Originally Posted by
iceman
Good accurate summary Waikaka. Vessels built today according to owners of new vessels I have spoken to is that they are around 50-70% more efficient than 20 year old vessels, including huge reductions in emissions and much less cost per Value Per Unit Effort
The last 4 vessels on your list for SAN are their scampi vessels that fish parts of the year in the Southern Ocean. This is not only stupid on these vessels but also very dangerous. SAN is planning an urgent replacement of them.
The 2 above it are their toothfish vessels that are also up for replacements, at least one of them. They fish in an olympic (competitive) quota fishery in the Antarctic and are being left behind by newer and much better vessels from Norway and other countries.
But the big need for change is in the inshore fleet which is so old and outdated that it is not possible for SAN and the CEO to achieve the increased quality and freshness he is aiming for with this pathetic equipment. This is now holding back his plan called "focus on fresh", which in any case has now been held back by the huge change caused by COVID.
Another side issue is that it has become impossible for SAN to hire good young people on their vessels. That will not happen until they are more up to date with good accommodation and crew comfort and constant high speed internet connections.
The industry has seen the change this has made in both Iceland and Norway when they made a major upgrade to their fleet in the last 5-10 years, all of a sudden young people became interested to make this a career again.