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Pacific Andes reports $20m loss on ‘fleet’ operations

Gross loss in 'fleet' operations caused by low processing volumes for its mothership Lafayette in the North Atlantic Ocean

By Undercurrent News | Nov. 26, 2012 14:22 GMT
Peru fuels controversy as Pacific Andes' factory-ship transships in South Pacific
The Lafayette mothership, owned by Pacific Andes subsidiary China Fishery
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A lack of raw material for its processing mothership, Lafayette, caused a gross loss of $22.6 million for the China Fishery fleet operations of Pacific Andes, the company said in its 2012 results. [...]

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