FISHERIES
Sea Harvest subsidiary lands mackerel permits
The mackerel operations will be consolidated into a single vessel and surplus vessels sold
Recently listed fishing group Sea Harvest — which is controlled by empowerment group Brimstone — has cast its net wider in Australia. On Friday, Sea Harvest announced that its 56%-owned Australian subsidiary Mareterram had secured two mackerel-licence packages. Mareterram, which is listed on the Australian Stock Exchange, has also acquired an established fishing fleet and support vessels. Diversification into mackerel fishing provided scale and a complementary revenue stream to the Mareterram’s existing niches in prawn, scallop and crab fishing, said a spokesman for Sea Harvest, which is primarily a hake-fishing company with a frozen package brand that is a household name in SA.
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