Large scale renewal of Russian fishing fleet

The Russian fishing fleet faces need for renewal.  Norwegian ship technologies are both known and popular in the Russian market, opening a potential large market for Norwegian maritime industry. 

The Russian fishing industry generates an annual income of circa 15 billion Roubles for the state in the form of taxes, yet the fishing fleet is in dire need of renovation and modernization. At present, the Russian shipbuilding industry is not fully prepared to take on this task on its own. Here lies a rather serious potential for cooperation between Norway and Russia. 

Russian authorities acknowledge that substantial reforms are needed to make the process of renewal of the aging Russian fishing fleet efficient and stable. Total number of fishing ships in Russia has reduced significantly over the last 20 years. Average age of Russian fishing ships is old: more than 80% of ships were built 20-35 years ago. 

Norwegian ship technology with great reputation
A decision has been made on allocation of additional fishing quotas for companies ordering vessels in Russia (up to 20% of quotas for investment purposes). It is believed that the demand may exceed the capacity of Russian shipyards and there will be a need for foreign supply of equipment and services. 

At the moment there are several fishing vessels built at the Russian shipyards according to Norwegian ship design. And there will be more over the years. Since the Norwegian ship technologies are quite known and popular in the Russian market, there are open business opportunities for Norwegian maritime industry locally. Norwegian maritime industry can make important contributions to the development and renewal of the Russian fishing fleet, making it efficient and equipped with modern gear. 

Innovation Norway in Russia is following the developments on the Russian shipbuilding market and actively promotes Norwegian companies and technologies. We welcome you to join the major events in this field in 2019:

The exhibition-conference “Sea. Resources. Technologies” in Murmansk in March is an international specialized exhibition for shipbuilding, port equipment and fishing industry. The exhibition is traditionally held under support of the Government of the Murmansk region, and includes exhibition area and business programme.

The NEVA exhibition in Saint-Petersburg in September is an international shipping, shipbuilding, ports and offshore energy exhibition, the largest maritime forum and is an important meeting place for industry players, both foreign and domestic. Exhibition is held every second year. In 2017 Innovation Norway in Russia had 17 companies at the joint Norwegian stand: both equipment and technology providers, design bureau, producers of shipping and fishing gear.

Global Fishery Forum in Saint-Petersburg in November is the 3rd International Seafood Expo which presents novelties and modern developments from fishing, fish-breeding and processing organizations, shipbuilding enterprises, manufacturers of equipment and related materials, topical services of trade and other companies. This year, Norway was presented by a joint Norwegian stand with 12 companies organised by Innovation Norway Russia.

The Fishery Congress in Primorsky Region in October is a recognised platform which gathers together more than 500 representatives of the fishing industry from Russia and foreign countries to discuss the most topical issues of the industry.

For further information on the opportunities, please contact:

Ludmila Tolstova
Senior Adviser
Innovation Norway Russia
T: +7 495 6636839
M: +7 9060347901
ludmila.tolstova@innovationnorway.no

Photo: Knut Troim, Unsplash.com 

Posted by Innovation Norway Europe 13.03.2017, updated 19.11.2018. 

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