Fishing

Fisheries

Investment Opportunities

Marshall Islands is located in the highly productive western and central Pacific Ocean, the largest tuna fishery in the world with current annual catches exceeding 1.5 million metric ton.

Its Exclusive Economic Zone (EEZ) of over 822,000 square miles has a large supply of high-grade tuna, including skipjack, yellow fin, big eye and albacore. Its strategic location has made the country an important hub for fishing operations such as transshipment, refueling and re-supply by fishing vessels.

Its pristine lagoons make it ideal for fish farming for export to close-by markets like Hawaii.

The following are investment opportunities:

  • Fishing
  • Cold storage & refrigeration facilities
  • Fish processing & canning
  • Service center, providing vessel & net repair, refueling, wholesale & retail
  • Fishing vessels
  • Fish farming

Marshall Islands is an active member of the:

  • Parties to the Nauru Agreement (PNA);
  • Pacific Islands Forum Fisheries Agency; and
  • Western & Central Pacific Fisheries Commission

Majuro has the necessary infrastructure and facilities for fishing activities, including:

  • A deep-water harbor with container handling facilities,
  • A fish based complex equipped with bulk icing facility,
  • A 10 million liter bulk fuel storage bunker facility,
  • Regular international shipping service, and
  • An international airport with regular direct flights to Guam & Honolulu

Current investors include:

  • Luen Thai Fishing Venture, a subsidiary of Luen Thai International Group of Hong Kong
  • Koo’s Fishing Company of Taiwan
  • Shanghai Deep Sea Fisheries Co Ltd of Shanghai, China parent company on Pan Pacific Foods – exports 2,000 metric tons of semi processed fish per year since 2008
  • Hukilau Foods of Honolulu, a subsidiary of Kauai’s Grove Farm Co.
  • Diamond Head Seafood Company of Hawaii