The previous crisis, in 1993-94, which was even more serious because of the long-term collapse in prices linked to the high level of indebtedness borne by shipowners, set off a domino effect: vessels were laid up (including the newest vessels); vessels were scrapped and fishing undertakings restructured; fisheries activities collapsed in several ports; fisheries-related jobs were lost, with knock-on effects on the economies of neighbouring small regions; there were fewer staff at maritime schools and fewer young sailors; the profession of fisherman was brought into disrepute; and management and financial structures within the fisheries sector were undermined.
La crisis precedente de los años 1993-1994, aún más grave debido al hundimiento constante de precios ligado al endeudamiento excesivo de los armadores, tuvo un efecto dominó: cese de actividad de buques (a veces, los más nuevos), desguace de buques y reestructuración de compañías navieras, hundimiento de la actividad pesquera en varios puertos, pérdida de empleos ligados a la pesca, efectos sobre la economía de pequeñas regiones próximas, descenso de efectivos en las escuelas marítimas y del número de jóvenes marinos, descrédito de la profesión de pescador y debilitamiento de las estructuras de gestión y de financiación del sector de la pesca.not-set not-set