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 tends to cause considerable economic harm to coastal communities that are dependent on commercial fisheries. Although IFQ management systems are designed to enhance the economic performance of the fishing industry, this usually comes at the cost of coastal communities whose economies rely principally on their fishing fleet. This cost results from the re-equilibration of the quota-regime market, revealing the inefficient over-investment that had taken place in the industry prior to implementation of the quota regime. Individual fishing quota Individual fishing quotas (IFQs) also known as "individual transferable quotas" (ITQs) are one kind of "catch share", a means by which many