{"id":303051,"date":"2021-04-12T09:00:59","date_gmt":"2021-04-12T07:00:59","guid":{"rendered":"https:\/\/informante.web.na\/?p=303051"},"modified":"2021-04-12T09:01:01","modified_gmt":"2021-04-12T07:01:01","slug":"fishcor-is-selling-more-hake","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=303051","title":{"rendered":"Fishcor is selling more hake"},"content":{"rendered":"<p>Ni\u00ebl Terblanch\u00e9<\/p>\n<p>\u00a0<\/p>\n<p>STILL faced with some serious financial challenges, the Namibian Fishing Corporation (Fishcor) will host another hake auction in order to make ends meet.<\/p>\n<p>\u00a0<\/p>\n<p>Heinrich Mihe Gaomab II, the Chairperson of the Temporary Board of Directors of Fishcor, in a statement said the state-owned enterprise aims to sell 5 000 tonnes of its freezer quota to the highest bidder.<\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe Board has remained committed to addressing the challenges faced at Fishcor with a compassionate and humane understanding of the situation at the moment, whilst being cognizant of addressing the strategic, executive, and operational challenges,\u201d Gaomab said.<\/p>\n<p>\u00a0<\/p>\n<p>He said the public is aware of the fact that Fishcor has embarked on a turnaround strategy and while that process is ongoing, the company still has immediate debt and financial obligations to honour, hence the decision to auction off 5 000 tonnes of hake to freezer trawler operators.<\/p>\n<p>\u00a0<\/p>\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1379\" height=\"1569\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2021\/04\/Fishcor-is-selling-more-hake.jpeg\" alt=\"Fishcor selling hake serious financial challenges Namibian Fishing Corporation auction\" class=\"wp-image-303044\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2021\/04\/Fishcor-is-selling-more-hake.jpeg 264w, https:\/\/informante.web.na\/wp-content\/uploads\/2021\/04\/Fishcor-is-selling-more-hake.jpeg 900w, https:\/\/informante.web.na\/wp-content\/uploads\/2021\/04\/Fishcor-is-selling-more-hake.jpeg 768w, https:\/\/informante.web.na\/wp-content\/uploads\/2021\/04\/Fishcor-is-selling-more-hake.jpeg 1350w, https:\/\/informante.web.na\/wp-content\/uploads\/2021\/04\/Fishcor-is-selling-more-hake.jpeg 1379w\" sizes=\"auto, (max-width: 1379px) 100vw, 1379px\" \/><\/figure><\/div>\n\n\n<p>\u00a0<\/p>\n<p>The second Fishcor auction follows the success of the first auction where the state-owned company sold 3 000 tonnes of hake in January.<\/p>\n<p>\u00a0<\/p>\n<p>According to Gaomab, the company managed to generate revenue of N$39 million from that sale. They received a price of N$12 700 per tonne during the previous auction.<\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe auctioning of quotas is for the sole purpose of employee sustenance and to attend to ensured financial and debt obligations and addressing urgent overhead expenses,\u201d Gaomab said in his statement.<\/p>\n<p>\u00a0<\/p>\n<p>Fishcor\u2019s second hake auction for the year follows on the heels of the Ministry of Fisheries and Marine Resources\u2019 announcement that it too intends to sell 15 948 tonnes of hake on open auction.<\/p>\n<p>\u00a0<\/p>\n<p>The fisheries ministry said it aims to create revenue of nearly N$96 million for the state from their hake auction and invited both Namibian and international bidders to submit their offers for the government\u2019s portion of the Total Allowable Catch of hake.<\/p>\n<p>\u00a0<\/p>\n<p>The ministry is offering 11 164 tonnes of hake to wet fish processors and 4 784 tonnes to operators of freezer trawlers.<\/p>\n<p>\u00a0<\/p>\n<p>Namibian companies will be able to bid on half of the wet and freezer fish on offer while the other half will be available to international operators.<\/p>\n<p>\u00a0<\/p>\n<p>Building on the success of the January auction, Fishcor has set a reserve price of N$12 000 per tonne on the freezer quota and no limit with regards to tonnage or nationality was placed on prospective bidders.<\/p>\n<p>\u00a0<\/p>\n<p>Gaomab said that the company intends to create revenue of N$60 million through the freezer quota auction.<\/p>\n<p>\u00a0<\/p>\n<p>According to Gaomab, the closing date for bids will be on 21 April 2021.<br \/>In the meantime, bidding for the Ministry of Fisheries and Marine Resources\u2019 hake auction will be closed on Friday 16 April 2021.<\/p>\n<p>\u00a0<\/p>\n\n\n<div class=\"alignnormal\"><!-- MetaSlider 271797 not found --><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ni\u00ebl Terblanch\u00e9 \u00a0 STILL faced with some serious financial challenges, the Namibian Fishing Corporation (Fishcor) will host another hake auction in order to make ends meet. \u00a0 Heinrich Mihe Gaomab II, the Chairperson of the Temporary Board of Directors of Fishcor, in a statement said the state-owned enterprise aims to sell 5 000 tonnes of &#8230;<\/p>\n","protected":false},"author":10,"featured_media":303054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-303051","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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