Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Vessel investment secures NZ fishing jobs

Vessel investment secures NZ fishing jobs

The decision to invest in a 63 metre freezer factory trawler means Sealord is securing 84 fishing jobs and its on-shore support teams.

Sealord has purchased the Ocean Dawn, a vessel that has been under contract to the fishing company since July 2011, thanks to increases in sustainable hoki quota, its most important species.

General Manager Sealord Fishing, Doug Paulin, says the decision to invest in the vessel is a reflection of Sealord’s confidence in the sustainability of hoki and commitment to New Zealand based fishing operations.

“This investment is substantial at close to NZD 20 million and underlines Sealord’s confidence that hoki is one of the world’s most sustainable white fish species with considerable upside in the future in both value and catch,” said Paulin.

New Zealand hoki was the first white fish species to be certified through the global Marine Stewardship Council (MSC) programme in 2001 and has now been certified three times with the last recertification being objection free.

The robust, independent assessment looks at stock health; impact on the environment and fisheries management.

Hoki is the target species for Ocean Dawn and the fish makes up around half of Sealord’s revenue by value.

Investment will go beyond the purchase with work underway to refit and improve the on-board factory and the addition of a gym for the crews. Upgrades of crew quarters and a five year refit will take place when the vessel goes into dry dock at the end of 2015.



© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news