How does the Group’s global fishing operations guard from natural disasters, including El Nino?
Tsunami once translated is harbour wave. As the name suggests, tsunamis affect the coastline, therefore our fleet are guarded from this as we operate mainly on the high-seas. Hurricanes affect only our North Pacific operations. Furthermore, our vessels are equipped with advanced weather-tracking systems, enabling us to pre-empt drastic weather situations. Bird flu, mad cow, foot & mouth disease have no negative impact on the Group’s business. On the contrary, they are likely to spur more fish consumption. For example, if chicken, beef, or pork were not safe to eat, this will to some extent increase preference for fish. El Nino affects the equatorial waters, including Peru. During the El Nino period, the region’s waters will go through a warming episode. The warm water disrupts the food chain of fish, thus creates a temporary supply shortage of Peruvian Anchovies. However, historical trends indicate the temporary shortage is followed by excess supply. Thus, the El Nino carries no negati
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