Fishing industry in Denmark for mackerel fish is also the same on one vessel. Additional sprat quota/sandeel quota may be purchased for Baltic Sea sprat and Norway pout fishing. The type of vessels forming the fishing fleets are; trawlers, gill netters and poundnets (50% in this category but with capacity of less than 5GT mostly gill netter); trawlers and purse seiners of 150 GT. A substantial part of the fleet operate under depths of 24 m. After a few prosperous years for Denmark's fishing industry, figures for 2012 were not so good with profits falling to some DKK 600 million from DKK 900 million
Individual fishing quota the increase in landings value, the number of quota holders has declined by 44%, as consolidation and quota pricing has served to prevent new entrants. Not all fisheries have thrived under ITQs, in some cases experiencing reduced or static biomass levels, because of factors such as: The Magnuson-Stevens Fishery Conservation and Management Act defines individual transferable quotas (ITQs) as permits to harvest specific quantities of fish of a particular species. Fisheries scientists decide the maximum annual harvest in a certain fishery, accounting for carrying capacity, re-generation rates and future values. This amount is called the total allowable catch (TAC). Under