Fishing is an extractive industry providing a major food source.
Caricom countries earn over US$300 million annually from fish and fish product exports.
Average Yearly Earnings from Selected Caribbean Countries
Bahamas: US$83 million
Surinam: US$39 million
Belize: US$28 million
Guyana: US$50 million
Jamaica: US$13 million
The Caribbean fishing industry relies heavily on boat owners who hire small crews.
Fishermen typically sell their catch locally.
Commercial fishing involves larger crews using trawlers, sometimes managed by cooperatives.
Cooperatives:
Provide a readily available market on a larger scale.
Offer loans to members for boats and equipment.
Seek reliable export markets and negotiate prices.
Some cooperatives offer pensions, sick leave, and education funds.
Continental Shelf and Shallow Banks
Many fish feed on plankton, specifically phytoplankton, which require sunlight to grow.
The best fishing grounds are in shallow waters, typically not exceeding 200 meters in depth.
Factors Influencing the Location of Fishing Industry
Coast: Proximity to the coastline is crucial for accessing fish resources.
Indented coastlines offer harbors and bays for fishing boat operations.
The development of fishing industries in the Caribbean is facilitated by coastal settlements.
Market
Fish is perishable, leading to potential wastage without readily available markets.
Domestic (Local) Market: Fishermen sell to local populations.
Commercial Market: Fishermen sell to supermarkets, restaurants, and hotels.
Cooperative Societies: Facilitate sales to foreign buyers by negotiating on behalf of fishermen. In Belize, the Cooperative Society sells to USA, Europe, and Japan.
Profits are distributed to members as a “second payment” at year-end.
Fishing Methods
Drift Nets: Vertically hung nets catch fish near the surface.
Trawling: Trawlers drag cone-shaped nets across the seabed to catch fish like cod, haddock, and hake.
Seining: Nets are floated vertically using corks to encircle schools of fish, then dragged onto boats or shore.
Lining: Long lines with up to 1000 hooks are towed, often used to catch fish near the sea floor.