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The profitability of the artisanal galician fleet

Author

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  • Dolores Garza-Gil, M.
  • Amigo-Dobaño, Lucy

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.

Suggested Citation

  • Dolores Garza-Gil, M. & Amigo-Dobaño, Lucy, 2008. "The profitability of the artisanal galician fleet," Marine Policy, Elsevier, vol. 32(1), pages 74-78, January.
    • Handle: RePEc:eee:marpol:v:32:y:2008:i:1:p:74-78
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    Cited by:

    1. Garza-Gil, M. Dolores & Varela-Lafuente, Manuel M. & Caballero-Miguez, Gonzalo & Álvarez-Díaz, Marcos, 2011. "Analysing the profitability of the Spanish fleet after the anchovy moratorium using bootstrap techniques," Ecological Economics, Elsevier, vol. 70(6), pages 1154-1161, April.

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