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Salmones Austral seeks financial restructuring

Wednesday, October 14, 2015, 00:20 (GMT + 9)

Given the challenging pricing environment faced by the salmon farming industry, Salmones Austral -- company linked to the families Navarro, Hurtado and Nenadovich, in addition to the supplier Biomar—has started the search for a partner in order to refinance its debt. According to Aqua, the company experienced a similar process in 2013, when Trusal and Pacific Star merged to form Salmones Austral. This time, the Norwegian bank DNB and Asset Chile are advising the company in a financial restructuring process of its liabilities and also in the search for strategic options, such as the entry of a partner via capital increase or the sale of the company. Although the second option is not the one becoming stronger, as it was stated by sources closer to the operation, they are open to the best alternatives that arise. The financial restructuring process is intended to res... FULL STORY

Revolutionary floating farm concept proposed for city sustainability
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A cutting-edge floating farm project has been devised near the world’s cities in an attempt to meet the ... FULL STORY
Salmon exporters strengthen position in South African market
Oct 13, 21:50
Demand for Norwegian salmon has grown in South Africa with a market share reaching 90 per cent despite hig... FULL STORY
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Pathogen-carrying invasive fish from China offers risks to US resources
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The topmouth gudgeon (Pseudorasbora parva), which is deadly for most other fish species, is predicted to come ... FULL STORY
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NOAA declares global coral bleaching event
Oct 13, 03:00
The third global coral bleaching event ever on record was confirmed by NOAA scientists after observing that re... FULL STORY

MoU settled with Italian authorities to boost Ghanaian fish production
Oct 13, 22:50
Fishing authorities of Ghana have signed a memorandum of understanding (MoU) with the president of the district of Mazara Del Vallo in Italy, Giovanni... FULL STORY

United Kingdom
Scottish Sea Farms boost smolt sites by recycling responsibly
Oct 13, 22:40
Scottish Sea Farms (SSF) call upon the expertise of Fusion Marine to upgrade smolt production sites on the Isle of Mull and Sutherland using material ... FULL STORY

The shrimp is heading for another record year
Oct 13, 22:30
The volume of shrimp catches reports a sustained upward trend, achieving over 93,000 tonnes. Puerto Deseado, Puerto Madryn and Rawson account for almo... FULL STORY
United States
Oct 13, 03:00 (GMT + 9):
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Oct 13, 03:00 (GMT + 9):
IN BRIEF - Alaska Fish Factor: Is Alaskan Pollock Really Alaskan Pollock?
Oct 13, 03:00 (GMT + 9):
IN BRIEF - FAO Responsible Fisheries Code Celebrates 20-Year Anniversary
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Oct 13, 03:00 (GMT + 9):
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Oct 13, 02:20 (GMT + 9):
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Oct 13, 01:20 (GMT + 9):
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Oct 13, 01:00 (GMT + 9):
IN BRIEF - Partners commit to support all GSSI recognized certification schemes
Oct 13, 00:30 (GMT + 9):
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Oct 12, 22:50 (GMT + 9):
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Oct 12, 22:20 (GMT + 9):
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United Kingdom
Oct 12, 01:30 (GMT + 9):
Orkney crab to gain protected status
Oct 12, 00:40 (GMT + 9):
Clearwater intends to expand business by purchasing Macduff

Cargill completes Ewos acquisition
Norway Cargill has completed the acquisition of Ewos, a global leader in salmon nutrition, for EUR 1.35 billion.
Sustainable fisheries becomes focus of summit in Vigo
Spain More than 40 fishing ministers, deputy ministers and CEOs met in Vigo, convened by deputy director general of FAO Fisheries, aware that with fisheries and aquaculture as the core, the oceans can be a source of wealth provided that their exploitation is performed sustainably.
FAO’s initiatives granted support of international aquaculture sector
Worldwide Sub-Committee on Aquaculture supported the efforts of FAO in developing the Technical Guidelines on Aquaculture Certification and the Evaluation Framework to assess the conformity of aquaculture certification schemes with the guidelines.
Orkney crab to gain protected status
United Kingdom On a meeting with fishermen at the inshore fisheries conference, Rural Affairs Secretary Richard announced an application is being lodged to gain European protection for Orkney crab.
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