Illegal, Unreported and Unregulated (IUU) fishing is a global concern that threatens the long-term health of our oceans, worsens the impact of overfishing on critical marine ecosystems and costs the global economy up to $23.5 billion per year, which represents up to 26 million tonnes, or one in every five fish caught. This environmental crime steals income and resources from developing nations, disrupts attempts at sustainable fisheries management, devalues the catch of honest fisherman and results in the critical endangerment of fish stocks. The FAO reported in 2012 that 17% of the world’s population rely on fish as their primary protein source.
Publicly available vessel tracking sources alone will not allow authorities to detect, identify and track vessels engaged in IUU fishing. Our technical solution fuses and correlates multiple data sources and presents the output for validation by expert analysts in order to allow governments around the world to safeguard these critical marine ecosystems from the threat of illegal fishing, and provides the seafood industry with the mechanism to assure the compliance of its supply chain.