Since then, the corporation has grown to become one of the largest fishing companies in the country, employing thousands of local fishermen and contributing significantly to the national economy.

Expansion and Growth

Over the years, the CNFC has expanded its operations to become a major player in the Guinean fishing industry. The corporation has invested heavily in modernizing its fleet and equipment, allowing it to increase its catches and improve the quality of its products.

The port is expected to increase fishing capacity and provide better working conditions for fishermen. The fishing industry in the Philippines is a significant contributor to the country’s economy, with a total value of PHP 1.1 trillion (approximately USD 22 billion) in 2020. The industry is also a major source of employment, with over 300,000 people working in the sector. The Philippines is one of the world’s leading producers of tuna, with the majority of its production coming from the western coast of the country. The country’s fishing industry is characterized by a mix of small-scale and large-scale fishing operations. Small-scale fishing operations are often family-based and are typically found in the coastal areas of the country. These operations are usually small in scale and focus on catching a variety of fish species, including sardines, anchovies, and mackerel.