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IN BRIEF - Loch Duart plans for growth with GBP 4m cash injection

UNITED KINGDOM
Friday, November 23, 2012

Loch Duart, founded in 1999 and with about 60 employees across its operations in Sutherland, provided fish for the royal wedding last year and the Diamond Jubilee celebrations.

It also counts a wide range of fine dining restaurants, including Gordon Ramsay at Claridge's in London and the Dornoch Castle Hotel, among its customers.

Now Loch Duart is being backed by the Scottish Investment Bank (SIB) and Capicorn Investment Group and will use the money to upgrade equipment and infrastructure plus invest in business development.

Source: Herald Scotland

 


IN BRIEF - Growing Desire for Convenience to Boost the Global Frozen Fish and Seafood Market Through 2020, Says Technavio

UNITED KINGDOM
Friday, May 06, 2016

LONDON - According to their latest report, Technavio analysts expect the global frozen fish and seafood market to exceed USD 60 billion by 2020, growing at a CAGR of over 4% during the forecast period.

According to Vijay Sarathy, a lead research analyst at Technavio for foodresearch, “The demand for seafood continues to increase globally due to the significant population growth in countries such as China, India, and Brazil. Moreover, the development of modern distribution channels along with technological improvements in the processing, packaging, and storage of seafood products also help market growth.”

Technavio’s lead food and beverage market research analysts have identified the following three factors that will drive the global frozen fish and seafood market:

-Growing desire for convenience
-Emergence of fish or seafood as a light snack
-Growing demand for frozen seafood

Source: Business Wire


IN BRIEF - Fish Adapted Color Vision in Blink of Evolutionary Eye

CANADA
Friday, May 06, 2016

The stickleback fish did something in less than 10,000 years that would take other animals at least 100 times as long: It adapted its color vision to a new environment.

That was among the findings in a new study in the journal Proceedings of the Royal Society B by researchers from the University of British Columbia (UBC).

These Fish Are Oddly Shaped For A Reason: Photos

The scientists compared the vision of two brands of stickleback – one ocean-faring, the other a freshwater relative.

They looked at each fish's sensitivity to different light wavelengths and found that while the marine sticklebacks were more sensitive to blue and ultraviolet light, the freshwater fish were more sensitive to wavelengths of light common in their murky lake-water environments, such as green and orange.

Source: News Discovery


IN BRIEF - Investigation team inspect aftermath of huge fire at Grimsby fish firm

UNITED KINGDOM
Friday, May 06, 2016

Investigations into a huge fire at a Grimsby fishmongers have taken place on May the 4th 2016's morning.

As reported, up to 20 firefighters attended the blaze at the smokehouse of Atkinson's Smoked Fish Ltd, off King Edward Street, at 3pm of May the 3rd 2016.

All four members of staff at the site escaped unharmed as the fire ripped through the roof of the building, causing substantial damage and leaving the future of the business in jeopardy.

A spokesperson from Humberside Fire and Rescue confirmed a fire investigations officer had been on the scene last night and continued enquiries this morning to determine where and how the blaze started.

The results of the investigation are likely to be known within the next few days.

Source: Grimsby Telegraph


IN BRIEF - Cite common views on necessary tuna conservation and management activities in Western and Central Pacific Ocean

UNITED STATES
Friday, May 06, 2016

Washington, D.C. – The International Seafood Sustainability Foundation (ISSF) and the Parties to the Nauru Agreement (PNA) announced today that they have signed a Memorandum of Understanding (MOU) establishing a framework for mutual cooperation. The three-year MOU will establish a mechanism for working more closely together on shared activities to promote the sustainability of tuna fisheries, as well ecologically healthy and productive marine ecosystems, in the Western and Central Pacific Ocean (WCPO).

ISSF and PNA share the view that there is a need to improve the conservation and sustainable use of tuna resources in the WCPO. ISSF and PNA also acknowledge the role that the Western and Central Pacific Fisheries Commission (WCPFC) plays in assessing and managing tuna populations in the WCPO. ISSF further recognizes that PNA members are responsible for implementing the decisions adopted by the PNA Ministers and WCPFC within waters under their national jurisdiction.

“The PNA has been committed to the adoption of harvest control rules in the WCPFC, has achieved the first ever Marine Stewardship Council certification of a purse seine tuna fishery, and has put into place strong monitoring, control and surveillance (MCS) measures like 100% observer coverage, VMS and FAD tracking,” said ISSF President Susan Jackson. “We applaud and support these activities by the PNA, and advocate for similar programs across all tuna RFMOs and tuna fisheries. It is a natural next step that ISSF and PNA, who have worked alongside for some time now, have formalized a cooperative relationship,” Jackson continued.

Source: ISSF


IN BRIEF - Fish still sell despite crisis

VIET NAM
Friday, May 06, 2016

HCM City - After being unable to sell their catches for many days due to the mass fish deaths, fishermen in the central provinces of Hà Tinh and Qu?ng Bình have been thrown a lifeline by businesses coming forward to buy from them.

Saigon Co.op has begun to buy fish caught offshore and certified as safe by authorities at the Gianh River fishing port in Qu?ng Bình.

Võ Hoàng Anh, Saigon Co.op’s marketing director, said Co.opmart bought around 20 tonnes on Sunday 1st of May 2016, mainly round scad and blue fish.

The fish were checked, issued safety and hygiene certificates, and identified as being caught offshore by the provincial Department of Fisheries Resources Exploitation and Protection, the Department of Agro-Forestry-Fisheries Quality Assurance and the Department of Food Safety and Hygiene, he said.

Source: Viet Nam News


IN BRIEF - Country of origin labels needed in food outlets to end barramundi confusion, farmer says

AUSTRALIA
Friday, May 06, 2016

Country of origin labelling is needed to stop imported fish from Asia being sold as barramundi, according to a north Queensland barramundi farmer.

Justin Forrester, manager at Coral Coast Barramundi Farm near Bowen, believes many restaurant diners and fish and chip shop customers are paying a premium, believing their fish is from Australia.

"Obviously barramundi, being an Aboriginal name, it's got Australian connotations to it," Mr Forrester said.

"The research shows 60 per cent of all barramundi eaten in Australia is actually from overseas.

"So nearly two thirds of the barramundi eaten in the country is from somewhere else."

Source: ABC


IN BRIEF - P.E.I. fish plants still understaffed

CANADA
Friday, May 06, 2016

The Seafood Processors Association says it expects to see worker shortages again at P.E.I. lobster plants, though it's hoped the number will be up from last year.

The industry has worked hard to recruit new people, officials said, but numbers still aren't where they need to be.

P.E.I. plants need a total of about 1,900 workers during peak season, said Dennis King, executive director of the Seafood Processors Association.

"I think across the board we would say we're still understaffed compared to what we would need for a full complement of employees," he said.

"But I think the efforts, or at least we're hopeful as we enter into the very busy lobster season ... that we have things in much better hand than we've had in the past."

Source: CBC


EN BREVE - Omega Protein Announces First Quarter 2016 Financial Results

UNITED STATES
Friday, May 06, 2016

HOUSTON - Omega Protein Corporation, a nutritional product company and a leading integrated provider of specialty oils and specialty protein products, today reported financial results for the first quarter ended March 31, 2016.

First Quarter 2016 Highlights

Revenues:  USD 84.8 million, compared to 
USD 71.6 million in the same period in 2015,

Gross profit margin:  29.3%, compared to 20.7% in the same period in 2015

Net income: USD 8.4 million, or USD 9.1 million on an adjusted basis, compared to USD 1.7 million, or USD 2.6 million, on an adjusted basis, in the same period in 2015

Earnings per diluted share: USD 0.37, or USD 0.40 on an adjusted basis, compared to USD 0.08, or 


IN BRIEF - U.S. consumers hooked on health benefits of fish, Cargill survey finds

UNITED STATES
Friday, May 06, 2016

MINNEAPOLIS - According to a recent Cargill Animal Nutrition survey, U.S. consumers recognize there are more health benefits associated with eating fish and seafood compared to taking fish oil supplements. Consumers understand that the health benefits of fish, the world's fastest growing protein source, outweigh that of fish oil supplements, despite their popularity.

While one-third (33 percent) of U.S. households take fish oil supplements, more consumers (90 percent) across all generations associate health benefits with fish/seafood over fish oil supplements (82 percent). According to the study, the top three benefits consumers associate with seafood consumption are heart health (60 percent), low fat (49 percent) and brain health (41 percent).

Source: PR Newswire


IN BRIEF - Anti-dumping duties on Vietnamese fish too high

VIET NAM
Friday, May 06, 2016

Over the last few years, firms exporting Vietnamese basa and tra fish fillets to the US have faced severe problems due to a sudden increase in anti-dumping duties. At these rates, the Vietnamese exporters will find it increasingly difficult to export to the US market. Dharmendra N. Choudhary, a Washington DC-based international trade attorney with the law firm GDLSK LLP, speaks about the reasons behind the change.

Why has the Department of Commerce insisted on selecting Indonesia as surrogate country for Viet Nam? What are the main causes and objectives? As a surrogate value expert, how do you evaluate the Department of Commerce’s actions in relation to Vietnamese fish exporters?

For a long time, Bangladesh was consistently selected as the surrogate country from a list of six potential surrogate country choices circulated by the Office of Policy of Commerce at the beginning of each proceeding.

Source: Viet Nam News


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