Russia is revamping its fishing fleet
Russia needs a new fishing fleet in order to increase the presence of its seafood industry in the global market, admitted one of the officials.
Ilya Shestakov, chairman of Russia’s Federal Agency for Fisheries, declared for Seafood Source magazine that its country needs to expand total cath and seafood production and is depending on that by the fishing fleet dimension and condition.
Most of the vessels are more than 25 years old and the fleet needs new ships in order to achieve the new fishing quotas.
"The fleet is increasingly becoming a bottleneck to the industry’s development", mentioned Shestakov. New quotas are used by Moscow government as incentives for investors who are expanding their processing capabilities but the lack of performance in fishing operations is a real impediment for the industry.
Last year, Russia has reported a total catch of 4.9 million tons of fish, its biggest in the last 20 years. 2.1 million tons were exported, an increase of 16% compared to 2016. 2,000 fishing vessels are registered in Russia but most of them were built more than 25 years ago. In fact, the average fishing vessel in Russia’s commercial fleet is 30 years old, according to the Russian Federal Agency for Fisheries.
For the next years, Russia is planning an increase of quotas for the companies that are willing to invest in processing capabilities but, nevertheless, the measure must be accompanied by investments in the fleet as the catch volume tends to be larger.
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