: Ukraine plans to offer fishing fleet for privatization

17:50 Apr. 1, 2016

Ukraine plans to offer fishing fleet for privatization

Mykolayiv trade port in southern Ukraine. (UNIAN Photo)

Since gaining independence Ukraine lost 95 per cent of its ocean-capable fleet

Ukraine plans to offer its state ocean fleet consisting of four vessels for privatization in 2017, according to the State Agency of Fisheries of Ukraine.

"In 2017, the vessels may be included in the privatization list. The feasibility of this plan is currently being discussed with the experts," - the Agency's statement reads.

Read also Ukraine's navy two years after Russia's annexation of Crimea

According to the press service, the working lifespan of the vessels will end in 2025. Ukraine could gain as much as 16 USD mln for all the ships. The Head of the Agency Yarema Kovaliv says the costs will be used to modernize the internal fleet.

In 2015, Ukrainian ocean fishing fleet generated profit of USD 700,000, for the first time since 1997.

During the last 25 years, Ukraine has lost over 220 large capacity vessels, that is 95 per cent of its ocean fleet. The largest part of it has been illegally sold to pay the fictitious arrears. Ukraine now has 11 ocean fishing vessels, only four of which are owned by the state.

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