Latest Posts By EZ3626
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| 11-Jun-2014 07:59 |
China Fishery
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It is a fact, how modern technology has changed and improved our lives. Just one of the many examples, tracking of the bus through the smart phones. Yes, definitely, Today' s Technology helps to locate the fish whereabout. 2010 El Nino is MILDER compared to 1998 El Nino. Modern Technology has help them to fish and not guessing where to fish. Enjoy 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To summaries, you are of the opinion that 16 years ago, they did not have the technology to locate the resources |
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| 11-Jun-2014 07:45 |
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As you said " This 2010 El Nino is MILDER compared to 1998 El Nino" . Exactly, with the help of Technology, man is better able to understand what causes the fish to disappear NOT destroy. They are able to located their whereabout through modern advanced Technology. During this 16 years, man has discovered the effect of current that affected the fish stock migration which is El Nino. One simple fact, today commuters are able to track when a bus is approaching. 16 years ago, you just got to wait until the bus arrives. It was reported, SNP chairwoman Elena Conterno " The impact of the regulation put in place is too hard .... " because the fish has migrated further south which is outside the limit set for them to catch. Don' t over emphasize the effect of El Nino. But SNP chairwoman Elena Conterno said the global warming was increasing temperatures of the Peruvian waters and pushing the resource to the south, further from the limits envisaged by the law. " It is crucial that the legislation is updated as soon as possible, because otherwise our industry will suffer a severe contraction for sure," Conterno warned. Conterno said " The season is fair" not disastrous. It is about the " regulation" . Relax and enjoy fishing
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| 10-Jun-2014 22:10 |
China Fishery
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Leongsan, certainly not " Blind Faith" . How they know where the resource is located ? Advanced Technology. 16 years ago, they would not be able to know. Now they know what affect the fish in the Ocean - El Nino. It is what we don' t know that we are worried. When you know there is HOPE. Did they say the anchovies are destroyed by El Nino ? No, they are living things and they move
Anyway market will decide when it will move up. The substantial reduction in anchovy catch has led the National Fisheries Society(SNP) to request an ' urgent action' to allow fishing from mile 5, where the resource is located. The exceptional request is due to the fact that the Supreme Decree Nº 005 of the Ministry of Production (PRODUCE) provides that anchovy can only be caught for direct human consumption (DHC) within the first 10 miles from the sea. " We need an emergency measure, and the decision that in the future it is possible to catch the species between the mile 5 and 10, where the anchovy is because, otherwise, the fishing activity will shrink," argued Elena Conterno, SNP president. SNP president predicted that in the eight and a half weeks remaining until the season closes it will be possible to capture more than 949,000 tonnes, which would complete about 62 per cent of the quota. " Our projection is to reach at least 1.5 million metric tons of catch, which is much less than the quota, so the season will be fair," she said. The season is FAIR.
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| 10-Jun-2014 14:51 |
China Fishery
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J213, you are quite merciful and gracious. 1998 to 2014, the gap is 16 years. Tremendous great difference, I am not sure internet is around then. We probably won' t be blogging here. Iphone, Samsung ... not even in the market. Hehe Technology and science is so advance now. It is so wrong to bring those data to confuse others
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| 09-Jun-2014 00:03 |
China Fishery
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You guys just all out to confuse others. China Fishery is not a S-chip company. Good night
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| 04-Jun-2014 21:55 |
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明 明 鱼 儿 要 上 钩 ； 但 是 让 你 给 吓 跑 . Enjoy fishing. Relax .....
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| 14-May-2014 18:21 |
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S69, you posted " Moody' s applauds China Fishery makeover from pollock supplier to fishmeal co., affirms credit rating" What is happening ? Moody rates China Fishery' s outlook stable. |
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| 13-May-2014 18:15 |
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Moody' s: China Fishery' s 1H2014 results and completed refinancing support its B2 ratings
13 May 2014 Hong Kong, May 13, 2014 -- Moody' s Investors Service says China Fishery Group Limited' s 1H2014 results are in line with Moody' s expectations and support its B2 corporate family and senior unsecured bond ratings. Furthermore, its completion of the refinancing of its acquisition loans for and its privatization of Copeinca ASA are facilitating the consolidation of its fishmeal businesses in Peru. The ratings outlook remains stable. " China Fishery' s revenue growth of 20.1% year-on-year in 1H 2014 is the result of changes to its business model," says Lina Choi, a Moody' s Vice President and Senior Analyst. China Fishery reported a 540% y-o-y increase in revenue from its Peruvian fishmeal businesses to $203.5 million, reflecting the consolidation of Copeinca ASA bought in August 2013, higher fishmeal production, and lower average selling prices. Moody' s considers that the positive result indicates that Copeinca ASA' operations have remained stable after its acquisition by China Fishery. At the same time, the company suffered a 53% decline in revenue from its Russian supply business to $105.3 million, reflecting the decision to exit this business. Moody' s expects this trend of decline will continue as the company completely exits the business, which involves it purchasing Alaskan Pollock from Russian fishing companies. Moody' s expects the fishmeal operation will eventually replace the Russian contract supply business to become the core business of China Fishery. By end-2014, the fishmeal business will represent more than 65% of the company' s total revenue, and the Russian contract supply business' contribution will decline to 32%. " China Fishery has stabilized its funding as it has completed bank borrowings to refinance its acquisition loans and to offer a redemption of Copeinca' s senior notes," says Choi who is the Lead Analyst for China Fishery. Moody' s sees this as a significant step towards preparing for the consolidation of the company' s fishmeal businesses and for taking further action to improve the efficiency of its facilities in Peru. " Moody' s expects China Fishery' s credit metrics will stabilize at levels appropriate for its B2 ratings, in view of its eventual withdrawal from the Russian supply business and the debt incurred for its acquisition of Copeinca," says Choi. China Fishery' s adjusted EBITDA margin declined to 44.4% for the 12 months to March 2014 from 46.2% in 2013. The profitable Russian contract supply business, which has an EBITDA margin of 45% versus 35% for fishmeal, is now -- as indicated -- a smaller revenue contributor. But its EBITDA remained at a stable level of $271 million for the 12 months to March 2014 versus $256 million for 2013. The company' s Adjusted debt/EBITDA ratio was stable at 4.6x for the 12 months to March 2014 versus 4.7x for 2013. However, its EBITDA interest coverage dropped to 3.9x from 5.1x six months ago due to the increased financing costs for Copeinca' s senior notes and new term loans. Moody' s expects China Fishery' s credit metrics -- debt/EBITDA of 4.5x-5x and EBITDA/interest of 3x-3.5x -- in the next 12-18 months will continue to support its B2 rating level. China Fishery' s liquidity position remains adequate. As of March 28 2014, it had $51 million in cash. Moody' s expects more cash will be received in coming months as the company traditionally releases inventories and receivables after its fishing season which ends in January. Moreover, China Fishery expects to receive $80 million from its Russian suppliers in 3Q 2014, which will help it redeem the outstanding senior notes of Copeinca and repay its short-term debt. The principal methodology used in these ratings was the Global Protein and Agriculture Industry published in May 2013. Please see the Credit Policy page on www.moodys.com for a copy of this methodology. China Fishery Group Ltd is headquartered in Hong Kong and listed in Singapore. It is engaged in three business segments: (1) the Contract Supply Business of Alaska pollock -- a species of cod -- in Russia' s northern Pacific area, through agreements with suppliers (2) the production of Peruvian fishmeal and fish oil, and (3) fishing fleet operations. China Fishery is 46.5% effectively owned by the Pacific Andes group, through Pacific Andes International Holdings Ltd (PAIH), a Hong Kong-listed integrated fish and seafood products processor. The Carlyle Group, a global alternative asset management firm, holds an 11.1% stake in the company. |
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| 11-May-2014 08:37 |
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Global economic outlook is brighter and tipped to boost corporate earnings. Stocks offer better return than fixed income assets. Interest rates and bonds will continue to remain low for now. Agreed with you now till July could be a time to accumulate for the next move. Afterall the Fed' s bond-buying programme is expected to end in October this year. The interest is likely to stay low until mid 2015 .... |
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| 09-May-2014 08:40 |
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S69, is correct there is different in Organic and Aquaculture fish ... Enjoy reading while you wait and be comfortable 
Government Warns Fish Farmers About Antibiotic Use 08 May 2014PHILIPPINES - The Bureau of Fisheries and Aquatic Resources (BFAR) has warned fish cage and fish pond operators against feeding fish stocks with antibiotics to hasten their growth.
Dr Evelyn C. Ame, Chief of the Fisheries Resources Management Division revealed that there were fish farmers particularly in Buguey town using antibiotics as fish growth booster. The use of antibiotics, according to Ame, poses danger to humans who consume the fish because it remains in the system of the fish. " As consumers, we are at risk because based on conducted studies, antibiotics is cancer-causing agent," Ame bared. She likewise advised fish cages and fishpond operators to observe proper stocking and feeding and should clean net cages after harvest. To intensify the campaign, BFAR is set to conduct training on Good Aquaculture Practices to fish farmers as part of this year' s Farmers and Fisherfolk Month celebration. |
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| 08-May-2014 21:56 |
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Happy reading while waiting .... Commercial deep-sea fishing off of Peru' s coastal belt of over 3,000 km (1,860 mi), is a major enterprise. Peruvian waters normally abound with marketable fish: bonito, mackerel, drum, sea bass, tuna, swordfish, anchoveta, herring, shad, skipjack, yellowfin, pompano, and shark. More than 50 species are caught commercially. There are over 40 fishing ports on the Peruvian coast, Paita and Callao being the most important centers. The Peruvian fishing industry, primarily based on the export of fish meal, used in poultry feed, is among the largest in the world. Peru' s fishing sector led the world during the mid-1960s, although production since then has fluctuated radically. In the 1970s, overfishing nearly lead to the disappearance of the anchovy resource. The fish meal and fish-processing industry is managed by Pescaperú , which was founded in 1973. The key to Peru' s fishing industry in any given year is the presence or absence of El Niñ o this warm ocean current displaces the normally cool waters deep in the Pacific, thereby killing the microorganisms upon which other marine life depends. The recurrence of El Niñ o causes the disappearance of anchoveta and a sharp fall in the catch of other species. The average annual catch during 1991&ndash 2000 was 8,515,000 tons. The total catch in 2000 was 10,658,620 tons, second highest in the world after China. That total included 9,575,717 tons of anchoveta, 226,294 tons of South American pilchard, and 296,579 tons of Chilean jack mackerel. Exports of fish products in 2000 amounted to $1.13 billion. To suppress invasion of their rich fishing grounds by foreign powers, Peru made formal agreements with Chile and Ecuador to extend the rights to their coastal waters out to 200 nautical mi. Violations of the proclaimed sovereignty by Argentine and US fishing fleets in 1952 and 1954 gave rise to shooting incidents. Since then, US fishing boats have occasionally been seized and fined or required to purchase fishing licenses after eight US tuna boats were taken in November 1979, the United States retaliated by imposing a temporary embargo on Peruvian tuna. |
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| 08-May-2014 18:57 |
China Fishery
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I' m sure wild fish is going to be a luxury commodity, undeniable the future or prospect looks good ..... but 20 years is kind of long to wait. The feeling I get is 万 事 俱 备 只 欠 东 风 , .... I' m sure when the last piece of the puzzle is in, this BB is going to fly. Enjoy fishing might as well. Cheers ... weekends is near
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| 07-May-2014 21:42 |
Wee Hur
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Look interesting, 52 weeks low is at $0.315 . With Singapore evolving in term of landscape for the population increase .... can consider |
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| 29-Apr-2014 11:01 |
China Fishery
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Aquaculture farm is increasing output to replace the shortfall but not all fish can be farmed. Majority of tuna is caught wild ... " Is like Organic versus Genetic Modified One" There are two types of fish production: " capture" (or wild) and " aquaculture" (or farmed). " Fish are getting more expensive, but they do not all move at the same speed" which means the price of wild will be more expensive. One need not increase the catch, for the same quantity of fish the profits is much more with the increase in price ..... Imagine " In 20 years' time people will think of wild fish like we now think of venison." China Fishery will still be the darling of S-chip
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| 29-Apr-2014 10:15 |
China Fishery
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This article starts by saying " It is a good time to be a fisherman." and the title " Fish are getting more expensive, but they do not all move at the same speed" Frank Asche of the University of Stavanger, who helped to devise the FAO fish-price index, sees parallels with the divergence between farmed meat and wild game. As the supply of wild fish declines relative to farmed fish, it will become a luxury commodity, he explains. " In 20 years' time people will think of wild fish like we now think of venison." Suppliers of wild fish, for their part, must slither into niche markets. Stockpicker " The message is not about El Nino or the quota ..... " , rather how high is the price of fish going to be sold. In the past, fisherman is not encourage but now " It is a good time to be a fisherman" . Haha ... things change
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| 28-Apr-2014 12:28 |
China Fishery
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Stockpicker, once again thanks for the statistic and graph. Everything is good except the figure for Aquaculture ... how they get 83.732 (1,000 tonnes) ??? This figure happened to be in 2011, we have seen report that the demand for fish is China and around the globe has increased over the years ..... there is a limit as to how far Chinese can increase or expand their farms and not forget the Diaoyu / Senkaku islands dispute (NOT RESOLVED YET). That' s why so many funds are wanting fishing companies in Peru ??? Anyway as mentioned " The fishing situation in Peru will be clearer in the next few days .... " Guess it is all about the price ..... |
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| 27-Apr-2014 07:24 |
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Stockpicker, thanks for the report. It said " 2010 was a very special year, during which both moderate " El Niño" event and " La Niña" occurred, reducing quotas and catch by almost half the volumes of a normal year. Despite that, cash flow generation was strong." Since this 2010 happening, Peru Production Ministry is watchful and mindful of it. They have brought forward the date of first fishing season to 23 April which is 3 weeks ahead. The fishing companies are also more prepared and have better understanding of the effect. They are confidence of bringing the catch 2.5m tons quota. " The fishing situation in Peru will be clearer in the next few days .... " as reported.
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| 11-Apr-2014 00:31 |
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Newbie, any comments ? Thanks
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| 07-Apr-2014 08:31 |
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Interesting the first season of anchovy and white anchovy fisheries from 23 April and second season of last year 2013 reported good catch.Patience and await more reports as the season is starting early this time. 
" Because of this, results for next year won& rsquo t be worse than 2013, as only with the second season of this year we have already caught 2.3m metric tons, which represents 85% of total catches considered in our 2013 financial results," Briceno said. |
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| 07-Apr-2014 08:26 |
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Interesting the first season of anchovy and white anchovy fisheries from 23 April and second season of last year 2103 reported good catch.&ldquo Because of this, results for next year won&rsquo t be worse than 2013, as only with the second season of this year we have already caught 2.3m metric tons, which represents 85% of total catches considered in our 2013 financial results,&rdquo Briceno said.Exalmar CFO expects higher anchovy quota to boost sales in 2014
November 27, 2013, 8:00 am
Pesquera Exalmar, Peru&rsquo s third largest fishmeal producer in terms of volume, expects a considerable improvement in its financial results in 2014 as higher anchovy catches will boost sales, said the company&rsquo s CFO Raul Briceno. This should be a welcome relief following the results of 2013 &mdash the year is proving to be Exalmar&rsquo s worst year since 1998, said the company&rsquo s CEO, Rossana Ortiz. Peru has two anchovy fishing seasons a year, the first usually running from May to July, and the second running from November to the end of January. Even when these seasons correspond to the same year, the second season&rsquo s catches are usually sold almost entirely in the following year. This is why Exalmar&rsquo s 2013 financial report reflects the catches of last year&rsquo s second season (when the quota was slashed to 732,000t) and this year&rsquo s first season (quota set at 1.9m), totaling 2.7m metric tons. 
This is a number that Exalmar expects to increase substantially, to 4.8m in 2014, said Briceno. Specifically, for 2014, Exalmar will include the second season&rsquo s catches of 2013 (quota set at 2.3m) and the first season of 2014, which is expected to have a quota of 2.5m metric tons, totaling if so 4.8m metric tons, Briceno told Undercurrent News. &ldquo Because of this, results for next year won&rsquo t be worse than 2013, as only with the second season of this year we have already caught 2.3m metric tons, which represents 85% of total catches considered in our 2013 financial results,&rdquo Briceno said. Exalmar&rsquo s fishmeal sales by the end of September 2013 fell to 60.6t, a 41% drop year-on year, as a consequence of the dramatic decrease of anchovy quotas. Even when average prices this year ($1,675/t) were higher than last year ($1,279/t), revenues by Q3 2013 reached $101,428, a 22.7% drop when compared to the same period in 2012. After a peak of fishmeal prices at around $1,800/t in Q2, prices are expected to remain stable between $1,400-1,500 per ton, Briceno said at a conference call on Nov. 26 in Lima, Peru. &ldquo Even when these prices are not as high as before, volumes for 2014 will compensate the low prices,&rdquo Briceno said. Fishmeal industry players recently canvassed by Undercurrent News also said they expected prices to remain flat in the near future. Beside flat prices, slow demand in China &mdash Peruvian fishmeal&rsquo s main market &ndash could represent another challenge for Exalmar. China&rsquo s fishmeal imports this year are expected to be down by 250,000t compared to last year, according to Austevoll&rsquo s Q3 report. Ortiz, however, said the company has recovered the demand for the year in China as a consequence of the strong aquaculture activities in the country. &ldquo We export around 55% [fishmeal production] to China, now the market is very stable,&rdquo Ortiz said. Briceno pointed out this year had been its the worst since 1998, as Exalmar saw results collapse for the first nine months of the year &ndash profits decreased 69.9% year-on-year to $6.4 million &mdash after a late fishing season start and lower catch quotas, which depressed stocks and production. |
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