Review of the techno-economic performance of the main global fishing fleets

This review of the techno-economic performance of the main global fishing fleets discusses the outcomes from 20 country-level studies of fishing fleets from Africa, Asia, Europe, North and South America. It includes financial, socio-economic and technical information from 103 major (semi-) industrial fishing fleet segments, which are responsible for an estimated 39 percent of marine capture fisheries production worldwide. The analysis of vessel characteristics reveals substantial differences in fishing capacity (in terms of vessel length, tonnage and power) between fleet segments. An increase in the gross tonnage of average vessels was observed in fleet segments also covered in previous reviews. Substantial increases in average length overall and engine power were observed in several Asian fishing fleets. The age structure of the fishing fleets in most regions, except Asia, shows an upward trend. An analysis of the costs and earnings data showed that labour and running costs were the two main cost components for the majority of fleet segments. Ninety-two percent of 97 fleet segments reported a positive net cash flow in the year they were surveyed, in the 2016–2019 period. Net profit margins of 10 percent or more were realized by average fishing vessels in 73 percent of the fleet segments. Returns on investment (ROIs) of 10 percent or higher were realized by 61 percent of the fleet segments. The review also discusses developments in fishing technologies. These developments, along with a general increase in seafood prices, successful fisheries management in some areas, and improved fleet capacity management in Europe and North America, have all contributed to the ongoing, positive financial and economic performance of the main global fishing fleets in recent years.

Bibliographic Details

Main Authors:	1423211761772 Van Anrooy, R., 185034 FAO, Rome (Italy). Fisheries and Aquaculture Dept. eng, 1423211781280 Carvalho, N., 1423211781333 Kitts, A., 1423211782214 Mukherjee, R., 1423211780015 Van Eijs, S., 1423211765794 Japp, D., 1423211783371 Ndao, S.
Format:	Texto biblioteca
Language:	eng
Published:	Rome (Italy) FAO 2021
Subjects:	fishing vessels, fishing gear, equipment performance, economic analysis, SDGs, Goal 14 Life below water,
Online Access:	http://www.fao.org/3/cb4900en/cb4900en.pdf https://doi.org/10.4060/cb4900en
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