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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 - Fishing industry sends message to Cameron over discards

UNITED KINGDOM
Friday, July 25, 2014

 

Fishing industry representatives left Prime Minister David Cameron in no doubt about the need to tackle the European Commision over the discards ban.

 

The Prime Minister went to sea on board the Radiant Star on Wednesday 23 of July 2014 on a short trip south from Lerwick and back.

The industry took the opportunity to highlight the lack of progress in finding a way to introduce the landings obligation without jeopardising the future of the local fleet.

Shetland Fisherman’s Association executive officer Simon Collins said: “We were very clear that the means must be found to overcome this blockage, which stands in the way of a very bright future for the industry here.

“The Prime Minister gets it. He clearly understands the limitations of top-heavy management from Brussels, with remote bureaucrats and MEPs trying to stuff unworkable regulations down our throats. We emphasised that there is nothing wrong with taking a second look at rules that don’t do the job they’re supposed to do.”

Source: Shetland Times

 


IN BRIEF - Marel hf. - Marel Q2 2014 Results

ICELAND
Friday, July 25, 2014

 

Strong order intake

-- Refocusing on track

-- Revenue for Q2 2014 was EUR 169.8 million 

-- Adjusted EBITDA (EBITDA before refocusing cost) was EUR 18.0 million or 10.6% of revenue. EBITDA was EUR 13.0 million or 7.7% of revenue

-- Adjusted operating profit (EBIT) was EUR 10.7 million or 6.3% of revenue. EBIT was EUR 3.6 million or 2.1% of revenue

-- Net result for Q2 2014 was EUR 0.8 million. Earnings per share was EUR 0.10 cents

-- Cash flow from operating activities before interest and tax was EUR 20.4 million  Net interest bearing debt was EUR 204.5 million at the end of Q2 2014

-- The order book was at EUR 156.4 million at the end of Q2 2014 compared with EUR 138.4 million at the end of Q1 2014

Marel's main markets are showing positive developments. With a focused market approach Marel secured well balanced orders in large systems, standard equipment and spares. Operational profit in Marel's poultry segment is improving and salmon activities are performing well.

Source: The Wall Street Journal

 


IN BRIEF - Steve Yung appointed as new Sealord CEO

NEW ZEALAND
Friday, July 25, 2014

 

Sealord Group Ltd’s Board of Directors has appointed experienced food industry leader Steve Yung as the company’s next CEO.

 

Canadian born Yung has most recently been Managing Director of McCain Foods Australia/New Zealand and will take up his new role, based in Auckland on the 25th August 2014. He was a member of the global Senior Leadership Team at McCain.

Sealord Group Chairman Matanuku Mahuika said Yung has a strong set of skills that will help the company’s growth and development, particularly in the Australian market.

“Steve’s extensive experience in multi-national food manufacturing environments will be extremely valuable as Sealord works to grow and develop our business.

“He joins the business towards the end of what we expect to be a solid financial year in which Sealord has returned to profit after the challenges of last year and is looking at opportunities to further improve its existing operations,” said Mahuika.

Yung brings 30 years of broad multi-channel experience in the food industry; including FMCG, food service, manufacturing and agriculture across Australian, New Zealand and Canadian markets.

Source: Scoop

 


IN BRIEF - Gail Shea would 'look at all the options' on food fishery

CANADA
Friday, July 25, 2014

 

Federal Fisheries Minister Gail Shea says she is open to looking at extending the season of the recreational fishery or reverting to a tagging system, but warns that the sustainability of cod stocks remain paramount.

 

While speaking with reporters in St. John's on Wednesday 23 of July 2014, Shea was asked whether the food fishery could be extended beyond a few weeks in the summer.

The current food fishery opened last Saturday and will close Aug. 10 2014. On the opening day, Gordon Reid, 72, died off Bell Island when a small boat capsized.

While RCMP confirmed that Reid and two others were not wearing life-jackets, there have been calls to extend the length of the food fishery so that participants will not feel rushed.

Other provinces allow recreational fishing for a much longer period.

"We're certainly willing to look at anything, but there has to be some control on how much fish are coming out of the water as well," said Shea.

"This is the species we're trying to rebuild so we can't just have a fishery where anybody can go fish any amount of fish that they want."

Source: CBC

 


EN BREVE - Eel farmers face state regulation to manage new extinction risk

JAPAN
Friday, July 25, 2014

 

The government plans to impose regulations on eel farmers because the Japanese variety was internationally designated as a species at risk of extinction last month, government sources said.

 

Since eel farming in Japan relies mostly on catches of wild young eel, which are on the decline, the government wants to prevent excessive production and catches from developing in the world’s biggest consumer of the fish.

Japan plans to work out a decree by the end of the year requiring eel farmers to file reports to help it determine actual conditions, such as the number being produced on fish farms, the sources said Wednesday 23 of July 2014.

In the future, the government plans to start a permit system for eel farmers, they said.

Two groups of domestic eel farmers — the All Japan Eel Culture Association and the Union of Eel Farmers Corporation of Japan — also plan to launch a joint organization to manage production and call on nonmembers to participate, the sources said.

There are around 420 eel farmers in Japan, according to the Fisheries Agency.

A new law enacted in June 2014 allows the government to regulate inland fisheries when necessary to ensure sustainable use of resources.

Source: Japan Times

 


IN BRIEF - Antarctic fish should survive global warming - research

NEW ZEALAND
Friday, July 25, 2014

 

A University of Canterbury student researcher is investigating how emerald rock fish in the Antarctic can adjust and survive the predicted global and sea temperature increase.

 

After the formation of the Antarctic continent about 25-30 million years ago, seawater around Antarctica cooled to its current temperature of approximately minus -1.9C degrees.

Canterbury postgraduate Charlotte Austin says Antarctic cod dominate the Southern Ocean and due to a wide range of predators including whales, orca, seals, penguins and other fish, they are vital to the Antarctic food-web and ecosystem.

Several species have been targeted by humans for commercial fisheries with varying success. The Antarctic toothfish is targeted for commercial consumption and the sustainability of this fishery is a subject of contention.

Source: Voxy

 


IN BRIEF - Aquaculture report recommends regulatory reform

AUSTRALIA
Friday, July 25, 2014

 

New aquaculture 'development areas' could be set up in central and northern Queensland if a report by the state's competition authority is adopted.

 

The draft report recommends reforming regulation in the AUD 80 million industry to better reach its potential and attract more investment.

But prawn farmers say there's still a lot of work to be done.

For the past ten years, tight regulations and environmental concerns have stifled Queensland’s aquaculture industry.

But the State Government has asked the Queensland Competition Authority to investigate reforms to help boost investment.

The QCA has recommended offering investors more certainty by earmarking development areas for land-based aquaculture spanning 450 hectares.

Each would have its own government-developed regulatory code.

Source: ABC

 


IN BRIEF - Salmon producer Tassal given almost AUD 4 million for fish by-product factory near Triabunna

AUSTRALIA
Friday, July 25, 2014

Tasmanian salmon producer Tassal has reaped a grant of AUD 3.85 million to produce a fish meal plant on farmland near Triabunna.

The facility will be located about 4 kilometres north-east of Triabunna on the Tasman Highway and will process 20,000 tonnes of fish by-product per year.

Federal MP Eric Hutchinson announced the government funding at the site of the development.

"The Tassal Group project is another example of Tasmanian innovation and ingenuity, implementing projects like this one will help to stimulate the local economy and support growth and employment," he said.

Source: ABC


IN BRIEF - Scottish fishermen play key role in Marine Protected Area designation

UNITED KINGDOM
Friday, July 25, 2014

 

The designation on 24 July 2014 by the Scottish Government of a network of Marine Protected Areas (MPAs) around the Scottish coast is the result of co-operation and consultation involving a wide range of marine stakeholders, including Scotland’s fishermen.

The fishing industry played a crucial role in the processes leading to the designation of the MPA sites, says Bertie Armstrong, chief executive of the Scottish Fishermen’s Federation, and time must now be given to assess their effectiveness in achieving the essential balance between conservation and sustainable fishing.

“The key criteria for the fishing industry were that the designation of MPAs needed to be both evidential and proportional, and we are pleased that this has been the case,” he said.

“The fishing industry recognises the importance of protecting vulnerable marine species and habitats, and in some of the MPAs just designated, our fishermen have had the opportunity with government to influence the choices to best effect .Indeed, fishermen have already demonstrated their support by introducing their own voluntary protection measures in some areas. These voluntary measures restrict activities in 11 specific sites and are being put in place immediately.

SFF Press Release 24.07.14 - Scottish fishermen play key role in Marine Protected Area designation

 


IN BRIEF - Nutreco reports higher first half year results

NETHERLANDS
Friday, July 25, 2014

 

-Revenue of EUR 2,460.0 million; an increase of 2.6% compared to H1 2013. Organic volume effect was 5.2%

-First half year EBITA before exceptional items of EUR 108.2 million, 15.0% higher than last year (H1 2013: EUR 94.1 million)

-Animal Nutrition EBITA increased by 4.7% to EUR 59.6 million (H1 2013: EUR 56.9 million) mainly as a result of a good performance in mature markets and our continued focus on higher value-added nutritional solutions

-Fish Feed EBITA increased by 23.9% to EUR 43.5 million (H1 2013: EUR 35.1 million) mainly driven by higher salmon feed volumes in Norway due to exceptional market circumstances and the contribution of the operating companies in Ecuador and Egypt which were acquired in 2013
Compound Feed & Meat Iberia EBITA of EUR 18.1 million was 31.2% higher than in 2013 (H1 2013: EUR 13.8 million) mainly due to lower raw material prices and good chicken and pork meat markets

-Nutreco will initiate an additional share buy-back programme of EUR 100 million

-The interim dividend is determined at EUR 0.30 per ordinary share (H1 2013: EUR 0.30)

-Based on current trading conditions and barring any unforeseen circumstances Nutreco expects full year 2014 EBITA before exc eptional items from continuing operations to be at least equal to 2013 (EUR 256.3 million)

Knut Nesse, CEO Nutreco: "We are pleased to report a satisfying first half year operating result of EUR 108.2 million which has been achieved due to better performances in all segments.

 


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Jul 25, 04:40 (GMT + 9):
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