Fishing, Agriculture and Maritime Services

Magallanes: strategic location for fishing and maritime transportation in the Southern Ocean

Privileged location.

The Estrecho de Magallanes (Strait of Magellan) is not only known worldwide for the feat performed by Hernando de Magallanes, by making the first circumnavigation of the world, but also, for a long time, was the only passage that connected the Atlantic Ocean with the Pacific.

In addition, its geographical proximity to the southern oceans near Antarctica, make the region a strategic point to continue developing industrial fisheries’ logistics in resources such as southern hake and deep-sea cod.

Main fishing resources.

The Región de Magallanes y de la Antártica Chilena (Region of Magellan and Chilean Antarctica), in its continental territory, has an amount of coast close to 37,000 linear kilometers, including the coasts of the multiple islands and peninsulas that compose it.

In this enormous coastal territory, with fjord and canals ecosystems, there is a great quantity and biodiversity of fishing resources such as sea urchin, spider crabs, snails, scallops, southern hake, conger, among many others. All these resources require investments to improve logistics, marketing processes and generation of added value for export in international trade.

Aquaculture.

In the development of salmon farming in the region; there is a large potential for investment in the cluster associated with this production sector, such as services within the direct value chain, and in issues associated with sustainability and circular economy. 

In addition, there is still space available for the cultivation of other types of resources, such as mussels, oysters, among others.

Facts

Opportunities

The Región de Magallanes y de la Antártica Chilena (Region of Magallanes and Chilean Antarctica) is a growing market in terms of fishing, aquaculture and maritime logistics; with great investment potential:

  • In the development of greater infrastructure and port services, given the increase in demand in the industrial fishing and salmon farming fields; in addition to the growing demand for Antarctic logistics (tourism and scientific expeditions).
  • In the cluster of services to traditional fishing, industrial fishing, and salmon farming.
  • In the development of new marine cultivation.