| 2012 economic cost earnings of pelagic longline fishing in Hawaii - :12712 | National Marine Fisheries Service (NMFS)
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2012 economic cost earnings of pelagic longline fishing in Hawaii
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    Pacific Islands Fisheries Science Center (U.S.)
  • Description:
    This report presents findings from the Pacific Islands Fisheries Science Center (PIFSC) costearnings study of the Hawaii-based longline fleet. Fleet-wide expenditures and revenue are assessed for the 2012 operational calendar year. Captains or owners of 115 of the 126 vessels active at the time of the study voluntarily participated in the face-to-face survey, resulting in a response rate of 91 percent. This report also compares 2012 results with the previous costearnings studies of the Hawaii longline fleet that examines the economic profiles of the fleet for 2000 and 2005 operations. Based on survey responses, the average indirect net returns for Hawaii-based longline operations were $72,855 with a direct net cash flow of $56,522 in 2012. Direct net cash flow represents a 233 percent change over 2005 ($16,955 adjusted value in 2012 dollars), when the last costearnings survey was conducted. However, economic performance varied widely in 2012. Not all owners earned a profit in 2012, with nearly one-third of study participants realizing negative net returns for the operating calendar year. In addition, vessel operators exclusively targeting bigeye tuna (deep set) generated relatively higher net returns than vessel operators who pursued only swordfish (shallow set) or a combination of swordfish and bigeye tuna during the fishing year. While vessel operators that targeted swordfish during the year generated relatively higher gross revenues than those who targeted only bigeye tuna, higher operating costs offset these gains. Analysis also indicates that vessel size tended to correlate with gross and net revenue in 2012, in that owners and captains of larger vessels generated more revenue and profit than did captains and owners of smaller vessels. The survey instrument also included questions designed to elicit perspectives regarding catch share-based fishery management programs. Analysis of the fisher responses makes it clear that the majority of owners and captain respondents who are familiar with catch-share programs do not support the adoption of this form of management in Hawaii. Many respondents specifically expressed concerns about how a catch share program could be equitably implemented in the region. [doi:10.7289/V5/TM-PIFSC-56 (http://dx.doi.org/10.7289/V5/TM-PIFSC-56)]

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