Monthly Archives: February 2021

Amsterdam takes on the City in post-Brexit battle – Telegraph.co.uk

Posted: February 25, 2021 at 2:00 am

Another trend, say Dutch observers, is for foreign businesses to put physical entities in the Netherlands. The Netherlands Foreign Investment Agencyhas announced that218 Brexit companies have moved over since the 2016 referendum, including 45 financial businesses representing about 1,000 jobs.

Brexit is posing specific problems for specific types of companies -amongthem financial firms - and the Netherlands offers a very good ecosystem and safe space for companies in need of continuing their businesses on the European market, says spokesman Michiel Bakhuizen.

Amsterdam is a good alternative to the United States in his case, says Frank van Roij, managing director of ESG Core Investments. ESG is thefirst Spacto list on the Euronext Amsterdam this year; it wants to take a private business working onenergy transition or clean water public.

We are focusing on north-western Europe for finding a target company, and focusing on the environmental, social and governance [ESG] theme, he says. Here, we can facilitate a listing in the home market. ESG is a really important theme in Europe, with a lot of attention from institutional investors but also retail investors.Those elements made Amsterdam the obvious choice for us.

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‘You shouldn’t have treated UK like that!’ Viktor Orban blames EU and Juncker for Brexit – Daily Express

Posted: at 2:00 am

The firebrand prime minister questioned the decision to appoint Jean-Claude Juncker as the European Commissions president in 2014 despite protests from London. Mr Orban suggested it was a big mistake to treat a member state that is also a nuclear power and one of the blocs previous security guarantors with that much contempt. Asked how Brexit should have been avoided in a radio interview, the Hungarian replied: Ill give an example: when the British prime minister wanted someone other than Jean-Claude Juncker to be the President of the European Commission, the majority voted against that wish.

You cant behave like that with one of the worlds largest economies, a nuclear power and a member of the Security Council.

Was it worth it?

Mr Juncker, a former Luxembourg prime minister, became the blocs top official in 2014 despite opposition from David Cameron.

The then prime minister was strongly opposed to Mr Junckers belief in ever closer political union between EU member states.

He believed the Luxembourger was too federalist, too old school and not the sort of person to deliver reform in Europe.

Mr Cameron held talks with German Chancellor Angela Merkel to attempt to scupper the appointment.

He also spoke with then Italian prime minister Matteo Renzi, EU Council president Herman Van Rompuy and outgoing Commission boss Jose Manuel Barroso on the issue.

Despite the former British PMs attempts to block Mr Junckers appointment, the Luxembourger was eventually handed the EUs most powerful role.

Of the EUs then 28 leaders, only Mr Cameron and Mr Orban voted against Mr Juncker.

In his personal memoirs, Mr Cameron recounted how the stitch-up had help fuel euroscepticism in Britain.

He wrote: Jean-Claude Juncker, the prime minister of Luxembourg, was particularly dismissive of British concerns.

As a finance minister, hed been there at Maastricht when the journey to monetary union began.

MUST READ:Alex Salmond PULLS OUT of Holyrood committee hearing set for today

After that historic vote, there was no love lost between Mr Cameron and Mr Juncker.

The Luxembourger branded the Briton one of the greatest destroyers of modern times and said the former prime minister had banned the EU from playing any role in the Brexit referendum campaign.

We were forbidden from being present in any way in the referendum by Mr Cameron, who is one of the great destroyers of modern times, Mr Juncker said in 2019.

Because he said the Commission is even less popular in the UK than it is in other EU member states.

If we had been able to take part in this campaign, we could have asked and also answered many questions that are only being asked now.

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'You shouldn't have treated UK like that!' Viktor Orban blames EU and Juncker for Brexit - Daily Express

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Brexit brings import of gin and whisky from the UK to a virtual standstill – Retail Detail Europe

Posted: at 2:00 am

Since Brexit, (the smaller) whisky and gin distillers from the UK are having a particularly hard time exporting their products to the EU. The reason is very straightforward. Due to Brexit, the excise tax systems are no longer linked, which means all goods are stuck in warehouses awaiting the completion of formalities.

Dutch newspaper Het Financieele Dagblad told the story of several UK distilleries. The article reads like one long "I told you so" plead on the impact that Brexit would have on trade flows between the UK and the EU. The misery that the smaller players, in particular, are facing is exactly the one they were warned about in the run-up to 1 January this year. A reality constantly minimised by British Prime Minister Boris Johnson. Previously, it became clear that you have to be careful when ordering from British webshops.

Especially for goods subject to excise tax, the problems - and the bottles in the warehouses - are piling up. In theory, the international trade of those goods is subject to the suspension of excise tax until the products reach the end-users on the market. When the UK was still part of the EU, it was also part of the internal system that regulated the suspension automatically.

Since Brexit, however, the systems between the UK and the European trade bloc have been disconnected. Consequently, the formalities for the correct processing of these goods have since become a tangled mess for manufacturers and transporters.

In practice, a shipment of gin or whisky for the European market must first be completely processed within the British excise system. Then, a registered consignor - an intermediary authorised to ship such goods under the excise suspension scheme - has to re-register the goods from scratch in the European system. A difficult job, in which errors occur easily. Certainly, because the right knowledge regarding the procedures is not available everywhere.

The big players, who have their logistics in their own hands, manage to still get through this. But the smaller players, who depend on logistics partners, can't get through it. "At the moment, it feels like Europe is on another planet," the Dutch newspaper quotes a distillery from Edinburgh.

Small players do not achieve the volumes to fill a full truck that can be shipped to mainland Europe. This means that a transporter has to go through the entire paperwork for each pallet of cargo. The consequences are obvious: many transporters prefer to ignore goods subject to excise tax, out of fear that one specific pallet will hold up a whole shipment. This applies not only to alcohol but also to fuel and tobacco.

Of course, the frustration of the British distilleries is great. Although, one can't help but notice that there is no sign of panic. No one seems to think that this situation will result in big problems for the distilleries. But, European enthusiasts will notice it will become increasingly difficult to find certain British gins or whiskies in mainland Europe in the near future. "It's easier now to send those bottles to America. It's ridiculous," concludes one of the distillers.

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Pressing ahead with Festival of Brexit is a denial of reality – The National

Posted: at 2:00 am

WHAT Kevin McKenna terms the narrative of British exceptionalism is indeed under way to deify the disingenuous and indolent Prime Minister as the saviour of the UK and wallow in a parochial, jingoistic illusion of faded grandeur (This rottenness at UKs core is salutary reminder of why Scotland needs out, February 24). The alarming high death toll, cronyistic corruption and deviousness will be marginalised or conveniently forgotten altogether by a compliant media, followed by some Scottish independence bashing and flag venerating in preparation for the actual festival a misnomer if there ever was one of Brexit in 2022.

If there is one single event that will symbolise the deluded and hubristic nature of this Westminster government then look no further than this occasion, which received 29 million of public money at the end of last year and appears still to be taking place despite the economic, social and political carnage caused by the pandemic and the Brexit process. This, as Mr McKenna notes, speaks volumes for the warped priorities and Weltanschauung of Boris Johnsons Conservative administration.

READ MORE: Kevin McKenna:This rottenness at UKs core is salutary reminder of why Scotland needs out

It is fitting that this pseudo-triumphalist, anachronistic sophistry originated with the self-congratulatory Rees-Mogg and was originally rubber-stamped by the hapless Theresa May. The festival of Brexit represents an attempt to persuade the public to evade reality, a tired and cheap conjurers trick to induce mass acceptance of the big lie, Trump-style. To celebrate the division and chaos that Brexit has visited upon the Scottish people is a tired joke, a patronising attempt to play the bread and circuses card with a nation that has outgrown its place in the United Kingdom.

Mr McKenna is correct to identify the current issues within Scotlands ruling party at present but also to reiterate that the alternative to independence is too terrible to contemplate. A socially democratic, inclusive Scotland must continue to be the aim of everyone who craves independence and rejects the chauvinistic and unprincipled immorality of Westminster.

Owen KellyStirling

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Pressing ahead with Festival of Brexit is a denial of reality - The National

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Brexit border post in Scotland planned for checks on goods from Northern Ireland – Daily Record

Posted: at 2:00 am

A border control post is being prepared for goods coming from the EU into Scotland through Northern Ireland.

The Scottish Government set out the plan at Holyrood for a site at Cairnryan in Dumfries and Galloway.

It was described as a consequence of Brexit and means there will be checks on goods such as animals, fish, plants and food between different parts of the United Kingdom.

SNP government minister Michael Russell said most Scots did not vote for Brexit.

In these circumstances it is a practical, common sense and timely action to provides additional planning certainty while detailed proposals are developed and a site for this post is selected, he added.

Time is of the essence. I have twice written to the Chancellor of the Duchy of Lancaster to press for a decision on the need for this post, but it was only in January that the UK Government confirmed checks would be required on non-qualifying Northern Ireland Goods at Cairnryan.

Russell said he is waiting to hear whether HM Revenue and Customs would the site for their responsibilities.

A Special Development Order (SDO) was lodged in the Scottish Parliament to ensure planning permission is in place for the infrastructure.

The Scottish Government said it pressed ahead because the terms of the Brexit deal negotiated by the UK Government mean goods entering from the EU are subject to the same border entry requirement and controls as goods from the rest of the world.

The Cairnryan post is goods arriving from the Republic of Ireland and other EU states through Northern Ireland.

The government said 2.59 million tonnes of freight entered the ports at Cairnryan and Lochryan in 2019, equal to approximately 400,000 freight movements.

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Brexit and the NI Protocol – the difficult truths – RTE.ie

Posted: at 2:00 am

On last Tuesday night's Prime Time, Miriam OCallaghan was quizzing Tnaiste Leo Varadkar about several matters. It was civilised fare.

As the interview drew to a close Miriam brought up a controversy from Leos time as Taoiseach when it is claimed he leaked sensitive information to GP Maiti Tathail.

Miriam: "It is being said within the Fine Gael party some people are very unhappy about this issue and that it has made you less respected.Do you accept that and do you understand that if that is the case, why that is so?

Leo: "I have to say nobody said that to me ... perhaps they wouldnt ... butyou know,I think that anybody in their political career, and this goes for all of us in any career they have, all of us make mistakes on occasions. And I would never judge someone on their worst moments. I would always try to judge people on all the things that they tried to do. And thats what I would ask for everyone else."

Incidents, like that Leo one, involving public displays of fragility, linger. Maybe we are drawn to such moments because we recognise and empathise with a slice of our imperfect selves.

There was another example in 2002: Nora Owen's crushed state as she learned she had had lost her Dil seat. There was no possibility of shelter as she absorbed defeat before the cameras in a packed arena.

A Northern Ireland episode I will carry with me to the next address occurred on 13 December 2019. With his wife, son and daughter around him, the DUPs Nigel Dodds suffered public humiliation as he learned that his Westminster seat was gone.

Four times since 2001 Sinn Fins Gerry Kelly had tried but failed to wrestle the north Belfast seat from him. But at the fifth attempt and with a first-time candidate, John Finucane, son of Geraldine and the late Pat Finucane, Sinn Fin finally took out the sitting DUP MP.

How quickly change can occur. For more than two years, Nigel Dodds and his DUP colleagues practically had their own room at Downing Street as Theresa May and then Boris Johnson courted their support.

Here he now was, in the days before Christmas with his family around him, a beaten docket in full public view.

The Brexit he championed and shaped was probably the clinching factor in turning a decisive number of voters against him in north Belfast.

The winning margin was 1,943 votes. Crucially, the SDLP (and the Green Party) did not run candidates. They left the space to John Finucane is an effort to maximise the Pro Remain impact in a first-past-the-post contest.

Before he was cleared to successfully run for Sinn Fin, John Finucane had to first join the party. In Westminster, like his colleagues, he follows an abstentionist policy.

Two years before, on foot of his Brexit dealings with Theresa May, the Spectator magazine had named Nigel Dodds negotiator of the year.

An example of DUP unionism

The Dodds family are a vivid example of the complexities and the idiosyncrasies of DUP unionism.

Nigel was an August 1958 baby, born in the city he calls Londonderry, where his father, Joe, was a customs official. Work transferred the family to Enniskillen, Co Fermanagh, where Joe would eventually become a local DUP councillor.Nigel went to the local Portora Royal School, where the past pupils included Oscar Wilde and Samuel Beckett.

Nigel was bright. He was a scholarship boy who went to Saint Johns College, Cambridge, and emerged with a first. Back in Belfast, he met his future wife, Diane, who was studying at Queens. Her family were farmers in Rathfriland, Co Down.She would later teach history and English at Laurelhill High School in Lisburn.

As with his father, Joe, Nigel was attracted to the party founded by Ian Paisley. The Big Man secured an important political platform and a useful income source when he was elected to the European Parliament in 1979. An administrative EEC post followed for Nigel Dodds in 1984. He simultaneously began to carve out a political career in Northern Ireland and was elected a member of Belfast City Council in 1985. Four years later, aged 29, he became the citys youngest mayor.

Ian Paisley had a cohort of young fry helping to drive the party growth. Sammy Wilson enjoyed being jester; Willie McCrea could quote scripture and sing. Peter Robinson, had less academic qualifications, but he was the ice-cold strategist; Nigel, the barrister, helped to give the party a badly needed layer of intellectual respectability.

Within a world where the taking of life was routine, Paisleys DUP equated political compromise with weakness. But for decades the DUP could command no more than the space between loyalist paramilitaries and mainstream politics. The Unionist Party had first call on most of the full-time political jobs.

Belfast suffered some of the most awful episodes of The Troubles. As long as they live, Nigel and Diane Dodds will have nightmares about what happened to their family in December 1996.

The IRA ceasefire had been announced in August 1994 but broke down in February 1996. During Christmas week that year, the Dodds seven-year-old son, Andrew, was in Belfasts Royal Childrens Hospital, requiring care for his spina bifida and hydrocephalus conditions.

The parents were conscious of police advice that republican paramilitaries considered them legitimate targets. They routinely varied the car used when making hospital visits to west Belfast.

On the Saturday evening before Christmas Day, IRA gunmen came, determined to kill, to the intensive care ward on The Falls Road where the young child was being treated.

An RUC officer pushed Nigel and Diane Dodds and a hospital worker into a closet. The policeman was wounded in the leg by one of four bullets fired. Another bullet lodged in an empty baby incubator.

The Dodds survived their ordeal. They got their little boy home to their bungalow in Banbridge, with its wide doors and other special fittings.

The Good Friday Agreement, without DUP support, was agreed in April 1998.On 29 December that year, Andrew Dodds died. He was nine.

Party of protest to party of government

In the 1997 Northern Ireland Westminster elections, the outcome in unionist constituencies was UUP 10, DUP 2.

In 2001, the gap narrowed to UUP 6, DUP 5.By 2005, the balance had shifted completely to UUP 1, DUP 9.

The story of DUP dominance has been consolidated at every subsequent election.

In 2001, Nigel Dodds was a factor and a beneficiary in the turning tide.The DUP targeted Ulster Unionist leader, David Trimble and his party over what their Good Friday/Belfast Agreement'appeasement strategy'. Republican prevarication about weapons decommissioning made the DUP task easier.

In north Belfast, Dodds took on and comprehensively defeated the sitting Ulster Unionist north Belfast MP, Cecil Walker.Nigel was set fair for the House of Commons.

Two years later, consistent with what is often a DUP trait, his wife Diane entered the fray. She was a candidate in 2003 Stormont elections and won one of the six Assembly seats in the west Belfast constituency.

It is an overwhelmingly nationalist/republican part of the city. Key to her victory was she gathered support from what are traditionally non-voting homes in the loyalist Shankill Road area.

Consistently throughout his career Nigel Dodds has given the impression that he doesnt want the top job. He seems more comfortable as a No 2 or less.

When Ian Paisley and Peter Robinson went south to government buildings on 30 September2004 and sat across a table from Taoiseach Bertie Ahern and then Foreign Affairs minister, Dermot Ahern, Nigel Dodds wasnt brought. It was an omission that, with the benefit of hindsight, might be done differently.

In 2007, when Sinn Fin held their first face-to-face meeting with the DUP to begin planning how their power-sharing government would operate, Nigel Dodds wasnt there. The shinners were spooked.They have their own problematic history with discordant voices. They were worried that Nigel might have jumped ship, at the first opportunity.

It turned out that he had been struck down by a bout of food poisoning as the DUP inspected its new surroundings at Stormont Castle. He had been genuinely sidelined by a temporary illness.

He served as Minister for Enterprise in that first DUP/Sinn Fin power-sharing partnership, formed by Ian Paisley and Martin McGuinness in May 2007.

When Peter Robinson took over as First Minister in 2008, Nigel Dodds slotted into the vacant Finance Minister role.But when the choice had to be made between the House of Commons and the Stormont Chamber, he opted for the London assignment.

More than any DUP representative, Mr Dodds can hold his own with the Tory in crowd so meticulously ridiculed by Sasha Swire in her racy 'Diary of An MP's Wife'. In his Oxbridge phase he wasnt interested in competing with the extra-curricular history of Boris, Cameron, Gove and co. But they know he is at least their equal in terms of smarts and could never be dismissed as a backwoodsman.

A shy man, an Everton supporter, gracious and helpful in private, he rarely looked comfortable at the raw edge of interface politics in his north Belfast constituency. On a summer morning in 2013 I watched him, colarette on, as he and fellow Orange Order members gathered at Ballysillan.Below was the contested space of nationalist Ardoyne where the marchers would pass on their way to annual 12th July celebrations.

We both saw significantly more than the agreed number of supporters gather and prepare to stride down the road behind their bands. No fingers were offered for the dyke.

Later tensionreached boiling point. As the marchers sought to make their way home past nationalist homes, their route was blocked by PSNI land rovers. On this occasion, Nigel Dodds, sought to be a calming influence, interceding with the police. In the constituency he represents, he was hit on the head by a flying brick fired from the loyalist side and knocked unconscious.

Sammy Wilson carries a very obvious sense sense of 'hard done by' in DUP promotional stakes. But Nigel Dodds didnt push himself forward to succeed Peter Robinson as he retired as both first minister and party leader at the end of 2015.

Arlene Fosters coronation was Peter Robinsons parting example of craftwork. Nigel Dodds was content to stay on the Westminster beat - a different world to the Stormont where power must be parsed, analysed and shared with former foes.

Brexit - the game changer

Diane Dodds only managed one term as a west Belfast member of the Northern Ireland Assembly. In 2007, the DUPs partners in government, Sinn Fin, took the seat. But two years later she was back to a bigger job - one of Northern Irelands three positions in the European Parliament.

It was the seat Jim Allister took over when DUP leader Ian Paisley retired from it in 2004. Even though he resigned from the DUP over its power-sharing partnership with Sinn Fin in 2007, Jim Allister wanted to retain the job. Diane Dodds outvoted him in 2009. She withstood his challenges in the 2014 and 2019 European Elections.

The Brexit Referendum of June 2016, arranged by then British prime minister, David Cameron, changed the lives of Nigel and Diane Dodds. It also set the DUP on a journey, way beyond its control, destination unknown.

The DUP was the only one of the five main Northern Ireland parties to campaign for leaving the European Union. Diane Dodds supported her party policy, even though success would take away her MEP job. When Pro Remain Conservative prime minister David Cameron lost the referendum, he resigned and his successor Theresa May subsequently called a general election. The result saw Theresa Mays minority conservative administration depending on the DUP to remain in power.

Stormont was in mothballs due to the RHI dispute while the DUPs Westminster team exerted influence over Theresa May. They grew tall in their transformation from stage hands to star turns. The DUP extracted considerable largesse for Northern Ireland from the prime minister. Then it rejected the Brexit backstop model she proposed and transferred loyalty to Boris Johnson.

The new Conservative party leader promptly called the December 2019 election to assert his authority and to provide him with the means to deliver Brexit. His landslide victory and 80-seat majority ended his dependence on the DUP.

That General Election election also finished Nigel Dodds' 18-year career as an MP. When the UK left the EU, Diane Dodds lost her MEP job.

Dealing with uncertainty

The two have since started new political chapters. In July, as expected, Nigel Dodds was given a berth in the House of Lords and took the title, Lord Dodds of Duncairn.

Diane Dodds was handed a DUP Upper Bann Assembly seat, vacant because its holder, Carla Lockhart, successfully contested the 2019 Westminster elections. Arlene Foster appointed Mrs Dodds Economy Minister when she formed her ministerial team in January 2020.

A part of Diane Dodds came to the Stormont role, intent on creating a legacy of pathways. During more than ten years working and learning on the European stage, she developed an appreciation of how job creation can transform lives as well as an economy.

Like her counterpart south of the border, Leo Varadkar, she was looking forward to busy times chasing down foreign direct investment and engaging with entrepreneurs.

But then came the ambush: our generations version of cataclysm - the Covid-19 pandemic.

Seeing Diane Dodds on her feet in her Assembly ministerial role last week, buffeted by the pressures of Covid-19 and the Northern Ireland protocol, made for painful watching.

In better times, things could be, she could be and probably would be different.

In behind-the-scenes interactions with the British government over the Northern Ireland Protocol, Nigel Dodds has 'trusted trader' status. He is the wisest, most loyal and most influential colleague available to DUP leader, Arlene Foster, in challenging times.

But from him or his party so far there is no sign of a plan to better the imperfect formula that emerged from four years of tortuous negotiations between London and Brussels.

Northern Ireland is the most vulnerable UK family member after the messy divorce it sought and got from the European Union.The fundamental problem with Brexit is it challenges the sensitive chemistry of the Good Friday Agreement.

The two - Brexit and the Good Friday Agreement - struggle to comfortably co-exist.

Maybe the British Prime Minister Boris Johnson and his chief negotiator, David Frost, did not understand that truth. It certainly is not reflected in the Brexit deal they pursued and agreed, Northern Ireland Protocol included.

Or maybe they had a sense of what they were doing but ploughed ahead because they had other priorities.

David Trimble and his lifelong political rivals, the DUP, are now calling for the Protocol to be scrapped. Mr Trimble, the former Ulster Unionist Party leader and now Conservative party peer, negotiated and signed the 1998 Good Friday Agreement.The DUP walked away from those same talks. For years afterwards they pilloried him and undermined him for the deal he struck.

Yet on Brexit, they were on the same side. Mr Trimble as well as the DUP supported leaving. And, again like the DUP, he opposed Theresa Mays backstop solution. At one stage, he actually shaped up to take a legal challenge against it.

But it would be wrong to decide that Northern Irelands Brexiteers should be left to contend with a mess of their own making. Or to conclude 'problems, I see no problems' and seek to swiftly move on.

Memories from almost two decades ago return of a Northern Ireland count centre where David Trimble and his wife were pushed and heckled by baying crowds (including DUP supporters) in circumstances that would have terrified most of us.

Nigel and Diane Dodds were once corralled in a hospital intensive care ward with their ill child when gunmen came to kill.

Such pain and resilience cannot be forgotten because they contributed to the dynamic that removed the scourge of violence and threat.

A willingness to compromise and to take account of the other side defines the Good Friday Agreement. The template the DUP eventually signed up to, using the St Andrew's Agreement as a convenient bridge.

Brexit has completely different priorities.It was based on a "were off and really we were never happy here" attitude.

If Good Friday Agreement principles are used by London, Brussels, Belfast and Dublin in the search for a solution to the Northern Ireland Protocol controversy, there is a chance of success.

If the negotiations are reduced to "give us our way" arguments, the trouble will deepen.

All sides need to understand that.

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SalMar strengthens its strategic focus on offshore aquaculture and appoints a new CFO & Director of Strategy at SalMar Ocean – GlobeNewswire

Posted: at 1:59 am

In its 30th anniversary year, SalMar is strengthening its substantial endeavours in the field of offshore fish farming, and through this way contribute to solving important environmental and area challenges the aquaculture industry faces. To strengthen the team at SalMar Ocean, Group CFO & COO Trine Sther Romuld, in consultation with SalMars CEO and board of directors, has announced her decision to accept the role of CFO & Director of Strategy at SalMar Ocean, when a new Group CFO in SalMar is recruited to SalMar. The recruitment process for a new group CFO is already underway and the plan is for her to take up her new post on 1 September 2021.

SalMars focus on the open ocean marked the start of a new era in the seafood industry. Offshore fish farming opens vast new areas for sustainable food production and helps to secure worlds food supply in a long-term perspective. By strengthening the team in SalMar Ocean with the appointment of Trine Sther Romuld, we are further reinforcing this important strategic effort for SalMar, says the Groups CEO Gustav Witze.

I am looking forward to, together with the rest of the team in SalMar Ocean, to further develop what is the start of a new industrial adventure for the seafood and the supply industry, says Trine Sther Romuld, CFO & COO at SalMar.

SalMars focus on offshore fish farming is well known, and continues its tradition of developing and exploiting new technologies and new solutions. This endeavour is taking place under the SalMars wholly owned subsidiary SalMar Ocean, which is led by its CEO Olav Andreas Ervik.

Good biological results from Ocean Farm 1

Ocean Farm 1 full scale pilot with offshore design was put into operation in the autumn of 2017. The unit has been in an exposed area of the ocean off the coast of Frya in Central Norway. Two whole production cycles have been carried out and a combined total of 10,000 tonnes of superior quality salmon have already been delivered to the market.

We have been able to observe strong biological results, with strong growth, low mortality, low sea lice levels and a production costs on par with the best coastal locations, says SalMar Oceans CEO Olav-Andreas Ervik.

Experience from the construction and operation of Ocean Farm 1 has made it possible to develop even better and more cost-effective solutions as the company now prepares to build new units for use in exposed areas and in the open ocean.

Fish farming in the open ocean

The next technological leap for SalMars offshore development is Smart Fish Farm, which is planned to be established in the open ocean outside of Central Norway. SalMar has ambitions to build a series of these units for offshore production, based on the experience gained, provided that the authorities open up for locations and licenses in these areas.

In the open ocean, the Gulf Stream supplies a continuous flow of high-quality water at the right temperature. We have no need to add further energy or fresh water. And the Gulf Stream gets its power from the sun, wind and other deep ocean currents, Ervik explains.

He adds that with the technology and solutions that SalMar Ocean now makes available, the challenge posed by the Norwegian authorities to develop equipment suitable for solving important area and environmental challenges that the industry faces are taken seriously. Nothing is then more natural than using even more of the Norwegian coast and the areas on the Norwegian Continental shelf, in the salmon's natural habitat.

Potential for significant ripple effects to the Norwegian supply industry

SalMar has conducted studies that offshore aquaculture will have significant ripple effects in the form of value creation and jobs, on land as well.

We are ready to place major orders for sea cages and equipment when the necessary permits have been granted by the authorities, says Ervik.

Opportunities for international expansion

SalMars focus on offshore fish farming will form the basis for a new era in aquaculture with significant effects also for the supplier industry. By being at the forefront with solutions and experience, suppliers can secure a competitive edge in a new and potentially vast national and international market.

The technology and solutions currently being developed are not restricted to Norwegian waters. It is not only off the Norwegian coast that nature offers good conditions for the sustainable production of North Atlantic salmon

For more information, please contact:

CEO Gustav Witze, SalMarPhone: +47 911 47834 Email: gustav.witzoe@salmar.no

CFO & COO Trine Sther Romuld, SalMarPhone: + 47 991 63632 Email: trine.romuld@salmar.no

CEO Olav Andreas Ervik, SalMar OceanPhone: + 47918 68 100 Email: olav.andreas.ervik@salmar.no

About SalMar

SalMar is one of the worlds largest and most efficient producers of farmed salmon. The Group has farming operations in Central Norway, Northern Norway and Iceland, as well as substantial harvesting and secondary processing operations in Norway, at InnovaMar in Frya and Vikenco in Aukra. SalMar also owns 50 per cent of the shares in Scottish Sea Farms Ltd.

See http://www.salmar.no for more information about the company.

This information is subject to the disclosure requirements stipulated in section 5-12 of the Norwegian Securities Trading Act.

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SalMar strengthens its strategic focus on offshore aquaculture and appoints a new CFO & Director of Strategy at SalMar Ocean - GlobeNewswire

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SBM Offshore awarded Letter of Intent for FPSO Almirante Tamandar lease and operate contract by Petrobras – GlobeNewswire

Posted: at 1:59 am

February 25, 2021

SBM Offshore is pleased to announce that it has signed a Letter of Intent (LOI) together with Petrleo Brasileiro S.A. (Petrobras) for a 26.25 years lease and operate contract for the FPSO Almirante Tamandar, to be deployed at the Bzios field in the Santos Basin approximately 180 kilometers offshore Rio de Janeiro in Brazil.

Under the contract, SBM Offshore is responsible for the engineering, procurement, construction, installation and operation of the FPSO. SBM Offshore will design and construct the FPSO Almirante Tamandar using its industry leading Fast4Ward program as it incorporates the Companys new build, Multi-Purpose Floater (MPF) hull combined with several standardized topsides modules. SBM Offshores fourth Fast4Ward MPF hull has been allocated to this project.

The FPSO will be the largest oil producing unit operating offshore Brazil and one of the largest in the world, with daily processing capacity of 225,000 barrels of oil and 12 million m3 of gas. Furthermore, the FPSO will have a water injection capacity of 250,000 barrels per day and a minimum storage capacity of 1.4 million barrels of crude oil. The FPSO will be spread moored in approximately 2,000 meters water depth. Delivery of the FPSO is expected in the second half of 2024.

Bruno Chabas, CEO of SBM Offshore, commented:

SBM Offshore is proud to announce that Petrobras has awarded the Company the LOI for the 6th FPSO development in the world class Bzios field in Brazil. This award for one of the largest production units in the world demonstrates the trust placed in our ability to reliably deliver large-scale FPSOs and the agreement again confirms the significant value we bring to our clients with our industry leading Fast4Ward program. SBM Offshore teams look forward to starting the execution phase in order to continue to deliver value to one of our key clients Petrobras.

Corporate Profile

The Companys main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.

As of December 31, 2020, the Company employed approximately 4,570 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.

SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.

Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies SBM Offshore or the Company are sometimes used for convenience.

For further information, please visit our website at http://www.sbmoffshore.com.

The Management BoardAmsterdam, the Netherlands, February 25, 2021

For further information, please contact:

Investor RelationsBert-Jaap DijkstraGroup Treasurer and IR

Media RelationsVincent KempkesGroup Communications Director

Disclaimer

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on managements current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Companys business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as believes, may, will, should, would be, expects or anticipates or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.

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SBM Offshore awarded Letter of Intent for FPSO Almirante Tamandar lease and operate contract by Petrobras - GlobeNewswire

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Weird winter weather hits SF Bay Area with 80-degree temps, offshore winds – SF Gate

Posted: at 1:59 am

Weather that's more typical of late summer to fall in the San Francisco Bay Area is coming Tuesday.

Temperatures are expected to soar to unseasonable highs, with some spots in the North Bay likely to break 80, and desiccating offshore winds are forecast to kick up.

This morning, offshore winds, also known as Diablo winds, were already blowing at 25 mph to 35 mph in the North Bay mountains and East Bay hills reaching 40 mph. They are forecast to increase through the day and peak Wednesday with gusts at the highest peaks reaching 40 mph to 50 mph.

In the East Bay, winds could howl down into the valley, with sustained winds of 10 mph to 20 mph and isolated gusts up to 30 mph.

The National Weather Service has a wind advisory in effect 10 a.m. to 10 p.m. Wednesday for the North Bay Mountains, East Bay hills and valleys and the Santa Cruz Mountains.

Gusty winds could knock down trees, lead to power outages and blow around unsecured outdoor objects, the weather service warned.

The highest temperatures of the week is expected to hit Tuesday with the Santa Rosa Airport projected to reach 79 degrees, Concord 76 and downtown San Francisco 71.

"Eighties are definitely possible," said Matt Mehle, a forecaster with the weather service. "The North Bay valleys will be anywhere from 15 to 20 degrees above normal. San Francisco will be up to 10 degrees above normal."

The warm temperatures and offshore winds are a more typical weather pattern in the fall when the wildfire danger is high. With recent rains, the fire danger will be less in this February event.

The weather conditions are the result of a storm known as an inside slider that was straddling Northern California, southern Oregon and northeast Nevada on Tuesday morning. The system is forecast to drop down into the Great Basin into Wednesday, kicking up offshore winds in Northern California. These easterly winds blow from inland valleys toward the coast, carrying warm air and pushing up temperatures.

"Earlier in the year, we had a tremendous offshore flow event," said Mehle, referring to the mid-January wind storm when gusts up to 90 mph belted the region. "Its not unheard of in winter but its more common in late summer to fall."

Temperatures are expected to drop 10 degrees from Tuesday to Wednesday and afternoon highs across the region tomorrow should range from the mid-60s to 70s.

Originally posted here:

Weird winter weather hits SF Bay Area with 80-degree temps, offshore winds - SF Gate

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Rystad Forecasts Massive Offshore Wind Hiring Boom – The Maritime Executive

Posted: at 1:59 am

Nearly 900,000 jobs by 2030, primarily in shoreside manufacturing roles Expanded offshore wind terminal at the Port of Rotterdam (Port of Rotterdam Authority)

By The Maritime Executive 02-23-2021 02:20:00

An offshore wind hiring boom is on the way, according to consultancy Rystad Energy.

In a new forecast released Tuesday, Rystad predicts that worldwide demand for offshore wind personnel is going to triple by 2030, reaching about 590,000 full time jobs by 2025 and 870,000 full time jobs by 2030. The current industry employment count stands at about 300,000.

The boom is based on expectations that the installed base of offshore wind capacity is going to expand dramatically over the coming 10 years. Rystad forecasts worldwide installations totaling 110 gigawatts by 2025 and 250 gigawatts by 2030 - an unprecedented expansion that will require thousands of skilled workers and mariners.

The prediction includes direct and indirect jobs, and is calculated as the number of person-years of full time employment (regardless of hours worked).

The overwhelming majority of positions will be in construction and development, with windfarm-building jobs accounting for about 88 percent of the total by 2025 and 80 percent by 2030. The majority of capex for an offshore wind farm occurs in the one to three-year period leading up to commissioning, and this is the most labor-intensive period of an installation's lifecycle. As the offshore wind construction boom is expected to continue until mid-century, according to forecasts by DNV and many others, the total global number of construction jobs will likely remain high for an extended period.

The overwhelming majority of these roles will be on shore. Manufacturing of turbines, cables, substations and tower foundations accounts for about 66 percent of the total, and installation accounts for just 10 percent.

In the northeastern United States - the birthplace of the North American offshore wind industry - the offshore wind projects that are currently committed to development are expected to create 2,600 job-years of "supplemental" work for local fishermen and mariners, according to a recent study by the UK-based Renewables Consulting Group.

Fisherman and other mariners already possess the skills that will be essential in building out the emerging US offshore wind industry, said Emily Kuhn, principal at RCG. With minimal training needed to close gaps and transfer knowledge, recruiting these fishermen and mariners to assist withprojects can benefit all sides. Not only will mariners have access to supplemental jobs and income, but the offshore wind industry will have increased access to a local, talented workforce.

Originally posted here:

Rystad Forecasts Massive Offshore Wind Hiring Boom - The Maritime Executive

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