Feasibility Analysis Study of Boat Lift Net Business at Nusantara Sibolga Fishing Port, North Sumatera

Abstract

This study aims to analyze the feasibility of boat lift net business operating in the Sibolga Nusantara Fisheries Port (PPN), both from financial and non-financial aspects. The fishing business, especially the boat lift net fishing gear, is one of the important sectors in supporting the economy of coastal communities in the city of Sibolga. The method used in this study is the survey and observation method. The data collected includes investment costs, operational costs, income, and technical factors that affect business activities. Technical factors influencing the lift net fishing effort include vessel condition, fishing gear, lighting use, supporting technology, fisherman skills, environmental conditions, harvest handling systems, and maintenance. Each of these factors is interrelated in determining the efficiency, productivity, and sustainability of the fishing effort. Business feasibility is analyzed through several financial indicators such as Net Present Value (NPV), Benefit Cost Ratio (BCR), Financial Rate of Return (FRR), Payback Period of Capital (PPC). The results of the study indicate that the boat lift net business in PPN Sibolga is feasible to run based on indicator values that meet the investment feasibility criteria. In addition, social aspects such as the availability of labor, fishermen's experience, and port infrastructure support also support the sustainability of this business. Thus, the development of boat lift net business in PPN Sibolga has good prospects and can continue to be developed to improve the welfare of fishermen and support national marine food security.