Russia will receive new fishing ports in exchange for crab

Published Feb 9, 2023

Tridge summary

A new decision aims to oblige crab auction winners to either order ships or develop infrastructure related to ports and railways. The required facilities include a refrigeration room for 25 thousand tons, a living water overexposure complex of at least 200 tons, and a container platform for 400 containers. The implementation of an investment project under crab quotas must commence within a year of the share agreement's conclusion. This move is anticipated to boost shipbuilding in the Far East by 2.2 times by 2035, leading to a modernized fishing fleet and the creation of more processing industries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

If the decision is adopted without changes, the winners of crab auctions will either have to order ships or create infrastructure facilities related to ports and railways. Among the technical characteristics are the presence of a refrigeration room for 25 thousand tons, a complex for overexposure of living water resources with a volume of at least 200 tons and a container platform for 400 containers. The document also stipulates the requirement to start the implementation of an investment project under crab quotas: it must begin no later than a year from the date of conclusion of the share agreement. Recall that the law on the second stage of investment quotas was signed on December 29 last year. Plans to expand the list of investment objects were already known then. ...

Source: Fishretail