Sea Harvest lost about a tenth of its hake allocation and felt a reduction in its total allowed catch through the process
Fishing group Sea Harvest lost about a quarter in operating profit in the first half of 2022 as the government’s Fishing Rights Allocation Process cut its hake volumes and higher fuel prices pushed up operating costs.
Sea Harvest lost about a tenth of its hake allocation and saw a reduction in its total allowed catch through the process by the department of environment, forestry and fisheries, which allocated commercial fishing rights to ensure sustainable harvesting of the country’s marine resources while addressing historical inequalities by allowing new entrants...
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