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.
Edellinen vuosien 1993–1994 kriisi, joka oli vieläkin vakavampi, koska hinnat laskivat pysyvästi ja varustamot olivat velkaisia, aiheutti ns. dominoefektin: (joskus aivan uusien) alusten toiminnan loppuminen, alusten romutus ja varustamojen rakenneuudistukset, kalastustoiminnan hiipuminen useissa satamissa, kalastusalan työpaikkojen katoaminen ja sen vaikutukset pienten lähialueiden talouteen, merenkulkualan oppilaitosten oppilasmäärien ja nuorten merenkulkijoiden määrän romahdus, kalastusammattien joutuminen epäsuosioon, kalastusalan hallinto- ja rahoitusrakenteiden heikentyminen.not-set not-set