Share
- Release Date: 22/05/12 17:10
- Summary: GENERAL: SAN: Sanford Limited - Continuous Disclosure
- Price Sensitive: No
- Download Document 1.54KB
SAN
22/05/2012 15:10
GENERAL
REL: 1510 HRS Sanford Limited
GENERAL: SAN: Sanford Limited - Continuous Disclosure
SANFORD LIMITED
SUSTAINABLE SEAFOOD
22 May 2012
PRESS RELEASE
"Sanford Respects Government Decision on Foreign Charter Vessels"
While respecting the Government decision today on foreign charter vessels it
is unfortunate that the irresponsible actions by some operators, particularly
in respect to the Oyang vessels, have necessitated this action. Regrettably
those irresponsible actions have caused damage to New Zealand's international
reputation as a responsible and reputable fishing nation and forced the
Government to make this decision.
Sanford Limited has had a policy of 100% observer coverage onboard its Korean
charter vessels for more than 10 years and has been able to deal with any
issues that have occurred in a responsible and timely manner.
Sanford continues to actively seek ways to improve processes on board its
four foreign flagged charter vessels to ensure that the conditions aboard its
charter vessels reflect New Zealand standards and requirements and will
continue to do so for the next four years.
The effect of this decision is not immediate as there is a four year phase in
period which will give us time to assess what our options are going forward.
The decision will also have to be considered by the current vessel owners to
determine the effect and their willingness to allow the vessels to be
reflagged.
Eric Barratt
Managing Director
021 325 209
End CA:00223133 For:SAN Type:GENERAL Time:2012-05-22 15:10:46
