Thumbnail Image

Techno-economic feasibility study for fish smoking enterprise fisheries development project, Hurghada Red Sea Governorate







Also available in:
No results found.

Related items

Showing items related by metadata.

  • Thumbnail Image
    Document
    Feasibility study for fisheries development project in Hurghada, Red Sea Governorate, Arab Republic of Egypt 1981
    Also available in:
    No results found.

    As part fulfillment of the objectives of the UNDP/FAO project for development of fisheries in areas of the Red Sea and Gulf of Aden (RAB/77/008), the project is to identify and prepare economic and investment-oriented studies through the formulation of several feasibility studies aiming at development and modernisation of fisheries in the participating countries, of which the Arab Republic of Egypt is a member. In this context a technical and economic feasibility study is prepared to develop the activities of the already existing Fish Wealth Development Project in Hurghada, Red Sea Governorate. The study deals with the optimum utilization of the assets of the liquidated Southern Fisheries Company (currently the assets are being employed as a fish production unit by the Red Sea Governorate under the name Project for development of Fish Wealth in Hurghada), and the expansion by adding new fishing units and some necessary and vital shore facilities to develop productive, servicing and mar keting activities. To this effect a project complete with economic and financial analysis and evaluation has been prepared.
  • Thumbnail Image
    Book (stand-alone)
    Operationalization of fish auction market feasibility study 2011
    Also available in:
    No results found.

    With an EEZ of 1.9 km2, the Government of Mauritius envisions the land based oceanic industries as a strategy for extracting more value from the ocean to spearhead sustainable economic growth. Development of the seafood hub, the marine fisheries and aquaculture are the landmarks of the aforesaid strategy. In 2007 the Ministry of Fisheries and Rodrigues (MOFR) has precipitated the development of an electronic fish auction market at Fort William without any feasibility study and/or a business mode l. Actually construction works are completed and installation of electro-mechanical and refrigeration equipment is underway at a total cost of Rs 35 million. An additional capital investment of about Rs 15 million would be required for the acquisition of an electronic fish auction system and associated equipment to enable the operationalization of the facility. The parent Ministry reckons that it is not within its prerogative to be directly involved in the operationalization of the fish auction market on account the commercial / business orientation of the latter. It intends to procure a private operator-cum-investor to operationalize the facility through a Public-Private Partnership model. The present study has been commissioned by the MOFR to perform a techno-economic appraisal of the project in view to chart out appropriate operationalization strategies for the project. The fish auction at Fort William is designed to deal in fresh / chilled fish harvested by the domestic fisheries b ut an in- depth supply analysis has concluded that this is not feasible for various reasons. All the same, the facility is not adequately located and equipped to auction frozen by-catch of foreign tuna long line vessels which is available in sufficiently large quantities at the fishing port. Therefore the project is techno-economically unsustainable unless it is overhauled. According to the By-catch regulation 2004, all licensed foreign tuna long line vessels have an obligation to land their by- catch at the Agricultural Marketing Board (AMB) Cold Storage Facility at the fish docks while non-licensed visiting vessels have no obligation whatsoever unless the market conditions are attractive. The total annual supply of frozen by-catch in Mauritius estimated between 4000 and 9000 metric tonnes. To take advantage the market opportunities, the business model of fish auction facility to be adjusted to frozen by-catch trade and in this process the 300 tonne AMB cold storage facility at the fis h docks of Fanfaron will have to be amalgamated with the FAM. The refrigeration system installed at the FAM will be operated as an Ice-flakes Production Unit on a commercial basis. It will cater for effective demand of ice-flakes arising from the artisanal and semi-industrial (chilled) fisheries as well as fish marketing structures in its surrounding. However the administrative centre including the electronic backbone of the auction system will stay at Fort William. S.W.O.T analysis of the proje ct has concluded on two critical points which are: -The frozen by-catch is a secured business under the By-catch Regulations and the Licensing Policies of foreign tuna long line vessels. Government commitment to this project is a key determinant for the success of the project. -The major weakness of the project is the lack of local expertise and familiarity in electronic fish auction that can be obviously compensated by a proven foreign operator –cum-investor through a suitable PPP model or a st rategic alliance by means of a Joint Venture. investment The feasibility study of the FAM is prepared in a conservative approach. The total Public Investment is re- adjusted at Rs 25 million to reflect its actual market value. Additional Private Investment is estimated at Rs 15 million. The opportunity cost of long term public borrowings is taken at 6%, which is slightly higher than current financial market rates and that of the private project loans, at 10%. A weighted mean discounting factor o f 7.75 % is used to examine the Net Present Value (NPV), Internal Rate of Return (IRR) and Break-Even (B/E) points of the project. The life cycle of the project is assumed at 15 years. Supply of by-catch supply for the first year of operation is projected at 1500 metric tonnes with and increment of 10% per year for the consecutive years. The mean market price of by-catch fish species is taken at prevailing international ex-vessel price including a price inflation rate of 5% per annum. Auction fe e is projected at 10 % of the primary sale price. The Ice-flakes Production Unit (IPU) will operate at 50% of its installed capacity which is minimal.
  • Thumbnail Image
    Book (series)
    Regional Training Workshop on Improved Fish Smoking Using The Thyarore System. Tanzania
    GCP/RAF/466/EC SmartFish Project
    2013
    Also available in:
    No results found.

    The Indian Ocean Commission through the SmartFish programme, in collaboration with the Food and Agriculture Organization of the United Nations (FAO), is implementing a regional fisheries strategy programme aimed at improving the sustainable regional supply of fish and fishery products. The programme has five different result areas, the fifth one being food security, which primarily focuses on the implementation of activities geared at reducing post-harvest fish losses that occur in small-scale f isheries. Regarding post-harvest fish loss reduction, the approach of SmartFish is to build on what has already been done in the region. More specifically, to build the capacity of various key institutions in the region in terms of a systematic application of fish loss assessment methodologies in small-scale fisheries as a precondition for rational intervention, and indeed to find practical ways to reduce such losses. In line with the above, the Fisheries Education and Training Agency (FETA), in collaboration with FAO-SmartFish, organized a regional training workshop on improved fish smoking using the Thyarore system, which was held in Mwanza, Tanzania, from 04 – 08 November 2013. Seventeen participants from Kenya, Burundi, Rwanda, United Republic of Tanzania, and Uganda took part in the training. Participants were Fisheries Officers from the respective countries. The competency-based training programme had two main learning outcomes: participants are able to design and construct a Thy arore system oven/kiln; participants are able to smoke fish using the Thyarore system. The training was conducted by experienced experts from FETA and Senegal who employed a variety of hands-on type training methods and practical sessions. The pre- and post-evaluation suggested that the teaching-learning process was appreciated. Likewise, the participants’ perception of the training was generally high and observations from the post training evaluation indicated that many are now planning to intr oduce FAO-Thyarore Technology systems in their respective countries.

Users also downloaded

Showing related downloaded files

No results found.