Russia's Quota Incentive Program Does Not Spur Crab Producers to Place Domestic Shipbuilding Orders
SEAFOODNEWS.COM by Eugene Gerden - February 20, 2017
Leading Russian crab producers have failed to reach an agreement with the domestic shipbuilders, regarding the placement of orders for new crab vessels, which is required by the recently amended Russian legislation in the field of fish and seafood production, according to recent statements of an official spokesman of Russian Rosrybolovstvo.
The recent decision of the Russian government to include crabs in the "under keel" quota program (which involves placement of orders for the building of fishing trawlers at domestic shipyards in exchange of quotas’ provision) became a big surprise for domestic crab producers, which have been forced to start talks with domestic shipbuilders, regarding with the building of ships at their capacities, amid the prospects of inevitable tighthening of competition in the sector...
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