The lack of financial resources and access to credit from private institutions is creating a serious challenge

Only 50% of Deep-Sea Shrimp Boats Expected to Sail in Northern Sinaloa Due to Lack of Funds

MEXICO
Tuesday, September 10, 2024, 00:10 (GMT + 9)

Los Mochis, Sin.- A lack of financial resources has halted the preparations and provisioning of larger vessels at the port of Topolobampo. Many boat owners are waiting for authorities to announce the dates for lifting the shrimp fishing ban for the upcoming season to begin their work, Carlos Sotelo Monge told the local news outlet Los Noticieristas.

The president of the Federation of Deep-Sea Fishing Cooperatives of the Port of Topolobampo explained that, at this point, there is still no clear plan for getting their vessels ready for the next shrimp season. The financial situation remains dire for this sector in northern Sinaloa.

“We haven't seen any significant progress in preparing the boats or getting them ready for the start of the season. I feel that it could take another 20 days or so to determine how many vessels will be in a condition to go out to fish,” Sotelo Monge stated.

Given this scenario, Sotelo Monge estimates that less than 50% of deep-sea shrimp boats will be able to operate this coming season. The lack of financial resources and access to credit from private institutions is creating a serious challenge for many in the industry.

“Even if the opening date is announced, the boats that are ready will have to make do with the same nets and whatever repairs can be made. The financial situation is bleak and challenging,” he added.

Sotelo Monge emphasized that preparation work at the dock is currently stalled, and much depends on the announcement of the ban lift dates. They are also aware that the current shrimp sizes are not yet competitive for the market, and it may be October before they are able to set sail.

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