Fishing News Articles

OVERHAUL OF DIESEL REFUND SYSTEM ~ FISHING INDUSTRY NEWS (MARCH 2020)

OVERVIEW On 31 January and 4 February 2020, the South African Revenue Service (SARS) published for comment a draft rule and schedule which bring about substantial amendments to the diesel refund system (DRS). Comments on such draft were due on 16 March 2020 and various industry stakeholders have submitted comments. Over the last at least […]

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KNOW YOUR COVER – HULL INSURANCE ~ FISHING INDUSTRY NEWS (MAY 2020)

INTRODUCTION The nature of fishing vessels and their operations gives rise to a wide variety of risks and exposes the vessel and those that run the vessel to a number of different types of losses. Marine hull insurance being one of the oldest types of insurance has the purpose of limiting such risks and such

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BCP HORSE MACKEREL REVIEW – JAN 2020

On the 8th of November 2019, three of South Africa’s largest fishing companies Blue Continent Products (Pty) Limited (BCP/Oceana), Seaharvest Corporation Limited and Irvin & Johnson Limited launched a ground-breaking High Court review application in the Western Cape High Court. They are challenging the Minister of Environment, Forestry and Fisheries appeal decision in the Horse Mackerel Sector taken on 24 May 2019.

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HAKE INSHORE TRAWL ALLOCATIONS – FISHING INDUSTRY NEWS (MAR 2019)

THE NEVER ENDING STORY – HAKE INSHORE TRAWL ALLOCATIONS   Growing up one would often wonder when the “Rocky” movies would come to an end or whether they would somehow manage to squeeze out another sequel.  The FRAP 2015/16 Hake Inshore Trawl (HIT) allocations appear to be no different. With the launch of the latest

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