Foreign Fishing and Joint Ventures

• Main Authors: B. Pollard Rountree, P. Clay, S. Steinback, J. Walden
• Other Authors: The Pennsylvania State University CiteSeerX Archives
• Format: Text
• Language: English
• Subjects: Atlantic salmon
• Online Access: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.204.3121; http://www.nefsc.noaa.gov/sos/archives_retired_pages/FisheryEconomicTrends_2000.pdf

The Northeast's commercial oceanic and estuarine fisheries produced domestic landings worth $1.098 billion dockside in 1999, a increase of $98 million over 1998. In 1997 and 1998 domestic landings totaled $1,009 million, and $1,000 million respectively. Total quantities and value for finfish and shellfish species of major importance for 1995-1999 are provided in Table 1. Finfish landings brought in $360 million in 1999, representing 33 % of the revenue generated in the region. Shellfish landings brought in $739 million, accounting for the remaining 67 % of revenue. In 1999, total landings decreased to 636 thousand mt, a 12 % decrease over 1998 levels and a 22 % decrease from the 1995 peak of 811 thousand mt. Finfish landings (446 thousand mt) decreased by 15 % from 1998 figures, while shellfish landings (191 thousand mt) declined by 4 % in 1999. Important species of finfish and shellfish landed or raised in the Northeast Region are shown in Table 1 along with their total quantity, revenue, and ex-vessel prices for the last five years. Landings of finfish, lobster, shrimp, and crab are given in live weight; landings of all other shellfish are expressed in meat weight. The most important species, ranked in terms of 1999 ex-vessel revenue (first-sale dockside), are American lobster, sea scallops, blue crab, Atlantic salmon, goosefish, hard clams, surfclams, menhaden, Loligo squid, and cod. Six of the 10 most valuable species are invertebrates and 5 of the 10 species are harvested predominantly inshore (0-3 miles) or are raised. Several observations can be made from the landings and revenue data presented in Table 1. First, American lobsters