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