Auckland, New Zealand-based seafood firm Sealord has received a brand new state-of-the-art fishing vessel that, when it goes into service, will be the largest fishing vessel in the country.
Sealord paid NZD 70 million (USD 47.3 million, EUR 40.6 million) for the 81.75-meter-long vessel, which it has named the Tokatu. It is designed to fish all species and has onboard processing capacity.
“This significant investment by Sealord demonstrates our shareholders’ long-term commitment to the business,” Sealord CEO Steve Yung said. “Equipped with energy production equipment to allow electricity to drive the vessel at times, additional fuel saving technology, and the new Precision Seafood Harvesting technology, it also showcases our dedication to sustainability and innovation.”
The Tokatu, which arrived at its home port of Nelson, New Zealand on 15 June, is the first fishing vessel to be added to the country’s deepwater fleet in more than 20 years. It was built for Sealord by Simek shipyard in Flekkefjord, Norway, over the past 16 months.
“The board and Sealord senior management are focused on continuing to develop Sealord as a progressive, forward-looking fishing company,” Sealord Board Chair Whaimutu Dewes said in a press release. “This new vessel enables us to improve our operational efficiencies, continue to lead sustainable fishing practices, and provide consistent world-class products for our customers.”
Tokatu is currently undergoing final testing in Nelson and will set out on a four-week fishing trip off the West Coast of the South Island, according to Sealord.
Seafood New Zealand Chief Executive Tim Pankhurst said Sealord’s achievement in investing in its fleet should be celebrated.
“This is the biggest investment in a vessel New Zealand has seen,” he said. “Our overall fleet is ageing and Tokatu represents a new chapter, and a significant vote of confidence in the seafood industry.”
