- 1 - by: bjørn myrseth vitamar a.s. e-mail: [email protected]@vitamar.no...
TRANSCRIPT
MARINE FARMS ASAMARINE FARMS ASA- 1 -
By:
Bjørn Myrseth
Vitamar A.S.
E-mail: [email protected]
Telephone +4790554963
Conducive framework for investments in aquaculturePresentation Norad Bangkok 17 Jan 2013
MARINE FARMS ASAMARINE FARMS ASA- 2 -
Master degree of fishery biology University of Bergen 1971
Worked with fish farming since 1970
Worked as manager and owner and operator
Founding member of European Aquaculture Society in 1976
Sea Farm A.s. from 1971 to 1987. Partner and CEO
Worked internationally with establishing fish farms in Scotland, USA and Canada
Listed Sea Farm on the Oslo Stock Exchange in 1985
Started Marine Farms A.S in 1987
Worked as owner and CEO
Invested in Chile, Scotland, Greece, Spain and Norway
All the farms developed into succesfull companies
Bjørn Myrseth – education and experience
MARINE FARMS ASAMARINE FARMS ASA
Bjørn Myrseth - education and experience(continued)
Many years of experience from marine hatcheries,cage farming, fish processing
and sales and marketing
Listed Marine Farms on Oslo Stock Exchange in 2006
2010 – Marine Farm ASA purchased by Morpol ASA and delisted.
2011 Receive FEAP award for Excellence in aquaculture
2012 Elected chairman of Morpol ASA
Course at AIT on tilapia production
December 2012 – Morpol ASA sold to Marine Harvest
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MARINE FARMS ASAMARINE FARMS ASA- 4 -
Sea farm A.S – stock market 1985 – merged with Marine Harvest ASA
CEO
Marine Farms A.S – stock market 2006 – sold to Morpol ASA – sold to Marine
CEO –owner CEO Chairman Harvest
Incorporate Vitamar A.S as a company for investments and consultancy services
Bjørn Myrseth - experience
MARINE FARMS ASAMARINE FARMS ASA- 5 -
MARINE FARMS ASAMARINE FARMS ASA
An enabling environment require:
Political will
want it to happen
Functional institutions
Markets
Research and Innovation
Environmental conditions
Capital
Conducive frame work
MARINE FARMS ASAMARINE FARMS ASA
• Species
• Markets
• Environment
• Technology
• Legal framework
• Infrastructure
• People
• Finance
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Conducive farmeworkWhat do I look for as an investor?
MARINE FARMS ASAMARINE FARMS ASA
• High price (or low cost of production)
• Closed life cycle
• Known technology
• Known environmental requirements
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Selection of species to farm
MARINE FARMS ASAMARINE FARMS ASA
• Local demand
• Local species or accepted exotic species
• Export markets
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Markets
MARINE FARMS ASAMARINE FARMS ASA
• Temperature and salinity
• Water quality in general – contaminants
• Environmental data :
– Wind data
– Wave data
– Currents in general
– Algal blooms
– Depth of water
– Fresh water flow
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Environmental conditions in the country I want to invest
MARINE FARMS ASAMARINE FARMS ASA
• Roads
• Electricity
• Harbours
• Fish processing capacity
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Conducive environmentInfrastructure
MARINE FARMS ASAMARINE FARMS ASA
•We can use a known technology
– Ponds or cages
– Known hatchery technology
– Feed requirements are known and feed available
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Conducive environmentTechnology
MARINE FARMS ASAMARINE FARMS ASA
• Possible to train people
• Labour costs not important
• Labour quality more important
– Committed
– High work ethic
– Trainable
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Conducive environmentPeople
MARINE FARMS ASAMARINE FARMS ASA
• 100% foreign ownership preferred
• Rights to sites
– Long leases
– Renewable leases
– Big leases (related to carrying capacity)
– Transferable rights
– No limit to number of sites for one operator
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Conducive environmentLegal framework I
MARINE FARMS ASAMARINE FARMS ASA- 15 -
Conducive environmentDisease prevention
The biggest operational challenge
FISH DISEASES
MARINE FARMS ASAMARINE FARMS ASA
• Fallowing
• Site rotation
• Year class (lot) separation
• Distance between farms
• No aquaculture parks!!!!
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Conducive environmentLegal framework for disease prevention
MARINE FARMS ASAMARINE FARMS ASA
MARINE FARMS ASAMARINE FARMS ASA
Conducive frameworkThe leagal process
• One stop handling of applications
• Clear EIA content
• Time limit for handling of the application
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MARINE FARMS ASAMARINE FARMS ASA
• Importation of equipment and feed tax free
• Corporate tax reductions on profits not so important
• Banks do not belive in aquaculture – too high risks –nothing to mortgage
• Stock insurance
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Conducive environmentFinance
MARINE FARMS ASAMARINE FARMS ASA
Conducive frameworkInformation
• All information packets to investors relate to investments in industry or
agriculture
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MARINE FARMS ASAMARINE FARMS ASA
Conducive frameworkConclusions
Asia has the right natural conditions
environment
between 10 degree N – 10 degree S no storms
experience
Need better legislation
Better disease prevention (legislation, vaccines and diagnostic services)
Infrastructure developments
R & D in all areas of aquaculture
ASIA CAN FEED ITSELF AND MOST OF THE WORLD WITH FISH
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