The new Russian Pollock factory, a joint venture between The Russian Fishery Company (RFC) and the DV Invest, will net an additional 14,500 tonnes of pollock and herring quotas once it is operational. The factory, due to be built in the Nadezhdinskaya priority development territory near Vladivostok, represents an investment of $12-15 million.
The Commission responsible for selecting projects under Russia’s investment quotas scheme has approved 56 out of the 68 applications received. 33 new fishing vessels and 23 new fish processing plants are to be built under the investment quotas framework.
Faroese fisheries minister Høgni Hoydal has expressed his surprise at the turn of events that resulted in Iceland suspending access for the Faroese fleet to Icelandic waters, not least at the actions of the Icelandic authorities. He has protested at the decision to rescind the fisheries agreement between the two nations, which he has described as unusual and illegal.
South-West FPO chief executive Jim Portus said that this year’s December Council had turned out to be one of the longer ones, resulting in a mixed bag for South-West and Channel fishermen containing both good fortune and despair.
There’s a positive vibe from Scottish government, which states that an additional £44 million worth of fishing opportunities will be available to the Scottish fishing industry in the wake of this year’s December Council, part of an overall £44 million package that includes the outcomes of deals with the Faroes and Norway.
It all kicks off once again today as ministers responsible for fishing in their respective countries come together in Brussels to thrash out how the cake gets to be divided, accompanied by spin-doctors, advisers, specialists and lobbyists, while the industry waits for the results.
The European Commission has announced its proposals for North Sea and Atlantic fisheries for 2018, in advance of the December Council, with a mixed bag consisting of proposals for increases to some quotas, others unchanged and some cut back.
The Faroese Ministry of Fisheries is preparing a series of quota auctions that start this week, with herring, blue whiting and mackerel quotas offered for sale to the highest bidder, as well as groundfish quotas in both Russian and Norwegian zones of the Barents Sea.
With the fishing industry in Russia going through reform and modernisation, the fleet being renewed long with port infrastructure and logistics, supply and the balance of imports and exports is set to change, according to the head of Russia’s Federal Agency for Fisheries, Deputy Minister of Agriculture Ilya Shestakov.
According to the Norwegian Institute of Marine Research, advice for next year's quota for cod, haddock and whiting in the North Sea is for an increase.
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