Tuna: Sapmer Invest around Rs 8-10 ?illion in Mauritius EEZ

8 years, 10 months ago - July 30, 2012
The company is investing Reunion Sapmer between Rs 8 and Rs 10 billion in tuna fishing in the Exclusive Economic Zone (EEZ) of Mauritius.

This project should enable the eventual creation of 500 direct jobs in the country. If Sapmer judge tuna stocks managed well in the Indian Ocean, the marine scientist Vassen Kauppaymuthoo is more skeptical about him.

The draft Sapmer occurs at several levels. First, work will soon begin in the port to build a processing plant with a capacity of 21,000 tons per year. This facility will produce products including Sashimi destined for foreign markets, particularly Japan. This plant will require a total investment amounted between Rs 3 and Rs 5 billion and expected to be operational during the year 2013.

The Mauritian company Sea Food Hub Ltd Group Ireland Blyth Ltd (IBL) is associated with this project. Moreover, the IBL group build and manage new cold storage at -40 ° C as Sapmer agrees to rent for several years.

Finally, Sapmer just ordered two tuna of 90 meters at a site in Vietnam, to be delivered in 2013. Three other similar vessels of 80 meters will then be ordered, also in Vietnam, and will be delivered in 2014. All these ships require an investment of Rs 5 billion and will each have a capacity of 6,000 tonnes of tuna per year.

The five tuna will be attached to Port Louis and then sail under the flag of Mauritius. According to Nicolas Von Mally, Minister of Fisheries, this will help the economy of the port whether in fuel, food or other maintenance services. Moreover, the sector will be invigorated by the Seafood raw material input according Yannick Lauri, CEO Sapmer.

If the latter and the Minister of Fisheries are reassuring about the sustainability of tuna in the Indian Ocean, everyone is not of that opinion "Tuna resources of the Indian Ocean are best managed world respecting the ecosystem. Moreover, if we are using up too our resources, we are losing markets, including Europe, where this issue is an important criterion, "says Lauri Yannick one hand.

"To USD 6,000 (about Rs 186,300), we obtain a fishing license where the amount of tuna be beaten is almost unlimited. Tuna stocks in the Indian Ocean are subject to significant stress. Indeed, as the tuna resources in other oceans are being plundered, there is a risk of environmental disasters on the Indian Ocean Tuna. The IOTC (Indian Ocean Tuna Commission) that manages the inventory and fix the quota does not include representatives familiar with the problem and gives an impression that the stocks are good, "complains a Vassen Kauppaymuthoo other hand, marine scientist.

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