January 23, 2014
Contact: Teri Frady
Fishing Year 2012 Groundfish Fishery Performance Report Issued
NOAA Fisheries today released the third annual report on the economic performance of the vessels active in the Northeast groundfish fishery in fishing year 2012. Although landing and revenue figures for these vessels have been public since September, this report provides additional analysis. Given quota reductions for some groundfish stocks, landings and revenues were lower in 2012 than in 2011, as expected. For all fish landed, landings were down 5.4 percent and revenues by 7.7 percent. For groundfish these figures are at four-year lows with landings off by 24 percent and revenues by 22.9 percent. There were fewer active vessels, fewer and slightly longer trips, and continued concentration of revenues onto the highest-earning vessels. Similar to last year, more than half of the available quota was not harvested.
The report is posted here: http://www.nefsc.noaa.gov/publications/crd/crd1401/
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