Disappointment broke out in the Falkland Islands among fishing companies over the latest licensing and securities measures, the local weekly Penguin News reported Friday.

James Wallace, CEO of Fortuna Ltd. -one of the Islands’ leading companies- has been particularly critical of the timing for the announcement of measures which include a 10% increase in licenses to catch Illex squid.

The Falkland Islands Government (FIG) has also expanded the number of applicants for licenses in 2022, increased transshipment fees by 10%, and plans to charge a flat £ 1,000 application fee.

Read more:

https://en.mercopress.com/2021/10/04/differences-between-fig-and-local-businesses-emerge-over-changes-in-fisheries-policies