Russian Crab Company hits 79% of quotas by Q3Ultimat is one of the Russian Crab Company’s vessels that has been recently modernised. Photo: Russian Crab Company

By the end of third quarter 2020 the Russian Crab Company Group had utilised 79% of its crab quota in the Far Eastern region. The company’s catch amounted to 10,435 tonnes of crab, accounting 20% of the overall regional crab catch.

The Russian Crab Company Group currently occupies a leading position within Far Eastern region’s crab fisheries. The company holds 21% of the total King crab quotas for the region.

Following modernisation of its vessels, productivity has increased. Sartang was among the top three vessels in terms of daily catches, including one 32-tonne day. Ultimat 1 was refitted and modernised during the summer, and delivered 76.5 tonnes of high-quality Kamchatka crab. Previously its capacity was 50 tonnes.

The company reports that demand and prices for premium Russian seafood have substantially recovered. In the second half of the year, importers from Japan resumed active purchases of cooked and frozen products. Previously, supplies to Japan had been at a minimal level due to pandemic restrictions. To date, the share of exports of cooked and frozen production to Japan has grown to 16% of the total volume.

As part of the investment programme, the company continues to build a new fleet

In September, the central block of the lead vessel in the series of new crab catchers was completed at the Onega Shipbuilding and Ship Repair yard.

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