Fishing firm I&J, the fishing business belonging to AVI Limited, largely improved the group's results in the first half of 2016 financial year, aided by the weaker rand and lower fuel costs.
The interim results of the first semester of current fiscal year (July-December 2015) show that this segment experienced improved catch rates compared to the second half of the previous financial year.
But even when capture rates improved in comparison with those from the six previous months, particularly in the case of freezer vessels, on average, they were lower than those from the first half last year.
However, as the two new vessels were commissioned during the semester, the increase in fishing c...
Fishing deal with China would settle maritime dispute Philippines
A joint fishing agreement reportedly being discussed between China and the Philippines is deemed a significant step forward in the relations between the two countries after an old maritime sovereignty dispute.