Although cod and haddock quota increases for the Norwegians will help -- 16 percent for cod and 25 percent for haddock – changes to the harvest patterns are also required, said the CEO, who started Oct. 4 from Marine Harvest.
“Increased cod quotas will strengthen the Norwegian filleting industry, but to achieve a profitable industry it is necessary to have less seasonality for cod harvesting,” said Farstad. “This would prevent layoffs and thus help to secure jobs. In addition, we are considering potential opportunities of improved profitability with a more flexible fishing fleet, as well as looking at different opportunities to develop our processing segments in a more market-oriented direction.”
Aker