A Grandi fleet investment Published: 01 July, 2014
THE Icelandic fishing company HB Grandi said today it is planning a 14-billion kroner (ISK) £72.5-million sterling investment in five new trawlers to update its ageing fleet.
The company currently has two new pelagic vessels under construction at the Celiktrans Denis Insaat yard at Tuzla in Turkey, and the announcement was made last week that the company had started negotiations with the same yard for construction of three new fresher trawlers.
This brings the investment in the companys fleet to approximately ISK 14 billion, of which roughly a half is accounted for by the two pelagic vessels.
Those who have kept a close eye on the Icelandic fishing industry will be aware that the fleet is an elderly one and the average vessel age is now just under 30 years.
Although there was a real will to invest in new capacity, the financial crisis certainly delayed this. Increased burdens placed on fishing companies, as well as uncertainty regarding the future of the fisheries management system, also accounted for a reluctance to invest in much-needed new tonnage.
HB Grandi CEO, Vilhjálmur Vilhjálmsson, said: The new fresher trawlers represent a significant step forward. He also said the company could not rely on the present fleet indefinitely which had lasted unbelievably well.
The reason they have lasted so well is that they have been looked after and properly maintained, he continued.
The new vessels will ensure improved working conditions and the design is intended to make sure that they can deliver top quality catches. Fuel consumption will also be substantially reduced and steps are being taken to minimise emissions.
Thórainn Sigurbjörnsson has been in charge of overseeing the construction of the two HB Grandi pelagic vessels in Turkey.
In addition, he has worked on behalf of Isfélagid at the same yard where the new vessel Sigurdur is being finished and will shortly be due for delivery.
14 days 1 month Tributes paid to Archie McFarlane Scottish shipyard secures £3 million aquac… Marine Harvest pulls out of Chilean operation Fishupdate Briefing Scottish mussels take starring role Scottish salmon exports rise by £60 million The fisher queen Friday 22 August 2014 prices at Peterhead Mackerel on menu as UK bids to overcome Ru… The sick fish website The not-so-wellboat Tragic haul for New Zealand trawler Quotas cut for 10 EU countries Up to 20 workers set be employed at airbas… UKs top 60 chippies named Tributes paid to Archie McFarlane Anger at sledgehammer” injunction on fishe… Scottish Government meets to discuss Russi… Ireland responds to Russian sanctions Norwegian fish farmers react to Russian sa…