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News
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Less in the net, more in the wallet:
Marine Harvest shows paradoxical growth compared to same period last year
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arine Harvest has reported gross earnings of EUR 147 million in the second quarter of 2016, a figure approaching double that of the same period last year. In Q2 2015, the company’s total Earnings before Interest and Tax (EBIT) were only EUR 84 million. Paradoxically, the total salmonid harvest in Q2 this year was only a little over four-fifths that of the year before: 87,000 tonnes (gutted weight) compared to 104,000 tonnes. In more detail, Marine Harvest farms
in Norway produced 64 thousand tonnes in Q2 last year for EBIT of 1.13 Euros per kilo; in the same period this year the Norway farms produced only 54,000 tonnes of fish but making EUR 2.10/kg - nearly double the profits. Its not all on the up-and-up: compared to last year’s second quarter, Marine Harvest farms in Scotland are not only producing less fish (11,000 tonnes vs 12,000), but are also making less money per kilo (EUR 0.45 vs 0.63). However, such under-performance in one country was more than made
up for by a surge in profits elsewhere: Despite only producing 11,500 tonnes of farmed fish in Q2 this year (down 500 tonnes on Q2 2015), Marine Harvest Canada’s profits skyrocketed by over 900 percent: 2.35 Euros per kilo compared to EUR 0.25/kg for the same period last year. Even Marine Harvest Chile’s losses are, well, less than before: EUR -0.25 per kilo, less than half what they were last year (EUR -0.54/kg). Granted, MH’s salmonid production in this country has pretty much halved since Q2 2015, but globally, this year is shaping up rather nicely for the world’s biggest aquaculture company.
Rio 2016 serves up responsibly sourced seafood
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ttendees of the Olympic and Paralympic Games enjoyed sustainably and responsibly sourced seafood, thanks to an extraordinary effort by the Rio 2016 Olympic Organising Committee and its partners. More than 70 tonnes, equivalent to more than 350,000 portions, of seafood served to athletes and media at the Games came from fisheries or farms that meet the requirements of the Marine Stewardship Council (MSC) or Aquaculture Stewardship Council (ASC). This represents the most sustainable seafood offering to date of any Olympic or Paralympic Games. Seafood served with the green ASC or blue MSC label can be traced right back to fisheries and farmers that are independently certified as meeting globally recognised standards for sustainable wild fishing or responsible farming. The fishers and farmers who produce this seafood go to great lengths to reduce their impacts on the environment, preserve oceans and safeguard seafood supplies for the future. Speaking in advance of the Games, Julie Duffus, Sustainability Manager at the Rio 2016 Organising Committee for the Olympic and Paralympic Games said: “Millions of people attending this year’s Games will be able to enjoy sustainably and responsibly sourced seafood knowing that they are helping to support thriving fishing and farming communities and to protect the environment. By choosing seafood with the MSC or ASC label they will reward responsible producers from around the world.” Included on various menus within the Olympic Village, Media Village and media centres were: ASC certified responsibly farmed Brazilian tilapia from Netuno and Chilean salmon from Los Fiordos; and MSC certified wild-caught Icelandic cod from Visir and Canadian chum salmon for Albion. McDonalds Brazil also served 100 percent MSC certified Argentine hoki in its McFish
sandwiches throughout Brazil during the Games. Delivering its commitment to sustainably and responsibly sourced seafood required the Rio 2016 Olympic Organising Committee and its partners to bring new supplies of certified seafood to Brazil. As a result, numerous farms and fisheries across the region took steps to improve their environmental performance in order to meet the industry leading standards set by the MSC and ASC. Ms Duffus said: “The Olympic and Paralympic Games are unique in their ability to bridge cultural divides, reach a broad audience and generate a sense of fellowship and possibility. We hope that this commitment will have a lasting legacy of sustainable sourcing and seafood consumption in Brazil.” Rupert Howes, Chief Executive of the MSC said: “The volume of sustainably sourced seafood at this year’s Olympic and Paralympic Games shows what is possible when suppliers, caterers and the public work together to support sustainable choices for people and the planet. MSC certified fisheries currently catch around one tenth of all wild seafood. We hope to see this proportion grow as recognition of the importance of sustainable seafood increases.” Chris Ninnes, Chief Executive of the ASC said: “With this landmark commitment by the Games, local suppliers and caterers can showcase the best of Brazilian cuisine to a global audience and create lasting change by emphasising the importance of making the right choice when buying seafood. With more than 1 million tonnes of ASC certified product in the market, the public can join the effort to preserve fish for future generations by buying from producers who share their goals to protect vital ecosystems and care for those who work on the farms and live in surrounding communities.”
6 | September | October 2016 - International Aquafeed