Prenumeration
Quant Service Peru S.A.C (“Quant”) and Pesquera Exalmar S.A.A. (“Exalmar”) have mutually agreed to end the maintenance service contract as of 31 May 2023 due to extreme weather conditions affecting the entire fishing industry. Quant will reduce its contract portfolio value with approximately EUR 10,9 million in its second quarterly report in 2023.
On March 29, 2021, Quant announced the signing of a six-year maintenance contract with Exalmar, a leading company in the fishing industry in Peru. The first year of the contract included a review of the current maintenance operations, the initial review period has been extended to accurately plan for the assumption of the full responsibility for the maintenance execution within Exalmar.
Following extreme weather conditions of the El Nino weather phenomena, on the coast of Peru and other areas of Pacific Ocean, the availability of fish for the fishing industry has become very limited. These circumstances are expected to continue for a period long enough to result in severe difficulties for the entire fishing industry.
Stockholm, 29 May 2023