Oceana Group

Friday, 3 July 2015

Investors

Oceana Group Limited's 2014 Integrated Report provides material information relating to the group's strategy, governance practices and performance for the financial year ended 30 September 2013

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Blue Continent Products

Oceana Group

Blue Continent Products specialises in the fishing, processing, procurement, international market distribution and trading of local and foreign caught demersal species.

Horse mackerel

Oceana’s horse mackerel business is conducted through subsidiaries Blue Continent Products (BCP) in South Africa and Erongo Marine Enterprises (EME) in Namibia, and through Oceana International on the Isle of Man.

Oceana International is a trading company sourcing frozen fish globally, including horse mackerel, for the African market. Horse mackerel is widely consumed in Southern and West Africa from South Africa to Ghana and Nigeria.

EME, as an operating company, owns three Pulkovsky meridian / BATM type vessels. The three vessels are each 104,5 metres in length with 4 407 gross registered tons. The combined annual catch of horse mackerel for the three vessels is approximately 100 000 metric tons. The vessels carry two fisheries inspectors who act as compliance observers. EME is centred in Walvis Bay, where selected joint ventures with key empowerment partners afford Oceana access to sustainable quotas plus a wealth of local expertise.

In South Africa, BCP harvests its fishing rights with a dedicated midwater trawler, the Desert Diamond valued at R280 million. The Desert Diamond also has scientific observers on board for every trip. They collect data for research purposes, as well as conducting compliance duties. BCP runs a cadet training programme on board the Desert Diamond. For more information on this initiative, please click here.

Oceana’s product quality controllers are on board every fishing trip in South Africa and Namibia. Training of local marine engineers and technical staff continues, supported by graduate recruitment programmes.

Hake

Blue Continent Products operates seven bottom trawlers, which catch hake, monk, kingklip and other by-catch that are processed and frozen at sea. The hake catch is made up of its own commercial fishing rights allocation, as well as that of its joint venture partners. It is caught using deep-sea trawlers, Compass Challenger, Realeka, Toralla, Sandile, Beatrice Marine, Isabella Marine and Maria Marine. All hake and joint venture product are boxed and frozen at sea. The hake products are sold on local and export markets, particularly in Spain, Portugal, Netherlands, Australia and Korea.

The South African hake trawl fishery is MSC certified, which confirms compliance with the MSC’s rigorous standards concerning responsible and sustainable fishing. BCP holds a Marine Stewardship Council (MSC) certificate for compliance with the MSC chain of custody requirements for its hake products.

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Hake: Horse mackerel: