Guest blogger Bill Fox is Vice President of Fisheries for the World Wildlife Fund and serves as Vice Chair of the ISSF Board of Directors. His co-author, Dale Squires, is a member of the ISSF Scientific Advisory Committee. Squires is a senior scientist and economist for the National Marine Fisheries Service* and is an Adjunct Professor of Economics at the University of California San Diego.
Excessive growth in fishing capacity is one of the most significant causes of overfishing and the ultimate depletion of fish stocks. This happens eventually in every open access fishery due to the simple dynamics described in Garrett Hardin’s treatise Tragedy of the Commons.[1] But even worse, excess fishing capacity is the major block to reducing overfishing and recovering depleted stocks.
In the case of tuna, large-scale purse seine vessels are responsible for at least 65% of the world’s tuna catch. But they have the capacity to catch a lot more. The full annual capacity of these vessels is around 4 million tons. That’s nearly the same amount of tuna harvested in a given year by all vessels, utilizing all fishing gears, combined. Right now, there are very few national or international measures that limit new tuna purse seine vessel construction.
In a recent peer-reviewed study of fishing capacity for tuna, Aranda et al (2012)[2] concluded that, “Overcapacity is a major threat to the sustainability of tuna resources.” And while Regional Fishery Management Organizations (RFMOs) have begun to address the problem, management measures have not led to a reduction. For example, the Inter-American Tropical Tuna Commission (IATTC) has a purse seine capacity target of 158,000 cubic meters and a resolution aimed at controlling capacity but the current level is near 220,000 cubic meters with some member states clamoring for even more.
The first step to reducing excess capacity – no matter how it’s done – is to limit capacity, preventing additional vessels from entering already over-crowded fisheries. The Bellagio Framework, created with the input of world experts, highlights the necessity of capping the current number of vessels and discouraging the addition of new ones. The report noted, “Urgent action is required. Simply put, the global growth in fishing capacity must be curtailed and fleets reduced. The time is ripe to address these problems and their root causes.”
In theResolution by ISSF to Limit the Growth in Fishing Capacity of the Global Large-Scale Tropical Tuna Purse Seine Fleet, industry is urged to support only those vessels that are on the water by the end of this year unless they are replacing existing capacity that is taken completely out of service (there’s an exception for vessels that have been contracted to be built by the same deadline). It’s not a perfect measure, as those who oppose this necessary step in achieving tuna sustainability are sure to point out, but it’s a great step in the right direction and certainly far more than any other organization – governmental or non-governmental – has been able to achieve for the global tuna fishery.
This measure guarantees that companies with at least 75% of the world’s tuna processing capacity will significantly reduce the demand for incremental, new vessels by simply refusing to buy tuna caught by them. By the end of this year, there will be far less of an incentive to build new large-scale purse seiners without retiring existing ones, keeping in mind that these vessels are huge investments, costing tens of millions of dollars. That would be a lot of money to risk knowing the potential market has shrunk by at least 75%.
Limiting demand is something industry can, and should, do. But this action alone will not solve overcapacity issues in one clean sweep. In 2003, our late colleague, Dr. James Joseph, wrote of the “need to address the issues related to common property resources and property-rights based management, the allocation of catches and fleet capacities among participants, the rights of access on the high seas, the authority for regional tuna organizations to deal with some of these matters.”
That is precisely what needs to happen next. Once capacity is limited, nations must work toward fairly allocating rights to existing capacity. Now that the progressive members of the tuna industry are clearly committed to leading the way in the right direction, it’s time for governments to do their part.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
(seafood.vasep.com.vn) As part of Vietfish 2026, the International Seafood Hosted Buyer Program has been designed as a dedicated B2B matchmaking initiative for selected international buyers. The program provides opportunities to meet directly with Vietnamese seafood companies, gain market insights, and experience Vietnam's seafood supply chain firsthand.
(seafood.vasep.com.vn) A Story from Cà Mau’s Coast It’s 5 AM in Cà Mau. Minh, a third-generation fisherman, is ready to set sail. But unlike his father and grandfather, his boat no longer runs on an old diesel engine that burns fuel and clouds the sky with smoke. Instead, it’s powered by a hybrid engine that saves 40% fuel—funded by an ESG program from a major seafood exporter.
(seafood.vasep.com.vn) Vietnam's pangasius industry is shifting its focus from increasing production volume to enhancing value-added products in order to meet the increasingly stringent requirements of export markets. In An Giang Province—the country's leading hub for pangasius farming and processing—businesses and farmers are prioritizing product quality, traceability, food safety, and sustainable development rather than expanding output.
(seafood.vasep.com.vn) Following strong growth in 2025, Vietnam’s tuna exports to Sweden continued to edge higher during the first five months of 2026. However, the picture is far from straightforward. Orders have fluctuated significantly from month to month, indicating that this market remains cautious, with purchasing decisions closely tied to actual demand and the import cycles of Nordic distributors rather than to a steady upward trend.
(seafood.vasep.com.vn) China’s shrimp imports in the first five months of 2026 continued to surpass the same period in 2025, indicating that demand in the world’s largest seafood-consuming market remains strong. However, behind the growth figures lies an increasingly competitive landscape: Ecuador dominates the competitively priced whiteleg shrimp segment, India remains the second-largest supplier, while Vietnam stands out in the lobster segment but still needs to strengthen its advantages through quality, traceability, and reliable supply.
(seafood.vasep.com.vn) Lobster exports to China continued to surge in the first half of this year, putting the lobster industry on the verge of reaching an export value exceeding $1 billion.
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