What will the effect be on Maruha Nichiro and the global whitefish market?
Even though the quota reduction will certainly affect our bottom line, we firmly believe in sustainability. Well-managed fisheries have upward and downward cycles, and Alaskas sustainable fisheries practices will ensure the resources will be available for future generations. The drastic quota cut will require us to operate more efficiently and increase pricing. The demand for whitefish globally will be stronger due to the quota cut. How are rising fuel prices affecting Maruha Nichiros bottom line? Fuel costs have affected every company worldwide and their bottom lines. Both our Alaska operating and freight costs are up significantly. Fuel costs are hitting the fishing fleet especially hard. Westward and Alyeska are doing their part in reducing their dependency on petroleum-based fuels by burning fish oil, a byproduct produced at their plants. They are producing their own bio-fuels, which reduce costs and are better for the environment. What is Maruha Nichiro doing to ensure its seafood
