Comparison of Accounting Profit Between Offshore and Deep-sea Commercial Fishing Industry in Pahang State, East Coast of Peninsular Malaysia

Abstract

Marine capture fisheries in Malaysia plays prominent role in economic growth and commercial fisheries makes great contribution to country’s economy. The commercial fishing industry in East Coast of Peninsular Malaysia are mainly operated by trawlers and purse seines which rises a major concern in managing and achieving the goal of sustainable fishery. This study aimed to account the differences of accounting profit level in commercial fishing industry in Pah-ang State, East Coast of Peninsular Malaysia. In this study, comparison of accounting profits using revenue and profit approach among trawl and purse seine fishery in two different zones: Zone C (offshore) and Zone C2 (deep sea) was carried out based on the intensive survey on fishing capacity and other economic factors. The survey was carried out with the commercial fishermen and total respondents of 156 fishers at landing port. The result showed that trawlers in-curred low cost yet provided higher profit than doses by purse seine. Moreover, there are more trawlers vessels operating in the Pahang state fishing ground and the open access nature of the fishery like larger profit invites more effort to use in the fishery which is leading to the over exploitation of fishery resources and threatening the sustainable condition of the fishery. The findings of the research inform the possible impact of fishing profit to overcapacity in sustainable fishery management in Pahang State fishery.