Realized profits on the Stationary Offshore Ocean Economy: an analysis

This paper analyzes the recent financial performance of the publicly traded companies that employ stationary structures on the open ocean using a comprehensive Thomson Reuters Eikon search. These companies are found in the offshore aquaculture, wind and drilling sectors together with their respective equipment providers, and together comprise the Stationary Offshore Ocean Economy. The findings indicate that offshore aquaculture, though still in its infancy, is emerging noticeably and showing promise. In our study, the performance of offshore wind providers was generally very favorable while the performance of offshore wind equipment manufacturers tended to be weak, though this was sometimes mixed. The performance of offshore drilling services also varied, having been heavily influenced by the 2014 oil price declines. As economic development continues offshore, it is expected that a broad array of new economic opportunities and systems may emerge. These opportunities and systems could lead to greater flourishing and upward mobility in the global population. Future research should focus on identifying industries that may emerge from moving offshore to the extreme, that is, to the point of being outside the exclusive economic zones of any country.