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Massive investment in floating stock to increase NovaNam’s white fish capacity

Massive investment in floating stock to increase NovaNam’s white fish capacity

One of Namibia’s largest fishing companies this week received the Minister of Fisheries as guest at the headquarters of its parent in Spain, to spill the good news in person that starting 2018, construction will start on three brand new trawlers.

NovaNam, the white fish operator based in both Lüderitz and Walvis Bay, told the minister it is their intention to invest N$480 million in three purpose-built new trawlers, each spanning 50 metres from bow to stern. The minister was the special guest at a meeting attended by the chairman, board members and management of NovaNam’s parent company, Nueva Pescanova, by the NovaNam Chief Executive, Mr Miguel Angel Tordesillas and by the Namibian Ambassador to Spain and France, HE Nangula Ithete.

A prototype of the vessels was on display for the minister to view with the Nueva Pescanova chairman confirming that construction of the first unit will start in January next year. The first vessels is expected to be commissioned into the NovaNam fleet by July 2019, followed by number two and three not later than the middle of 2020.

All three vessels will be based in Lüderitz complementing NovaNam’s existing fleet and substantially boosting the white fish operator’s catch capacity and effort.

NovaNam said in a statement released after the meeting with the minister that its operations in Lüderitz, where its largest land-based facility is situated, employs 1800 people making it the biggest employer in the southern harbour town. Another 300 people work for NovaNam in Walvis Bay.


Picture from the left: Mr David Troncoso, the Global CEO Area Fishing of Nueva Pescanova, Mr Ignacio Gonzalez, the Chief Executive of Nueva Pescanova, Hon Bernhard Esau, the Minister of Fisheries & Marine Resources, Her Excellency Nangula Ithete, the Namibian Ambassador to Spain and France, Mr Angel Tordesillas, the Chief Executive of NovaNam, and Mr Jacobo Gonzalez-Robatto, the Chairman of the Nueva Pescanova board.


 

 

About The Author

Daniel Steinmann

Brief CV of Daniel Steinmann. Born 24 February 1961, Johannesburg. Educated at the University of Pretoria: BA, BA(hons), BD. Postgraduate degrees are in Philosophy and Divinity. Editor of the Namibia Economist since 1991. Daniel Steinmann has steered the Economist as editor for the past 29 years. The newspaper started as a monthly free-sheet, then moved to a weekly paper edition (1996 to 2016), and on 01 December 2016 to a daily digital newspaper at https://economist.com.na. His editorial focus is on economic analysis based on budget analysis, dissecting strategic planning and assessing the impact of policy formulation. For eight years, he hosted a weekly talk-show on NBC Radio, explaining complex economic concepts to a lay audience in a relaxed, conversational manner. He was a founding member of the Editors' Forum of Namibia. Over the years, he has mentored scores of journalism students as interns and as young professional journalists. He often assists economics students, both graduate and post-graduate, to prepare for examinations and moderator reviews. He is the Namibian respondent for the World Economic Survey conducted every quarter for the Ifo Center for Business Cycle Analysis and Surveys at the University of Munich in Germany. He is frequently consulted by NGOs and international analysts on local economic trends and developments. Send comments to [email protected]