Globally, however evidence indicates that in many areas fishery management is failing (Cichrame, 2000). Though it has been geared toward full employment and social peace, the management of the fishery industry has not achieved this goal. According to FAO reports (2005b) the system is not operating in a sustainable and efficient manner. Over the years, however, efforts have been made to develop new technologies, which have been introduced to the industry. This has led to more fish being caught, but this has also resulted in the overexploitation of fisheries (MacLennan, 1995).