Analysis of purse seine fisheries business feasibility in coastal fishing port Pondok Dadap, Sendang Biru, East Java, Indonesia

A purse seine is a fishing tool made of nets which are operated by
circling the hordes of fish to a bowl-shaped tool at the end of the fishing
process and is commonly used to catch pelagic fish by fishermen at UPT
PPP Pondokdadap. The purpose of this study was to determine the
technical aspects and income of the purse seine vessels in Sendang Biru
village and to analyze the feasibility of the purse seine fishery business
in the Sendang Biru village. This research was conducted from May to
June 2020 at UPT PPP Pondokdadap, Sendang Biru hamlet, Malang
Regency. The research sample was taken by purposive sampling and
the data used were primary and secondary data. Data analysis using
descriptive analysis and business financial analysis. The results of the
calculation of the business analysis and investment on the purse seine
ship found a profit of IDR 1 394 798 872, R/C of 43, PP of 13 months,
ROI of 92, NPV of IDR 90 337 780 072, IRR of 633.8 %, and Net B/C
is 61. The results show that the purse seine fishery business meets the
requirements and is still feasible to be implemented.