Productivity and feasibility of handline tuna business based at the Integrated Marine and Fisheries Center in Morotai Island

• Published in: Aquaculture, Aquarium, Conservation & Legislation Vol. 16; no. 2; pp. 899 - 908
• Main Authors: Taeran, Imran, Abdullatif, Zauzah, Marsaoli, Muhajir K, Harahap, Zulhan A
• Format: Journal Article
• Language: English
• Published: Cluj-Napoca Bioflux SRL 30.04.2023
• Subjects: Commercial fishing; Costs; Discount rates; Feasibility studies; Fish; Fisheries; Fishers; Fishing; Fishing equipment; Fishing gear; Fishing industry; Fishing lines; Interest rates; Internal rate of return; Marine fish; Marine fishes; Mathematical analysis; Net present value; Payback periods; Production costs; Productivity; Statistical analysis; Statistical methods; Sustainable fisheries; Tuna; Indonesia
• ISSN: 1844-8143; 1844-9166

Tuna hand line is a fishing gear used by fishermen to catch tuna on Morotai Island, Indonesia. So far, there is little scientific information related to the performance of the tuna hand line business. This study aims to analyze the productivity and feasibility of the hand line tuna business based in Morotai Island's Integrated Marine and Fisheries Center (IMFC). The research was conducted on Morotai Island, North Maluku Province, Indonesia, from April to September 2022. Data on tuna production, number of units and trips for fishing in the 2015-2021 period were obtained through reports from the Department of Marine Affairs and Fisheries of Morotai Island Regency. Data related to business feasibility were obtained through interviews with hand line tuna fishermen. Analysis of production and productivity data was carried out by using descriptive statistics. Business feasibility analysis was carried out by calculating net present value (NPV), internal rate of return (IRR), benefit cost ratio (B/C ratio), and payback period (PP). The productivity of hand line tuna in the 2015-2021 period had an increasing trend, from 85 kg per trip in 2015 to 250 kg per trip in 2021. Productivity based on the number of tuna fishing units ranged from 1.82-3.42 tons per unit per day, yearly. Tuna hand line business required an investment of 3057 USD. The total cost of production was 9752 USD per year, the total revenue was 12,90 USD, so the net benefit achieved was 2538 USD. The investment criteria calculated were NPV>0, which was 9739 USD, an IRR > deposit interest rate is 77%, B/C ratio >1 is 4.19, R/C>1 is 1.25, and PP is 0.5 years.