Managing Fishing Vessels: Uncovering the Hidden Ownership of Industrial Fleets

Managing fishing vessels goes far beyond tracking where a boat is registered. In this episode, we dive into Oceana’s Beyond the Flag report to explore how large-scale fishing vessels are often flagged in one country but owned in another, creating dangerous loopholes that allow illegal, unreported, and unregulated (IUU) fishing to thrive. This legal and beneficial ownership opacity undermines ocean governance, drains resources from coastal nations, and hides the true power behind global fishing operations.

Managing fishing vessels transparently is essential for sustainable ocean futures. We discuss why more than 6,900 industrial vessels are shrouded in secrecy, how open registries like Panama and Belize fuel the problem, and what can be done to hold owners accountable. With solutions ranging from public vessel ownership databases to policy reform, this episode highlights how better transparency could transform fisheries management worldwide.

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