10 Cast Net: Alaskan King Crab Boats

Tuesday, 2 October 2012

Alaskan King Crab Boats

The 2005 season, the Alaskan crab industry transitioned from a derby-style season to a quota system. This transition is known as rationalization. Under the old derby style, a large number of crews competed with each other to catch crab during a restrictive time window. Under the new Individual Fishing Quota (IFQ) system, established owners have been given quotas which they can fill at a more relaxed pace. In theory, it is intended to be safer, which was the main rationale for the change in the fishing rules. The transition to the quota system was also expected to increase the value of crab, by limiting the market of available crab. An influx of foreign crab negated some of these gains during the 2006 season. The rationalization process put many crews out of work as the owners of many small boats found their assigned quotas too small to meet operating expenses; during the first season run under the IFQ system, the fleet shrank from over 250 boats to around 89 mostly larger boats with high quotas.