IN BRIEF - Fisheries will grow by 250,000 tonnes if the Hague favors Peru
Wednesday, January 15, 2014
The fisheries sector in Tacna would be one of the main beneficiaries if a favorable verdict wii be provided to Peru at the International Court in The Hague. The verdict , which will end the dispute with Chile over a sea area , will be issued on 27 January.
The regional production director , Luis Muñante said that if the positive result would have a larger area of ??sea for fishing. This was reflected in an increase in production hydrobiological 250 thousand tons per year. The amount is currently extracted by the neighboring country of Chile, the area in dispute, and is the third of its fish production.
If Peru obtained the sovereignty of the area would be allocated 20% of the volume of production for direct human consumption and the remaining 80 % for industrial fishing. Among the species that focus on most in the area are mackerel, anchovies, tuna and parrot .
They are currently thirteen Peruvian fishing vessels are detained in Arica for having entered the area remains in dispute with Chile to perform fishing operations.
The Regional Fisheries Management Organisation established the South Pacific that Peru will catch 7,400 tons in 2015.
The announcement was made by Deputy Minister of Fisheries, who led Peruvian delegation meeting held in New Zealand,
The Ministry of Production (PRODUCE) today reported that the Regional Fisheries Management Organisation South Pacific (RFMOs-PS) increased by 75% the mackerel catch quota allocated to offshore Peru, establishing extraction of 7,400 tons during 2015.
This action was described as a major achievement by Deputy Minister of Fisheries, Juan Carlos Requejo, head of the Peruvian delegation, while participating in the Third Regular Meeting of the RFMO-PS, held in Auckland (New Zealand) between the 30 January and 6 February last.
The Requejo deputy also reported being requested by the Peruvian Parliament legislative approval of RFMOs-PS Convention by the Supreme Resolution No.013-2015-RREE, so that at the next meeting of the organization, to be out in January 2016, Peru becomes effective participation in country status Member of the Convention.
On both sides of the border, fishermen make negative statements about the consequences left by the verdict of the International Court of Justice.
A year ago, the The Hague Court ruled that the maritime boundary between Chile and Peru started in Milestone 1 and not in the Concordia Point postulated by Lima, but that the parallel line would be projected only up to 80 nautical miles, what Chile meant for the loss of about 22,000 km2 of EEZ, since from the last point equidistant line would extend to 200 miles.
According to an article in El Mercurio Online, the veredict generated mixed reactions: moderation between the Chilean authorities, relative satisfaction among Peruvian, and fear and benefit in the case of artisanal fishermen in the area, respectively.
In Peru things are no different. In contrast, artisanal fishermen are not happy because they expected the failure of benefit, as their authorities assured when the opinion was known, "but nothing happened."
Source: gestion.pe (basic translation from English)
Lima - La Sociedad Nacional de Pesquería (SNP) welcomed the enactment of Supreme Decree 001-2015-Produce, which allows industrial fishing from the mile 5 in the south of the country, as one of the measures announced by the Government to resolve the crisis drags the fisheries sector since last year.
The president of the SNP, Elena Conterno, said that rule, which was published on the 9th in the official newspaper "El Peruano" help unlock industrial fishing, because it makes possible to access the resource that is adjacent to the coast where the depth is greater than in other parts of the Peruvian coast.
Conterno also welcomed the decision of the Ministry of Production to conduct an investigation to determine the biomass level that exists in the south, which will determine the date of resumption of fishing operations in that area. "We hope that it can now announce the resumption of anchovy fishing in the south in the coming weeks, which will alleviate the crisis affecting the sector since last year," he added.
Peru’s production of fish oil and meal may plunge in coming months, potentially creating an “explosive” price situation, researcher Oil World said.
Peru’s oceanographic institute Imarpe found low fish stocks during a summer survey, and has advised not opening a second fishing season before a new evaluation in late October or early November, Hamburg-based Oil World wrote in a weekly report.
Fishmeal prices in Peru rose 1.2 percent to PEN 1,720 a metric ton as of Oct. 9 from a week earlier, and are up from PEN 1,300 a year ago, data from Oil World show. Peru is the world’s largest fishmeal exporter.
Lima - Peruvian fishing industry should take advantage of the new marine species that El Niño will bring to the country's coast, said the specialist and professor of Oceanography at the Universidad Agraria La Molina, Luis Icochea.
Although El Niño will make anchovy stocks migrate south, it will mean that from 2016 there will be an important resource recovery since the fish will be bigger and have more successful spawning, reports Andina.
"Seize El Niño, and new species entering. While anchovy will be more difficult to extract, biomass will be strengthened and will allow capture to be better in 2016," he said.
Mr Icochea also said that Peru should take advantage of the possibilities offered in agriculture from El Niño.
"Heavy rains are coming, then sow the plants that will grow with water. When the temperature rises there are plants that are better suited than others," he said.
However, Mr Icochea warned that the increased presence of rain could mean overflowing rivers so you have to take the necessary preventive measures, thefishsite.com reported.
On January 7th, 2014, Copeinca ASA ("Copeinca") completed the second fishing season for 2013, successfully catching 100% of its quota. Copeinca processed 15.6% of the Total Allowable Catch ("TAC") of 2,304,000 MT, out of which 10.7% came from its own catch and 4.9% from third party fishing companies. Total production for the season was 80,817 MT of steam dried ("SD") fishmeal and 11,569 MT of fish oil.
For the full 2013 fishing season, the Company processed 15.1% of the TAC of 4,354,000 MT, out of which 10.7% came from its own catch.
Copeinca produced 152,000 MT of fishmeal and 26,066 MT of fish oil. 100% of fishmeal production was of SD standard, with a yield of 24.9%. Fish oil production had a 3.7% yield, making the total yield 28.6%.
LIMA -- China's biggest bank is planning to start operations in Peru in February as it looks to profit from the growing presence of Chinese firms that have snatched up natural resources in the Andean country.
The Industrial and Commercial Bank of China Ltd., known as the ICBC, said Wednesday that its office in Lima will focus on corporate banking by providing financing to Chinese companies operating in Peru, as well as working with Peruvian exporters that want to do business in China and other Asian countries.
The ICBC is the first Chinese-owned bank to enter Peru's financial sector, where it will compete with Banco de Credito del Peru, the country's largest bank by assets. Other leading banks in Peru are Spain's BBVA Banco Continental, Canada's Scotiabank, and Peru's Interbank.
Chinese interest in Peru has also extended to the energy and fishing sectors. In November, China National Petroleum Corp., China's largest integrated-oil and natural-gas producer, announced a $2.6 billion deal to acquire the oil-and-gas assets in Peru of Brazil's Petroleo Brasileiro SA.
Other Chinese acquisitions of Peruvian assets last year included China Fishery Group Ltd.'s purchase of Peru's Copeinca ASA, which is the world's third-largest fishmeal and fish-oil producer. Peru is the world's biggest producer of fishmeal, which is used in fertilizer and animal feed.
On 11th October, Mr. Isaac Finger has been appointed CFO of Copeinca ASA.
Mr. Finger has a Bachelor's degree in Industrial Engineering with a Master's Science Degree in Finance from Rochester University, New York, USA. He has vast experience at the position of CFO in various industries such as mining and fishery, among others.
"Copeinca thanks Mr. Chiri Gutierrez for his contribution to the company during his tenure as CFO, and wishes him success in his future endeavours," says Jose Miguel Tirado, CEO of Copeinca ASA.
Reference is made to the announcement dated 24 June 2013 regarding the conditional share purchase agreement entered into between Golden Target Pacific Limited, Dyer Coriat Holding S.L. (DCH) and Weilheim Investments S.L on 21 June 2013, for the acquisition of shares in Camposol Holding Plc by DCH and Weilheim from Golden Target.
Pursuant to the Agreement, DCH, having notification duties as primary insider of Camposol, has purchased on 2 Sept. 2,704,080 Camposol shares from Golden Target. The sale price for each share is USD 3.10 as further described in the announcement made on 24 June 2013.
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