On October 2017, Admiralteiskie Verfi and Russian Fishery Company signed contracts for construction of six trawlers of Project СТ-192

Russian Fishery Company achieves quota increase thanks to investment projects

RUSSIAN FEDERATION
Thursday, July 11, 2019, 23:00 (GMT + 9)

Russian Fishery Company (RFC) will be awarded new quotas for pollock, herring, cod and haddock as a result of a recent the auction in the frame of state program of investment quotas, thanks to its investments in new vessels and a plant.

RFC plans to construct four fishing vessels for the Far Eastern Fishery Basin and a coastal plant in the Northern Fisheries Basin.

New vessels will be built at the Admiralty shipyards (St. Petersburg), where today a series of six vessels for the RFC is under construction. Each of the vessels is designed to catch and process more than 50 thousand tons of fish per year. The first of the Russian super trawlers will be commissioned in 2021.

The company informed that its quota for pollock and herring will be increased by more than 80,000 tons when the vessels are constructed. And with the commissioning of the plant, the catch quota for cod and haddock will be increased by 1,000 tons.

“The results of the auction open up opportunities for expanding the RFC investment program, which is being actively implemented today,” commented RFC CEO Fedor Kirsanov.

“We have already made significant progress in the construction of a series of six super trawlers, as well as two fish processing plants, quotas for which were fixed in the previous rounds of the investment quota program,” he added.

“Today we can confidently talk about the effectiveness of the mechanism of investment quotas, thanks to which domestic shipbuilding is being revived, the construction of onshore processing facilities is being updated, the fishing fleet that has been waiting for this for several decades is being updated.”

 

New vessels will be built at the Admiralty shipyards (St. Petersburg), where a series of six vessels for the RFC is currently under construction. Each of the vessels is designed to catch and process more than 50,000 tons of fish per year. The first of the Russian super trawlers will be commissioned in 2021.

Construction of a cod and haddock processing plant with a design capacity of at least 25 tons of products per day is planned in Murmansk, where today RFC together with Agama Group is building the “Russian Cod” enterprise with a capacity of over 50 tons per day.


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