Aker Seafoods' trawler fleet has been allocated additional cod quotas

Aker Seafoods' trawler fleet cod quotas increased following a re-allocation for the 2011 quota year. The increase is approximately 4 per cent of the original quota, reports www.megafishnet.com with reference to Aker Seafood.
With reference to an announcement from the Ministry of Fisheries and Coastal Affairs dated May 19th, 2011 regarding re-allocation of remaining third countries cod quotas in the north. Based on the decided current regulations a total of 10 016 tons north-east-artic cod is to be divided amongst Norwegian fishermen. This implies an increase for each cod quota from 46 tons (round weight) to 1 183 tons (round weight), an increase of approximately 4 per cent for 2011. Aker Seafoods holds a total of 29.6 licenses for cod trawling.
- "An increase in the cod quota will result in an improvement of Aker Seafoods' operations for the second half-year. Increased quotas on conversional vessels are also positive for Norway Seafoods and could contribute to an increased access for cod for the remaining year, says CEO at Aker Seafoods ASA, Thomas Farstad".