fishing vessels News

Failure of Doubler-Plated Hull Likely Caused Sinking of Gloucester Fishing Vessel

The failure of the doubler-plated hull under the engine room likely caused the flooding and sinking of a fishing vessel near Gloucester, Massachusetts last year, according to an investigative report from the National Transportation Safety Board. The fishing vessel Grace …

Deadly Sinking of New England Fishing Vessel Prompts Call for Inspections, Locator Beacons

PORTLAND, Maine (AP) —A fishing vessel that sank in New England, resulting in the loss of all four fishermen, likely capsized because of poor drainage of seawater from the rear deck and hatches that weren’t watertight, investigators said. The National …

Insurers to Crack Down on Illegal Fishing by Denying Coverage

A coalition of insurance firms agreed on Friday to crack down on pirate fishing by banning coverage for trawlers whose illegal catches are worth at least $10 billion a year. Firms would deny insurance for vessels on a European Union …

Insurers Must Stop Insuring Illegal Fishing Vessels: UBC Research

Rogue fishing vessels are able to secure insurance even after they have been red-flagged by international watchdogs for unlawful activity, according to research published by the University of British Columbia. “Restricting access to insurance could play a major role in …