New Japanese Investments to Fisheries Development of the FSM

April 16, 2015 
 

TMC (Taiyo Micronesia Corporation）is a joint venture company between a Japanese fishing company, Taiyo A&F Corporation, and the NFC (National Fisheries Corporation) of the FSM.
TMC, which was established in 2012, started with 2 purse seiners, Taiyo Pohnpei & Taiyo Chuuk, and has now acquired 2 newcomers on April 16,Taiyo Waab & Nippon FSM. Those vessels are named after the FSM and 3 States.
TMC has contributed to the fisheries development of the FSM and stimulated national and local economy: TMC has continued to pay dividends and create employment opportunities with each vessels hiring 20～30 crew including Mirconesians and demands for　water, foods, port facilities, port navigators among other things.
TMC continues to work to the benefits of the FSM in the years to come.