Higher cod quota for Aker Seafoods

Following a re-allocation for the 2011 quota year, Aker Seafood has been given increased cod quotas of about 4 percent.

Based on the current regulations a total of 10,016 tons of Northeast Arctic cod will be divided among Norwegian fishermen. That implies an increase for each cod quota from 46 tons to 1,183 tons.

Aker holds a total of 29.6 licenses for cod trawling.

“An increase in the cod quota will result in an improvement of Aker Seafoods’ operations for the second half-year,” said Thomas Farstad, CEO. “Increased quotas on conversional vessels are also positive for Norway Seafoods and could contribute to an increased access for cod for the remaining year.”