Marine Link
Wednesday, September 28, 2016

Russia Sells Off Archangel Trawler Fleet

February 3, 2014

North Sea Fishing Trawler: Photo Wiki CCL

North Sea Fishing Trawler: Photo Wiki CCL

Dmitry Medvedev, Prime Minister of the Russian Federation has approved the sale of 100% of the shares of OAO Archangel Trawler Fleet, reports Russia's 'Arctic-Info'.

Citing the Federal Agency for State Property Management, Arctic-Info reports that Archangel Trawler Fleet was owned by the state, and was sold to private company Wirma, which is one of the largest fishing enterprises in the North-Western Federal District.

During public auction, Wirma offered to buy the trawler fleet at 2.2 billion rubles instead of the initial amount of 1.82 billion.

The Archangel trawler fleet is the oldest fleet in northern Russia, founded in 1920. The main activity of the company is fishing in the Barents Sea and the waters of the Atlantic Ocean, as well as primary processing of products. Archangel Trawler Fleet has 21 fishing boats, as well as infrastructure on the Arctic coast.

Source: Arctic-Info
 

 



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News