SeaDragon has negotiated NZD 6 million of new funding from its cornerstone shareholders and a new deal with Comvita that will allow it to meet immediate and medium-term cash flow requirements.
The fish oil manufacturer said that BioScience Managers, an Australian investment firm, and Pescado Holdings, which is associated with Christchurch's rich-lister Stewart family agreed to advance up to a NZD 3 million each via a new convertible loan note facility. An existing convertible loan note facility and existing option to purchase NZD 3 million of ordinary shares in SeaDragon with Comvita will be amended.
Earlier this month it forecast a net loss after tax of between NZD 3.6 million and NZD 4.55 million in the year ending March 31, 2019, and said its ability to deliver on its forecast depends on securing long-term funding for the company.
The meeting of European agriculture and fisheries ministers on Monday 18 May 2019 will address a number of important issues for the EU maritime and fisheries policy.
EU Commissioner Karmenu Vella, responsible for Maritime Affairs and Fisheries, will be at the Council in Luxembourg to present and discuss the Commission’s 'Policy Statement' setting the stage for the proposals that will come later for fishing opportunities for 2019 as well as the recent legislative proposals on a revision of the European fisheries control system and a Regulation for a new European Maritime and Fisheries Fund.
Ministers are expected to have an exchange of views on the Policy Statement. This annual Communication sets out the rational for the subsequent Commission proposals on the fishing opportunities for 2019. Progress made next year will be crucial for achieving the EU’s objective of securing sustainable fisheries in its waters. This will include the full phasing in of the landing obligation, requiring fishermen to land all catches to stop the wasteful practice of throwing unwanted fish back in the sea. Until end of August, a public consultation invites Member States, Advisory Councils, other stakeholders and citizens to comment on the Commission Communication. In the autumn, the Commission will table its proposals for fishing opportunities, based on independent scientific advice. The Council will then aim at a final agreement in its meeting of October (fishing opportunities for the Baltic), November (fishing opportunities for the deep-sea) and December (fishing opportunities for the Atlantic, the North Sea and the Black Sea).
Tensions are mounting in the aquaculture industry, with a major trade organization accusing the Sea Shepherd Conservation Society of harassing fish farm workers, and at least one First Nation telling the environmental group they’re unwelcome in their traditional territories.
But Paul Watson, the seafaring environmentalist who founded the group, has denied claims of harassment.
And the group has said it intends to continue research on the impacts of farmed salmon, saying the practice endangers wild stocks and that fish farms violate the rights of Indigenous people opposed to aquaculture operations taking place without their consent.
Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, says local fishermen should focus less on nearshore practices and instead take advantage of opportunities offered out in the deep ocean.
Addressing reporters at JAMPRO’s third staging of the Jamaica Investment Forum at the Montego Bay Convention Centre, St. James, on June 13, Mr. Shaw said it is an acknowledged fact that the deep sea is an untapped area with enormous resources that Jamaica should attempt to utilise.
“The whole area of fish and seafood is on the horizon for us. It’s an exciting area that can even be better. It needs to be expanded beyond aquaculture and fish farming, which is more in the inland area,” he added.
BETHEL, Alaska - Recent state data reveals that the number of king salmon returning to an Alaska river has been inflated for decades.
KYUK-AM reports the state now is recommending that the body governing the Bering Sea pollock fishery adopt this new information about the Kuskokwim River. If it does, restrictions on the fleet's bycatch of king salmon could tighten.
The North Pacific Fishery Management Council is scheduled to make a decision by Monday on how many king salmon can be caught incidentally by commercial fishing boats targeting pollock in the Bering Sea.
IFFO, The Marine Ingredients Organisation, today announced the appointment of Petter Martin Johannessen as the new Director General. Johannessen will take up the post from 3rd September in IFFO’s London Headquarters, following the departure of the outgoing Director General Andrew Mallison in July. IFFO’s President Eduardo Goycoolea welcomed the appointment saying “the IFFO Board is thrilled to welcome Petter to the IFFO family. With his extensive managerial experience in strategic and procurement roles, Petter’s work with multi stakeholders across our industry, and his already close relationship with IFFO, will make for a winning formula in this important role.”
Johannessen was previously Global Business Director for Risk and Management Sourcing at Cargill Aqua Nutrition and before that Supply Chain Director and Global Sourcing and Purchasing lead at EWOS Group.
Vegans like to imagine that a plant-based diet is the best choice for the environment – but maybe they should be chomping on mussels instead.
A new study suggests that eating some kinds of farmed shellfish is actually better for the environment than eating a pure vegan diet, Grist reports.
The study, published in Frontiers in Ecology and the Environment suggests that mollusc aquaculture (think mussels) has the lowest environmental impact. The researchers reviewed 148 assessments of animal food production in terms of energy use, greenhouse-gas emissions and release of nutrients.
Fishing deal with China would settle maritime dispute Philippines
A joint fishing agreement reportedly being discussed between China and the Philippines is deemed a significant step forward in the relations between the two countries after an old maritime sovereignty dispute.