2. Report production process 1.DCF fleet economic data call issued by JRC: Early February 2012 – 1 month deadline 2.1 st draft of report, data focus: STECF EWG 12-03: 26-30 th March, JRC Ispra 3.2 nd draft of report, data interpretation: STECF EWG 12-05: 4-8 th June, JRC Ispra 4.Report evaluation: STECF Summer Plenary: 9- 13 th July, FOI Copenhagen

3. ToR / Report structure 1.EU fishing fleet economic overview 2.EU Regional analyses of economic performance (North Atlantic, North Sea, Mediterranean & Black Sea, Baltic Sea, Long distance) 3.National analyses on the economic performance of EU fishing fleets 4.Trends in EU Fish prices 5.Fishing rights in EU fleets 6.‘Overcapacity’ from an economic perspective in the EU fleets

4. 2012 fleet economic data call Council Regulation No 199/2008 Economic variables (appendix 6) – (Incomes, expenditures, employment, capital values and investments) Transversal variables (appendix 8) – (Capacity, Effort, landings volumes and values by species) Segmentation – Economic: Yearly, by: 1) Gear type (*14), length class (*6), supra region (*3), 2) National level – Transversal: Yearly, by: 1) Gear type, length class, FAO sub region region, 2) National level Years – 2008-2011

5. Data call results Missing data: – No data from Greece – Spain submission much more incomplete compared to previous year: no capacity, effort, volume and value of landings by species, capital values and investments – France submission missing all landings and effort for 2008 and 2009 – was provided at the 11th hour but not through formal channel – UK transversal data not submitted until end of first WG Incomplete picture and timescales affected Data quality: – usual problems and some questionable economic performance results for Bulgaria, Romania, Cyprus, Malta, Slovenia

6. EU fishing fleet capacity indicators – 2005-2010

7. EU fleet employment and wage indicators 2008-2010

8. EU fleet fishing effort indicators 2008-2010

9. EU fleet weight and value of landings 2008-2010

10. Income and cost type breakdown for the EU fleet in 2010

11. Trends in main cost items of the EU fleet EU fleet economic performance indicators 2008-2010

12. EU Member States economic performance indicators 2010

13. EU fleet net profit with and without direct income subsidies 2008-2010

14. Economic performance by gear type 2008-2010

15. EU fleet results summary - 2010 Capacity continues to decrease Total fuel consumption decreased Slight increase in both the volume and value landed Herring landings highest in terms of volume but slight decrease compared to 09 Norway lobster highest in terms of value and slight increase compared to 09 Average 1st sale prices increased 6.3% in 2010 Total income (excluding Greece) in 2010: €7 billion, 2.6% increase Crew wages decreased 7%, 11% increase in fuel costs compared to 2009, result of steady increase in fuel prices during 2010 EU fleet moved from overall loss making position to post a profit in 2010 Gross Value Added (GVA); €3.4 billion (5.7% increase), Gross profit; €1.2 billion (39.5% increase); Net profit (€288 million (increase of €300 million) Including direct subsidies, net profit increases to €414 million

16. 2011 Projections Total fleet income increased in 10 out of the 13 Member States. GVA as a proportion of total income increased in 7 out of 12 Member States Gross and net profits as a proportion of total income increased in 8 out of 13 Member States. Improved economic performance is expected in 2011 for around three quarters of the national fleets analysed.

17. For those MS where tradable rights have been established, the value of fishing rights have become a significant share of fishing companies capital. In many fleet segments the value of fishing rights are higher than the tangible asset value. Majority of trade takes place in the over 12m sector. Rights are leased from individuals and other entities out-with the active fleet – net cost to the active fleet Leasing costs can be considerable for active vessels and can significantly reduce profit levels Fleet consolidation has taken place in almost all Member States where trade in fishing rights has been allowed to develop (Denmark, Estonia, United Kingdom, the Netherlands and Sweden) Development of trade in fishing rights

18. A UTHORS AND A CKNOWLEDGEMENTS Editors: John Anderson (Seafish), Natacha Carvalho (JRC), Franca Contini (JRC), Jarno Virtanen (JRC) Authors: Anderson, J, Accadia, P., R., Berkenhagen, J., Brigaudeau, C., Carvalho, L., Carvalho, N., Davidjuka, I., Jackson, E., Kaslauskas, E., Kuzebski, E., Lees, J., Mardle, S., Miguez, M., Motova, A., Paulrud, A., Rogers, P., Souffez, A., Stroie, C., Traguany, J., Tikakoski, S., Verbogt, C., Virtanen, J. European Commission co-ordinators: Angel Calvo (DG MARE), Hendrik Doerner (JRC), Marousa Vasilaki (JRC)