News - page 73

According to estimated figures, in October 2011 the Russian harvest in the Atlantic Ocean and Southeast Pacific decreased by 11,400 MT to 107,000 MT. The contribution of Kaliningrad-based vessels amounted to 35%, reports www.megafishnet.com.

Mixed Russian-Norwegian Fisheries Commission has raised Russian capture quotas for fish stocks jointly regulated by two countries in the Barents Sea and Norwegian Sea, reports http://www.megafishnet.com/

It is common knowledge now that US APO quota has not been taken - the first time in many years. This is an important fact of many consequences. We could say a lot about correct quota setting, fishery sustainability, etc. but here we mention just raw material shortage this year, a Russian Pollock specialist told http://www.megafishnet.com/

Faxi RE, owners HB Grandi, Iceland, was due to dock in Vopnafjördur at 1900 tonight with 700 tonnes of herring on board, all caught in a single shot in Breidafjördur. This is Faxi's second trip on herring after the domestic summer-spawning herring fishery opened. The first trip was also a 700 tonnes, but taken in two shots, according to HB Grandi.

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.

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.

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.

Russia's Federal Fisheries Agency has approved finfish and shellfish TACs 2012 in the nation's Far East Basin, reports http://www.megafishnet.com/

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.

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.

OJSC Russian Sea Group (the "Company" or the "Group"), one of Russia's leading consumer food companies, announces the appointment of Timofey Tarasov, the former Vice-president of Wimm-Bill-Dann, as Chief Executive Officer effective October 3, 2011.

In mid-October 2011 the world's largest chain of hamburger fast food restaurants McDonald's and the Russian branch of the World Wide Fund for Nature hold closed consultations on the opportunity to open a pollock processing factory in Russia, reports www.megafishnet.com.

Russia's Federal Customs Service together with Association of Fish Producers and Traders have developed a Green corridor regime for customs clearance and control of seafood products imported to the country, reports http://www.megafishnet.com/

The Russian Government has proposed to offer the nation's fish exporters VAT preferences, including simpler routine for applying for zero VATs for the fishermen bringing seafood to home port for clearance and further export to the international markets, reports http://www.megafishnet.com/

Export situation in October has shown a number of developments. This month export from Russian Far East traditionally consists of Alaska pollock and wild salmons. Cod, halibut and others are minor items in tonnage, reports www.megafishnet.com.

The recent auction sale of transferrable right of quota share is to give the beginning to civilized fishing quota market in Russia, according to Head of Legal department FFA (Federal Fisheries Agency) Eugene Kats, reports www.megafishnet.com.

Speaking at the recent International Congress of Fishermen in Vladivostok President of Russia's Pollock Catchers Association (PCA) German Zverev expressed his ideas on prospects of the national fishery industry, reports www.megafishnet.com.

Next year prospects of both Russian pollock fishery and Alaska fishery are dubious because of current fishing situation in the Bering Sea. It is already clear that season B will finish before quota taking, and rest will be large. Experts estimate that TAC will be **** Mt, according to the overview prepared by analysts of www.megafishnet.com based on Japanese, Russian and American sources as per 12 October 2011.