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Welcome to this week's newsletter
Editorial: Marine Harvest Take Measures to Finance Chilean Operations
Marine Harvest began taking measures to resolve the Chilean crisis this week. After monumental losses last year, Åse Aulie Michelet -- chief executive officer of Marine Harvest -- responded positively to the first quarter results, saying that both demand and prices have developed favourably so far in 2009.
A day later the company announced that it intended to carry out a private placement of new shares to raise approximately NOK 300 million. Almost immediately after the announcement the company completed the pre-sale of a private placement of 96,000,000 shares at a subscription price of NOK 3.15 per share.
"The purpose of the private placement is to finance the restructuring of the Company's operations in Chile, improve the financial position of the Company in general and facilitate an agreement with the Company's lenders to adjust the covenant structure in the company's loan agreements for the second, third and fourth quarter of 2009," said a Marine Harvest press release.
The company then published yet another press release, proposing new board members to be elected on 27 May. Whilst Marine Harvest may be struggling in Chile, they are certainly using up a lot of energy to keep their heads above the water.
Adam Anson
Book Focus
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Fish Ponds in Farming Systems
This book analyses case studies from Bangladesh, Thailand, and Vietnam to show that integration and diversification increase both farm productivity and farmers' incomes.
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We have 4 new features this week:
Stewardship Council to Establish Certification Programme
A new certification programme for aquaculture operations is being established by the World Wildlife Fund, writes TheFishSite senior editor, Chris Harris.
Closed Cycle Bluefin Tuna: New Opportunities Are Born
Aquaculture history has been made with the announcement that Southern Bluefin Tuna have been successfully spawned in captivity for the first time ever, writes Adam Anson, TheFishSite.
Russian Fish Price Survey
In April 2009, OAA Moscow conducted a price survey of fish and fish products in Southern Moscow retail outlets and open markets, says this USDA Foreign Agricultural Service GAIN report.
Production Methods for the Mediterranean Mussel
The habitat of the locations where mussel culture takes place is very similar. Galicia (NW Spain) has been taken as a model in this fact sheet produced by the Food and Agriculture Organisation of the United Nations to explain how the different systems of mussel production work.
» NACA Train Business Skills on Small-scale Fish Farms
» UAE, Japan Unite on Bluefin Farming
» New Project to Prevent the Escape of Fish
» Best-selling Superbra Set to go Global
» Cermaq See Hope: Heavy Losses, Algal Blooms, ISA
» Marine Harvest: Private Placement of 96,000,000 Shares
» Marine Harvest Propose New Board Members
» Impressive First Quarter from HQ Sustainable
» Prices Rise, but Viet Nam's Fish Ponds Remain Empty
» Viet Nam's Huge Investment in Aquatic Processing
» Seafood Exports Drop Six Per Cent in Viet Nam
» Catfish Farmers of the Mekong Ask for Irrigation
» Fish Fraud Investigation in Tien Giang
» New Zealand's Billion Dollar Aquaculture Dream
» History Made on Maori Fisheries Settlement
» Oyster Farms Have Little Effect on Drakes Ecosystem
» Arkansas Catfish Farmers to Receive Stimulus
» Tilapia to be Eradicated in Plaquemines
» Initiatives in Place to Rebrand Soy-based Aquafeed
» Senator Pushes for Oyster Farm in Wilderness
» Midwest Recirculating Aquaculture Workshop
» Q1 Results: All is Not as it Seems at Omega Protein
» Timing Is Everything for North Atlantic Shrimp
» Governor Breathes New Life into Shellfish Industry
» BC First Nations File Class-Action to Save Wild Salmon
» Canada Cuts Funds from Fisheries Research Centre
» Why Stock Trout in Your Pond?
» Fiji Shrimp Exports Accepted by the US
» Mossel Bay Tourism up in Arms Over Fish Farm
» New Technology to Help Nigeria Meet Fish Demand
» Future Looks Tasty for Norwegian Salmon Farmers
» Nofima Fish Out Consumer Attitudes
» The Shelf Life of Cod: Farmed and Wild
» Norway Wanted for Fish Farm Drug Residue Expertise
» Crack Down on Illegal Arabian Fish Farm
» Bangladesh Shrimp Exports Under Threat
» £84m: Scottish Salmon Industry Committed Together
» Salmon Regulations Stifling UK Industry
» Scottish Fisheries Project Receives Trust's Support
» Farmed Salmon Report Notes Low Emissions
» WWF Back on the Bluefin Trail
» Esselunga Joins Friend of the Sea for Trout
» New Plan for Sustainable Cage Aquaculture in Oman
» EC Looks at New Fishing Potential in European Waters
That's all for this week!
Ed.
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