21/09/2026
A summary of what Dr Kevern Cochrane's international review actually found.
Duration drives investment. Fishing rights of sufficient duration are essential for giving right holders the confidence to invest in vessels, processing facilities, staff and the long-term sustainability of the fishery. This pattern holds across very different countries, fisheries, regulatory environments and political systems.
Duration is not a substitute for good management. The review is clear on this. Secure tenure has to operate alongside strong science-based stock assessments, effective regulation and transparent governance. Where any of those are missing, no amount of rights security will produce a well-managed fishery.
Governments may legitimately want flexibility. The review acknowledges that governments may want to retain flexibility to pursue social, political or economic objectives through fisheries allocation. In such cases, any planned transitions and the criteria for renewal should be clearly articulated and transparently applied, so that right holders and the financial institutions that lend to them can plan accordingly.
Duration matters most in capital-intensive fisheries. In mature, well-regulated fisheries where substantial investment in vessels and processing is required for participation, the duration and security of rights can play an important role in supporting investment, employment, product quality, SMME development and stewardship of the resource.
That is the international evidence. The review presents it without advocating a single position.
Download the full report at https://f.mtr.cool/i3yb1v1vv5