IN BRIEF - Ships banned from throwing unwanted fish overboard
Friday, January 11, 2019
In a big change to fisheries, the wasteful practice of throwing fish overboard this month became illegal in waters of the European Union. Scientists believe the policy will incentivize vessels to adopt more selective fishing gear or strategies and eventually boost stocks. But in the short term, it could mean hardship for the industry and perhaps even compromise fisheries data, because almost all crews can discard fish without anyone knowing.
More quota trading could also help industry cope. Last month, EU fisheries ministers increased pressure on nations to start trading quotas. Few expect all fishing vessels to obey the discard ban.
Environmentalists want to toughen up enforcement by installing cameras on ships. Countries where discard bans have succeeded, including Norway and Iceland, have gradually introduced incentives, such as to develop the economic use of unwanted fish, and regulatory controls. Those steps lessen conflict, but can take decades to achieve.
AKVA group Denmark A/S, a wholly owned subsidiary of AKVA group ASA, has won a tender for delivery of a new smolt facility in Murmansk, Russia, to Russian Aquaculture Llc. The estimated value is EUR 11,9 million. The final contract is not yet concluded and are amongst others subject to financing and regulatory approvals in Russia.
Last week, this newspaper reported about two studies that have warned that fish populations along Maharashtra’s coast could collapse because of overfishing and killing of juvenile fish.
Research by the Mangrove and Marine Biodiversity Conservation Foundation of Maharashtra says that illegal fishing methods — such as using banned nets — are killing juveniles that have not had a chance to breed. Many of these species are listed as threatened in the International Union for Conservation of Nature’s list.
Farmers in Sam Son city, the north-central province of Thanh Hoa, have become rich by developing traditional fish sauce production and business.
The trade in Sam Son dates back over a century ago, first produced in coastal villages of Quang Cu, Quang Tien, Trun Son and Truong Son. However, it is now popular in the whole city, creating jobs and good income for hundreds of locals.
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The result of studies conducted last year by scientists on a Norwegian research vessel will be released within the next couple of months, the Department of Fisheries has announced.
The research vessel RV Dr Fridtjof Nansen was in Myanmar from August to September 2018. The ship – named after a famous Norwegian explorer, diplomat, humanitarian and Nobel Peace Prize laureate – conducted a month-long study of fish resources and the marine ecosystem off Rakhine, Tanintharyi and Ayeyarwady.
The Board of Directors of Mowi awarded 1.175 million options under its senior executive share option scheme with effect from 2015 to the current participants in the option scheme. The option scheme forms an important part of Mowi's long-term remuneration policy for such senior executives. The number of options shall be reduced if the profit through exercise of options in a year exceeds two times the fixed annual salary of the option holder. Accordingly, the number of options has been reduced to 485,743 options to comply with this provision.
On 17 June 2019, participants in Mowi's senior executive share option scheme exercised 485,743 options in Mowi, corresponding to 485,743 shares at a strike price of NOK 77.52 per share.
On the same date Mowi purchased 485,743 own shares at a price of NOK 203.81 per share to settle its obligation to deliver the shares. The shares were purchased in accordance with the authorisation granted at the annual general meeting on 29 May 2019. Following these transactions Mowi still holds zero treasury shares.
EU and Guinea Bissau renew fishing agreement Spain
The European Union (EU) and Guinea Bissau have signed a new fisheries protocol in Brussels. The Agreement was suspended from November 23, 2017.
Minister of Agriculture, Fisheries and Food Luis Planas...
The future of Whitefish Processing Denmark
When Marel hosts the Whitefish ShowHow in Copenhagen, 25 September, it will showcase the latest in hi-tech processing solutions. By bringing industry leaders together under the same roof with equipmen...
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