I would like to thank Mr. John Barton, Natural Resource Director of the Falkland Islands, for hav...
IN BRIEF - Good outcome for Scots fishermen at EU-Norway negotiations
Friday, January 18, 2013
Scottish fishermen have broadly welcomed the outcome of negotiations between the EU and Norway to decide upon catching allocations for shared stocks in 2013.
The bilateral talks concluded this morning, and against a background of recovering stocks and the scientific advice, quota increases were agreed for a number of key stocks including North Sea haddock (15% increase), North Sea whiting (11%), North Sea plaice (15%), North Sea saithe (15%), and North Sea herring (18%). The North Sea cod quota remains unchanged at the 2011 level, with a facility for boats to increase their cod catch further if they participate in catch quota trials. There was also a 15% increase for West of Scotland saithe.
For mackerel, a catch limit was set that followed scientific advice and which will maintain the EU and Norway’s traditional share of the total allowable catch. This is an arrangement that will signal the resolve of the EU and Norway against the background of continuing failure to achieve an international management agreement for the stock with Iceland and the Faroes.
The Icelandic Competition Authority (ICA) has referred the cases of 11 employees of transport companies Eimskip and Samskip, including CEO of Eimskip Gylfi Sigfússon and CEO of Samskip Pálmar Óli Magnússon, to the Office of the Special Prosecutor for alleged illegal cooperation.
They are suspected of having shared customers, maintained high prices and hindered competition on the transport market for years, as reported in a special coverage on RÚV’s news magazine Kastljós last night. Both CEOs maintain their innocence.
About one year ago and again last summer, the ICA raided the facilities of Eimskip, Samskip and their subsidiaries. The two companies control two thirds of the transport market in Iceland and import the majority of consumer products sold in the country.
LAVAL, Québec - Neptune Technologies & Bioressources Inc. ("Neptune"), announces the signing of an exclusive world-wide, royalty-bearing, non-transferable, License Agreement ("License") with BlueOcean Nutrascience Inc. ("BlueOcean") under Neptune's composition and extraction patents covering the production and sale of marine derived oil products containing phospholipids. The License allows BlueOcean and its shrimp joint venture affiliate to produce and sell shrimp oil products extracted from three species of North Atlantic cold water shrimp (Pandalus borealis, Pandalus montagui, and Pandalus jordani) in the nutraceutical, dietary ingredients, natural health products, functional food and food supplements markets. The medical food, drugs and drug product markets are not included.
The commercial terms of the License include BlueOcean paying Neptune a minimum yearly cash royalty, and a royalty per unit of product sold. As well, an initial upfront payment will be payable at closing through the issuance of BlueOcean shares. Closing of the transaction is being done at arm's length and is subject to approval of the TSX Venture Exchange. No finder's fee is being paid in connection with this transaction.
Marine Harvest ASA hereby invites you to the presentation of the results of the third quarter 2014 at Hotel Continental, Stortingsgaten 24/26, 0117 Oslo, Norway.
Please note that the quarterly report and presentation will be published at 07:00 CET.
The presentation will be held in English and will also be available as a webcast. The webcast will be available here.
You are also invited to participate in an international conference call at 16:00 (CET) on the same day. The participants can call in using the details in the attachment. Participants for the telephone conference are kindly asked to call in 5-10 minutes in advance of the commencement of the conference in order to subscribe.
MARINE HARVEST: MHG - Presentation of the Q3 2014 results 22 October at 08:00 (CET)
Amersfoort/Utrecht - Nutreco and SHV jointly announce that they have reached a conditional agreement in connection with a public offer by SHV for all issued and outstanding ordinary shares in the capital of Nutreco at an offer price of EUR 40 (cum dividend) in cash for each Nutreco ordinary share, subject to customary conditions (the "Offer"). The Offer price represents a premium of 42% to the closing price of Friday 17 October 2014 and a premium of 34% to the average closing price for the 3 months prior to and including that date.
Knut Nesse, CEO of Nutreco said: "SHV fully supports the sustainable growth strategy of Nutreco as a whole. We are excited about this new step in the rich history of our company. SHV will be an excellent partner, enabling us to maintain our corporate identity, culture, values and organisation. This offer is in the best interests of all our stakeholders, including our shareholders. Both our Executive and the Supervisory Board fully support and unanimously recommend the Offer, for what we consider to be a fair offer price."
NUTRECO: SHV and Nutreco announce a recommended cash offer of EUR 40 per share for all shares of Nutreco
Revenue Q3 2014 EUR 1,428.9 million; a decrease of 4.1% from Q3 2013 of which -2.2% was due to foreign exchange effects;
Animal Nutrition revenues increased by 2.3% to EUR 454.9 million. Organic volume effect was +3.2% due to higher sales in mature markets, growth geographies and young animal feed;
Fish Feed revenues of EUR 639.4 million are 8.2% lower than last year driven by a 5.8% decrease in organic volumes mainly due to significantly lower salmon feed sales to Marine Harvest in Norway. The sales volume growth of fish feed for other species was 5.4%;
Compound Feed & Meat Iberia revenues decreased by 4.4% to EUR 334.6 million. Organic volume growth was 3.3%. Good progress has been made in increasing sales to customers across various channels;
Termination of EUR 100 million share buy-back programme;
Outlook: Based on current trading conditions and barring any unforeseen circumstances, Nutreco confirms its outlook: full year 2014 EBITA before exceptional items from continuing operations to be at least equal to previous year (2013: EUR 256.3 million)
To strengthen its efforts to combat IUU fishing activities, the International Seafood Sustainability Foundation (ISSF) requested a review the IUU Vessel Listing measures in regional fisheries management organisations responsible for tuna management (t-RFMOs). The purpose of the review was to identify deficiencies and weaknesses in the current IUU listing procedures and develop guidance on best practices to support and strengthen efforts for the conservation and management of tuna resources.
Overall, the t-RFMOs IUU Vessel Listing measures are largely consistent, particularly the measures adopted more recently. However there are a number of differences between the measures as highlighted in the summary table of the t-RFMO IUU Vessel Listing measures. A thorough analysis of the IUU Vessel Listing measures is provided at Part II.
Researchers from the Montreal Heart Institute in Canada studied 337 patients who have atrial fibrillation. Some of them were assigned to take 4g of fish oil in a day while others were assigned to take placebo. The random assignment lasted for 16 months.
The researchers learned that 64.1 percent of patients who were taking fish oil reportedly showed a recurrence of experiencing atrial fibrillation. This is higher than the recurrence rate of 63.2 percent among those who were taking placebo.
Additionally, the researchers also learned that fish oil supplements do not effectively reduce inflammation which could be the reason why it lacks efficacy.
With nearly one-fourth of the population of the country malnourished, fish can be a cheap source of protein to alleviate hunger, said, Shivakumar Magada, professor of Aquatic Biology, College of Fisheries, during the inauguration of the ‘World Food Day’ celebrations here on Thursday 16th of October 2014.
He said the country had more than INR 2 million km of rivers, canals and coastlines as well as 6.47 million hectares of reservoirs, water bodies and lakes available for fishing. “While the World Health Organisation recommends per capita fish consumption to be 18 kg, it is just 11.3 kg in India,” he said. The function followed the theme, ‘Family Farming: Feeding the World, Caring for the Earth’.
Seafood labelling campaign raises controversial views Australia
Several conservationists, scientists, fishermen and fish-lovers have teamed up to urge Australian authorities to follow the EU on seafood labelling laws whereas certain caterers and importers question the move.