NEWS: Announcements


Archive for the ‘Announcements’ Category

The advantage of exporting pangasius due to the weather

Thursday, June 24th, 2010

The below article is provided by the Saigon Times – their English is a little tricky, but the information is valuable:

Exporting pangasius of Vietnam from beginning of year till now is in advantage because the winter’s climate in Europe is severe this year and the regulation of access the fishing seafood’s origin in this market, it makes the source of supply reduce strongly

Mr. Duong Ngoc Minh, head of management board for exporting pangasius to Russia, said that exporting pangasius of Vietnam is now in advantageous condition, more orders, the export price’s increase pushed the pangasius’ price in January 1.000 VND/kg in addition compared to the December of last year

The unusually severe and long winter in Europe made the fishing seafood be fewer, and the problem that EU gave the regulation of accessing origin of fishing seafood importing to this market from the beginning of this year made the source of supply of fishing seafood in EU reduce strongly

“This is the chance for raising seafood as Vietnam pangasius or Norway salmon”. He said and added, the present severe winter in China also makes the raising Tilapia’s source of supply in this country reduce strongly in the international market

Additionally, because the economic has lasted for 2 year, 2008 and 2009, importers have reduced buying output and now, the fishes in stock of importers was empty, so it is necessary to buy for their market in 2010

Exporting pangasius of Vietnam last year got 1.34 billion USD, reduced 7.6% compared to 1.45 billion USD of 2008 due to global financial crisis

Source: Saigon Times Online

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Portunus Group in strategic partnership with SeaCapital Group

Tuesday, November 3rd, 2009

Portunus Group form strategic alliance SeaCapital – Sustainable Resources. Cultivated Opportunity.

SeaCapital is the first private equity firm dedicated solely to investments across the sustainable seafood value chain. Our mission is to advance sustainable and safe seafood resources by investing in companies and technologies that promote innovation and responsible development.

Our focus is to invest in growth-oriented companies across the seafood value chain in partnership with exceptional management teams. SeaCapital focuses on organizations with considerable growth prospects and works closely with management to create and execute an expansion plans that encompass organic growth and strategic acquisitions.

Our principals collectively have more than 100 years of seafood and finance industry experience including a distinguished track record of working with management teams to build companies into larger and more deeply integrated organizations. We invest solely in the sustainable seafood value chain where our significant experience in operations, strategy, and corporate finance will add significant shareholder value. Since 2003, our team has completed eleven strategic acquisitions and divestitures with an aggregate value of more than $120 million.

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Portunus launches new corporate website

Thursday, September 3rd, 2009

Portunus Group with corporate offices on 4 continents launches its new corporate website, and is gearing the company up for an aggressive growth strategy in 2010. Palmi Palmeson, Chairman and CEO of the Group, says that the company is slated for 300 percent sales growth in the coming year. New markets including Brazil are proving to be more lucrative than previously estimated. Portunus Group has recently teamed up with for-profit business incubator, Kompani Group – based out of Miami and Chicago. Kompani Group will implement a slew of business management and efficiency tools into Portunus Group’s operations, improve on the current brand assets as well as cost efficient optimize every facet of Portunus Group’s sales and marketing efforts.

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