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Effects of the fuel price crisis on the energy efficiency and the economic performance of the European Union fishing fleets

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  • Cheilari, Anna
  • Guillen, Jordi
  • Damalas, Dimitrios
  • Barbas, Thomas

Abstract

Recent fuel price increases, together with future scarcity of fossil fuels and pollution have raised awareness about the efficient use of energy. Expenditure on marine fuel represents a significant component of the operational costs of the fishing fleets and, as a result, the profitability of the fishing fleets is very sensitive to fuel price variations. By assembling data from 54 fishing fleets around Europe, representing one fourth of the European Union (EU) fishing fleet in terms of vessel numbers and one third in terms of the volume of landings, the effects of the fuel price increase on the economic performance and the energy efficiency of the EU fleet, were estimated for the period 2002–2008. Results demonstrate declining trends in the economic indicators through the years, with a 33% reduction in profitability of the fleets since the beginning of the study. Most energy efficiency indicators, which featured a deteriorating trend over time, have improved their performance after 2004, when the first fuel price increase of the period was observed. However, results do vary across fleet segments.

Suggested Citation

  • Cheilari, Anna & Guillen, Jordi & Damalas, Dimitrios & Barbas, Thomas, 2013. "Effects of the fuel price crisis on the energy efficiency and the economic performance of the European Union fishing fleets," Marine Policy, Elsevier, vol. 40(C), pages 18-24.
    • Handle: RePEc:eee:marpol:v:40:y:2013:i:c:p:18-24
    DOI: 10.1016/j.marpol.2012.12.006
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    Cited by:

    1. Yonghan Jeon & Jongoh Nam, 2023. "Estimating Energy Efficiency and Energy Saving Potential in the Republic of Korea’s Offshore Fisheries," Sustainability, MDPI, vol. 15(20), pages 1-17, October.
    2. Tromeur, Eric & Doyen, Luc & Tarizzo, Violaine & Little, L. Richard & Jennings, Sarah & Thébaud, Olivier, 2021. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Ecological Economics, Elsevier, vol. 190(C).
    3. Guillen, Jordi & Maynou, Francesc, 2014. "Importance of temporal and spatial factors in the ex-vessel price formation for red shrimp and management implications," Marine Policy, Elsevier, vol. 47(C), pages 66-70.
    4. Staffan Waldo & Anton Paulrud, 2017. "Reducing Greenhouse Gas Emissions in Fisheries: The Case of Multiple Regulatory Instruments in Sweden," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 275-295, October.
    5. Jordi Guillen & Natacha Carvalho & Griffin Carpenter & Antonio Borriello & Angel Calvo Santos, 2023. "Economic Impact of High Fuel Prices on the EU Fishing Fleet," Sustainability, MDPI, vol. 15(18), pages 1-10, September.
    6. Violaine Tarizzo & Eric Tromeur & Olivier Thébaud & Richard Little & Sarah Jennings & Luc Doyen, 2018. "Risk averse policies foster bio-economic sustainability in mixed fisheries," Cahiers du GREThA (2007-2019) 2018-07, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    7. Letschert, Jonas & Müller, Birgit & Dressler, Gunnar & Möllmann, Christian & Stelzenmüller, Vanessa, 2025. "Simulating fishery dynamics by combining empirical data and behavioral theory," Ecological Modelling, Elsevier, vol. 501(C).
    8. Michael-Bitton, Geula & Gal, Gideon & Corrales, Xavier & Ofir, Eyal & Shechter, Mordechai & Zemah-Shamir, Shiri, 2022. "Economic aspects of fish stock accounting as a renewable marine natural capital: The Eastern Mediterranean continental shelf ecosystem as a case study," Ecological Economics, Elsevier, vol. 200(C).
    9. Moutopoulos, Dimitrios K. & Koutsikopoulos, Constantin, 2014. "Fishing strange data in national fisheries statistics of Greece," Marine Policy, Elsevier, vol. 48(C), pages 114-122.
    10. Xiao Zhang & Shengchao Ye & Manhong Shen, 2023. "Driving Factors and Spatiotemporal Characteristics of CO 2 Emissions from Marine Fisheries in China: A Commonly Neglected Carbon-Intensive Sector," IJERPH, MDPI, vol. 20(1), pages 1-17, January.
    11. Guangliang Li & Chunlan Tan & Weikun Zhang & Wolin Zheng & Yong Liu, 2023. "Carbon Emission Efficiency, Technological Progress, and Fishery Scale Expansion: Evidence from Marine Fishery in China," Sustainability, MDPI, vol. 15(8), pages 1-20, April.
    12. Cooper, Rachel & Jarre, Astrid, 2017. "An Agent-based Model of the South African Offshore Hake Trawl Industry: Part I Model Description and Validation," Ecological Economics, Elsevier, vol. 142(C), pages 268-281.
    13. Natacha Carvalho & Jordi Guillen, 2021. "Economic Impact of Eliminating the Fuel Tax Exemption in the EU Fishing Fleet," Sustainability, MDPI, vol. 13(5), pages 1-15, March.
    14. Cooper, Rachel & Jarre, Astrid, 2017. "An Agent-based Model of the South African Offshore Hake Trawl Industry: Part II Drivers and Trade-offs in Profit and Risk," Ecological Economics, Elsevier, vol. 142(C), pages 257-267.
    15. Cezary Behrendt & Oleh Klyus & Marcin Szczepanek, 2023. "Reductions in Energy Consumption and Emission of Harmful Exhaust Gases by Fishing Vessels," Energies, MDPI, vol. 16(20), pages 1-13, October.
    16. Mushtaq, Zulqarnain & Wei, Wei & Jamil, Ihsan & Sharif, Maimoona & Chandio, Abbas Ali & Ahmad, Fayyaz, 2022. "Evaluating the factors of coal consumption inefficiency in energy intensive industries of China: An epsilon-based measure model," Resources Policy, Elsevier, vol. 78(C).
    17. Ziegler, Friederike & Hornborg, Sara, 2014. "Stock size matters more than vessel size: The fuel efficiency of Swedish demersal trawl fisheries 2002–2010," Marine Policy, Elsevier, vol. 44(C), pages 72-81.

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