Land: Norway

Aker BioMarine has negotiated a solution with its bondholders to refinance the company’s NOK 750 million bond loan, which matures in May 2010. As previously announced, Aker will convert into equity its net receivables that are payable by Aker BioMarine, while the other bondholders have accepted a three-year extension of the loan’s maturity date for the remaining NOK 305 million of the loan in return for a 0.25 percentage point increase in the loan interest they will receive, provided that Aker issue a payment guarantee.

Norway’s exports of groundfish including clipfish, salted fish and stockfish totalled NOK 967.4 million in February. This is an increase of 8% or NOK 69.2 million compared with February 2009. The volume of exports increased by 17% or 5,700 tonnes to a total of 38,555 tonnes, according to the latest figures from the Norwegian Seafood Export Council. The increases are attributable to record exports of both fresh and frozen Norwegian Cod products.

Seafood is naturally rich in selenium, but it may also

428 delegates from 23 nations converged on Norway Trade Fairs’ Oslo base for what has become an unmissable annual event in the diary for busy seafood professionals – the North Atlantic Seafood Forum, the fifth in this highly-rated series.

Norway and India have entered into an agreement on cooperation

In January 2010 Skretting Norway introduced salmon and trout grower feeds with potentially ultra-low levels of fishmeal and a record low marine protein index. The fishmeal content at any time will depend on price and availability.

Studies have suggested a link between seafood in the diet and a lower incidence of postpartum depression (PPD).

To make the seafood more safe the content of pharmaceuticals present in farmed fish is monitored.

Copeinca finished second in the year processing 15.21% of the total Peruvian quota, of which 10.81% came from own catch. It is also noteworthy that fish oil production had a 4.68% yield. Copeinca produced 188,000 MT of fishmeal and 38,000 MT of fish oil.

Aker BioMarine has prepared a refinancing plan to establish a solid financial foundation for advancing company’s business activities.