Fishing in Pacific tuna fisheries has been condemned. Photo / iStock
The true cost of dodgy fishing in Pacific tuna fisheries - potentially stretching over $600 million - has been condemned as "larceny on the high seas".
The figure has been revealed in a new 100-page report, prepared by marine consultant company MRAG Asia Pacific for a Pacific economic forum.

It is the first ever attempt to quantify the volume and value of illegal, unreported and unregulated (IUU) fishing in Pacific tuna fisheries.

IUU is a broad definition that covers vessels fishing in state jurisdictions without permission, misreporting or not reporting harvest volumes, or flouting conservation and management measures put in place for certain areas.