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- Roughly 2,600 vesselsChina has the world's largest distant-water fishing fleet, with roughly 2,600 vessels, which is three times larger than the fleets of the next top four countries combined1. The Chinese distant water fleet is enormous even compared to that of wealthy nations like the US2. The fleet is characterized by fragmentation and subsidies, with 70% of the fleet privately owned by small- to medium-sized companies and the industry receiving fuel subsidies, tax exemptions, ship construction incentives, and low-interest loans amounting to $16.5 billion per year3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The Chinese government says it has roughly 2,600 distant-water fishing vessels, which, according to a recent report by the Stimson Center, a security research group, makes it three times larger than the fleets of the next top four countries—Taiwan, Japan, South Korea, and Spain—combined.www.theoutlawocean.com/reporting/subsidizing-chi…
China's 'dark' fishing fleets are plundering the world's oceans
- China a fisheries superpower China's distant water fleet is enormous even compared to that of wealthy nations like the US. ...
www.abc.net.au/news/2020-12-19/how-china-is-plu…The Chinese DWF fleet is characterized by three key features:
- Fragmentation: 70% is privately owned by small- to medium-sized companies (Mallory, 2013).
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