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Over recent weeks, the Boards of Fortuna Ltd and our partners have approved the construction of a new trawler to replace the FV Capricorn in the Loligo fishery in early 2025. The vessel will be owned and operated by Fortuna Joint Venture Company - “Petrel Fishing Company Ltd”.
Construction of the vessel is commencing now at the Nodosa Shipyard in Marin, Spain. It is hoped that the vessel will be completed in late 2024, ready to commence fishing in the first Falkland Calamari season early the following year.
The vessel will be registered in the Falkland Islands and has been named “F/V Prion”.
The vessel is the second new build undertaken by Fortuna and our partners over the past 3 years and is a further substantial investment in the fishery here.
The vessel build will be funded by a combination of financial reserves and bank loans.
During the design and construction of this new vessel several aspects have been taken into account, which are focused on respect for the environment and the safety, comfort and resting time of the crew on board, as well as ensuring the quality of the final product. These mirror a number of similar items done on our previous new build, the FV Falcon, and include:
Fortuna Ltd would like to thank the Falkland Islands Department of Natural Resources, Waverley Law Ltd and the Registrar of Ships for their assistance to date and future help on this project.
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