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The East China Sea (ECS) Large Marine Ecosystem (LME) is a globally significant fishing ground, but the absence of cooperative regional management impedes the future sustainability of ECS fisheries. To navigate around nationally focused perspectives, we provide an up to date synthesis about the socio-economic importance and status of ECS fisheries at the ecosystem level, which is currently lacking in the literature. Our review indicates that ECS LME fisheries contribute around 6 million t in catch and USD 13 billion in landed value annually, and employ up to an estimated 1.4 million, the majority of who are small-scale fishers. However, the fisheries benefits are threatened by intense fishing pressure and rapid economic development which exacerbates the effects of overfishing. The future of ECS fisheries also faces climate uncertainties, which has already been associated with shifts in species distribution and spatial distribution of fishing effort. At the LME level, political disputes that inhibit crucial multilateral fisheries management threaten the future sustainability of ECS fish stocks, and also weaken the effects of national management measures which have largely failed to address fisheries overcapacity and coastal marine degradation. Continuing on a path focussed on national interests without considering LME wide dynamics risks jeopardising the significant fisheries socio-economic and ecological benefits that accrue to all LME countries. Thus, our review emphasises the urgency for multilateral ECS fisheries management to enhance ecosystem resilience so that fisheries resources can continue to support the region's human, social, and economic well-being into the future. [ABSTRACT FROM AUTHOR]

A third of global fish stocks are overexploited and many are economically underperforming, resulting in potential unrealized net economic benefits of USD 51 to 83 billion annually. However, this aggregate view, while useful for global policy discussion, may obscure the view for those actors who engage at a regional level. Therefore, we develop a method to associate large companies with their fishing operations and evaluate the biological sustainability of these operations. We link current fish biomass levels and landings to the revenue streams of the companies under study to compute potentially unrealized fisheries revenues and profits at the level of individual firms. We illustrate our method using two case studies: anchoveta (Engraulis ringens; Engraulidae) in Peru and menhaden in the USA (Brevoortia patronus and B. tyrannus; Clupeidae). We demonstrate that both these fisheries could potentially increase their revenues compared to the current levels of exploitation. We estimate the net but unrealized fishery benefits for the companies under question. This information could be useful to investors and business owners who might want to be aware of the actual fisheries performance options of the companies they invest in. [ABSTRACT FROM AUTHOR]

• More transboundary fish stocks are expected under climate change, complicating fisheries management. • Linked game theory—ecosystem models test ecosystem-based co-management strategies. • Cooperative, ecosystem-based management of Pacific sardine improves profitability over all fisheries. • Managers must account for the key role of forage fish for ecosystems as well as other fisheries. Transboundary fish stocks complicate sustainable fishing strategies, particularly when stakeholders have diverse objectives and regulatory and governance frameworks. Pacific sardine (Sardinops sagax) in the California Current is shared by up to three fishing nations— Canada, the United States, and Mexico—and climate-driven abundance and distribution dynamics can complicate cooperative fisheries, leading to overfishing. This study builds on previous analyses by integrating ecosystem linkages into a game theory model of transboundary sardine fisheries under various climate scenarios. Cooperative fishing strategies that account for the ecosystem-wide value of sardine as forage for other species result in increased economic benefits compared to strategies that only account for the single-species value of sardine fisheries to a given fishing country. Total ecosystem landed value is maximized at a sardine fishing rate only somewhat lower than sardine F MSY , which is more precautionary but still allows the fishery to operate. Incorporating ecosystem dynamics into management-applicable models can highlight ways in which ecosystem-based fisheries management can improve both sustainability and profitability and help managers prioritize wider ecological research. Ecosystem-based management will be increasingly required to understand and adapt to the observed rapid shifts in species distributions due to climate change, and to design strategies to achieve sustainable and profitable fisheries amidst changing ecosystems. [ABSTRACT FROM AUTHOR]