Close
Strong demand for wild caught fish buoys performance
MRA Online

Strong demand for wild caught fish buoys performance

Sea Harvest Group posts revenue increase

SOUTH AFRICA: Benefiting from improved pricing and strong demand in wild-caught fish, the Sea Harvest Group has recorded a three percent revenue increase to R3.3 billion over the last six months.

Acknowledging the tragic incident that saw the loss of 11 crewmen during the same period, CEO Felix Ratheb described the first six months of the year as the “toughest months in the history of the Group”.

“The Board, management and staff extend our deepest condolences to the families and loved ones to the 11 crewmen lost at sea. As, a Group, we continue providing support to the affected families, whilst continuing to cooperate with the investigation into the incident by the South African Maritime Safety Authority (SAMSA),” he said.

The Group has completed the strategic acquisition of Aqunion and Saldanha/Westpoint Fishing which sees the company diversifying their exposure to include pelagic fishing. It has also effectively doubled their abalone business.

Commenting on the acquisition, Sea Harvest Group Chairman, Fred Robertson, noted that the transaction served to increase earnings and create a stronger business. “This transaction has increased black ownership in the fishing and abalone industries and broadened Sea Harvest’s shareholder base,” he added.

Lower catch volumes in the hake fishery were offset by significantly higher prices. “As we continue into the second half of 2024, we look forward to the fish volumes still available to be caught by the Group,” says Felix.

“With the addition of Sea Harvest Pelagics and Aqunion and the potential decrease in of interest rates, the Group looks forward to an ease in operating conditions for the rest of the year,” concluded Felix.

Print
884

UNLOCK MARITIME OPPORTUNITIES

We’re offering a massive 25% discount on our annual Maritime Tender Alert Subscriptions as part of our extended Black Friday sale.


🚀   Receive real-time alerts for maritime tenders worldwide, giving you a head start on opportunities
🚀   Our comprehensive database covers everything from port services to vessel maintenance contracts
🚀   Stop manually searching multiple sources - we aggregate all relevant tenders in one place
🚀   Easy to access bid documents with a simple click through
🚀   Track trends in maritime procurement in Africa
🚀   Monthly spreadsheet of all tenders (Premium subscribers only)

SUBSCRIBE NOW

 525 TENDERS PUBLISHED IN 2024


SAVE AND WIN     |    SUBSCRIBE BEFORE 30 NOVEMBER

DOUBLE PRIZE DRAW: Subscribe before November 30th 2024 and you will automatically  be entered into our exclusive draw to win one of TWO amazing prizes!


One lucky new subscriber will WIN THEIR SUBSCRIPTION FREE - receiving a full refund on their fee.*

PLUS, you could be the subscriber that wins a premium THREE-MONTH ADVERTISING BANNER (valued at R12,000) on the Maritime Review Africa website. *


WINNERS WILL BE ANNOUNCED ON MONDAY, 2 DECEMBER 2024. 

* Only subscribers who sign up AND pay by 30 November 2024 will qualify for the prize draw. 
Discount and prizes do not apply to the Trial Subscription


image

LATEST NEWS

No content

A problem occurred while loading content.

Previous Next

Subscribe to newsletter

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us. We will treat your information with respect. You agree that Maritime Review may process your information in accordance with its terms.
We use MailChimp as our marketing automation platform. By clicking below to submit this form, you acknowledge that the information you provide will be transferred to MailChimp for processing in accordance with their Privacy Policy and Terms.

CONTACT US

EMAIL:  editor@maritimesa.co.za
PHONE: +27 21 914 1157

Terms Of UsePrivacy StatementCopyright 2024 | More Maximum Media - publishers of Maritime Review Africa
Back To Top