Russia will be able to renew the fleet by 80% thanks to the investment quota program
Fish Oil
Fishmeal
Russia
Published Jul 12, 2022
Tridge summary
Vessels under construction are ready to release on board the entire product line, from fillets to fishmeal and fish oil. The Russian fishing fleet will be updated by 80% in the main basins through the implementation of the investment quota program. This was announced by the head of the Federal Agency for Fishery Ilya Shestakov during the ceremony of raising the Russian flag on fishing vessels.
Original content
Vessels under construction are ready to produce on board the entire product line, from fillets to fishmeal and fish oil. The Russian fishing fleet will be updated by 80% in the main basins through the implementation of the investment quota program. This was announced by the head of the Federal Agency for Fishery Ilya Shestakov during the ceremony of raising the Russian flag on fishing vessels. “Thanks to the program, we will be able to upgrade the capacity of our main basins by 80% and will have the most modern fleet in terms of global industry,” he said. Shestakov noted that a total of 105 modern high-tech fishing vessels will be built under the "quota in exchange for investment" program. Nine such vessels have already been handed over to fishermen, and another 14 are expected to be handed over this year. “Next year, we expect 38 more vessels to join the fishing fleet, and the rest not later than 2025. Thanks to this program and the fact that 21 fish processing plants have been ...
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