Far East | Industry, manufacturing

Far East’s new $4bn+ fishing fleet aired

12 May '09
To develop Russia’s Far Eastern fishing fleet the area needs 562 new ships of various types, said Andrei Krainiy, head of Russia’s Rosrybolovstvo fishing management agency, in his speech in Komsomolsk-on-Amur, Khabarovsk Region.

He estimated a new 11-year ship-building capex program to be worth more than $4bn.

According to Mr. Krainiy, construction of large ships with the refrigerator capacity of up to 150 tons of fish a year is a priority.

The investment program has been reportedly adopted within the framework of a larger one aimed at placing new construction orders with Russian shipyards rather than foreign ones.
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Tags: investment (576) / Rosrybolovstvo (3) / Andrei Krainiy (1) / fishing fleet (0) /

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