Tag: Transferable Quota (ITQ

• Friday, December 6th 2019 - 09:40 UTC

  Falklands' fishing companies question government's decision to increase toothfish and calamari fishery fees

  

  Falkland Islands fishing company representatives led by Stuart Wallace of Fortuna Ltd condemned the 50% rise in toothfish and calamari fishery fees at the Fisheries Committee meeting.

• Thursday, November 28th 2019 - 09:46 UTC

  Falklands government and fishing companies contrast over ITQ fees

  

  The announcement by the Falkland Islands Executive Council referred to ITQ fees, particularly toothfish and calamari, which would represent an annual £3.9 million additional income for government coffers, was contrasted by a release from the Falklands' seafood sector pointing out that “to increase quota access fees paid by local fishing companies by 50% will increase costs to the industry by £4 million per annum”

• Thursday, November 28th 2019 - 09:46 UTC

  The contrasting position, “Government strip an additional £4 million per annum from the Falklands' Seafood Sector”

  

  The decision of the recent meeting of Executive Council attended by MLA Elsby, Bragger and Edwards, to increase quota access fees paid by local fishing companies by 50% will increase costs to the industry by £4 Million per annum. The hike is targeted at the Loligo and toothfish quota holders.

• Saturday, November 16th 2019 - 08:34 UTC

  First Falklands' fishing company signs the 51% Joint Venture shareholding under the new ITQ criteria

  

  Ahead of the Falkland Islands Government Executive Committee decision recently setting out new criteria for Individual Transferable Quota (ITQ) extensions from 2021 to 2046 Beauchene Fishing Co Ltd and Copemar S.A signed a new Joint Venture agreement to commence from 2021.