- Lake Erie multi-species fishery in Canada enters MSC assessment
- Synergies between Blue and Green growth agenda
- Company Excursion
- New organisational structure for HB Grandi
- Entire Koppernæs Management Visited TripleNine
- Vedde Merger Is Fact of Life Per Early June
- Scottish Seafood key to winning restaurant’s success
- Fishing opportunities for 2014 - further phase out of overfishing
- Agreement on Common Fisheries Policy reform
- Fishing Industry Views Brought to the Heart of the Conservation Agenda
- Fishing Livelihoods Must Not be forgotten in European Marine Sites Management
- Commissioner Damanaki spoke at the event Gastronomy Days
- MSC celebrates that 20.000th sustainable MSC-labelled product comes from Migros
- Potential measures against the Faroe Islands
- Council Mandate Brings CFP Reform Closer
Salmon farming company faces heavy loss
Investors in salmon farming and fishing krill have nothing to gain as the disease devoured salmon and krill fisher is at risk.
The Norwegian born shipping and salmon farming magnate, Kjell Inge RÃ¸kke, has experienced a heavy loss on his share in the world's largest salmon farming company, Marine Harvest ASA. He has also invested in Aker BioMarine ASA, a company fishing krill in the Antarctica, which has turned sour. The situation of these businesses is so critical that the largest financial daily in Norway refers to it as “a nightmare for the shareholders”.
The shareholders of these companies have suffered major set back. The shares had risen to NOK 57.00 last year but after that it decreases down hill slide and were sold at NOK 16.80 last week. The low hit last week represents a fall of 70.5 percent from the top recorded eight months ago. Even the market value of the company has gone down from NOK 5.2 billion to only NOK 1.5 million.
But the company has no plan to bring any changes in business and products. However, last year the productions were also bit lower than what has been expected because there was bad ice condition. Now the investors are taking back their money from exotic and high-risk investments.
WorldFishingToday d. 28-01-2008