Saudi Arabia approves new financial settlement rules for corruption cases    IMCTC launches second phase of Sahel Countries Program in Niger    Riyadh Season 2024 attracts over 18 million visitors    Disaster happened in 'world's most controlled airspace'    American and father of youngest hostages among those due for release from Gaza Saturday    Palestinian born after father was jailed hugs him for the first time    FireAid: Stars take to stage for LA benefit concert    Singer and actress Marianne Faithfull dies at 78    Saudi, Russian foreign ministers discuss regional issues in phone call    MWL chief meets Italian president in Rome; thanking him for supporting two-state solution    Ettifaq sack Steven Gerrard after poor results, appoint Saad Al-Shehri as new head coach    National Cybersecurity Authority launches 2nd phase of Postgraduate Scholarship Program    GASTAT: Real GDP records growth of 4.4% in Q4 2024    Saudi Arabia launches inaugural Art Week Riyadh on April 6-13    HP is redefining the Future of Work with AI    Mona Lisa to be moved as part of major Louvre overhaul    Neymar bids heartfelt goodbye to Al-Hilal: I will always support you    Al-Nassr announces transfer of Brazilian forward Talisca to Fenerbahçe    SFDA chief rules out plan to ban sale of cigarettes or vapes    Al Hilal and Neymar mutually agree to part ways    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Somali pirates threaten Indian Ocean tuna industry
Published in Saudi Press Agency on 22 - 01 - 2009


Tuna catches in the
southwestern Indian Ocean fell by as much as 30 percent last
year as pirates blocked access to some of the world's richest
tuna waters off Somalia, Reuters quoted fisheries experts as saying.
European fleets say the Somali pirates, who are better known
for their audacious hijackings of commercial vessels including
the Saudi supertanker, Sirius Star, threaten an industry worth
up to $6 billion across the Indian Ocean region.
France and Spain, which both base fleets in the Seychelles,
would expect to haul in nearly two-thirds of the year's catch
off Somalia between August and November, Alejandro Anganuzzi,
head of the Indian Ocean Tuna Commission, told Reuters.
"Instead they had to look further east and probably caught
50 percent of what they would usually catch," he said.
Some 50 trawlers use the capital Victoria's port, through
which up to 350,000 tonnes of tuna are handled each year. But
catches have suffered for two consecutive years as stocks fall.
Fisheries experts say foreign currency earnings will have
fallen as a result of the dwindling tuna catch, hurting hopes
for an economic recovery in the debt-laden archipelago.
In the Seychelles, tuna and related industries -- re-export
of fuel to vessels, port services, electricity and water for
vessels -- account for up to 40 percent of foreign earnings.
Somalia has said piracy was merely a symptom of rampant
illegal fishing by vessels from Europe and Asia in its waters
after the country's central government collapsed in 1991.
The Kenya-based Maritime Seafarers Assistance Programme said
in 2006 there were hundreds of illegal fishing boats in Somali
waters at any one time, mainly chasing tuna.
Some pirates have told Reuters they only turned to hijacking
to stop foreign fishing vessels destroying their own small boats
and equipment. But the ransoms earned simply increased their
appetite for hunting other ships.
From August to November, the waters beyond Somalia's
Exclusive Economic Zone (EEZ) hold some of the planet's richest
stocks of Yellowfin tuna. Pirates attacked tuna boats at least
three times last year, leading to one ransom over $1 million.
"The pirates' impact on the fishing off Somalia has been
huge," said one European skipper, on condition of anonymity. "At
least half our business is there. Now we cannot go there
anymore. The last season was wrecked."
The audacious attack on the fully laden Sirius Star, 450
nautical miles out to sea, alerted the world to the pirates'
extended range of activity, using ocean-going "mother-ships" to
deploy smaller skiffs for an assault.
Pirates freed the ship this month for a $3 million ransom.
"They are in the south too. We've seen suspect boats on the
same longitude as (Tanzania's capital) Dar es Salam. They were
there long before the Sirius attack," the skipper said.
"We have seen them in the waters of countries where we hold
licences, including Kenya and the Seychelles," he said.
The financial implications for the Seychelles are hard to
fathom as the tuna industry is shrouded in secrecy. In Japan,
top quality fish can sell for up to $100,000 each.
According to data seen by Reuters, French vessels averaged
some 4,000 tonnes each in 2008 compared to about 6,000 tonnes in
2006. But the financial ramifications go beyond the fleets.
The Seychelles is paid per tonne of fish landed for port
facilities -- an important source of foreign exchange for the
archipelago -- and reduced catches mean fewer calls to port.
"The pirates' biggest impact, however, is reduced supply,
driving prices up," said Rondolph Payet head of the Seychelles
Fisheries Authority.


Clic here to read the story from its source.