March 17, 2009 / 10:55 AM / 11 years ago

Marine Harvest seeks Norway fish farm rule revamp

OSLO, March 17 (Reuters) - Norway should allow greater concentration in its fish farming industry to allow market leader Marine Harvest MHG.OL to grow domestically, its board member said on Tuesday.

Tor Olav Troim said Marine Harvest, already the world’s biggest fish farmer, held 25 percent of Norwegian fish farming concessions and could not invest further in its local market, forcing it to seek for growth abroad.

“We cannot invest money in Norway, (because) we are already at the limit of the 25 percent of concessions you can own,” he told a seminar.

Troim said that in Norway, rules were crafted for one strong bank, one strong airline and one strong oil company, but in the fish export industry numerous players were competing.

“It does not help to have 1,000 men selling fish internationally. But it helps to have one exemplary corporation that can act as a spearhead for all the others,” he said.

“We are on our way to becoming an exemplary company.”

Marine Harvest has fishing and processing operations throughout Europe, North America, Asia and Australia. Fish disease has in recent years hit its output from Chile. (Reporting by Aasa Christine Stoltz, editing by Will Waterman)

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