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Showing posts with label gensan fishing boat. Show all posts
Showing posts with label gensan fishing boat. Show all posts

Monday, July 8, 2013

Two Boats Are Better Than One

For three consecutive months the JWDR Fishing boat, the boat where I invested my 50k, suffered major losses due to successive bad catch.

 A depressed businessman. Photo Credits

In the first month, the boat docked at Indonesia to comply with the quarterly docking requirement of their fisheries and marine bureau. They were only able to catch few tuna on their way there. The sales that it brought in was only enough to pay for the corresponding dues. Adding to that, the Indonesian Rupiah has a lower value than a Philippine peso. If I'm not mistaken, the equivalent of 1 Philippines peso was 225 Indonesian Rupiah at that time.