Video – Ematum’s fleet fully functional by August, as 15 boats finish adjustments to international standards of tuna fishing

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Video – Ematum’s fleet fully functional by August, as 15 boats finish adjustments to international standards of tuna fishing

2:29 CAT | 19 May 2016

The entire Mozambican Tuna Company (Ematum) fishing fleet will be fully functional within three months, Chairman of the Board of Directors António de Rosário told the parliamentary hearing on public debt.

Currently only nine of the 24 vessels are fishing fin territorial waters while the remaining 15 vessels are being adjusted to international standards of tuna fishing.

Contrary to rumours, Rosário said, Ematum was functioning as a business, and had been exporting fish to Europe and Chinese as well as returning part of the catch for domestic consumption.

Meanwhile, the company has presented before the government its need for funds to underwrite day-to-day operating costs, due to cash deficit, Rosário said.

Ematum was incorporated in August 2013 with IGEPE, EMOPESCA and GIPS as founding shareholders. Based on a sovereign guarantee it contracted debts of US$800 million dollars for the purchase of fishing boats and fisheries protection equipment.

The Chairman of the Board of Directors of Ematum spoke to the press outside the parliamentary hearing to the Minister of Economy and Finance on public debt.