1. Conducive framework for investments in aquaculture Presentation Norad Bangkok 17 Jan 2013
By:
Bjørn Myrseth
Vitamar A.S.
Telephone
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2. Bjørn Myrseth – education and experience
Master degree of fishery biology University of Bergen 1971
Worked with fish farming since 1970
Worked as manager and owner and operator
Founding member of European Aquaculture Society in 1976
Sea Farm A.s. from 1971 to Partner and CEO
Worked internationally with establishing fish farms in Scotland, USA and Canada
Listed Sea Farm on the Oslo Stock Exchange in 1985
Started Marine Farms A.S in 1987
Worked as owner and CEO
Invested in Chile, Scotland, Greece, Spain and Norway
All the farms developed into succesfull companies
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3. Bjørn Myrseth - education and experience (continued)
Many years of experience from marine hatcheries,cage farming, fish processing and sales and marketing Listed Marine Farms on Oslo Stock Exchange in – Marine Farm ASA purchased by Morpol ASA and delisted Receive FEAP award for Excellence in aquaculture 2012 Elected chairman of Morpol ASA Course at AIT on tilapia production December 2012 – Morpol ASA sold to Marine Harvest
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4. Bjørn Myrseth - experience
Sea farm A.S – stock market 1985 – merged with Marine Harvest ASA
CEO
Marine Farms A.S – stock market 2006 – sold to Morpol ASA – sold to Marine
CEO –owner CEO Chairman Harvest
Incorporate Vitamar A.S as a company for investments and consultancy services
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6. Conducive frame work An enabling environment require: Political will
want it to happen
Functional institutions
Markets
Research and Innovation
Environmental conditions
Capital

7. Conducive farmework What do I look for as an investor?
Species
Markets
Environment
Technology
Legal framework
Infrastructure
People
Finance
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8. Selection of species to farm
High price (or low cost of production)
Closed life cycle
Known technology
Known environmental requirements
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9. Markets Local demand Local species or accepted exotic species
Export markets
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10. Environmental conditions in the country I want to invest
Temperature and salinity
Water quality in general – contaminants
Environmental data :
Wind data
Wave data
Currents in general
Algal blooms
Depth of water
Fresh water flow
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11. Conducive environment Infrastructure
Roads
Electricity
Harbours
Fish processing capacity
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12. Conducive environment Technology
We can use a known technology
Ponds or cages
Known hatchery technology
Feed requirements are known and feed available
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13. Conducive environment People
Possible to train people
Labour costs not important
Labour quality more important
Committed
High work ethic
Trainable
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14. Conducive environment Legal framework I
100% foreign ownership preferred
Rights to sites
Long leases
Renewable leases
Big leases (related to carrying capacity)
Transferable rights
No limit to number of sites for one operator
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15. Conducive environment Disease prevention
The biggest operational challenge FISH DISEASES
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16. Conducive environment Legal framework for disease prevention
Fallowing
Site rotation
Year class (lot) separation
Distance between farms
No aquaculture parks!!!!
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18. Conducive framework The leagal process
One stop handling of applications
Clear EIA content
Time limit for handling of the application
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19. Conducive environment Finance
Importation of equipment and feed tax free
Corporate tax reductions on profits not so important
Banks do not belive in aquaculture – too high risks –nothing to mortgage
Stock insurance
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20. Conducive framework Information
All information packets to investors relate to investments in industry or agriculture
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21. Conducive framework Conclusions
Asia has the right natural conditions environment between 10 degree N – 10 degree S no storms experience Need better legislation Better disease prevention (legislation, vaccines and diagnostic services) Infrastructure developments R & D in all areas of aquaculture ASIA CAN FEED ITSELF AND MOST OF THE WORLD WITH FISH
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