Marco Fishing invests N$10m in Lüderitz

15 November 2017
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Marco Fishing (Pty) Ltd (Marco) and its partner, Mekarilakha Fishing (Pty) Ltd, are currently working on expansion plans for their Lüderitz factory at a cost of N$10 million.

Mekarilakha became a shareholder in Marco in 2016 and is a joint venture (JV) of five new right holders, as grouped together by the Ministry of Fisheries and Marine Resources

“The construction project for the factory upgrade and enlargement is well under way. Marco is also in the last phase of the construction of their new dedicated longline fishing vessel, the M.F.V. MEKA A BAY,” a statement from the company said.

“With the additional hake quota available to the company, the board made the decision to expand the factory and the Marco fleet by ordering a new hake long line vessel. This vessel is currently in the final stages of construction and should be operational in November this year. The vessel is 30 metres in overall length, eight metres wide and will be able to accommodate a 38-member crew.”

The upgrades according to the company, involve increasing the combined factory floor space, new staff facilities and ablutions, resulting in the creation of 100 new jobs.

“Marco is now in a position to exploit the fishing rights and quotas of the two companies. These include large pelagic fishing rights.”

Mekarilakha said in the same statement, that by acquiring shares in Marco, the company has made a significant investment in ownership of fishing vessels and processing facilities, creating joint control of the Lüderitz based operations, contributing to new and existing job security.

Marco Fishing has been operating in Lüderitz since 1993.

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