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Dongwon Group Vice Chairman Kim Nam-jung, second from left, poses with Dongwon Industries CEO Lee Myoung-woo, third from left, and officers

Dongwon launches new tuna fishing vessel 'Jubilee'

Click on the flag for more information about South Korea SOUTH KOREA
Tuesday, July 16, 2019, 18:00 (GMT + 9)

Dongwon Industries, the country's largest deep-sea fishing company, has launched today its latest purse seiner, Jubilee, to modernize its increasingly aging fleet.

The 2,200-ton vessel, launched to coincide with and celebrate the company's 50th founding anniversary, will carry a crew of 30 and fish for tuna in the South Pacific for a year.

Dongwon PR video

Since July 2014, Dongwon has added four new purse seiners in order to bolster its fishing operations.

Korea's declining fishing capacity mainly to its aging vessels and that Dongwon has been taking the lead in modernizing its deep-sea fishing fleet.

The latest ship is equipped with state-of-the-art equipment such as rapid cooling facilities, the company said.

Dongwon tuna purseiner

Dongwon Industries was established in April 1969 as a Korea-based company engaged in the provision of marine products. The Company operates its business through three main divisions: fisheries division, logistics division and other business division. Its fisheries division catches and distributes tunas and other marine products. Its logistics division is engaged in the provision of processing, transportation and distribution of marine products. Its other business division engages in the rental business.

(Top) Dongwon CS Northeast Asia Cold-Storage Logistics Leading Company | (below) Dongwon LOEX is the world's largest cold storage capable of storing a maximum of 61,000 tons and handling a maximum of 3,000 tons of logistics per day.

Dongwon CS transports 80,000 tons of frozen marine products to major ports around the world.

As a hub of Northeast Asian forward logistics base connected to Korea as well as Japan, China, and Russia, it leads in supplying fresh marine products, stabilizing prices, and improving the distribution structure. Of the stored goods, 70% are import cargoes exported from the United States and Russia to Japan and the EU.

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