Finance fishing boats

Chinese fishing fleet ‘we won’t be fooled’, says Manila defense chief

MANILA: The Philippines continued to record a spike in COVID-19 infections on Monday, with officials at a Quezon City public hospital likening the crisis to a “war zone” as health facilities across the country struggled to cope with an influx of patients. The country recorded 9,628 new infections on Monday, as the government placed its […]

Finance fishing boats

Indonesia sinks 8 Malaysian vessels for illegal fishing

Jakarta, Indonesia Indonesia sank eight Malaysian-flagged vessels this week to fish in its exclusive economic zone, authorities said on Friday. Six boats were sunk by the Belawan District Attorney’s Office in North Sumatra on March 16. “We hope this will have a deterrent effect on foreign ships,” Ikeu Bachtiar, chief prosecutor, said on Friday. Two […]

Finance fishing boats

Boat sales take off during pandemic, dealers cannot meet demand

People see yachts at the Miami International Boat Show in Miami, Florida, the United States on February 14, 2020. Marco Bello | Anadolu Agency | Getty Images Boat sales exploded last year during the coronavirus pandemic, as more Americans turned to the lifestyle of more flexible work environments that allowed people to spend more time […]

Finance fishing boats

LGUs along Samar Bay oppose entry of community fishing vessels – Manila Bulletin

Local Government Units (LGUs) along Samar Bay have issued a manifesto against Bill 7853, which will give commercial fishing vessels better access to municipal coastal waters. Photo by Edmundas Stundzius on Unsplash In the manifesto, the Alliance of Local Government Units along the Bays and Canals of Samar (ALSBACH) Inc. said it “strongly opposes” the […]

Finance fishing boats

San Miguel donates fishing boats to relocated people from Sariaya – Manila Bulletin

The San Miguel Corporation (SMC) continues to help displaced fishermen in its new sustainable and disaster-resilient community in Sariaya, Quezon maintain their livelihoods, by handing them over 36 fishing boats. The company said the donation would benefit some 69 fishermen, who lived in risk areas that will be part of SMC’s planned investment in the […]

Finance fishing boats

Kerala government to provide deep sea fishing vessels to 10 fishing companies – The New Indian Express

Through Express press service KOCHI: The state government decided to provide longliners (deep-sea fishing vessels) to 10 fishing companies. This is the first phase of a program to equip traditional fishermen with scientific fishing, said Fisheries Minister J Mercykutty Amma. Built by Cochin Shipyard, each boat will cost Rs 1.63 crore. While the Center and […]

Finance fishing boats

Sea Fox announces partnership with Northpoint Commercial Finance

Sea Fox, a manufacturer of saltwater boats, has announced an exclusive partnership with Northpoint Commercial Finance (Northpoint), a diversified finance company that provides flexible inventory lending and floor plan finance solutions. Northpoint will be the exclusive financier of the Sea Fox dealer network in the United States and Canada. With this partnership, Sea Fox seeks […]

Finance fishing boats

LandBank opens P2-B credit facility for commercial fishermen – Manila Bulletin

The Land Bank of the Philippines (LandBank) has set aside P2 billion for a new credit facility specifically for fishermen who wish to purchase commercial fishing vessels. Called LandBank Commercial Fishing Vessel Finance Program, the loan facility allows eligible borrowers willing to borrow up to 80% of the acquisition cost to purchase a new, used […]

Finance fishing boats

Chinese Coast Guard vessels enter Japanese waters near Senkakus

NAHA, Japan (Kyodo) – Two more Chinese Coast Guard vessels entered Japanese territorial waters near China’s claimed Senkaku Islands on Tuesday, prompting Tokyo to protest the repeated intrusions following the enactment by Beijing of a new law allowing the use of weapons against foreign ships. The two ships entered waters near the cluster of uninhabited […]