Somalia Fishing

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Capture fisheries- is fish caught naturally from the wild either in ocean or inland rivers and lakes..

Aqaualculture -is basically fish farming

Based on tables since 1990s wild caught fish has stayed about the same while farmed fish has almost jumped 4x to meet world demand.
 
Sharing this to show that countries getting rich off fishing just aren't going out and catching fish. When comparing somalis potential to other countries need to consider that they have advanced farms where they control temp, feed, oxygen,medicine ... to grow seafood at highest margins possible.
 
Capturing fish is more cheaper and better
It's healthier for sure. Definitely not cheaper you can get a lot more money for wild caught then farm raised. This is reflected in grocery stores look at difference between wild vs farmed salmon price. The issue with wild caught is the world supply is almost maxed as you can see from chart and table above caught levels same since 90s. To meet world demand and not have fish go extinct farmed is a must as shown by explosive growth

Farmed is not as good as wild caught but you can still get quality farmed fish just need to ensure its not from dirty hazardous farm in 3rd world country for example place like thailand are known to cut corners and have lax regulation.
 
The attempts to quantify the fisheries resources in Somali waters, principally by the cruises of the PRV Dr. Fridijof Nansen during 1975-76 has produced the following estimates of potential:

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Large pelagic species include mainly yellowfin tuna (Thunnus albacares), bigeye tuna (T. obesus), longtail tuna (T. tonggol), bonito (Sarda orientalis), skipjack tuna (Katsuwonus pelamis), and Spanish mackerel (Scomberomorus commerson); the seasonal variations in abundance are considerable, confirming the oceanic migratory pattern of these species (FAO. 2005).
 
Small pelagic Species occurring along the Somali coast are, in the main, sardines, round, scad, anchovies, and small mackerel and herring type fish. These are largely restricted to shallow water, and their movements depend very much upon water temperature and currents. The most abundant species are the sardines, and they are found more along the Northeast coast (Indian Ocean) than the North coast.
 
Demersal fish species exploited in Somali waters comprise several hundred species, with the greatest concentrations in the coral reef region from Adale to the Kenyan border. The main commercial species groups include scavengers (Lethrinidae), groupers (Serranidae), snappers (Lutjanidae), grunts (Pomadasyidae), and seabreams (Nemipteridae), lizard fishes (Synodontidae), and goatfishes (Mullidae) (FAO. 2005).
 
The principal shark species groups are hammerheads (Sphyrnidae), grey sharks (Carcharhnidae), mako shark (Lamnidae), houndsharks (Triakidae) and dogfish (Squalidae). They are highly migratory and their migration patterns in the region are unknown (FAO. 2005).
 
Shellfish and other invertebrates Commercially important species include the rock lobster and the deep-sea spiny lobster. The former is found in shallow water along the entire east coast while the later is encountered at depths of about 200/300 m along the Northeast coast of Somalia.
 
Overall good variety of fish that can be sold for decent margins. Some of the most prized fish like blue fin tuna and salmon and crabs aren't found in our warmer waters.
 
Even when there was government somalia used to do join ventures with foreign companies. It was bit more organized back then with regards to ensuring good size of the crews were somali and ensuring they received training

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Many experts have either questioned or altogether dismissed the illegality of foreign fishing during this era on the grounds that Somalia had not declared its EEZ.37 Although it signed and ratified the United Nations Convention on the Law of the Sea (UNCLOS) in 1982 and 1989 respectively, it was not until June 2014 that Somalia officially proclaimed its EEZ in accordance with the maritime zones recognized under UNCLOS. It has been reported that between 800 and 1,000 vessels were actively engaged in IUU fishing operations in the Somali EEZ at any given time during the 1990s and 2000s, costing the country more than $300 million each year in lost revenue from stolen fish.38 More recently, the foreign catch was estimated to be in the region of 132,000 tons in 2013, accounting for 56 percent of total catches taken in Somalia's EEZ.39
 

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