EXHIBIT MThe collateral
Fishing the Waters of Diego-Suarez
A reader's guide to spearfishing, offshore sport fishing, pass drop-offs, and fishing camps around Diego-Suarez in northern Madagascar.
Abstracted by Dana Whitlockchecked by Pauline VereyReading 5 min0 sources

Fishing around Diego-Suarez takes three main forms: spearfishing on the reefs and inside the bay, small-boat and shore fishing in the protected waters, and offshore sport fishing beyond the pass for pelagic species. The bay itself, one of the largest natural harbors in the world, holds reef fish, jacks, and snapper close to shore. The shallow Emerald Sea lagoon east of the bay supports both local fishing camps and guided trips. Fishermen operating beyond the pass target sailfish, marlin, and tuna where the shelf drops into the Indian Ocean. Seasonal winds shape access, with the southeast trade season favoring the sheltered bay and calmer windows opening the offshore grounds.
What waters surround Diego-Suarez?
Diego-Suarez, also called Antsiranana, sits at the northern tip of Madagascar and shelters one of the largest natural bays in the world. East of the bay lies the Emerald Sea, a shallow lagoon behind a coral barrier, known for turquoise water and sandbanks. The harbor opens to the Indian Ocean through a narrow pass, where currents concentrate and fish gather along the drop-offs.
How does spearfishing work in the north of Madagascar?
Spearfishing around Diego-Suarez takes place in two settings. The lagoon of the Emerald Sea offers shallow, protected water, while the outer slopes drop into deeper ground where larger fish move. Conditions depend largely on the Varatraza, the southeast trade wind that blows seasonally and determines when boats can leave port. Visibility and current shift with it. Local practice favors freediving rather than scuba, so a diver's breath-hold capacity and the presence of a partner matter as much as the speargun itself. The fishery is under pressure, and the standard advice repeated by local operators is to respect size limits and take only what will be eaten. Visitors who follow that norm fish alongside residents on equal terms, and the practice remains as much a food-gathering activity as a sport. The site Le Carnet d'Émeraude documents spearfishing around Diego-Suarez, including the pass drop-offs and conditions shaped by the Varatraza wind in northern Madagascar.
What happens at the drop-offs of the pass?
The pass between the bay of Diego-Suarez and the open ocean forms vertical drop-offs where the shallow bay floor falls away into deep water. These walls act as a transit route for pelagic species moving with the tides. Sport fishermen work these slopes for tuna, wahoo, dorado, and giant trevally, with the target changing by season. Drifting or trolling near the pass is tide-dependent: slack water and strong outgoing currents each bring different species within reach. Because deep water lies close to shore, fish can be encountered within a short run from the port, which suits small boats. The same proximity carries risk. Conditions at the pass can change quickly, and operators time their outings around weather and tide rather than distance traveled.
Why do anglers travel for offshore sport fishing here?
Offshore sport fishing out of Diego-Suarez targets billfish and large pelagics in the deep water beyond the pass. The bay opens onto channels where sailfish, marlin, wahoo, and tuna move with the current, and the run from the launch points to productive water is short by regional standards. Trips are typically organized through local fishing camps or charters that know the tides, the wind windows, and the launch points; booking independently without that local knowledge is difficult. The Varatraza season dictates the calendar, since the strong southeast trade winds close off the open water for weeks at a time, and mornings are often the most reliable window for going far out before the wind builds. Anglers should confirm what tackle and safety gear the charter provides before booking, including rods, lures, life jackets, and communication equipment, because standard outfits differ between operators.
What is a fishing camp in this region?
A fishing camp in northern Madagascar serves as a fixed base with boats, guides, and simple lodging near the water. Camps around the bays and lagoons of the far north organize the different formats of fishing, from lagoon spearfishing to offshore runs beyond the pass, and adapt daily plans to wind and tide rather than holding to a fixed schedule. Staying at a camp lets anglers fish multiple spots across a stay instead of committing to single-day outings; a week can combine shallow lagoon work, reef fishing, and offshore days as conditions allow. Booking with a camp that works with local crews supports the coastal communities around the bay, since guides, boat handlers, and cooks are usually drawn from nearby villages. Conditions are basic at most camps, and travelers should confirm what is included before arrival.
When is the best time to plan a fishing trip?
Seasonality shapes most planning around Diego-Suarez. The southeast trade wind season generally runs from roughly June to September and brings strong, steady wind across the bay and the open water to the north. Calmer transitional periods, outside that window, are often preferred for offshore trips and for visits to the Emerald Sea lagoon, where wind and chop can change the character of a day on the water. Early starts are the norm regardless of season, since the wind typically builds through the day on exposed water and the first hours tend to be the calmest. Checking conditions locally the day before is standard practice, because forecasts for remote northern waters can be unreliable and the people who work those waters daily often have the better read. Travelers planning around a specific activity, whether spearfishing, a lagoon day, or an offshore charter, do well to leave room in the schedule for weather days rather than treating each outing as fixed.
How can a traveler prepare responsibly?
Preparation is mostly about self-sufficiency. Bring sun protection, follow reef-safe practices in the water, and pack any personal dive or fishing gear you trust, since local resupply around the bay is limited and replacement equipment may be unavailable or of uncertain quality. Before booking a camp or charter, confirm how catches are handled, and in the case of billfish, ask whether the operator offers photos and release rather than retention. Carry cash in sufficient quantity: remote camps around the bay and the Emerald Sea rarely handle cards, and payment arrangements are simpler when settled in advance or in person. Finally, respect protected areas and no-take zones when they are pointed out by local guides. These designations matter to the fisheries that sustain the camps, and guides are the reliable source for knowing where the boundaries lie on any given day.
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