A bio-economic evaluation of the potential for establishing a commercial fishery on two newly developed stocks: the Ionian Red Shrimp Fishery

It has recently been shown that two deep-water red shrimp species (Aristeus antennatus and Aristaeomorpha foliacea) have the potential to support a viable fishery in the Greek Ionian Sea (eastern Mediterranean). In this article, we investigate (i) the evolution that this newly developed trawl shrimp fishery may undergo when subjected to different management measures, and (ii) the most suitable extraction rates considering the uncertainties about the resource. We further analyse the effects that potential future fuel price increases and changes in the market may have on the fishery. Forecasting the biological and economic consequences of management actions, as well as the effects of market changes on inputs and outputs before they are applied, may help managers select the most suitable management options. We approach the problem by means of bio-economic simulation analysis. The results of this study show that fishing effort can increase by 50-100%, increasing the fleet's profitability without jeopardizing the sustainability of the fishery

Protecting Marine Biodiversity: A Comparison of Individual Habitat Quotas (IHQs) and Marine Protected Areas

Fisheries managers in the United States are required to identify and mitigate the adverse impacts of fishing activity on essential fish habitat (EFH). There are additional concerns that the viability of noncommercial species, animals that are habitat dependent and/or are themselves constituents of fishery habitat may still be threatened. We consider a cap-and-trade system for habitat conservation, individual habitat quotas for fisheries, to achieve habitat conservation and species protection goals cost effectively. Individual quotas of habitat impact units (HIUs) would be distributed to fishers with an aggregate quota set to maintain a target habitat “stock” of EFH conservation. Using a dynamic, spatially explicit fishery simulation model we explore the efficiency and cost effectiveness of an IHQ policy versus alternative marine protected area (MPA) configurations, at reducing the risk of extinguishing a habitat dependent species of unknown spatial distribution. Our findings indicate that an IHQ policy with a conservatively established habitat target is better suited to the protection of non-target species than a rotating or fixed MPA policy.Fisheries management, Individual transferable quota, ITQ, Individual habitat quota, IHQ, Essential fish habitat, EFH, Marine protected areas, MPA, Non-target species

Endogenous Fishing Mortalities: a State-Space Bioeconomic Model

A methodology that endogenously determines catchability functions that link fi shing mortality with contemporaneous stock abundance is presented. We consider a stochastic age-structured model for a fishery composed by a number of fi shing units (fleets, vessels or métiers) that optimally select the level of fishing effort to be applied considering total mortalities as given. The introduction of a balance constrain which guarantees that total mortality is equal to the sum of individual fi shing mortalities optimally selected, enables total fishing mortality to be determined as a combination of contemporaneous abundance and stochastic processes affecting the fishery. In this way, future abundance can be projected as a dynamic system that depends on contemporaneous abundance. The model is generic and can be applied to several issues of fisheries management. In particular, we illustrate how to apply the methodology to assess the floating band target management regime for controlling fishing mortalities which is inspired in the new multi-annual plans. Our results support this management regime for the Mediterranean demersal fishery in Northern Spain.This work was funded by the European Commission as part of the MINOUW project (H2020-SFS-2014-2, number 634495) and the Spanish Ministry of Economy, Industry and Competitiveness (ECO2016-78819-R, AEI/FEDER, UE

Rebuilding the Eastern Baltic cod stock under environmental change - Part II: The economic viability of a marine protected area

This study adds a cost analysis of the Eastern Baltic cod fishery to the existing model presented in Röckmann et al. (forthcoming). As cost data on this international fishery do not exist, available data from Denmark are extrapolated to the whole international fishery. Additionally, unit and total variable costs are simulated and the sensitivity to a set of different cost-stock and cost-output elasticities is tested. The study supports preliminary conclusions that a temporary marine reserve policy, which focuses on protecting the Eastern Baltic cod spawning stock in ICES subdivision 25, is a valuable fisheries management tool to (a) rebuild the overexploited Eastern Baltic cod stock and (b) increase operating profits. The negative effects of climate change can be postponed for at least 20 years – depending on the assumed rate of future climate change. Including costs in the economic analysis does not change the ranking of management policies as proposed in the previous study where costs were neglected.Development, Baltic cod, cost-stock elasticity, cost-output elasticity, sensitivity analysis, climate change scenario, management, policy, temporal marine reserve

Models for an Ecosystem Approach to Fisheries

This document is one outcome from a workshop held in Gizo in October 2010 attended by 82 representatives from government, NGO's private sector, and communities. The target audience for the document is primarily organizations planning to work with coastal communities of Solomon Islands to implement Community-Based Resource Management (CBRM). It is however also envisaged that the document will serve as a reference for communities to better understand what to expect from their partners and also for donors, to be informed about agreed approaches amongst Solomon Islands stakeholders. This document does not attempt to summarize all the outcomes of the workshop; rather it focuses on the Solomon Islands Coral Triangle Initiative (CTI) National Plan of Action (NPoA): Theme 1: Support and implementation of CBRM and specifically, the scaling up of CBRM in Solomon Islands. Most of the principles given in this document are derived from experiences in coastal communities and ecosystems as, until relatively recently, these have received most attention in Solomon Islands resource management. It is recognized however that the majority of these principles will be applicable to both coastal and terrestrial initiatives. This document synthesizes information provided by stakeholders at the October 2010 workshop and covers some basic principles of engagement and implementation that have been learned over more than twenty years of activities by the stakeholder partners in Solomon Islands. The document updates and expands on a summary of guiding principles for CBRM which was originally prepared by the Solomon Islands Locally Managed Marine Area Network (SILMMA) in 2007

An Evaluation of the Sustainability of Global Tuna Stocks Relative to Marine Stewardship Council Criteria

The Marine Stewardship Council (MSC) has established a program whereby a fishery may be certified as being sustainable. The sustainability of a fishery is defined by MSC criteria which are embodied in three Principles: relating to the status of the stock, the ecosystem of which the stock is a member and the fishery management system. Since many of these MSC criteria are comparable for global tuna stocks, the MSC scoring system was used to evaluate nineteen stocks of tropical and temperate tunas throughout the world and to evaluate the management systems of the Regional Fishery Management Organizations (RFMO) associated with these stocks