News - page 16

During the Brussels Seafood Expo on April 24th, the Russian Pollock Catchers Association (PCA) agreed the formation of the "Russian Pollock Sustainability Alliance" (RSPA) to advance the development of Russian Pollock fisheries, reports www.megafishnet

On 7 June 2012 Russia's PM Dmitry Medvedev approved a draft order on introducing amendments into the state privatization program for the period of 2011-2013 thus making a final decision regarding privatization of the last government-owned fishing combine Arkhangelsk Trawl Fleet - the 10-year quota share holder with more than 20,000 MT of annual cod fishing rights ...

To continue computerization of its production facilities Murmansk Trawl Fleet plc has hired NPP SpetsTek (scientific and production company) which will introduce information system of vessel maintenance and repair management of MTF's affiliates, namely ZAO MTF-1, ZAO MTF-2, ZAO MTF-3 and ZAO MTF-4, reports http://www.megafishnet.com

Russian fish business has a great potential for development. To use this potential it needs new fleet, new technologies, new approaches and new legislation. These issues actually lie in the sphere of activity of Russian Sea Group of Companies which has initiated a special interesting and promising project of state scale, reports http://www.megafishnet.com/ with reference to CEO of Russian Sea-Fishing Vadim Gurinov.

Unexpectedly for market participants JSC Nord-West F.C. based in Murmansk has taken the second place in Russia's seafood export in January 2012, reports http://www.megafishnet.com/

Russian oil and gas investor has been actively developing a project on construction of a fish processing plant in Spitsbergen and this is not going to become a symbolic object for geopolitical purposes but rather a real business project based on logistical advantages of the plant's location close to the fishing grounds and main whitefish markets, reports http://www.megafishnet.com/

Russia's Government will crackdown on implicit subsidiaries of Pacific Andes to buy back pollock quotas, reports http://www.megafishnet.com/ with reference to PR head of Russia's Federal Fisheries Agency Alexander Saveljev.

Marine Harvest ASA (leading supplier of salmon to world market and Russia in particular) has entered into agreements with the largest European institute for applied research within fisheries, aquaculture and food, Nofima, and the leading Norwegian agricultural feed producer, Felleskjøpet Rogaland Agder, which opens up for establishing a leading Norwegian salmon feed company with a yearly production capacity of up to 500.000 tonnes of salmon feed.

The finalists for the 2012 European Seafood Exposition Seafood Prix d'Elite new products competition were announced on Monday by event organiser Diversified Business Communications of Portland, Maine

Russian Sea Group has announced an ambitious plan to become the world's biggest vertically integrated fish holding with complete production cycle from own raw material of both wild fishery and farmed origin to consumer packs, reports http://www.megafishnet.com/

Morpol's operating revenues in the fourth quarter amounted to EUR 150.2 million, which was 12.9 million lower than in the same period last year. The decrease in revenue in the fourth quarter was mainly due to a 6 percent reduction in processing sales volumes as well as a significant drop in salmon prices reducing revenues in farming.

Norway Seafoods received an operating result of 1 million kroner in the forth quarter 2012, a slight improvement from the same period 2011. Despited that the finished goods market in Eurpean was weeker this year compare to last year.

Though OOO Murmansk Marine Fish Port did not go for auction in late September 2011 as was announced earlier, the company will inevitably be sold to private owners until the end of 2013 according to the program on federal property privatization, reports www.megafishnet.com.

One of Kamchatka's biggest fishing companies AKROS will to be restructured soon, reports http://www.megafishnet.com/

In the end of January 2012 one of the biggest Russian fishing companies Murmansk Trawl Fleet (MTF) finally sold the bulk of its shares to a group of Russian share holders controlling fishing companies under the umbrella of fast-growing fishing giant Karat Holding, reports http://www.megafishnet.com/