The fishing grounds are shifting northward as water temperatures rise, forcing crews to retool their boats and rework their businesses. This WSJ article says:

“Aboard the Stanley K and the Oracle, two 58-foot vessels, Buck Laukitis and his crews chase halibut across the Bering Sea worth $5 a pound at the docks. As sea temperatures rise, and Arctic ice retreats the fish appear to be avoiding warming waters, migrating northward where they cost more to reach, federal fisheries biologists say. Twice this past fall, the Oracle sailed 800 miles north from the seaport of Dutch Harbor in the Aleutian Islands, before finding the halibut that a decade ago lived several hundred miles closer to home. Each voyage took twice as long and yielded half as many fish. “It keeps me up at night,” he says. “I woke up at three in the morning. I couldn’t sleep thinking about where the fish are going.”

Across the continent from Mr. Laukitis in Rhode Island, black sea bass have moved in with the warming waters. The bulk once lived roughly 700 miles south off North Carolina. Now they are a staple catch in Point Judith, R.I., along with the summer flounder that also have begun appearing. […] The impact of climate change has a price, and for fishing-boat owners in sea ports, that means following the catch. The northward movement of fish around the world is disrupting some fishing grounds and revitalizing others — and fishing businesses are trying to adapt their operations…Higher temperatures mean less dissolved oxygen in the water while increasing a fish’s demand for oxygen by speeding up its metabolism. Warming water may also favor predators or drive off species on which commercial fish feed. All told, warming ocean temperatures are pushing hundreds of marine species outside of their traditional ranges, ocean scientists say.”

If you want to read our other published material, please visit

Note: the above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India as a provider of Portfolio Management Services. Marcellus Investment Managers is also regulated in the United States as an Investment Advisor.

Copyright © 2022 Marcellus Investment Managers Pvt Ltd, All rights reserved.

2024 © | All rights reserved.

Privacy Policy | Terms and Conditions