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The profitability of the artisanal galician fleet

M. Dolores Garza-Gil () and Lucy Amigo-Dobaño
Authors registered in the RePEc Author Service: Lucy Amigo Dobaño ()

Marine Policy, 2008, vol. 32, issue 1, 74-78

Abstract: A large artisanal fleet made up of small-sized vessels fishes along the Galician coastline using passive gear and traps. The aim of this study is to analyse the economic profitability of this fleet in the last 5 years by looking at the average rate of return on the vessel and the investment payback period. The results show a slight drop in the return per vessel half-way through the period studied caused by the effects of the Prestige oil spill, to quickly recover over the following 2 years. Considerably high profitability rates from fishing activity were observed, especially in the second half of the period, and slightly lower payback periods, in general, than the average life of a standard fleet vessel.

Keywords: Artisanal; fishery; Profitability; Galician; fleet (search for similar items in EconPapers)
Date: 2008
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Handle: RePEc:eee:marpol:v:32:y:2008:i:1:p:74-78