The true cost of unsanctioned 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 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.
Using estimated volumes between 2010 and 2015, and built on the best information available, the report suggested IUU fishing was stripping between 276,000 and 338,000 tonnes from the fisheries with a value of $517 million to $740 million.