Pingtan Marine Enterprise Announces China's Largest Fishery Support Vessel and 6 Squid Jigging Vessels Sailing to Sea
Pingtan Marine Enterprise Ltd. (NASDAQ: PME) announced the deployment of its largest refrigerated transport vessel, Fu Yuan Yu Yun 992, and six squid jigging vessels.
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Rhea-AI Summary
Pingtan Marine Enterprise Ltd. (NASDAQ: PME) announced the deployment of its largest refrigerated transport vessel, Fu Yuan Yu Yun 992, and six squid jigging vessels. The Fu Yuan Yu Yun 992, measuring 132.06 meters with a gross tonnage of 8374, departed Shidao Port on December 12, 2020, for international waters. The squid jigging vessels, which had undergone maintenance, left Mawei Port on December 17, 2020, to operate in the Southeast Pacific Ocean. This marks a significant operational expansion for Pingtan in ocean fishing.
Positive
- Launch of the largest fishery support vessel in China enhances operational capacity.
- Deployment of 7 vessels could increase revenue from ocean fishing activities.
Negative
- None.
Details
News Market Reaction – PME
The recorded move for PME in the trading session of this news was -6.14%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FUZHOU, China, Dec. 22, 2020 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (NASDAQ: PME) ("Pingtan" or the "Company"), today announced that the Company's rebuilt refrigerated transport vessel, Fu Yuan Yu Yun 992, and 6 large-scale squid jigging vessels set sail to sea in mid-December 2020.
The rebuilt refrigerated transport vessel, Fu Yuan Yu Yun 992, was completed in October 2020. Its vessel length is 132.06 meters and gross tonnage is 8374. It is the largest fishery support vessel in China so far as approved by the Ministry of Agriculture and Rural Affairs of the People's Republic of China. It left Shidao Port in Weihai City, Shandong Province on December 12, 2020 and will operate in the international waters.
The 6 large-scale squid jigging vessels are normally operating vessels that returned to China earlier this year from the waters of Southwest Atlantic Ocean for maintenance and repair. These vessels left the port of Mawei on December 17, 2020 and are sailing to the fishing grounds in the international waters of the Southeast Pacific Ocean for operation.
About Pingtan
Pingtan is a fishing company engaging in ocean fishing through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing.
CONTACT:
LiMing Yung (Michael)
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 87271753
michaelyung@ptmarine.net
Maggie Li
Investor Relations Manager
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
mli@ptmarine.net
INVESTOR RELATIONS
PureRock Communications Limited
PTmarine@pure-rock.com
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SOURCE Pingtan Marine Enterprise Ltd.
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