Page 26: of Maritime Reporter Magazine (January 2016)

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Fishing Fleets of Non-EU Europe:

Europe’s Profitable “Outsiders”

BY WILLIAM STOICHEVSKI ith three species of mi- Unconventional Icelandic designs, too, cumulate ? sheries quotas look set to be- Change-Aware grating cod to ? sh and are gaining ground here as catches and come true in 2016 for smaller vessels of “There’s certainly no crisis,” Norwe- new commercial species pro? ts soar. 11 meters to 15 m length. The optional gian Fisheries Directorate spokesman,

Warriving as oceans warm, Stirring the stream of new-builds are new regime creates a “free (coastal) ? sh- Olav Lekve, says. Directorate numbers

Norway is a ? sheries Valhalla. Yet, re- rules, anticipated rules and cross-border erman” class who need not buy quotas. show margins are up 13%. “(Norwegian cent boat sales suggest the Scandinavian catch agreements. In Norway, authorities Those that do can also buy two “extra ? shermen) sell to the whole world and country’s role is changing. Vessel orders have dropped limits on a coastal vessel’s quotas” beyond the ones they’re allotted. there are many products that vary a lot and rules in Norway are propping up length in favor of regulating the size and These strictures and new catch agree- in price.” yards and designers on Europe’s fringes. type of its hold (tank design rules and ments with the EU mean quotas are go- Wild salmon sell at “pretty high pric-

Medium-sized hull orders for Roma- DNV Class 1A1). The result has been ing unused in Norway, where catches es” in Europe. Lekve also points to the nian, Russian and Turkish boat build- owner interest in new ship designs and have grown just as vessel numbers have “very detailed regulation” that boat own- ers are new, while large vessel orders modi? cations amidships. Crucially, for fallen (from 6,500 in 2009 to 6,000 in ers submit to. He says they’ve learned to for Denmark or Spain continue apace. now, rules allowing larger vessels to ac- 2014). take advantage of every change thrown

Modern Flagship The Havyard-built Smaragd, autumn 2015. (Photo: courtesy Havyard) 26 Maritime Reporter & Engineering News • JANUARY 2016

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