Russian Federal Fisheries Agency: crab quotas to be accompanied by investment obligations

Crab quotas will be accompanied by investment obligations, IAA PortNews correspondent cites Ilya Shestakov, head of Rosrybolovstvo (Russian Federal Fisheries Agency), as saying at the keel-laying ceremony held by Severnaya Verf shipyard for the longline factory ship of Project МТ 1112XL.

According to him, those provides with quotas will have to build a ship within a four-year period.

If a company rejects a laid down vessel it will have to pay a fine making 15% to 20% of the ship cost.