IN BRIEF - Thai Union tops in Asia for CSR and Sustainability in latest Seafood Intelligence Top 100 Report
Friday, February 17, 2017
BANGKOK - Thai Union Group PCL ’s 2015 Sustainability Report has earned the number-one ranking in Asia for sustainability reporting in the recently-released Top 100 Seafood Firms’ Transparency Benchmark from Seafood Intelligence, a global news service that reports on the seafood sector and evaluates the industry’s sustainability data and transparency levels.
“Thai Union is incredibly proud to be named in Seafood Intelligence’s latest Top 100 report,” said Darian McBain, Ph.D., Thai Union’s global director for sustainable development. “Sustainability remains of critical importance for Thai Union. As a leading seafood company, we are determined to drive positive change throughout the industry.”
Thai Union’s report, released in May of last year, was ahead of 35 other firms headquartered on the Asian continent. Additionally, Thai Union was rated in the top five of all wild-catch fisheries firms worldwide and in the top three of wild-catch tuna fishing companies globally.
Great American Aquaculture is finishing work on what will be the largest recirculated salt water aquaculture facility in the United States. The fish farm at 64 Avenue of Industry in Waterbury will have a population of about 350,000 European sea bass, also known as branzino, when the project is finished. Company President Eric Pedersen says it will be the only local source of European sea bass, which is currently shipped to the Northeast from the Mediterranean.
New Zealand King Salmon Investments expects annual earning to beat its offer document forecast on strong demand for its products and affirmed its projected profit for 2018.
Pro-forma operating earnings before interest, tax, depreciation and amortisation is forecast to be between NZD 20.5 million and NZD 21 million in the year ending June 30 2017, up from the NZD 19.2 million predicted in its October offer documents and ahead of NZD 16 million a year earlier, the Nelson-based company said in a statement. The pro-forma operating earnings forecast exclude a NZD 1.8 million gain from a settlement with a supplier announced last month, costs of NZD 800,000 over the proposed relocation of salmon farms, and NZD 2 million of listing expenses.
The earnings upgrade was "due to strong ongoing demand and continued positive fish performance," chief executive Grant Rosewarne said.
Fishing fleets dump about 10 percent of the fish they catch back into the ocean in an "enormous waste" of low-value fish despite some progress in limiting discards in recent years, scientists said on Monday 26th of June 2017.
A decade-long study, the first global review since 2005 and based on work by 300 experts, said the rate of discards was still high despite a decline from a peak in the late 1980s. Discarded fish are usually dead or dying.
Almost 10 million tonnes of about 100 million tonnes of fish caught annually in the past decade were thrown back into the sea, according to the "Sea Around Us" review by the University of British Columbia and the University of Western Australia.
PHILADELPHIA - FMC Corporation has signed a definitive agreement to sell its Epax® Omega-3 business to Pelagia AS. The transaction is expected to close by the end of Q3 2017, subject to customary regulatory approvals and closing conditions.
"We are pleased to sell our Omega-3 business to Pelagia AS, a leading manufacturer of pelagic fish products," said Eric Norris, president, FMC Health and Nutrition. "We believe Pelagia provides a strong strategic fit for our Epax® Omega-3 product line and will complement Pelagia's existing portfolio."
Chinese fishing firm fined for tuna fishing illegally New Zealand
Chinese authorities have deregistered and fined a Chinese commercial fishing company approximately USD 596,000 for misreporting bluefin tuna catches and fishing without a licence adjacent to the New Zealand Exclusive Economic Zone.