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The profitability of the artisanal galician fleet
Authors:M Dolores Garza-Gil  Lucy Amigo-Dobaño
Institution:Departamento de Economía Aplicada, University of Vigo, Facultade de Ciencias Económicas e Empresariais, Campus de Lagoas-Marcosende s/n, 36310 Vigo, Galicia, Spain
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
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