MarketLu Yan Yuan Yu 010
Company Profile

Lu Yan Yuan Yu 010

Lu Yan Yuan Yu 010 was a fishing trawler registered in China. The vessel had a length of 66 m (217 ft). It was sunk on 15 March 2016 off the coast of Argentina by the Argentine Coast Guard during a territorial fishing dispute. There were no fatalities.

Sinking
On 14 March 2016, the Argentine Prefecto Derbes shelled and sunk Lu Yan Yuan Yu 010; all 32 crew members were rescued. According to the Argentine Coast Guard, the vessel was found fishing illegally within the exclusive economic zone (EEZ) of Argentina () off the coast of Puerto Madryn, a zone known for squid. The Coast Guard rescued four people, including the captain, while the remaining 28 crew were rescued by a nearby Chinese vessel. ==Aftermath==
Aftermath
According to the Chinese news agency Xinhua, the Chinese embassy in Argentine declared, that while the incident was under investigation, it has asked Chinese fishing companies active in the South Atlantic to exercise caution. The Argentine foreign minister, Susana Malcorra, said that they hoped the incident would not damage the bilateral relations. According to trade sources, the ship had been involved in disputes over fishing rights before. ==References==
tickerdossier.comtickerdossier.substack.com