IN BRIEF - Good outcome for Scots fishermen at EU-Norway negotiations
Friday, January 18, 2013
Scottish fishermen have broadly welcomed the outcome of negotiations between the EU and Norway to decide upon catching allocations for shared stocks in 2013.
The bilateral talks concluded this morning, and against a background of recovering stocks and the scientific advice, quota increases were agreed for a number of key stocks including North Sea haddock (15% increase), North Sea whiting (11%), North Sea plaice (15%), North Sea saithe (15%), and North Sea herring (18%). The North Sea cod quota remains unchanged at the 2011 level, with a facility for boats to increase their cod catch further if they participate in catch quota trials. There was also a 15% increase for West of Scotland saithe.
For mackerel, a catch limit was set that followed scientific advice and which will maintain the EU and Norway’s traditional share of the total allowable catch. This is an arrangement that will signal the resolve of the EU and Norway against the background of continuing failure to achieve an international management agreement for the stock with Iceland and the Faroes.
Losses of shrimp growers and processors are piling up in the face of sluggish global demand for black tiger bagda of Bangladesh amid ample supply of the vannamei variety and weak currencies of major export destinations against the dollar.
“We are going through a rough time,” said Atiar Rahman, a shrimp farmer from Rampal in the southwestern district of Bagerhat.
Rahman is one of the 8.33 lakh farmers who culture shrimp on 2.75 lakh hectares of land in the coastal regions and help the country earn more than half a billion dollars in export receipts every year.
“Almost all of us are making losses for weak prices and mortality,” said Rahman, who managed to recover only one-fifth of his investment last year.
When the International Seafood Sustainability Foundation’s (ISSF) Participating Companies agreed to follow the Foundation’s list of Conservation Measures, they knew that independent compliance auditing would be necessary to independently assess conformance and also to track performance over time. With the level of detail in this year’s audit, it has become even more obvious that the independent audit is an indispensable part of the process. Not only does it keep things in check, it has proven to be the most effective way to track detailed progress and reveal gaps that need additional work. During MRAG Americas’ recent audit of the Participating Companies to assess conformance with the 2014 conservation measures and commitments, we took things further than in year’s past. We shared our preliminary findings with all of the individual companies and a dialogue period allowed all parties to discuss the information submitted and to provide additional information to assist us in reaching accurate and well-supported conclusions. The final audit results were based, then, on a more thorough review of all relevant information, resulting in the most clarity in ISSF auditing results MRAG Americas has ever been able to report, as well as the ability for ISSF to track continuous improvement. Not only does this serve the primary audit and compliance purposes, but perhaps more importantly, it gives a clear picture of where everyone is, and helps chart a course for where they need to be.
Companies participating in ISSF commit to follow 21 separate measures designed to facilitate real and continuous improvement across global tuna stocks. These measures represent science-driven best practices, approved by the ISSF Board, that have measurable positive impacts on tuna stocks. Conservation measures include a policy for prohibition of shark finning, ability to trace tuna from capture to plate, and other policies designed to improve the long-term sustainability of tuna and to provide transparency to purchasers and the public at large.
Without an auditing protocol and program, conformance with these voluntary commitments would be dfficult to measure and tracking the progress of each company’s conformance over time would be next to impossible. That’s where MRAG Americas comes in. ISSF engaged MRAG Americas in 2014 to review and improve ISSF’s audit process, as well as to conduct an audit of the performance of the Participating Companies against the measures in-force in 2014. As a result, for 2014, ISSF is delivering an additional level of clarity to provide interested stakeholders with greater definition and explanation of conformance by individual measure.
Thai frozen food business operators have denied allegations by the Agriculture and Cooperatives Ministry that they have been illegally importing fresh shrimp from Indonesia.
The ministry told media lastweek that members of the Thai Frozen Foods Association (TFFA) have solved their raw material shortage by importing shrimp from Indonesia even though the government ban the import because of the outbreak of early mortality syndrome (EMS) in some countries. "Our members did not import shrimp from Indonesia despite the shortage.
The government allows chilled shrimp imports, so we still have a source ofmaterial for shrimp processing," said Poj Aramwattananont, president of TFFA. The government used ministerial regulations announced in 2010 to temporarily prohibit the import of fresh shrimp during an EMS outbreak, but will allow imports during normal conditions.
Commissioner Karmenu Vella has travelled to Europe's biggest fishing port in Vigo, Spain, this week to mark two important anniversaries on the fisheries calendar: the tenth anniversary of the European Fisheries Control Agency (EFCA) and the 20th anniversary of the FAO Code of Conduct for Responsible Fisheries. Mr Vella used his visit to recognise both organisations' achievements in promoting and enforcing sustainable fisheries.
In particular, Mr Vella praised the FAO Code as a source of "major inspiration" for the reform of the EU's common fisheries policy, which is now aligned with the Code's key principles: precaution, science and an ecosystem approach. Stressing the FAO's and the EU's shared vision of the need to manage the world's oceans sustainably, he called for a joint push to build on the Code's foundation and work towards sustainable fisheries and aquaculture and better international ocean governance.Commissioner Karmenu Vella has travelled to Europe's biggest fishing port in Vigo, Spain, this week to mark two important anniversaries on the fisheries calendar: the tenth anniversary of the European Fisheries Control Agency (EFCA) and the 20th anniversary of the FAO Code of Conduct for Responsible Fisheries. Mr Vella used his visit to recognise both organisations' achievements in promoting and enforcing sustainable fisheries.
In particular, Mr Vella praised the FAO Code as a source of "major inspiration" for the reform of the EU's common fisheries policy, which is now aligned with the Code's key principles: precaution, science and an ecosystem approach. Stressing the FAO's and the EU's shared vision of the need to manage the world's oceans sustainably, he called for a joint push to build on the Code's foundation and work towards sustainable fisheries and aquaculture and better international ocean governance.
The exit route for Kiliç Deniz remains unclear at this stage. NBK could not be reached for comment at the time of publication.
NBK orginally acquired a 20% stake in the business in 2010. The investment was made through NBK Capital Equity Partners Fund I, representing the GP's fifth deal in Turkey at the time. This is the fund's sixth realisation, with two portfolio companies remaining.
At the time of the original investment, Kiliç Deniz was generating TRY 140m in revenues. Financial details at the time of the exit where not disclosed.
Headquartered in Bodrum, Turkey, Kiliç Deniz is an aquaculture company operating in the Mediterranean region and focusing on sea-water and fresh-water fish production. The company is active in all aspects of fish farming, including incubation, harvesting, processing and fish-feed production.
TORONTO – The Lake Erie yellow perch and walleye (pickerel) fisheries have become the fourth and largest commercial freshwater fishery in the world to achieve MSC certification, demonstrating they are well-managed and environmentally sustainable. They are the first in the Great Lakes to achieve MSC certification and only the second in North America.
With total catches of 3,176 metric tonnes of yellow perch and 2,132 metric tonnes of walleye in 2014 by the now certified vessels, the fisheries will provide a significant volume of MSC certified lake fish to markets in the U.S., Canada and globally. This also signifies an influx of locally sourced, MSC certified fish for the 11.6 million inland inhabitants in the surrounding Canadian and U.S. areas – a rare opportunity for non-coastal communities.
“Our fisheries have a long, rich history, and operating them sustainably is about ensuring our local industry can stay productive and competitive for this and future generations,” said Tim Tiessen, President of the Ontario Commercial Fisheries' Association (OCFA). “Sustainability is the hallmark of our industry so MSC certification is excellent news for the Lake Erie yellow perch and walleye commercial fisheries. The companies buying our fish are looking for ways to prove to their customers that it is responsibly sourced, and the MSC certification allows us to do just that.”
Lake Erie is not only home to one of the world’s largest freshwater commercial fisheries but also the economic backbone of many local communities founded on and supported by the industry. As the most important species harvested, yellow perch and walleye (pickerel) contribute heavily to the area’s 1,490 fishing and processing jobs, provided by independently-owned small and medium sized businesses.
Strengthens Clearwater's leading global market position in complementary premium wild seafood with an immediate 20% expansion of supply (approx. 15 million lbs) of high quality shellfish including; scallops, langoustine, whelk and crab;
Purchase price of GBP 94.4 million plus approximately GBP 4 million in seasonal working capital debt agreed with existing owners, the Beaton Family and Change Capital Partners;
Projected sales for year ended September 30, 2015 of approximately GBP 52 million with GBP 9.2 million of adjusted EBITDA projected to grow by 25% to GBP 11.5 million in 2016 from recent investment in complementary shellfish species;
Expected to be accretive in 2016 to adjusted earnings of CAD 0.17 on a per share basis;
Attractive near term opportunities for future growth in adjusted EBITDA from harvesting, processing, marketing, sales and distribution; and
Expected to close on or before October 30th, 2015.
I asked Shetland locals where I and my cameraman should go to see the seals. I was expecting to be given complex map readings leading to a quiet cove. "Behind Tesco” was the advice I actually got. Sure enough, there they were.
A group of seals hauled out on a rocky outcrop. With bushy whiskers twitching and big eyes full of curiosity, it was clear they were just as interested in us. It's revealing that one of the best known sites in Shetland for seal watching is behind the biggest supermarket. Around Shetland the seals live remarkably close to their human neighbours - and that's what's getting them into such deep trouble.
The salmon farms are big business for Shetland and parts of mainland Scotland. Production has rocketed 10% in a year - to a record 179,022 tonnes worth GBP 733 million. Long before the "aquaculture" arrived, the seals were here.
Since legislation in 2010 they have had "enhanced protection measures", meaning you can’t injure or kill a seal. The system allows an exception for the salmon farmers, who can get special licenses to kill them. It is always stressed that this is a last resort after all else has been tried.
The first week of October 2015 without warning the Prime Minister announced the creation of a marine sanctuary twice the size of New Zealand around the Kermadec Islands, a remote, near-pristine location that is hardly fished at all. What could be wrong with that? Quite a lot, says the seafood industry.
To most Kiwis, the creation of a massive marine sanctuary in a remote area that isn't exploited by fishermen or undersea miners is a terrific idea.
The Kermadec chain, midway between the Bay of Plenty and Tonga, is considered one of the last semi-pristine ocean areas on the planet. It contains the second deepest ocean trench, an arc of 30 undersea volcanoes, millions of seabirds, hundreds of fish species.
No wonder that Prime Minister John Key and Environment Minister Nick Smith trumpeted the creation of the Kermadec Ocean Sanctuary, which Key announced at the United Nations in New York to much acclaim.
But to that part of the fishing industry that targets migratory pelagic species in the Pacific, mainly tuna of several kinds, it was surprising and unwelcome news.
ANCHORAGE – The Alaska Department of Natural Resources has granted wildlife protection to a portion of the Chuitna River watershed in the western part of the Cook Inlet. The area is the site of a proposed coal mine, which some say could pollute local waters and endanger the salmon population.
The Chuitna Citizens Coalition submitted three water reservation applications to the DNR’s Division of Mining, Land and Water. One of the applications – which protects wildlife in the southern part of the watershed – was approved. However, the two other applications — which would have protected areas where the coal mine is to be dug – were denied.
“We’re guided by statutes and regulations on what we need to consider in our decisions. It is a difficult balance,” said DNR Division Director Brent Goodrum.
Maldives fisheries minister receives IPNLF Award Thailand
Minister of Fisheries and Agriculture for the Maldives has been presented with the International Pole & Line Foundation Award that recognises Inspiration and Collaboration in the pole-and-line and handline sector.