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.
Den tidigare krisen under 1993–1994, som var ännu allvarligare till följd av det varaktiga kursfallet med anledning av rederiernas skuldsättning, hade en dominoeffekt: krisen ledde till uppläggning av fartyg (ibland de nyaste), skrotning av fartyg och omstrukturering av rederier, fiskeriverksamhetens kollapsande i flera hamnar, förlorade arbetsplatser inom fisket och följderna därav på ekonomin i närbelägna små regioner, minskat antal studerande i utbildningsanstalter inom sjöfartssektorn och minskat antal unga sjömän, misskrediterande av fiskaryrket, försvagade förvaltningsstrukturer och mindre finansiering till fiskesektorn.not-set not-set