Back to business for Novanam
03 July 2020 | Fishing
After the completion of catching its own quotas and that of its associates and partners last week, NovaNam sent home 1 800 of its Lüderitz-based employees on 29 June.
These employees were from all levels of the business, from factory operators and fleet crew, up to and including management.
The company said in a statement released today that based on the quotas allocated, it should be able to operate until approximately the end of August and the first week of September.
The company said that with the quota awarded to it last night, their quota for the current hake season is 23% less than previous seasons with the same Total Allowable Catch (TAC).
The company said it was evaluating the overall impact of this significant cut in its quotas on its business model, where after it will engage with its stakeholders.
According to the statement, the ministry of fisheries and marine resources engaged the company on 30 June, confirming that quotas were being released from as yet undistributed portions of the Hake TAC for the 2019/2020 season.
Upon receiving this confirmation, the company immediately commenced with operational planning, and the fleet will return to the fishing grounds between 1 July and 3 July.
The current fishing season ends on 30 September. The new hake fishing season commences on 1 November, as October is the traditional biological stoppage period.
NovaNam expanded its fleet last year with the acquisition of three wet-fish trawlers for its NovaNam and Lalandii subsidiaries. This was coupled with a N$450 million investment in wet-fish trawlers for its Namibian and Mozambican operations.
NovaNam, part of the Pescanova group of companies, was established in 1990. Lalandii was acquired by NovaNam in 2005 after the latter had been placed into liquidation by its former owners. These companies employ 2 100 workers, of which 1 800 are based at its wet-fish operations at Lüderitz.
A further 300 people are employed in NovaNam's freezer fleet operations at sea and its fish-processing plant in Walvis Bay.