The industry, which started 20 years ago with sole investor RD Tuna in Madang, is concerned that history is repeating itself.
Fabian Chow of PNG Fishing Industry Association says building up the industry required a lot of sweat, dedication and risk-taking.
And once more, Chow says the industry is facing another threshold today.
“We don’t know if we will survive the tough times that we are headed towards. Costs are increasing, kina is short and everything is harder than it was 20 years ago. There’s pain and we need fine tuning in order to survive,” he said.