China's Pingtan Adds Six Vessels for Tuna Longlining and Squid Jigging in Central and Western Pacific
SEAFOODNEWS.COM [SeafoodNews.com] - June 30, 2015 -
Pingtan Marne Enterprises has acquired four tuna longliners and two squid jiggers.
The acquisition includes fishing licenses that comprise the predominant portion of the total asset value. Accordng to the Western and Central Pacific Fisheries Commission these fishing vessels are fully licensed in the Western and Central Pacific Ocean.
The transaction not only expands the company's fleet but also, importantly, diversifies its asset base in the face of the moratorium by the Indonesian government prohibiting Pingtangs existing 117 licensed vessels from operating in Indonesian waters.
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