The economic performance of the EU fishing fleet during the COVID-19 pandemic

Griffin Carpenter; Natacha Carvalho; Jordi Guillen; Raúl Prellezo; Sebastián Villasante; Jesper L. Andersen; Edo Avdic  Mravlje; Jörg Berkenhagen; Cecile Brigaudeau; Brian Burke; Angel Calvo Santos; Suzana Cano; Franca Contini; José-María Da-Rocha; Irina Davidjuka; Francisco Manuel Fernández Martínez; Ignacio Fontaneda-López; Monica Gambino; Elena Garcia Caballero; Olivier Guyader; Jeppe Herring; Geert Hoekstra; Myrto Ioannou; Emmet Jackson; Armelle Jung; Edvardas Kazlauskas; Michael Keatinge; Emil Kuzebski; Sophie Leonardi; Christelle Le Grand; Janek Lees; Carmen Margarita Mancebo-Robledo; Marie-Dominique Minne; Arie Mol; Marta Moran Quintana; Simona Nicheva; Heidi Pokki; João  Ramos Do Ó; Alexandre Rodríguez; Rosaria Felicitá Sabatella; Andrew Sciberras; Arnaud Souffez; Constantin Stroie; Hanna Swahnberg; Irene Tzouramani; Maria  Valiente Viana; Katrien Verlé; Jarno Virtanen; Ivana Vukov; Kolyo Zhelev

doi:10.1051/alr/2022022

The economic performance of the EU fishing fleet during the COVID-19 pandemic

Griffin Carpenter, Natacha Carvalho, Jordi Guillen, Raúl Prellezo, Sebastián Villasante, Jesper L. Andersen, Edo Avdic Mravlje, Jörg Berkenhagen, Cecile Brigaudeau, Brian Burke, Angel Calvo Santos, Suzana Cano, Franca Contini, José-María Da-Rocha, Irina Davidjuka, Francisco Manuel Fernández Martínez, Ignacio Fontaneda-López, Monica Gambino, Elena Garcia Caballero, Olivier GuyaderJeppe Herring, Geert Hoekstra, Myrto Ioannou, Emmet Jackson, Armelle Jung, Edvardas Kazlauskas, Michael Keatinge, Emil Kuzebski, Sophie Leonardi, Christelle Le Grand, Janek Lees, Carmen Margarita Mancebo-Robledo, Marie-Dominique Minne, Arie Mol, Marta Moran Quintana, Simona Nicheva, Heidi Pokki, João Ramos Do Ó, Alexandre Rodríguez, Rosaria Felicitá Sabatella, Andrew Sciberras, Arnaud Souffez, Constantin Stroie, Hanna Swahnberg, Irene Tzouramani, Maria Valiente Viana, Katrien Verlé, Jarno Virtanen, Ivana Vukov, Kolyo Zhelev

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Abstract

The COVID-19 outbreak and subsequent public health interventions have depressed demand and disrupted supply chains for many fishing businesses. This paper provides an analysis of the COVID-19 impacts on the profitability of the EU fishing fleets. Nowcasting techniques were used to estimate the impact of the COVID-19 pandemic on the economic performance for the EU fishing fleet in 2020 and 2021. Our results show that the economic impact of COVID-19 on this sector was smaller than initially expected and overall profits remained positive. This was in part due to low fuel prices that reduced operating costs of fishing, and the early response from governments to support the sector. The results vary by fishing fleet, revealing that small-scale fleets and the fleets in the Mediterranean and Black seas have been more impacted than large-scale fleets and the fleets in the Northeast Atlantic.

Original language	English
Article number	2
Journal	Aquatic Living Resources
Volume	36
Number of pages	14
ISSN	0990-7440
DOIs	https://doi.org/10.1051/alr/2022022
Publication status	Published - 2023

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Carpenter, G., Carvalho, N., Guillen, J., Prellezo, R., Villasante, S., Andersen, J. L., Mravlje, E. A., Berkenhagen, J., Brigaudeau, C., Burke, B., Calvo Santos, A., Cano, S., Contini, F., Da-Rocha, J.-M., Davidjuka, I., Fernández Martínez, F. M., Fontaneda-López, I., Gambino, M., Garcia Caballero, E., ... Zhelev, K. (2023). The economic performance of the EU fishing fleet during the COVID-19 pandemic. Aquatic Living Resources, 36, Article 2. https://doi.org/10.1051/alr/2022022

Carpenter, G, Carvalho, N, Guillen, J, Prellezo, R, Villasante, S, Andersen, JL, Mravlje, EA, Berkenhagen, J, Brigaudeau, C, Burke, B, Calvo Santos, A, Cano, S, Contini, F, Da-Rocha, J-M, Davidjuka, I, Fernández Martínez, FM, Fontaneda-López, I, Gambino, M, Garcia Caballero, E, Guyader, O, Herring, J, Hoekstra, G, Ioannou, M, Jackson, E, Jung, A, Kazlauskas, E, Keatinge, M, Kuzebski, E, Leonardi, S, Le Grand, C, Lees, J, Mancebo-Robledo, CM, Minne, M-D, Mol, A, Moran Quintana, M, Nicheva, S, Pokki, H, Ramos Do Ó, J, Rodríguez, A, Sabatella, RF, Sciberras, A, Souffez, A, Stroie, C, Swahnberg, H, Tzouramani, I, Valiente Viana, M, Verlé, K, Virtanen, J, Vukov, I & Zhelev, K 2023, 'The economic performance of the EU fishing fleet during the COVID-19 pandemic', Aquatic Living Resources, vol. 36, 2. https://doi.org/10.1051/alr/2022022

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abstract = "The COVID-19 outbreak and subsequent public health interventions have depressed demand and disrupted supply chains for many fishing businesses. This paper provides an analysis of the COVID-19 impacts on the profitability of the EU fishing fleets. Nowcasting techniques were used to estimate the impact of the COVID-19 pandemic on the economic performance for the EU fishing fleet in 2020 and 2021. Our results show that the economic impact of COVID-19 on this sector was smaller than initially expected and overall profits remained positive. This was in part due to low fuel prices that reduced operating costs of fishing, and the early response from governments to support the sector. The results vary by fishing fleet, revealing that small-scale fleets and the fleets in the Mediterranean and Black seas have been more impacted than large-scale fleets and the fleets in the Northeast Atlantic.",

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AU - Carvalho, Natacha

AU - Guillen, Jordi

AU - Prellezo, Raúl

AU - Villasante, Sebastián

AU - Andersen, Jesper L.

AU - Mravlje, Edo Avdic

AU - Berkenhagen, Jörg

AU - Brigaudeau, Cecile

AU - Burke, Brian

AU - Calvo Santos, Angel

AU - Cano, Suzana

AU - Contini, Franca

AU - Da-Rocha, José-María

AU - Davidjuka, Irina

AU - Fernández Martínez, Francisco Manuel

AU - Fontaneda-López, Ignacio

AU - Gambino, Monica

AU - Garcia Caballero, Elena

AU - Guyader, Olivier

AU - Herring, Jeppe

AU - Hoekstra, Geert

AU - Ioannou, Myrto

AU - Jackson, Emmet

AU - Jung, Armelle

AU - Kazlauskas, Edvardas

AU - Keatinge, Michael

AU - Kuzebski, Emil

AU - Leonardi, Sophie

AU - Le Grand, Christelle

AU - Lees, Janek

AU - Mancebo-Robledo, Carmen Margarita

AU - Minne, Marie-Dominique

AU - Mol, Arie

AU - Moran Quintana, Marta

AU - Nicheva, Simona

AU - Pokki, Heidi

AU - Ramos Do Ó, João

AU - Rodríguez, Alexandre

AU - Sabatella, Rosaria Felicitá

AU - Sciberras, Andrew

AU - Souffez, Arnaud

AU - Stroie, Constantin

AU - Swahnberg, Hanna

AU - Tzouramani, Irene

AU - Valiente Viana, Maria

AU - Verlé, Katrien

AU - Virtanen, Jarno

AU - Vukov, Ivana

AU - Zhelev, Kolyo

PY - 2023

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AB - The COVID-19 outbreak and subsequent public health interventions have depressed demand and disrupted supply chains for many fishing businesses. This paper provides an analysis of the COVID-19 impacts on the profitability of the EU fishing fleets. Nowcasting techniques were used to estimate the impact of the COVID-19 pandemic on the economic performance for the EU fishing fleet in 2020 and 2021. Our results show that the economic impact of COVID-19 on this sector was smaller than initially expected and overall profits remained positive. This was in part due to low fuel prices that reduced operating costs of fishing, and the early response from governments to support the sector. The results vary by fishing fleet, revealing that small-scale fleets and the fleets in the Mediterranean and Black seas have been more impacted than large-scale fleets and the fleets in the Northeast Atlantic.

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DO - 10.1051/alr/2022022

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