Kinds, ArneLazzari, NataliSkerritt, Daniel J.Ainsworth, Gillian B.Carvalho, Adriana RosaRoumbedakis, KatinaMajluf, PatriciaPalomares, Maria LourdesSumaila, Ussif RashidVillasante Larramendi, Carlos Sebastián2025-12-222025-12-222025Kinds, A., Lazzari, N., Skerritt, D. J., Ainsworth, G. B., Carvalho, A. R., Roumbedakis, K., ... & Villasante, S. (2025). Unveiling the hidden hands: Analysis of corporate ownership of industrial tuna fishing vessels in the Eastern Pacific Ocean. Marine Policy, 171, 106474.0308-597Xhttps://hdl.handle.net/10347/44636Distant-water fishing (DWF) refers to fishing operations conducted by companies in waters beyond their national exclusive economic zones (EEZs), often targeting the EEZs of other coastal states or international waters. Research on DWF typically emphasizes the flag states of vessels, rather than the nationalities of the corporations that own them, despite evidence of efforts to obscure ownership. This paper examines the corporate owners of 1648 industrial and semi-industrial tuna fishing vessels in the Eastern Pacific Ocean (EPO) using Orbis data, analyzing ownership at three levels: flag state, direct corporate owners, and ultimate corporate owners. Results show that flag state data alone understate the true fishing capacity of key DWF nations. Shifts in ownership nationality across levels are significant, notably for Taiwanese and Spanish corporations owning vessels through proxies in the Global South. These ownership shifts impact 6 % of vessels and 14 % of gross tonnage in the registered EPO tuna fleet. Furthermore, spatial analysis using Global Fishing Watch data highlights the Galapagos Islands EEZ as a critical fishing zone, frequently accessed by foreign fishing corporations through Ecuadorian intermediaries. This study underscores the need to incorporate ownership data into fisheries governance for greater transparency and accountability. The systematic collection and analysis of ownership data would allow fisheries managers to better monitor capacity, address power concentration, and promote policies that ensure fairer distribution of resources and benefits.eng© 2024 The Author(s). Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/)Attribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/Global fisheries governanceOwnership analysisTunaEquityEastern Pacific Ocean, (EPO)journal article10.1016/J.MARPOL.2024.1064741872-9460open access