Here we are, the seasonal catch is over, Seawork is now taking time to fix some of their boats and find new strategies how to widen their target market. This is an important break for our company as we have different aspects like administration and managerial that can be modified to offer a better service.
Because of the Namibian law in regards to the protection of the Hake biomass, it is compulsory to respect this policy for the future of the fish industry. We fortunately had the opportunity to observe what happened to our competitor based in Argentina. Due to the over-exploitation of their natural resource it happened that the price of hake rose drastically resulting to an axe in their labor force. With the rise in unemployment and a decrease in the level of production, the Argentinian authorities had to impose TAC (Total Authorized Catch) to make sure that this issue will not happen again.
Have a look at this article which has already been discussed on the Seawork blog.
