The Japanese conglomerate Mitsubishi Corporation plans to produce about 100,000 tonnes of salmon annually in Chile, if it manages to purchase the Norwegian company Cermaq.
Mitsubishi announced this week that it offers a payment of around USD 1,400 million to purchase the whole of Cermaq, which has operations in Norway, Canada and Chile.
This transaction would turn Mistubishi into the second largest farmed salmon producer worldwide.
Following this announcement, Mitsubishi Corporation’s Corporate Communications Division told the newspaper Estrategia that considering the 80,000 tonnes produced in Cermaq at present in the cou...
Chinese fishing firm fined for tuna fishing illegally New Zealand
Chinese authorities have deregistered and fined a Chinese commercial fishing company approximately USD 596,000 for misreporting bluefin tuna catches and fishing without a licence adjacent to the New Zealand Exclusive Economic Zone.