I don't have a presentation, Mr. Chairman, but it was short notice. I happened to be fishing, and today is the day I'm not out, so I came in to take in the meetings.
Seals were a concern, but stability is a big thing. I operate a fishing vessel of 64 feet 11 inches, which is as long as I can go. It was built 25 years ago, actually in Nova Scotia, and it's the sister ship of a line of ships that had stability tests done, but my particular vessel didn't have one. I got a letter about three months ago from Transport Canada advising me that I had to have a stability booklet for my boat within one year.
There's a snowball effect. Somebody in power makes a rule, but this has a snowball effect, in that I've checked around with the architects and am told that for all the vessels in Newfoundland and Labrador to get the proper stability booklets would probably take five years to implement. This is something like the federal gun registration: you implement it and then it's a mess, it's chaos. Nobody has thought it out.
The other factor in it is the cost. It will cost me at least $15,000 to get a stability booklet on my boat—and that's a very conservative figure—at a time right now in the industry when I have about 25% of the income I had three to four years ago, because of a decrease in market prices, a cut in fish quotas, and the booming cost increase for fuel. I'm actually earning right now about 25% of what I earned three to four years ago, and that's a fact. To bring those costs down on your head at this time in the industry.... I know we can't ignore safety, but there's no help there.
The other part of the snowballing effect is that I'll be told within one year that I have no CSI certificate; it won't be valid unless I get this booklet done. Then I'd have no valid certificate, but I have a mortgage on my boat. The condition on the mortgage on my boat is that I have to carry insurance, and the condition of my insurance is that I have to have a valid CSI certificate.
So do you understand what they're really doing? Somebody said you have to have this done, and I find out I can't get it done in five years, and then all those other things fall apart: the insurance is invalid; the mortgage will probably be recalled. So it's a snowball effect.
Stability is very important in all vessels, but we're also into a multi-species fishery. This fishing season, I'm on the fourth lot of gear that I've installed on my boat. I start sealing, and that's a type of gear you use on your boat. I'm involved in the crab fishery, so all that comes off when I start whacking crab pots on her. That's another fishery. I'm a shrimp dragger, so that crab gear comes off, and I install shrimp gear on it. Now I'm seining for mackerel, so all that is taken off for trolling on the rocks, and I'm fitted out with another lot of gear.
Quite frankly, when you're involved in so many different types of fisheries, a simple stability book put in my hand is not going to mean a lot. There's a lot more involved than some architect drawing up a stability book.
You're going to have to take a look at what fishery you're involved in, and of course that's where the size of the vessel comes in, and this is where the stability problem is, in that every boat that's being built is restricted to 64 feet 11 inches. We're reaching out, trying to make them wider and deeper, and we're compromising stability. I don't know, when you get to 64 feet 11 inches, whether you can ever get a stable boat that you're going to go 150 miles offshore with to fish shrimp. You can look at our own Canadian offshore fleets with 300-foot boats and look at the foreigners and everybody with 300 or 400 feet. We're out there fishing the same waters, in the same conditions, with a boat that's 64 feet 11 inches.
That's about all I have to say. Thank you for your time.