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ECONOMIC IMPACT DERELICT FISHING GEAR
ET Prime Special Series: Multibagger or IBC - Part 76: Exports are 30%, one customer is 28%, and EV story is still at the starting lineSeventy-six weeks,76 auto ancillary companies. This week, we turn to another legacy supplier that has spent decades building precision-manu...- What America’s $100 billion Venezuela oil investment could mean for climate change, oil spills and vulnerable communitiesA significant United States investment in Venezuela's oil sector raises environmental concerns. Increased oil production could worsen exist...
- In 2008, Virginia began paying fishermen to pull ‘ghost traps’ from Chesapeake Bay; six years of cleanup helped unlock an estimated $21 million in extra crab catchesVirginia's six-year program removed thousands of lost crab pots from Chesapeake Bay. This cleanup effort generated an estimated $21.3 milli...
- Canadian researchers turn fish bones and guts into eco-friendly, biodegradable plastic: ‘All you need is 1 gram of fish oil…’Who knew that fish heads and bones (and guts) have more use than being mere cat food? A group of researchers in Canada has found a techniqu...
- Florida was throwing away damaged metal signposts. In 2026, they are being turned into underwater habitatsIn Florida counties, discarded road signposts are being creatively repurposed into underwater habitats. These metal structures are transfor...
- In 1985, Broward County sank a DC-4 off Fort Lauderdale in 71 feet of water; the wreck later became a monitored artificial reefIn Florida, officials purposefully submerge items like airplanes to establish artificial reefs. These underwater structures not only form n...
- US military port project in Palau revives WWII memories, stokes fearsPalau plans a significant US military port expansion next year. This project aims to berth US Navy ships and deepen the harbor. Locals worr...
- Trump the economist gets this one rightDonald Trump advocates for the world's lowest interest rates, citing America's strong credit standing. However, global central banks face r...
- In 2019, Jordan sank a Lockheed L-1011 TriStar in waters up to 92 feet deep; three years later, its fuselage and wings sheltered corals, sponges, octopuses and pufferfishAn ex-airliner has been repurposed as a lively artificial reef in the Red Sea. As marine species have swiftly inhabited the sunken plane, a...
- Galapagos Islands' unique animal, plants served as basis for Charles Darwin's theory of evolution, in 2026 El Nino threatens to wipe out concentration of species not found elsewhere on EarthCharles Darwin Foundation data shows that aftermath of the 1998 El Nino — one of the most powerful and destructive cycles — only 400 of the...
- In 2020, Trump administration pushed for developing Seafood industry, California is taking steps to build kelp farm in U.S. in region known for strawberries, avocadosProposal to grow kelp off Ventura County comes as the Trump administration seeks to promote commercial aquaculture. The National Oceanic an...
- This beautiful floating flower was introduced as an ornamental plant. Now it chokes rivers, dams, and creeks across the worldNigeria is grappling with serious ecological and economic hurdles due to the spread of the invasive water hyacinth weed. This aggressive pl...
- 1978, Massachusetts developed a 127-acre reef of 2,500 concrete-filled tire bundles in Nantucket Sound; a 2019 survey found fish arrived in about 33 seconds at reefs versus nearly eight minutes over bare sandNearly fifty years ago, Massachusetts introduced tire reefs to enhance marine ecosystems. Recent research indicates that these structures n...
- In 2016, Texas built RGV Reef from 477 piles of railroad ties and concrete across 1,650 acres off South Padre Island; sonar estimated 24.4 tons of fish biomass thereA groundbreaking artificial reef off the Texas coast now sustains more than twenty-four tons of fish biomass. Constructed from discarded ra...
- Texas will pay you $100 for catching this invasive fish as officials warn anglers to ‘Keep, Cool, Call’Texas is offering anglers $100 for every invasive black carp caught and reported as part of a multi-state research effort. Anyone who belie...
- Seventy years ago, Spanish anglers welcomed an American predator into their waters for sport; today, the largemouth bass is spreading through ecosystems and threatening native wildlifeBrought to Spain in 1955 for recreational fishing, the largemouth bass has transformed into an invasive species wreaking havoc on local eco...
- In 2002, South Australia scuttled ex-HMAS Hobart in 2 minutes and 17 seconds; 18 years later, a marine survey recorded more than 50 fish species around the destroyerThe HMAS Hobart, once a formidable navy destroyer, has transformed into a vibrant artificial reef after being submerged for eighteen years....
- In 2010, Thailand lowered 25 retired battle tanks into 80 feet of water off Narathiwat; a decade later, local fishermen reported a sharp boost in catchesThailand's army sank obsolete battle tanks and railway cars into the Gulf of Thailand. This initiative aimed to create new fishing grounds ...
- In 2003, Florida's Manatee County acquired 482 acres of farmland for restoration. 5 years later, Robinson Preserve opened, and today 135 acres of coastal habitat are restored fueling $32.7 million in economic activityAt Robinson Preserve, restoration specialists designed protected water features that made it harder for larger predatory fish to reach juve...
- Rotating garbage island bigger than many countries is floating in Pacific: This 1.6 million sq km patch contains 1.8 trillion pieces of plastic & is causing serious harm to natureThe Great Pacific Garbage Patch represents a vast area of ocean pollution, containing trillions of plastic pieces and thousands of tonnes o...
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