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Other Media | Fish Farmer: Big rise in losses for troubled Chilean salmon company

CHILE
Monday, May 13, 2024

The struggling Chilean salmon farmer Nova Austral saw its losses almost treble last year despite an increase in revenues.

The company was only saved from administration In January after creditors agreed to a reconstruction deal.

But its accounts for 2023 show pre-tax losses of just over US $144m (£128m) against $49.9m (£44m) in 2022.

Author: Vince McDonagh/ Fish Farmer l  Read the full article here


Other Media | Ind Pesqueras: The Xunta describes the Government's refusal to declare a catastrophic zone as 'lack of respect' for the seafood secto

SPAIN
Monday, May 13, 2024

After the statement made public by the Government Delegation in which it was indicated that the declaration of “areas seriously affected by an emergency situation” would not occur due to the death of bivalves in the Galician estuaries after the succession of storms in the past autumn, the Sea Councilor of the Xunta de Galicia, Alfonso Villares, has been critical of the central government's refusal. This is "a great lack of respect for all Galician shellfish harvesters", he indicated. The regional official also expressed his surprise upon learning "through a press release and more than 5 months later" that it had not even started. the request made by the autonomous administration.

Source: Industrias Pesqueras l Read the full article here


Other Media | The Fish Site: NOAA funds $1 million aquaculture initiative

UNITED STATES
Monday, May 13, 2024

The US National Oceanic and Atmospheric Administration (NOAA) Sea Grant has pledged $1 million support for the country’s aquaculture industry.

The funding will be directed to institutions across the country, including Texas A&M AgriLife Research, and aims to address critical economic and marketing gaps in the sector.

Compared to other regions of the world, US aquaculture production volumes are quite low, said Dr Shraddha Hegde, assistant professor in the College of Agriculture and Life Sciences Department of Rangeland, Wildlife and Fisheries Management and project co-principal investigator.

Source: The Fish Site l Read the full article here


Other Media | fishfarmingexpert: Salmon sector facing new Holyrood inquiry

UNITED KINGDOM
Monday, May 13, 2024

Scotland’s salmon farming sector is to face a new inquiry from the Scottish Parliament’s Rural Affairs and Islands Committee (RAIC), to look into the implementation of recommendations resulting from a previous inquiry by its predecessor, the Rural Economy and Connectivity Committee (RECC), in 2018.

The RECC report considered the state of the salmon industry in Scotland, identified opportunities for its future development and explored how fish health and environmental challenges could be addressed.

Source: fishfarmingexpert l Read the full article here


IN BRIEF - There are only 3 days left before the start of Seafood Expo Eurasia

TURKEY
Sunday, May 12, 2024

The new global exhibition will bring together representatives of fishery business and related areas from more than 100 countries across Europe, Asia, Africa, and Latin America. Fish and seafood suppliers, equipment producers, traders & buyers, fishery professionals and shipbuilders, logistic operators and aquaculture experts will meet on May 15th in Tüyap, Istanbul.

Seafood Expo Eurasia will hold an extensive program addressing the primary challenges and opportunities in the global seafood industry along with the regional specificities of different markets. Designed with a business focus, it aims not only to discuss the main issues of worldwide fisheries but also to provide the audience with the marketing success cases from the key industry players.

The main topics covered in the agenda include the current status of seafood markets of Türkiye, countries of Latin America, Africa, and the Middle East, as well as modern solutions for aquaculture, sustainable fishing practices, logistics and traceability of fish products.

As a place filled with positive business spirit, Seafood Expo Eurasia is ready to amaze visitors not only with non-stop negotiations and business meetings but also interactive areas and activities. These include a photo zone, a contest with memorable gifts and various interactive sections.

Get your free e-ticket  and may your net be full of unforgettable moments of Seafood Expo Eurasia where the best in fisheries meet the world.


Other Media | EuropaAzul: The fishing sector asks for a real commitment to guarantee its future

SPAIN
Friday, May 10, 2024

The fishing sector wants a real commitment to be made, from all decision-making bodies, that allows its future to be guaranteed without having to be in the trenches of resistance watching how actions are taken against it. This premise has been made known at the XXXI Expomar Technical Conference, under the motto: Against Wind & Tide. "The sector cannot take it all" was the most striking phrase of the traditional meeting of shipowners, fed up with remaining "in a situation of risk of rupture and of no turning back."

A total of 25 associations, organizations, brotherhoods and entities from the extractive fishing sector participated in the XXV Business Meeting of Fishing Organizations

Source: EuropaAzul l Read the full article here


Other Media | iPac.acucultura: Perception of the risk and potential of algae aquaculture in Chile

CHILE
Friday, May 10, 2024

Although algae cultivation in Chile is a reality, production is still very low. Much of the potential surface area for algae production is still unexploited. These characteristics, together with growing seaweed exports, the need for imports in the industrial sector, and seasonal and fluctuating production, suggest a high potential for small-scale seaweed aquaculture in Chile; However, the sector remains underexploited.

It is in this context that a group of researchers from the University of Biobío, the University of Concepción, the University of Florida and (INCAR) have investigated the potential of algae cultivation considering the high incidence of risk for its low production.

Source: iPac.acucultura l Read the full article here


Other Media | Fish Focus: Support from French retailers for Global Tuna Alliance

FRANCE
Friday, May 10, 2024

The Global Tuna Alliance (GTA) has announced a surge of support from French retailers, marking a monumental step in their mission to drive global change in tuna fisheries. This support comes as they kick off their Indian Ocean Tuna Commission (IOTC) campaign, aiming to transform the Regional Fisheries Management Organization (RFMO) and enhance sustainable practices within the industry.

Source: Fish focus l Read the full article here


Other Media | SalmonBusiness: Was Russian sabotage behind railway line wreck that cost fish companies $370 million in losses?

NORWAY
Friday, May 10, 2024

The 76-day closure of the track resulted in losses nearing $370 million for fish transport alone.

Investigations into a train derailment on the Ofoten line, a critical artery for northern Norwegian salmon exports, have intensified amid suspicions of possible Russian sabotage.

The 43-kilometer long line runs from Narvik in Norway to Riksgränsen on the Norway-Sweden border. It’s electrified, single-track, and features seven stations.

Source: SalmonBusiness l Read the full article here


Other Media | SeafoodSource: Japanese food industry powerhouses target US with new SUSHI-TEN USA joint venture

UNITED STATES
Friday, May 10, 2024

Japanese firms Royal Holdings Co., Choushimaru Co., and the Sojitz Corporation are establishing a joint venture in the U.S. called SUSHI-TEN USA.

The venture, to be based in Irvine, California, U.S.A., has USD 6 million (EUR 5.6 million) in capital to “create a new line of business centered on Japanese sushi tailored to the needs of the U.S. market,” the three companies said in a press release.

Author: Christine Blank / SeafoodSource l Read the full article here


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