Coldwater Prawns of Norway AS has been successfully re-audited for Friend of the Sea certification of its cold water prawns caught in the Barents Sea.
The Norwegian fisheries management regime is aimed at maximising the long term sustainable yield of the living marine resources and at the same time protecting biodiversity and the functioning of ecosystems. Fishing quotas are established for each of the three Scandinavian countries operating in this fishing area and for each fishery. Accurate data on all catches is collected through an electronic reporting system.
Fishing does not interfere with Marine Protected Areas and the trawls used do not dig into the bottom of the seabed, as the targeted species live on or above muddy seabed. The boats operate from 200-700m deep at a minimum distance of 12 miles from the Norwegian Coast.
“Norway has for years been acknowledged as one of the world’s leading countries in sustainable fisheries management. We are now pleased that Friend of the Sea has re-certified Cold Water Prawns of Norway as sustainably harvested”, said Adelheid Stenevik of Coldwater Prawns of Norway.
Since it was founded in 2007/2008, Cold Water Prawns of Norway has increased its market share of Norwegian-caught coldwater prawns from just under 45% to more than 90%. In 2011, the company started its own production company in Senjahopen, Norway. CPN's operating revenues increased from NOK15m in its first year of operation in 2008 to NOK439m in 2014.
