among the former Soviet-type fishery 

 cooperatives (kolkhozes). 



Another path to survival for the Baltic 

 fleets will be the joint ventures with foreign 

 fishing companies (especially in countries 

 where fishery resources are still abundant 

 within their 200-mile EEZs). Bareboat 

 leasing arrangements and charters will also 

 help to keep the Baltic fishermen employed 

 and the vessels running. It is important that 

 the fleet be occupied since its being idle in 

 ports is economically disastrous. 



The question remains: is it still possible to 

 operate the Baltic fishing fleets profitably 

 once they are streamlined and the inefficient 

 old vessels are retired? According to the 

 best available information this is still 

 possible, but the margin of managerial 

 errors and inefficiencies will be much 

 smaller. The Baltic countries realize this 

 necessity and are trying to modernize not 

 only the fishing fleets, but also the 

 infrastructure, by attracting foreign 

 investments and/or by entering into joint 

 ventures with Western fishing, fish- 

 processing, and equipment-manufacturing 

 companies. 



ENDNOTES 



1. VAO SOVRYBFLOT, Spravochnik Aktsionerov, Smeshannikh Obshchestv, Sovmestnikh Predpriiatii i 

 Zagraniclvnkli Predstavitel'stv. Moscow, 1992. 



2. Tills amount will be reduced by 50,000 t for each year of the agreement. 



3. Eurofish Report, 30 July 1992. 



4. Danish Ministry of Fisheries, Personal Communication, 26 July 1993. 



5. Radio Russia, 27 January 1992. 



6. One such exception was the training vessel, Kruzenshtem. This vessel was seized by the victorious Russian 

 Army from Nazi Germany after the end of World War II, and was used by the Soviet Ministry of Fisheries to 

 train cadets from fishery schools and the merchant marine academy. The Kn/zenshtern '.v homeport was Tallinn 

 at tlie time of the breakup of the USSR, but the Russians insisted it belonged in the Russian fleet and, in 

 December 1991, the vessel set sail for the port of Baltiisk near Kaliningrad. 



7. The reduction of vessels data are by no means complete. 

 vessels with 7,827 GRT marked to be sold in August 1993. 

 thus further lowering the country's gross tomiage. 



For instance, the Estonians had an additional 4 

 Tliey might have been decommissioned already 



