Development of the coastal pollock fishery in 2020-2023

Sustainable fisheries

March 16th, 2023

The average annual growth rate of quotas for coastal Pollock fishing in 2020-2023 was 9.6%, an analysis of the Fishery Shipowners Association (FSA) showed.

Such growth is associated with the commissioning of onshore processing plants, as well as 3 vessels (fresh fish carriers), under the investment quota mechanism. Most Pollock processing plants built under investment quotas receive fresh coastal fish.

Over the past 4 years, as new plants and vessels (fresh fish carriers) were put into operation in the Far East basin, the volume of Pollock investment quotas allocated for them increased by 62.1 thousand tons. The total volumes of quotas for coastal pollock fishing over the same period showed a comparable increase - by 79 thousand tons.

These data confirm that:

The investment quota mechanism has a higher potential for the development of coastal fisheries than the application of a multiplier in the allocation of resources to coastal fisheries.
An integrated approach to the construction of plants, together with fresh-fishing vessels, is optimal given the growth in coastal fisheries following the construction of plants.