Marine industry leaders convene for PwC sponsored Our Ocean Wealth Summit

16 May, 2018

The ‘Our Ocean Wealth’ Summit 2018, which is sponsored by PwC, has been launched and will take place on 28 and 29 June in Galway under the theme of Investing in Marine Ireland. 

The two-day conference will focus on Ireland's multi-billion Euro marine economy, discussing the impact of a number of issues in the maritime sector, including Brexit, smart shipping, sea and airfreight logistics and Ireland’s seafood sector.

This year, the Our Ocean Wealth’ Summit has attracted high profile marine sector speakers from across the globe. Among those who will speak at this year’s summit are Blue Planet producer Orla Doherty, US Astronaut and Oceanographer Kathryn Sullivan, Ocean Energy CEO Claire Jolly and OECD and Investment Manager with Equinor Jill Tullyamong.

Minister for Agriculture, Food and Marine Michael Creed TD, Climate Justice Foundation CEO Mary Robinson, PwC Ireland partner Yvonne Thompson and BIM CEO Jim O’Toole are among the Irish leaders who will address the Summit.

Pictured are (l-r): Peter Heffernan, Marine Institute CEO; Yvonne Thompson, PwC Partner and Jim O'Toole, CEO of BIM, Ireland's Seafood Development Company

With an annual turnover in excess of €5.7 billion, Ireland’s marine economy has been on a steady growth trajectory over the past decade. The Summit will specifically look at how best to commercialise, manage and protect our marine sector, which is worth over €2 billion directly to the Irish economy.

“Being an island nation, Ireland has a real opportunity to lead in terms of innovation, competitive advantage in the marine industry, burgeoning renewable energy and connected marine devices and solutions.  This event, as a key output of the Harnessing Our Ocean Wealth strategy, brings the vital and various elements of Ireland’s marine sector, the experts and experience, together to convene and network and share knowledge required to drive forward our blue economy,” said Minister Michael Creed, TD.

Speaking at the launch of the summit, Marine Institute CEO Peter Heffernan said, “Ireland’s oceans represent enormous commercial opportunities and this Summit will be relevant to organisations involved in offshore renewable energy, marine biotech, aquaculture and fisheries, shipping, marine mining and exploration as well as subsea and offshore technology including robotics, communications, sensors and data analytics. We are also mindful of the need to manage this incredible blue resource to ensure its viability and health into the future.

“This year’s Summit represents an enormous opportunity to be part of a national and international event where marine leaders will be sharing insights, networking and engaging with delegates over the 2 days of the Summit as part of the national maritime festival, SeaFest.”

The Our Ocean Wealth Summit has a full agenda that includes an in-depth discussion on Ireland’s seafood sector, the impact of Brexit on Irish waters, smart shipping, sea and airfreight logistics for the fishing sector, an interactive session on marine renewables, as well as insights and thought leadership on climate change. Marine research and development, maritime commerce, financial planning for the marine and aviation leasing will also be topics discussed at the Summit this year.

Speaking at the 2018 launch, PwC Partner, Declan McDonald, said: “The central theme of investment for the 2018 Summit demonstrates how the integrated marine plan for Ireland is moving into a new phase of commercial engagement beyond EU and Government funding. We see this theme developing globally with many investment managers and investors actively engaged in funding projects in line with the UN sustainable development goals.

“We see significant activity in the ocean economy to attract investors seeking returns beyond philanthropy. PwC in Ireland and globally continues to raise awareness and support the sustainable development of the ocean economy recognising that the oceans’ health and wealth are inextricably linked."  

Now in its fifth year, Our Ocean Wealth Summit in association with PWC is supported by a number of partners including IDA Ireland, Enterprise Ireland, Sustainable Energy Authority of Ireland (SEAI), Science Foundation Ireland, Failte Ireland, Bord Iascaigh Mhara (BIM) and the Irish Maritime Development Office (IMDO).  The Summit is an output of Harnessing Our Ocean Wealth, the Government’s integrated plan for Ireland’s marine sector, which aims to double the value of the marine economy’s contribution to GDP by 2030.

See www.ouroceanwealth.ie for more details.

ENDS

About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2018 PwC. All rights reserved

Contact us

Declan McDonald

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 6092

Yvonne Thompson

Partner, PwC Ireland (Republic of)

Tel: +353 1 792 7147

Johanna Dehaene

Corporate Communications, PwC Ireland (Republic of)

Tel: +353 1 792 6547

Follow PwC Ireland