Tag three million maritime workers may lose jobs over floating exchange rate

I think there may be a mistake here. It's unlikely that three million maritime workers would lose their jobs due to a floating exchange rate. Here's why:

A floating exchange rate is a system in which the value of a country's currency is determined by the foreign exchange market, where the supply and demand for the currency determine its value. This means that the exchange rate can fluctuate constantly, but it doesn't directly affect the jobs of maritime workers.

Maritime workers, such as sailors, dockworkers, and shipbuilders, are employed in the shipping and logistics industry, which is a separate sector from foreign exchange markets. The industry is driven by factors such as global trade, economic growth, and technological advancements, not by exchange rates.

That being said, if there were a significant economic downturn or a major disruption in global trade, it could potentially impact the demand for maritime services and lead to job losses. However, this would be a complex issue involving multiple factors, not just a floating exchange rate.

To provide some context, the global maritime industry employs millions of people worldwide, but the exact number of maritime workers is difficult to estimate. According to the International Maritime Organization (IMO), the global shipping industry employs around 1.5 million people, while the International Transport Workers' Federation (ITF) estimates that there are around 2.5 million seafarers worldwide.

In any case, it's unlikely that a floating exchange rate would directly lead to the loss of three million maritime jobs. If you have any further information or context about this claim, I'd be happy to help clarify things!