A Study on the Economic Analysis of the Turkish Black Sea Purse Seiners

The purpose of this study is to assess the economic performance of the Turkish purse seiners operated in the Black Sea. Five commercial fishing vessels of different lengths and engine powers have been chosen as samples to represent the fishing pattern carried out in the region. The catch data used has been obtained from the two successive fishing periods of 2010 and 2011. Net present value (NPV) and internal rate of return (IRR) methods were used as economic evaluation criteria. According to results of economic analysis of sample fishing vessels, the fuel has been found the greatest outcome component of the net cash flows. It was seen that all sample seiners closed the both fishing seasons with profits. The results of analysis also indicated that the engine powers and the gross tonnages (GT) of the seiners have the optimum values of 3000 HP and 250 GT, respectively. It was estimated that an ordinary purse seiner is capable of catching 3080 tonnes of anchovy, averagely, per year. This amount is strikingly more than twice of what was shown in the official fishery statistics