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) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
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