Sealord CEO on way out
Graham Stuart is stepping down as CEO of Sealord, after one of the toughest years in the company’s history in which it reported a loss of NZD 36m and several other execs left
Copeinca bondholders hope for payout from China Fishery
China Fishery refinancing announcement sends Copeinca’s $250m bond soaring from 95 to 102.75 cents
Pacific Andes ends Russian pollock supply deals in $750m debt refinancing
In surprise move, Hong Kong-listed company says it will buy fish on the spot market, as it inks $750m in new debt facilities to refinance its existing loans
EU, Faroes seal bilateral deal for pelagics and whitefish stocks
Faroese fleet given access to catch more than 45,000t of mackerel and 25,000t of blue whiting in EU waters, as well as 7,000t of Norway pout, while EU fleets will have access to 3,000t of saithe and 2,000t blue whiting in Faroese zone
Sealord brings in consultants
Sealord has brought in consultants, reportedly from Deloitte, to assess the profitability of the different species the company catches and processes
Exalmar gets licenses to operate three vessels for human consumption
Licenses follow two years of negotiations with authorities, and will reinforce Exalmar's strategy to boost its production for human consumption
Peruvian fishing industry sounds newly-granted high sea waters
Industry organization says an estimated 5,000 metric tons of fish with economic value will be available per year in the new fishing grounds
Pelagia: 52% of Norway’s mackerel landings, 59% of herring
Combined,new holding's 15 plants in Norway will receive more than half the country's mackerel and herring landings, as well as 27% of North Atlantic's fishmeal raw material
Boosted by Leroy, Austevoll proposes $53m dividend
Earnings from Leroy Seafood boost company's bottom and top line in 2013
Austevoll takes $15m hit on plant restructuring in Peru
Group writes off NOK 90 million in Peru due to closure of pelagic factories for human consumption and fishmeal and fish oil, while planning to up capacity at two plants