News - page 57
Cermaq reported an EBIT pre fair value and non-recurring items for the fourth quarter of NOK 11 million (NOK 300 million) from high volume growth in feed offset by low salmon prices, especially in Americas and Japan. EBIT pre fair value was NOK 164 million. The full year EBIT pre fair value and non-recurring items was NOK 404 million (NOK 1 369 million). The Board of Directors propose a dividend for 2012 of NOK 1.0 per share, according to Cermaq ASA.
In January there were several developments of importance in Common Fisheries Policy and Fish Hygiene
As announced earlier, Mr. Jerzy Malek will resign as CEO of Morpol ASA with effect from 28th February 2013. The Board of Morpol ASA has appointed Mr. John-Paul McGinley, the former COO of the company, as the new CEO, according to Morpol.
Marine Conservation Society downgrades its rating of this popular oily fish, as arguments over who’s catching what in the north east Atlantic continue
Mainstream Norway has detected SAV virus in fish at the farming site Tuvan in Langefjorden, Finnmark, and is consequently suspecting PD at this site
Norwegian AKVA group ASA New has signed a contract with Russian Sea-Aquaculture LLC for a complete AKVA Cage Farm to be installed in the Murmansk region
Marine Harvest has sold the 31.3% stake in Aquagen to Aquagen's majority owner EW Group GmbH for NOK 173 mill. The transaction will trigger an accounting gain of NOK 136 mill in Q4 2012 and a liquidity effect of NOK 161 mill, of which NOK 89 mill in Q4 2012
Total catches by HB Grandi’s vessels last year came to approximately 200,000 tonnes with an overall value of ISK17.80 billion. This shows a slight reduction in catches and values for the company’s freezer trawlers, attributable to Therney RE and Örfirisey RE being docked for extensive refits during last year. An increase in pelagic catches has resulted in the company’s overall landings being similar to those in 2011
Moscow, December 17, 2012 Russian Sea Group announced sale to a group of investors of its prepared seafood brands and processing business (Russian Sea CJSC with a factory in Noginsk near Moscow) under a series of agreements,
(Bergen, 17 December 2012): The Board of Directors of Marine Harvest has entered into an agreement with Friendmall Ltd. and Bazmonta Holding Ltd. to acquire 48.5% of the shares in Morpol ASA for NOK 11.50 per share. Marine Harvest intends to submit a mandatory offer for the remaining shares in Morpol
The meeting of Russian and EU Vet officials was held in Cyprus on 26-27 November 2012 and was devoted to technical issues regarding development of veterinary certificates different from common forms of the CU veterinary certificates. Spokesmen for the Customs Union, the European Economic Commission, the European Commission's Directorate General for Health and Consumer Protection (DG SANCO) and the EU-members took part in the meeting
EU Common Fisheries Policy in November 2012 has seen a number of important developments
The Board of Directors of Marine Harvest ASA (the "Company") has resolved to offer all permanent employees in the Company and its Norwegian subsidiaries the opportunity to purchase shares in the Company within the scope of the Norwegian Tax Act §5-14
The Russian vet authority Rosselkhoznadzor has issued warnings due to contamination of imported shipments of various food products, including seafood but not limited to seafood
The negotiations were held at the initiative of the New Zealand party. The Rosselkhoznadzor accepted the proposal of the New Zealand National Veterinary Service to hold negotiations on harmonization of veterinary certificates for export of New Zealand products subject to state veterinary surveillance to the common market of the Customs Union member countries
Morpol's consolidated operating revenue in Q3 2012 amounted to EUR 107.5 million, which was higher by EUR 4.1 million in comparison to operating revenue generated in the same period last year
Aker Seafoods achieved an operating result (EBIT) of NOK 36 million in the quarter, a decrease of NOK 3 million compared to the third quarter in 2011. EBITDA in the third quarter 2012 came to NOK 29 million against NOK 59 million in the corresponding period in 2011. Operating revenues in the third quarter totaled NOK 171 million. This is NOK 65 million lower compared to the same period in 2011
(Oslo, 26 October 2012) The Marine Harvest Group achieved an operational EBIT of NOK 73 million in the third quarter of 2012, compared to NOK 457 million in the corresponding quarter of 2011. The results were impacted by weak market prices and a lower benefit from sales contracts compared to previous quarters. Cash flow from operations was NOK 237 million in the quarter (Q3 2011: 269 million)
Cermaq ASA has signed a term sheet with Danske Bank, DNB, Handelsbanken and Nordea to refinance two of its credit facilities amounting to a total of NOK 1.500m
Cermaq reported an EBIT pre fair value and biomass write-down for third quarter 2012 of NOK 232 million (NOK 348 million). Solid results in EWOS, particularly due to high volume and capacity utilisation in Norway, compensated for low salmon prices and biological challenges in Mainstream