Sources: P&P, Fosun, US investors eye China Fishery assets as Ngs seek to prevent ‘fire sale’
Fishing and investment firms said to have been eyeing Pacific Andes Peru ops, but bankruptcy protection filings mean process is on hold amid restructuring
Pacific Andes Singapore listed arm PARD files for protection
Pacific Andes International Holdings announced that one of its Singapore-listed entities, PARD, has filed for protection under the country’s companies act
Pacific Andes: Sale of Peru assets on hold after US bankruptcy protection filings
In a statement issued by the company after the bankruptcy protection filings in US, Pacific Andes states sale of Peruvian fishmeal and fish oil assets is on hold
Pacific Andes top 50 creditors owed over $1.5bn; Rabobank most exposed
Top unsecured creditor Rabobank owed $326m, with lenders such as Standard Chartered, DBS, Bank of America, HSBC and CITIC also on top 50 list owed over $1.5bn
Peruvian anchovy stocks healthy as fishing season begins
Peru's anchovy biomass is mature and exceeds minimum limits for fishing as the season gets underway in the center-north fishing area, the country's production ministry said
Peru has stopped being a reliable fishmeal exporter, producers’ association says
Peru has stopped becoming a reliable supplier to the fish feed industry because of volatile production levels from the South American country, producers' association says
Fishmeal prices to drop on Peru anchovy quota announcement, Rabobank analyst says
Fishmeal prices are likely to decline as Peru announced a better-than-expected first season anchovy quota for its main center-north fishing area, according to Rabobank
Peru’s anchovy biomass in good shape, favorable for next season
Peru’s anchovy biomass is in good shape and favorable for the next fishing season, the production ministry said
Peru suspends anchovy fishing in southern zone on biomass concerns
Peru’s production ministry called a halt to anchovy fishing in the southern zone for a 10-day period to preserve biomass and carry out more studies
Peru committee says El Nino weather disappearing
A Peruvian committee looking into the effects of El Nino declared the weather pattern as “not active” in most of areas of the country’s coastline