Techno-economic performance review of selected fishing fleets in Europe

All countries covered in this review also saw a reduction in total fleet capacity in gross tonnage (GT) and kilowatts (kW). [...]the age structure of the fishing fleets showed an increasing trend for most fleet segments. Acronyms and abbreviations AER Annual Economic Report (EU) AIS automatic identification system CFP Common Fisheries Policy (EU) DCF Data Collection Framework (EU) EBIT Earnings before interest and taxes EBITDA earnings before interest, taxes, depreciation and amortization EIB European Investment Bank (EU) EMFF European Maritime Fisheries Fund (EU) EU European Union FTE fulltime-equivalent (employment figures) GBP British pound sterling GPS Global positioning system GSA Geographic subarea of the General Fisheries Commission for the Mediterranean GT gross tonnage GVA gross value added ICCAT International Commission for the Conservation of Atlantic Tunas ICES International Council for the Exploration of the Sea IOTC Indian Ocean Tuna Commission ITQ individual transferable quotas kW kilowatt LOA length overall MAP multi-annual plan MSC Marine Stewardship Council MSY maximum sustainable yield NAFO Northwest Atlantic Fisheries Organization NEAFC North East Atlantic Fisheries Commission nm nautical mile OFR French Outermost Regions PO Producer Organization ROFTA Return on Fixed Tangible Assets STECF Scientific, Technical and Economic Committee for Fisheries (EU) TAC total allowable catch USD United States Dollar 1. The United Nations 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs) recognizes that the fisheries sector offers many opportunities to reduce hunger and improve nutrition, alleviate poverty, generate economic growth and ensure better use of natural resources. [...]information is also instrumental for fisheries sector stakeholders, both public and private, to decide on whether to invest in fishing fleets and fisheries related infrastructure. [...]FAO and particularly its Fishing Operations and Technology Branch (FIAO) regularly conduct global studies to analyze the cost structure and economic and financial performance of fishing fleets.