The story begins
Consolidated Fisheries Limited is set up by a consortium of local fishing companies to explore the nascent Patagonian Toothfish fishery. The Falkland Islands Fisheries Department (FIFD) sees the opportunity for a 2-vessel fishery, awarding both licenses to CFL and thus establishing the very first locally owned, managed and operated fishing company
To begin with CFL is operating with Chilean chartered vessels but decides in 1997 to purchase its first longliner – the first 100% Falkland-owned fishing vessel – the CFL Pioneer.
We purchase our second longliner, the CFL Valiant, to join the CFL Pioneer.
The company becomes a founding member of COLTO – the Coalition of Legal Toothfish Operators – an industry-led organisation to combat illegal, unreported and unregulated (IUU) fishing, helping ensure the long-term sustainability of toothfish resources globally.
The CFL Pioneer is sold and the CFL Gambler is bought to become CFL’s flagship vessel.
We enter into a joint venture with a Chilean company to establish a local shipping company, South American Atlantic Services Ltd (SAAS) offering a regular commercial containerisation service to the Islands. In 2010, CFL welcomes new partners in the operation, expanding the range of services to its customers.
An Individual Transferable Quota system is introduced awarding CFL the full toothfish quota in the Falklands for 25 years.
Initially the toothfish quota is set at 1,200 metric tonnes and CFL reduces its fleet to a single vessel, the CFL Gambler, selling the CFL Valiant. Since then, the quota has been reduced to 1,040 metric tonnes which is currently all caught by the CFL Hunter.
Fully funded by CFL, the toothfish fishery becomes the first Falkland Island fishery to be certified by the Marine Stewardship Council (MSC), a non-profit organisation that sets standards for sustainable fishing, which is then renewed in 2018.
The company’s new longliner, the CFL Hunter, built by Nodosa Shipyard, is launched in Marin, Spain in July 2016, replacing the CFL Gambler the following year.
A Falklands First
The construction of the vessel marked a major milestone in the history of CFL and the Falkland Islands as the CFL Hunter is the first vessel ever built solely with Falkland Islands’ capital.