Construction starts on first Russian newbuild under investment quotas plan

 01.06.2017 13:39:00

By Undercurrent News Jun 01, 2017 10:03 BST

Work has started on the first Russian newbuild to be built under the country's investment quotas program.

According to a press release from the Arkhangelsk government, a ceremony was held on May 31 (see image above) to celebrate the start of work on an 86 x 17 meter trawler for Arkhangelsk Trawl Fleet (ATF), one of Russia's largest cod and haddock fishing firms. The vessel, based on a design from Norway's Skipsteknisk, is one of four ordered by ATF (see image below).

The four vessels will be built at the Vyborg Shipyard, which is part of United Shipbuilding Corporation. Ilya Shestakov, the head of Russia's fishery agency, attended the event.

"Today we are witnessing not only the birth of a new ship, but also at the start of the program of renovation of the fishing fleet in Russia. We are proud that we do it first with Vyborg Shipyard. We liked the level of technical equipment of the shipyard, and the level of technical expertise," said Sergei Nesvetov, the executive director of ATF.The four vessels under order for ATF will have capacity to process 160 metric tons of raw materials per day. They will also have factories for fillet and headed and gutted production, as well as fish oil and canned products.

FOR Group orders

Vyborg Shipyard also announced an order for two trawlers from Atlantrybflot and LKT Company, part of FOR Group, on May 18.

The vessels will be based on a design from Skipsteknisk and intended for fishing in the Barents Sea. The first vessel will be laid in 2021, with delivery expected in 2022, due to the workload of the shipyard.

"Last year we concluded at once several contracts for construction of trawlers with the fishing companies of the north-west of Russia. Currently the committed order book is providing full workload for the enterprise for the next few years. This year we are proceeding in this direction, negotiating with other potential customers and looking for continuation of the series of vessels under the already signed contracts," said Alexander Solovyev, general director of the shipyard.

The vessels for the FOR Group companies will have a fillet factory, fishmeal plant, fish oil producing equipment and a canning plant.

Investments for quotas

Russia plans to put 20% of its total allowable catch aside for allocation to companies investing in vessels to be built in the country, as well as processing plants.

During the Brussels seafood show, held in April, Shestakov said large players, such as Russian Fishery Company, were considering investing in processing on land as well as new vessels.

Support