Capture Fisheries Business Analysis of Boat Seine “Payang” Fishing Fleet at Palabuhanratu Nusantara Fishing Port, Indonesia

The boat seine fishing fleet, or payang, is a fishing business unit found in many Indonesian fishing ports, including Palabuhanratu Nusantara Fisheries Port in Sukabumi. Payang is a small-scale fishing fleet with a shipload dimension of no more than five gross tons (GT). As one of the largest fishing fleets, the payang fleet's capture fisheries business unit has a direct impact on the local economy and the sustainability of natural resources. Over the last 10 years, the dynamics of the payang fisheries business have been increasingly unstable, as indicated by a 21.4% decline in the number of active payang fleets. This decline is suspected to result from the financial failure of the payang fleet capture fisheries business to respond to the revenue dynamics of each fishing season. This study analyzed the dynamics of the payang fleet capture fisheries business in 2024, covering all fishing seasons that year, including the peak, medium, and lean seasons. The amount of gross revenue is calculated from the productivity of the catch and the selling value of each catch commodity obtained in each fishing season. The total cost of the payang fleet business is calculated based on the fixed cost component for purchasing investment goods and their maintenance, as well as operational costs for sea supplies. The analysis results show that the average monthly profit income of the payang fleet is IDR 3,677,115/month in the lean season to IDR 16,178,954/month in the peak season for the ship owner; IDR 2,298,197/month in the lean season to IDR 10,111,846/month in the peak season for the ship captain; and IDR 1,608,738/month in the lean season to IDR 7,078,292/month in the peak season for the ship crew. The analysis results show that the average monthly net income for each capture fisheries business actor varies by season. During the lean season, financial pressure can be felt as relatively high, with low income values, especially for the captain and crew. Therefore, financial managerial capabilities for each payang fleet business actor are essential to avoid losses or financial pressure during the lean fishing season.