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Norway Pelagic Welcomes EU/Norway Agreement
(NORWAY, 2/14/2010)
Norway Pelagic ASA (Public, OSL:NPEL), the major Norwegian mackerel fishing company, has welcomed the results of the EU-Norway fishing negotiations.
In a statement the company said: “After several years of annual ad hoc agreements, Norway and EU have now entered into a long term bilateral agreement on mackerel”.
“This agreement regulates important issues such as the division of the total mackerel quotas between the parties, and questions of mutual zone access in the parties’ mackerel fisheries”, they added.
They also explained that Norwegian vessels mackerel fisheries in the EU zone were on the October last year suddenly closed after disagreements between Norway and EU concerning the agreements on mutual zone access. At this time, Norwegian vessels had a remaining quota of approximately 70.000 tons. This affected the raw material supply for Norway Pelagic in 2009, as it was limited to 79.000 tons.
The remaining quota of 70.000 tons will be caught in 2010, and this means Norwegian vessels will be allowed to catch 246.000 tons mackerel in 2010. The agreement will imply greater flexibility for both industry and fleet to adjust activity in terms with market conditions. In the longer run, it will also imply a more stable framework conditions for Norway Pelagic in terms of stable and substantial deliveries, both from Norwegian and foreign vessels. The agreement implies extended access to each others zones in 2010 and full access from 2011.
Norway Pelagic had in 2009 40 percent of all mackerel landings in Norway, and will aim to have at least the same share in 2010.
About Norway Pelagic ASA
Norway Pelagic ASA is a Norway-based company active within the pelagic fishing industry. The Company is engaged in fishing, processing and distribution of pelagic fish from the Arctic Ocean, which include herrings, mackerels and capelins. As of December 31, 2008, it had ten production facilities situated along the Norwegian coastline in Bodo, Liavag, Maloy, Alesund, Sommaroy, Selje, Kalvag, Floro, Bergen and Karmoy. Norway Pelagic ASA has been established as a result of a merger between Koralfisk AS, Bergen Fiskeindustri AS, Domstein Pelagic AS, Global Fish AS and Bernt Hansen Eftf AS.
Although formed in 2007, Norway Pelagic is a company with long traditions. The predecessors of the company started out receiving and salting fish manually in old wharfside warehouses more than a century ago. Later, during the post-war years, big herring stocks provided a good foundation for increasing prosperity along the coast, and fish plants were established in several locations.
Although the industry has subsequently undergone periods of declining fish stocks and market crises, there have also been periods of growth and optimism characterized by investments in technology and automation.
Today, the company operates nine modern industrial facilities along the Norwegian coast. In 2008, as much as 392,000 tonnes of pelagic fish were received, processed and frozen. This is approximately 35 percent of all fish received at Norwegian facilities for fish for human consumption. After the new company was formed, the volume of raw materials and profitability have increased.
The key contributing factors for this are related to good management of fishery resources in Norwegian waters, a modern fishing fleet that delivers high-quality raw materials, skilled, motivated and enthusiastic employees and, not least, consumer demand for greater choice and healthy and high-quality products.
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Margaret E.L. Stacey
Information of the company:
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Address:
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Keiser Wilhemls gate 23b - P.O. Box 790
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City:
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Ålesund
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State/ZIP:
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(NO-6001)
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Country:
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Norway
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Phone:
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+47 5784 4400
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Fax:
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+47 5784 4401
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E-Mail:
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npsales@norwaypelagic.no
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