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Home Companies

NovaNam invests N$320m in deep-sea trawlers

by editor
December 3, 2021
in Companies
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NovaNam has acquired two brand new deep-sea trawlers at a cost of N$320 million, with the purpose of feeding its value-addition factory in Luderitz, where 1500 of its processing staff pack for the globally renowned seafood brand of Pescanova.

The investment is part of NovaNam’s strategic investment plan, where NovaNam committed to a fleet investment programme of N$480 million between 2019 and 2021, committing to build three brand new vessels.

The MFVs “NOVANAM ONE” and “NOVANAM TWO” are the second and third brand-new deep-sea fishing trawlers to be inaugurated in Luderitz since independence.

The first vessel, MFV “LALANDII 1” came on line in 2020.

NovaNam has continuously invested capital on an annual basis to increase its value-adding capabilities and to ensure sustainable employment for its 2300 staff members.

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