The Falkland Islands will add to its registered fleet a state of the art trawler which should be operational by 2021 belonging to a local joint venture company, Petrel Fishing Company Ltd. In early 2019, the Board of Fortuna Ltd approved the construction of a new trawler to join their current fleet of five trawlers. The vessel will be owned and operated by Fortuna Joint Venture Company - “Petrel Fishing Company Ltd”.