Tag Archives: Privatize/Consolidate
“It’s a symptom of poor policy”- Codfather Arrest Shines Light on Fishing System
Members of the dwindling Vineyard fishing community who have been watching the proceedings say the tale is a sad commentary on the state of the industry and highlights flaws in its regulation. “It’s a symptom of poor policy,” said Wes Brighton, a Vineyard fisherman and one of the only Islanders to hold a federal commercial groundfishing permit. Mr. Brighton fishes for lobster, conch, monkfish, and some cod from his boat Martha Elizabeth. The system creates an imbalance, he said, giving independently-owned family fishing businesses little access to the fisheries and allowing larger corporations the ability to consolidate fishing permits and quota. click here to read the story 08:49
Thirteen corporations control up to 40 per cent of world’s most valuable fisheries
The study found that the average annual revenues of the 160 largest companies in 2012 exhibit a distinct keystone pattern, where the top 10% account for 38 % of total revenues. The identified thirteen companies (box) shape very large marine ecosystems around the world and are involved in both wild capture fisheries and aquaculture, including whitefish, tuna, salmon, shellfish, fishmeal, fish oil, and aqua feeds. Their combined annual revenues correspond to 18% of the global value of seafood production in 2012 (US$ 252 billion). Privatize/Consolidate. Great! Read the rest here 14:48
