Marine Harvest reduces harvest volume
Marine Harvest ASA has previously provided an estimate of total harvest volume for 2007 of 370,000-390,000 tonnes gutted weight. This figure excludes Pan Fish Scotland, which is held for sale due to the remedies set forth by French Competition Authorities. In preparation for the divestment of Pan Fish Scotland, Marine Harvest has transferred Fjord Seafood Scotland (Outer Hebrides Seafood) and certain sites from Marine Harvest Scotland to Pan Fish Scotland. These entities will consequently be reported as held for sale from Q3 2007, reports the company. Their harvest volumes will not be included in the reporting for Marine Harvest Scotland going forward and goes to reduction of the harvest volumes which will be reported for 2007. The estimated harvest volumes for these entities are in the range of 10,000 tonnes gutted weight in 2007. Mainly as a result of the challenging biological situation in Chile, lower volumes than expected have been harvested in Q3. This development is expected to continue also in Q4. As a consequence Marine Harvest has reduced its harvest volumes estimate for 2007 to 335,000- 345,000 tonnes, of which appr. 95,000-105,000 tonnes are estimated to be harvested in Q4.