The UN Food and Agriculture Organization (FAO) has said that estimate for direct losses in the fisheries sector in southern Asia as a result of the December 2004 tsunami is around US$520 million.

According to FAO's latest information, 111,073 fishing vessels were destroyed or damaged, with an estimated replacement cost of US$161 million; 36,235 engines were lost or damaged beyond repair, with replacement costs projected at US$73 million; 1.7 million units of fishing gear (nets, tackle, and similar equipment) were destroyed, with an estimated replacement cost of US$86 million.

Cost of repairs of other damages to the fisheries sector, such as to aquaculture operations, fishing industry infrastructure and harbors are estimated to be in excess of US$200 million.

FAO says its Regional Office for the Asia-Pacific has established a relief consortium with fisheries and aquaculture organizations in the tsunami-affected region to pool resources and provide countries with additional support.

(CRIENGLISH.com February 18, 2005)