Oceana strictly opposes subsidies for the construction of new fishing vessels

Re-flagged EU fleet activities in developing countries lack transparency and operate outside EU fisheries laws or official Fisheries Partnership Agreements. Oceana, the international marine conservation organisation, strongly opposes fishing subsidies for capacity enhancing and the construction of new vessels. Currently, 80 percent of the world’s fish stocks are overexploited, fully exploited, significantly depleted or recovering … Read more

Fishing Subsidies: Achievements

Thanks to Oceana, the European Court of Justice forced Italy to reimburse €7M it received in subsidies for the conversion or decommissioning of its fleet. Oceana proved that the fleet was never converted or decommissioned and that the funds were used to increase the fishing efforts. Oceana reported various vessels for illegal fishing, one of … Read more

Fishing Subsidies: State Aid

In addition to the subsidies available under the official EU funds, Member States can take the initiative to provide additional funding to their sector under the state aid mechanism. These investments are only approved by the European Commission on the condition that the subsidies comply with the objectives of the European fisheries policy and do … Read more

UNEP workshop on fisheries subsidies and sustainable fisheries management

Society as we know it, perhaps in every country on earth, would not exist in its present form without economic subsidies. Economic support knows many different faces: apart from direct payments to those in need, it may be provided through public-private partnerships or bi-lateral agreements, by joining a free trade agreement or union (such as … Read more

Subsidies: Overview

For decades, EU fisheries subsidies have fuelled the growth of the EU fleet to a level estimated to be two to three times higher than what the ocean can sustainably provide and then artificially maintained the overcapacity of the fleet, driving the overfishing of our seas. Yet the vast majority of Europe’s fishing fleets is … Read more