Economic trends of industrial double-rig bottom trawlers in Southeastern Brazil

Economic trends of industrial double-rig bottom trawlers in Southeastern Brazil This work presents an analysis of the economic performance of pink-shrimp trawlers in Rio de Janeiro, Brazil, evaluating the temporal trends and factors determining total costs and profitability. The period comprised three years, and data from seven vessels were used in each year. Total costs were composed of variable costs, fixed costs and depreciation costs, and the economic performance was accessed considering multiple indicators. Total costs structure showed a similar composition between the crew share and fuel cost, following by vessel maintenance and commercial costs. Variation of cost items and total costs per trip were not statistically different between years. Economic performance analysis revealed that vessels exhibited considerable yearly variation for the evaluated indicators. Two vessels were loss-making in a given year, and the remaining presented variable but positive profitability. Strong positive correlation between gross revenue, commercial, labor, and fuel costs, and another strong inverse correlation between economic indicators and vessel costs were revealed. Cluster analysis suggested that profitability and costs were not associated with vessel capacity. Negative profitability was not associated with revenue or running costs; instead, it arose from vessel costs, highlighting the economic consequences of an old and obsolete fleet. This fact stresses the necessity of vessel´s modernization based on replacement policies to enhance product quality, price and profitability. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Marine Policy Elsevier

Economic trends of industrial double-rig bottom trawlers in Southeastern Brazil

Loading next page...
1
 
/lp/elsevier/economic-trends-of-industrial-double-rig-bottom-trawlers-in-ePB6u2gbO1
Publisher
Elsevier
Copyright
Copyright © 2017 Elsevier Ltd
ISSN
0308-597X
eISSN
1872-9460
D.O.I.
10.1016/j.marpol.2017.12.026
Publisher site
See Article on Publisher Site

Abstract

This work presents an analysis of the economic performance of pink-shrimp trawlers in Rio de Janeiro, Brazil, evaluating the temporal trends and factors determining total costs and profitability. The period comprised three years, and data from seven vessels were used in each year. Total costs were composed of variable costs, fixed costs and depreciation costs, and the economic performance was accessed considering multiple indicators. Total costs structure showed a similar composition between the crew share and fuel cost, following by vessel maintenance and commercial costs. Variation of cost items and total costs per trip were not statistically different between years. Economic performance analysis revealed that vessels exhibited considerable yearly variation for the evaluated indicators. Two vessels were loss-making in a given year, and the remaining presented variable but positive profitability. Strong positive correlation between gross revenue, commercial, labor, and fuel costs, and another strong inverse correlation between economic indicators and vessel costs were revealed. Cluster analysis suggested that profitability and costs were not associated with vessel capacity. Negative profitability was not associated with revenue or running costs; instead, it arose from vessel costs, highlighting the economic consequences of an old and obsolete fleet. This fact stresses the necessity of vessel´s modernization based on replacement policies to enhance product quality, price and profitability.

Journal

Marine PolicyElsevier

Published: Apr 1, 2018

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off