Financial analysis of the Danish seine fisheries business in Rembang Regency, Indonesia

Danish seine fcantrang') fisheries practices have become a sensitive issue in Indonesia because of conflicts between stakeholders, including in Rembang Regency. The ban of Danish seine has been declared by the Indonesian government. This is related to manage the sustainability of fish resources. Danish seine in Indonesia has been modified by fishermen to increase their fishing power and could be referred as a mini trawl. The purpose of this research was to make the financial analysis of Danish seine fisheries in Rembang Regency. The research was conducted through observation and interview to the representatives of Danish seine fisheries businessmen from 30 ships. In this research, we used CR (cost revenue) ratio in financial analysis. Our research results showed that the CR ratio of Danish seine fisheries based on the Tasik Agung' fishing port was 0.71 or equivalent to RC (revenue cost) ratio of 1.41. The relatively large income of owner, captain, technician and crews of Danish seine fisheries causes them to reject the regulation of Danish seine ban. Nevertheless, Danish seine fisheries practices still need to be controlled to protect the sustainability of fish resources in the long term and to protect the progress of artisanal fisheries.