Trawlers docked at Lerwick port, Shetland. (Photo: FIS)
Post Brexit fishing policy does not seem to stop fishing investments
UNITED KINGDOM
Friday, May 25, 2018, 02:40 (GMT + 9)
Despite uncertainty over post-Brexit fishing policy and a squeezed pelagic market major investments are being carried out in new infrastructure in Lerwick, Shetland.
These investments were announced by Lerwick Port Authority chief executive Sandra Laurenson, who pointed out they are evidence that there is a positive future for the fishing industry, The Shetland Times reported.
“The latest investment by the industry and the Port Authority will help sustain and develop the Shetland sector’s future, harbour activity and the strength of the Shetland economy,” she stressed.
In addition, she highlighted that the port authority will again have a stand at the Skipper Expo International conference in Aberdeen starting on May 25
Laurenson pointed out multi-million investments that, she says, show there is confidence in the whitefish and pelagic sectors.
An important development is the new whitefish market to be built next to Mair's Quay, opened at the end of last year.
The construction, which has started this month with an investment of GBP 7.6 million, will double the capacity to 1600 square metres. It is expected the new building should be finished in early-2020.
In addition, the Port Authority announced investment of around GBP 150 million in five new Shetland pelagic vessels during 2018/19.
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