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Marine Harvest: markets absorbed supply increase - contracts protected margins
COMPANY UPDATE
February 8, 2012 11:10
The Marine Harvest Group achieved an operational EBIT of NOK 403 million in the fourth quarter of 2011, compared to NOK 1 033 million in the corresponding quarter of 2010. Favourable sales contracts reduced the impact on margins from lower spot prices. Marine Harvest expects a challenging supply situation in 2012 with continued price pressure and has taken necessary measures to preserve financial strength, reports www.megafishnet.com
Russian Sea Group announces revenue for twelve months of 2011
COMPANY UPDATE
February 7, 2012 14:58
Moscow, February 6, 2012 - OJSC "Russian Sea Group" (the "Company" or the "Group"), one of the leading Russian consumer food companies, today announces its revenue for the twelve months ended 31 January 2011 based on unaudited management accounts, reports www.megafishnet.com.
AKVA Group to deliver complete cage farm for Russian Sea Company

AKVA group ASA and OJSC «Russian Sea Group» announce the signing of the contract for complete AKVA Cage Farm to be installed in the operations of Russian Sea-Aquaculture LLC in the Murmansk region, reports www.megafishnet.com.

US company recalling sliced herring fillets imported from Ukraine
COMPANY UPDATE
January 18, 2012 14:06
New Jersey-based food company Zip International Group LLC is recalling a specific batch of its sliced herring fillet (also known as Forelka), reports www.megafishnet.com.
Marine Harvest ASA announced update of its production results after the end of Q4 2011
COMPANY UPDATE
January 17, 2012 10:49
Marine Harvest ASA has announced update of its production results after the end of Q4 2011, reports www.megafishnet.com
Russian Sea Group won a tender for 9 fishing sites for salmon and trout farming with potential volume up to 30,000 MT
COMPANY UPDATE
January 10, 2012 11:53

OJSC «Russian Sea Group» (the «Company» or the «Group»), one of Russia's leading consumer food companies, today announces the conclusion of contracts for 9 sites in Barents and White Sea basins destined for salmon and trout farming that were won as a result of a state-conducted tender.

AKROS to enhance upswing of Consolidation of Russian Whitefish Operations
INDUSTRY NEWS,COMPANY UPDATE
January 2, 2012 13:58

Professional media have recently written a lot how nice it is that Akros (major Kamchatka-based harvester with more than 50 000 tonnes of Pollock quota) had decided to join Pollock Catchers Association. We want to say something about it too.

Pacific Andes rebuilds huge Viktoriya mothership for surimi production in Russian Pollock Fisheries

In summer 2011 Alaska pollock market players learned that Pacific Andes Holding acquired Viktoriya mothership to rebuild the crumbling giant for surimi production in Russian Pollock Fisheries. The industry insiders have generally made positive comments on the daring project and specifically on the speed of rebuilding but risks for the venture have also surfaced, according to http://www.megafishnet.com/

Dear friends! Merry X-mas and Happy New Year!
COMPANY UPDATE
December 27, 2011 11:26

Dear friends! Merry X-mas and Happy New Year!

Leading Belarus supplier of seafood expanding production capacities
COMPANY UPDATE
December 19, 2011 15:42

Joint Belarus-German company Santa-Bremor which produces 77,000 MT of more than 500 various fish items per year will open a new logistics centre in Moscow to cater for its growing sales to Russia, reports www.megafishnet.com.

USD100 million credit line to boost Russia’s salmon aquaculture

Russian Agricultural Bank provided Russia's biggest seafood producer and importer the first tranche under the approved credit line with the total amount of RUR 2.8 billion for aquaculture development in Russia, reports www.megafishnet.com

Fast-growing Russian Group to add $200 million worth cod and haddock quota shares in big take-over deal
COMPANY UPDATE
December 9, 2011 10:19

One of the biggest Russian fishing companies Murmansk Trawl Fleet (MTF) is deep into negotiations process with Karat Holding towards acquisition of the combine by the fast-growing group, reports http://www.megafishnet.com/

New shipyard to be built in Kaliningrad
COMPANY UPDATE
November 18, 2011 15:37

In 2012 Western Yard will start building a ship yard for construction of fishing and research vessels in the village of Vzmorye, Kaliningrad region. The investments are estimated at RUR *** billion, reports http://www.megafishnet.com/

Kamchatka-based Akros fishing company sold to new owners
COMPANY UPDATE
November 17, 2011 08:59

Akros Company, a major quota holder in Kamchatka, has sent its most important partners letters that its major shareholders Mr. V. Vorobyev (General Director) and Mr.M. Mullyar ( Deputy General Director for Fishing and Fleet) have sold their shares, reports www.megafishnet.com.

Leading players on Russia's fish market banding together
INDUSTRY NEWS,COMPANY UPDATE
November 16, 2011 12:02

Vladivostok-based Alaska Pollock Fishermen's Association and Moscow-based Association of Fish Processing and Trading Companies have decided to form a powerful coalition to develop a single position on urgent issues in the sphere of regulation of the Russian fish market and the nation's fishery industry in general, reports http://www.megafishnet.com/

Morpol ASA reports strong improvement in processing margins for third quarter
COMPANY UPDATE
November 10, 2011 15:06

Morpol ASA reported a positive EBIT pre fair value for the third quarter 2011 of EUR 14.8 million (EUR 0.0 million). The main reason for the increased EBIT was due to the processing results increasing strongly from an EBIT of EUR 1.6 million in the third quarter 2010 to EUR 12.4 million in 2011.

Aker Seafoods: Record volume in harvesting, poor results in processing
COMPANY UPDATE
November 2, 2011 12:31

Oslo, November 2nd: Aker Seafoods achived an operating result of 18 million kroner in the third quarter 2011, compared with eight million kroner from the same time 2010. The fleet caught a record high volume in the third quarter. Norway Seafoods, the processing and marketing company, experienced an operating loss for the processing facilities in Norway of 11 million kroner and a 10 million kroner operating loss in France.

Projections of global salmon supply for 2012 put main players in reduction mode

According to the latest forecast of Marine Harvest (the world's leading seafood company and largest producer of farmed salmon, with presence in 21 countries and about 5 000 permanent employees worldwide), strong increase in global supply of salmon will continue for the rest of 2011 and in 2012.

Aker Seafoods ASA - proposal for distribution of the shares in Norway Seafoods Group AS to the shareholders in Aker Seafoods ASA
COMPANY UPDATE
October 21, 2011 11:57

On 19 October 2011 the board of Aker Seafoods ASA ("Aker Seafoods") resolved to propose that the shares in Norway Seafoods Group AS ("Norway Seafood") will be distributed to the share-holders in Aker Seafoods.

Aker Seafoods : Norway Seafoods to be developed as a separate company
COMPANY UPDATE
October 21, 2011 11:48

The board of Aker Seafoods ASA proposes to split up the ownership of the company's two business areas. The shares in Norway Seafoods will be distributed to the shareholders in Aker Seafoods. This is in accordance with the plan effectuated and communicated in the first half-year 2010.

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