Pingtan Marine Enterprise, based in the People’s Republic of China is deploying four tuna longline vessels to fish in international waters in the Pacific.
These four tuna longliners are licensed and sanctioned by the Chinese Fisheries Management Bureau under the Ministry of Agriculture of China to operate and fish in Pacific Ocean international waters.
Pingtan, which already operates 135 fishing vessels, including twelve in the Bay of Bengal, thirteen in Indo-Pacific waters, through its subsidiary Pingtan Fishing, is adding the four longliners to its recent venture equipping two new jigging vessels to operate on squid in the SW Atlantic and SE Pacific.
‘We continue to seek methods to utilise our assets, and we have charted global areas on the deployment of our fishing fleets since the Indonesian government moratorium occurred,’ commented Pingtan chairman and CEO Xinrong Zhuo.
‘After conducting research on the current market and cost-benefit analysis, we decided to deploy the four longline fishing vessels into the international waters of the Pacific Ocean, which would provide a new fishing area for our fleets without causing overfishing in any region. With China’s economic growth in recent years, China has become one of the major importing nations for seafood products. We expect that the deployment and operation of these vessels will enable us to harvest top quality tuna products for the domestic market.’