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IN BRIEF - Massachusetts prohibit the sale of escolar

UNITED STATES
Friday, January 18, 2013

Massachusetts would levy fines on supermarkets and restaurants that mislabel seafood and become the first state in the nation to ban the sale of escolar, an oily species known as the “ex-lax” fish that is often served as sushi, under legislation expected to be filed Friday.

The bill, proposed by the Legislature’s Joint Committee on Consumer Protection and Professional Licensure, comes more than a year after a Boston Globe report revealed widespread seafood substitution in restaurants across Massachusetts. In many instances, less desirable and cheaper species took the place of fresh local fish. A follow-up investigation published last fall found most of those restaurants were still mislabeling seafood.

Businesses caught misrepresenting fish such as Atlantic cod, Atlantic halibut, red snapper, or grey sole could face fines of up to $800 and have their license to operate suspended or revoked after repeat offenses, according to the legislation.

The law would also prohibit the sale of escolar, frequently mislabeled as white tuna or ­albacore at sushi restaurants, and punish first-time violators with a minimum $400 fine or license suspension. Albacore, a white tuna desired for its mild taste, is not related to escolar and typically costs 20 percent more.

Source: Boston Globe


IN BRIEF - 2015 halibut seasons provide more fishing options in Columbia River area

UNITED STATES
Thursday, April 02, 2015

OLYMPIA — Anglers can expect halibut fishing seasons this year to be similar to 2014 for the Puget Sound and coastal waters, with some additional fishing opportunities in the Columbia River area. WDFW has revised the season structure for the Columbia River fishery to encourage anglers to fish for halibut there, said Heather Reed, WDFW coastal policy coordinator. The season for that area will run continuously instead of being divided between an early and late season.

 

“We continue to look for ways to increase fishing opportunity in the Columbia River area, where the catch has been below the quota in recent years,” Reed said.

Source: The Daily Astorian

 


IN BRIEF - Nireus Aquaculture announces initiation of merger with Sea Farm Ionian

GREECE
Thursday, April 02, 2015

Says initiated merger by absorption of Sea Farm Ionian SA, balance sheet reference date set as March 31, 2015;

Says merger is a part of the restructuring of the group;

Says merger to result in the consolidation of fish farming and relevant activities;

Says merger to strengthen economies of scale and to enhance business efficiency.

Source: Reuters

 


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

 


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