News - page 15

(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

Reference is made to Morpol ASA's (Morpol) stock exchange announcement dated 18 September 2012 regarding the merger plan for a merger between Morpol and its subsidiary Marine Farms AS (Marine Farms) and the merger plan which was sent to all of Morpol's shareholders and published on Morpol's website.

Based on UPDATE AFTER THE END OF Q3 2012, salmon harvest of Marine Harvest ASA exceeded forecast for the period

The Russian division of METRO Cash & Carry has gone to Court versus Federal Anti-Monopoly Service in an effort to avoid paying a huge fine for alleged discriminatory behavior towards fish suppliers

The Federal Anti-Monopoly Service (FAS) has investigated ten companies-members of Russia's Pollock Association discovering indications of a cartel agreement. The investigation has been conducted in connection with the so-called Pacific Andes Case, the Hong Kong based concern being suspected in unlawful conduct of fishery in Russian waters through illicit control of Russian fishing companies

E.coli bacteria were detected in a consignment of fresh-frozen shrimps produced by Indian plant No.940 (M/s Coastal Corporation Ltd) and frozen minced surimi from Indian plant No.1142 (1142 (M/s Kan Foods)

The State Service for Plant, Fish, Animal and Food Surveillance of Norway (Mattilsynet) informed the Rosselkhoznadzor that it had carried out a follow-up inspection at Establishment M-408 HOFSETH AS and revealed that its sampling procedure for microbiological analysis and system of control did not comply with the Customs Union animal health requirements

Russia's Federal Anti-monopoly Service (FAS) has satisfied the application of OOO VIRMA (LTD) to take part in the forthcoming tender in order to try and purchase 100% of the shares of OAO Arkhangelsk Trawl Fleet (plc), the last government-owned combine with big whitefish quotas

OJSC «Russian Sea Group», one of Russia's leading consumer food companies, on 10 August in Moscow announced its revenue for the first 6 months of 2012 based on unaudited management accounts and made important statements as regards its strategy for the future

Russia's major importer Fly Fish Ltd with headquarters in Moscow has launched an online service enabling its customers to order not only the standard list range but also nearly any fish or shellfish product from Spain, Ecuador, Chile, Argentina, Japan, China, USA, Canada, Peru, etc.,

Aker Seafoods achieved an operating result (EBIT) of NOK 17 million, a decrease of NOK 12 million compared to the second quarter in 2011.

A number of Mps of Russia's Duma (Lower House) have asked First Vice-Premier Igor Shuvalov to oversee the privatization of Arkhangelsk Trawl Fleet, a company with 20 fishing vessels and large cod and haddock quotas and sell the last government-owned giant at public auction rather than by closed tender

Oleg Darkin, General Director of the nation's second largest quota holder NBAMR based in Nakhodka in the Russian Far East, has given an interview to a local newspaper Nakhodkinsky Rabochy. He explained the company position and outlined its plans for the future

Igor Uleisky, ex-vice governor of Primorsky Krai Province (Capital Vladivostok), joined Russian Sea -Fishery Company - not a formal subsidiary of the Russian Sea Group but rather the fishing arm of the same owners

Russian Sea Group is interested in privatization of Arkhangelsk Trawl Fleet, a company with 20 fishing vessels and large cod and haddock quotas. Russian Sea has recently applied to Federal Antimonopoly Service asking for a permission to buy 100% of ATF. The permission has not been granted yet

Russia's Vladivostok-based Pollock Catchers Association and Fish Union (based in Moscow and amalgamating one of two rival groups of seafood importers and processors) have joined forces towards formation of what was described as a modern and effectively functioning national fish market

Aker Seafoods ASA continues the renewal of the trawler fleet and has made an agreement to sell the vessel «Hekktind» to a Russian company. However, the sale may have probably resulted from the fact that the trawler reportedly lost its licence earlier this year due to illegal fish dumping.

OJSC "Russian sea Group" (hereinafter "the Company" or "the Group"), one of Russia's leading consumer food companies, today announces launch of the marine atlantic salmon farm on the site in Barents Sea, Murmansk region ...