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IN BRIEF - Verlasso Smoked Salmon by Blue Hill Bay at Fancy Food Show

UNITED STATES
Friday, January 18, 2013

MIAMI--(BUSINESS WIRE)--Verlasso(r), the world's first provider of harmoniously raised fish, and Acme Smoked Fish Corporation, a Brooklyn, N.Y.-based producer and distributor of smoked fish, will unveil Verlasso Smoked Salmon during the 2013 Fancy Food Show, Jan. 20-22, 2013 at the Moscone Center in San Francisco. The new product will be available to retail and food industry seafood purveyors through Acme's premium, all-natural Blue Hill Bay(r) Smoked Seafood brand. Show attendees can sample and learn more about Verlasso Smoked Salmon at the Acme booth #883.

Verlasso's Harmoniously Raised difference creates a better environment for fish to grow into great-tasting salmon with a shimmery quality, full fins and bright eyes. A critical aspect of the Verlasso approach protects ocean biodiversity through an innovative solution to the depletion of our world's fisheries. Specifically, Verlasso lowers the "fish in, fish out" ratio of the salmon's diet - the pounds of wild caught feeder fish needed to produce one pound of salmon - from the industry standard of 4:1 for fish oil and fish meal to 1:1 without compromising healthy levels of Omega-3s in the salmon's diet.

Verlasso and Acme collaborated to create right-sized smoked salmon options for grocery stores, delis, gourmet and specialty stores, and select catalogue and online gourmet retailers


IN BRIEF - Label with environmental impact information for aquaculture produce

MALAYSIA
Wednesday, April 01, 2015

 

KUALA LUMPUR - Agriculture and Agro-based Industry Ministry is mulling proposal to include the environmental impact information on the labelling of aquaculture produce here, Parliament was told.

 

Minister Datuk Seri Ismail Sabri Yaakob said the label would inform consumers of the environmental impacts during production process.

"Generally, aquaculture operators like fish farmers have to abide by stringent regulations by the Department of Environment, so such indication in the label of produces will further improve awareness among consumers and help regulate operations by the farmers.

Source: New Straits Times 

 


IN BRIEF - Planning permission for Killybegs fish processing plant is appealed

REPUBLIC OF IRELAND
Wednesday, April 01, 2015

 

It’s emerged that a planning appeal has been lodged in relation to Bio-marine Ingredients Ireland Ltd’s (BII) plan to develop a EUR 40m fish processing facility in Killybegs.

 

Commenting on the development, B.I.I. CEO Jason Whooley said while the company is disappointed at the appeal and the delay which it has the potential to cause, they intend to deal thoroughly with the issues raised by the appellant.

Source: Highland Radio

 


IN BRIEF - Operating profits leap up to GBP 2.56 million at Farne Salmon and Trout Ltd

UNITED KINGDOM
Wednesday, April 01, 2015

 

Operating profits have more than trebled at one of the UK’s top smoked salmon producers despite enduring challenging times, directors have said.

 

Farne Salmon and Trout Ltd have posted operating profit of GBP 2.56m for 2015 June 28, a significant leap on the previous period’s GBP 665,000.

The Duns-based business, which processes salmon and white fish for the retail and wholesale markets, said it was able to report “an improving result despite the continuing difficult economic situation.”

Source: The Journal

 


IN BRIEF - Intertek Awarded Hilton Singapore with Marine Stewardship Council's Chain of Custody (CoC) and Aquaculture Stewardship Council (ASC)

SINGAPORE
Wednesday, April 01, 2015

 

Intertek (LSE:ITRK), a leading provider of quality and safety services to a wide range of industries around the world, is proud to announce that Hilton Singapore has been awarded with the Marine Stewardship Council's Chain of Custody (CoC) and Aquaculture Stewardship Council (ASC), following their successful audit completion in January 2015.

 

The CoC standard is the traceability and segregation standard applicable to the full supply chain from a certified fishery or farm to final sale. While the ASC ensures responsible farmed seafood practices are used in the aquaculture industry.

Source: Bernama

 


IN BRIEF - As concern grows over sustainability of halibut stocks, a bycatch compromise remains elusive

UNITED STATES
Wednesday, April 01, 2015

 

A lot has changed in Alaska since commercial vessels began fishing for halibut off the coastline in 1888, but in almost 130 years, halibut has remained a staple of the state’s fishing economy and culture. Along with salmon and crab, no species of fish captures the Alaska imagination and fills Alaska pocketbooks more than halibut.

 

So it comes as little surprise that the Bering Sea fishery’s estimated 4.5 million pounds of halibut bycatch in 2014 has lot of people concerned. But figuring out how to lower that number without undermining profits in other ground fisheries is a complicated and touchy subject.

Source: Alaska Dispatch News

 


IN BRIEF - Operating profits leap up to GBP 2.56 million at Farne Salmon and Trout Ltd

UNITED KINGDOM
Wednesday, April 01, 2015

 

Operating profits have more than trebled at one of the UK’s top smoked salmon producers despite enduring challenging times, directors have said.

 

Farne Salmon and Trout Ltd have posted operating profit of GBP 2.56 m for 2014 June 28, a significant leap on the previous period’s GP 665,000.

The Duns-based business, which processes salmon and white fish for the retail and wholesale markets, said it was able to report “an improving result despite the continuing difficult economic situation.”

Latest accounts filed at Companies House show the company also grew turnover from GBP 64.4m to GBP 73.4m, a lift of 14%, and pre-tax profits of GBP 2.56m were recorded, up on the previous year’s GBP 130,000.

Source: The Journal

 


IN BRIEF - Fitch Revises Findus's Outlook to Positive; Affirms at 'B-'

UNITED KINGDOM
Wednesday, April 01, 2015

 

LONDON - Fitch Ratings has revised Findus PledgeCo S.a.r.l's (Findus) Outlook to Positive from Stable, while affirming its Long-term Issuer Default Rating (IDR) at 'B-'. The agency has also affirmed Findus BondCo S.A.'s senior secured notes at 'B+' with a Recovery Rating of 'RR2'. Findus PIK S.C.A.'s Issuer Default Rating (IDR) is also affirmed at 'CCC' and its EUR200m 8.25%/9% senior PIK notes at 'CC'/'RR6'. The Outlook revision to Positive reflects Findus's robust financial performance for the financial year to September 2014, despite a challenging trading environment and currency headwinds in the Nordics. Findus has demonstrated it is able to achieve pricing power and defend its EBITDA margin despite increases in raw material prices (fish prices), due to cost reduction, product innovation and efficiency programmes.

KEY RATING DRIVERS Strong Pricing Power Findus demonstrated with its FY14 results that it was able to maintain its margins in the Nordics and improve its margins in the UK and southern Europe, by passing on to customers key input price increases. This is despite a competitive trading environment, especially in the UK where competition among the big UK retailers and discounters remains intense and where price deflation is being experienced in many food categories even by global packaged food companies such as Nestle (AA+/Stable) and Unilever (A+/Stable). Strong Market Positions Findus remains the leader in its key markets of UK, Norway and Sweden with high market shares in branded frozen food but with a concentrated product proposition where 66% of its sales are from fish and seafood.

Source: Reuters

 


IN BRIEF - Roughly 11% decrease in catch values in 2014

ICELAND
Wednesday, April 01, 2015

 

According to preliminary data for 2014 the value of catch has decreased by 10.9% since 2013.

 

Value of demersal catch was 92 billion ISK in 2014 which is about 1% decrease from 2013. The value of all species except cod decreased from previous year. Cod catch values increased by 11.9% and was 53 billion ISK in 2014.

Flatfish catch values were 7 billion ISK and decreased by 28% from prevous year. This is mostly due to 2.6 billion ISK decrease in value of greenland halibut catch.

Source: Statistics Iceland

 


IN BRIEF - Lombardy back on the map as the new Caspian for caviar

MALAYSIA
Wednesday, April 01, 2015

CALVISANO — With pools 85 times the size of the nearby pitches where Rugby Calvisano plays, the company Agro Ittica Lombarda is putting this northern Italian town on the map again — as the world’s top caviar producer.

The story began in the late 1970s, when the town’s steel mill teamed up with a Californian biologist to use the heat generated by the mill to warm pools to raise sturgeons, whose eggs are used to make the salty delicacy.

The world’s most prized caviar comes from wild sturgeon in the Caspian Sea.

Source: MalayMail


IN BRIEF - Revealing Europe's hidden landscape

EUROPEAN UNION
Wednesday, April 01, 2015

 

The Commission is advancing in achieving its marine knowledge objectives with the release of a new digital map of Europe's seabed topography with a higher resolution than had previously been publicly available; about 230 metres compared to 1 kilometre before the launch of the European Marine Observation and Data Network (EMODnet).

It covers all of European seas, including the Norwegian and Icelandic Seas and waters around the Canary Islands. The new digital map is based on over 6000 survey data sets and composite maps provided by 29 data providers from 17 countries.

Source: European Commission

 


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