- In recent years, examples of forced labor on industrial fishing vessels have commanded headlines in prominent media outlets. Yet ship owners are rarely held to account, often because it’s hard to identify who they are.
- A new report from the Financial Transparency Coalition (FTC), a consortium of international NGOs, examined cases of reported forced labor on 475 fishing vessels since 2010.
- The authors could only identify the legal owners (often a company) of about half the vessels, and could only identify the beneficial owners (the people who ultimately keep the profits) of about one-fifth of the vessels.
- Of the accused vessels for which it could identify legal owners, half are owned by Asian companies, and nearly one-quarter are owned by European companies.
In recent years, labor issues on industrial fishing vessels have received increased attention, commanding headlines in prominent media outlets. Terrible working and living conditions — even forced labor — are…