The fishing industry has given an enthusiastic thumbs up to a new report into the state of world fish stocks.

The paper, Rebuilding Global Fisheries, was published in academic journal Science last week and was based on studies by respected fisheries scientists Professors Boris Worm and Ray Hilborn. It hailed efforts to restore marine ecosystems and rebuild fisheries, saying that in five of 10 ecosystems monitored, exploitation rates had fallen.

Young's Seafood weclomed the report. "It represents an extremely detailed and extensive investigation and demonstrates consensus in the views of a large group of key scientists," said director of sustainability and corporate affairs James Turton.

Seafish environment chief Philip MacMullen added: "[This] is a rare example of marine ecologists working formally with fisheries management scientists, which we welcome."