Deepwater Group Ltd is committed to the sustainable management of New Zealand's deepwater fisheries. Formed in September 2005, the company is an amalgamation of EEZ fisheries quota owners in New Zealand. A non-profit Organisation, Deepwater Group Ltd is working in partnership with the Ministry of Fisheries and with other interest groups to ensure New Zealand gains the maximum economic yields from New Zealand's deepwater fisheries resources managed within a long-term, sustainable framework.
Fisheries managed by Deepwater Group Ltd are those targeted commercially and usually fished at depths between 200 and 1200 metres. These include orange roughy, oreo dory, hoki, hake, ling, squid and jack mackerel.
Fishing deal with China would settle maritime dispute Philippines
A joint fishing agreement reportedly being discussed between China and the Philippines is deemed a significant step forward in the relations between the two countries after an old maritime sovereignty dispute.