Sealord debt ‘at peak’ of CEO comfort level
Sealord’s debt is rising after a dividend in 2012, a deal for orange roughy quota and a new vessel for hoki, with CEO stating the current leverage level is at the top of comfort zone
Sealord pulls back from US with end of Mazzetta partnership
After sustaining losses in 2013, Sealord exited from its joint venture with US importer Mazzetta at the end of the year, the CEO of the New Zealand fishing and processing company confirmed to Undercurrent News
Sealord top fishing exec out
The executive who was running Sealord’s fishing business has left the company, the latest in a string of senior managers to leave in the past few years
Cause of Sealord’s first loss in 20 years goes beyond Argentina, says co-owner
Owner of 50% of Sealord cites losses in JV with Mazzetta in US; poor performance of parts of fishing business; and currency rates as contributing reasons for first annual loss in 20 years
Argentina fish landings up 17.2% in 2013
The largest figures were for hake, up 4.2% to 268,866t, followed by squid
Chile pelagic landings down 700,000t year-on-year
Sardine catches had the steepest fall by 72.9% to 213,500t, from January to end November
Chile faces near 450,000t cut in anchovy, sardine, hoki and hake 2014 TACs
Fishing players brace for tough times in the short term as Chile proposes steep drops in total allowable catches for its main pelagic and demersal species, with jack mackerel only stock to see an increase
Argentina increases TACs for hoki, hake, scallops
Limit for hubbsi hake is set to 322,000 metric tons, while for hoki is set to 130,000t for 2014
Whitefish players facing challenging times in Argentina
Spiralling inflation and costs, risky political climate and low sales prices have seen whitefish companies sell out, restructure or stop operations since the start of the year