IN BRIEF - Fishmeal Market to Reach a Valuation of USD 10 Billion by 2027
Thursday, May 23, 2019
Future Market Insights has analysed various facets of the global market for fishmeal in its new research publication titled “Fishmeal Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”.
The raw data obtained from secondary research has been filtered, well-furnished and arranged in a systematic format with the help of which key insights have been derived. The market is thoroughly analysed to gain intelligence on the various market trends changing the course of the market, the drivers that further the growth of the market, the opportunities that shape the future of the market and the restraints that hinder the growth process of the global fishmeal market.
These various facets have been analysed across key regions in the globe including North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA) to gauge the intensities of these facets and their impact on the overall market expansion. Based on historical data and current scenario, future insights on the market based on value and volume projections for a period of ten years have been included in this research report across each segment of the global fishmeal market.
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.
This is a complex document and we need time to consider its implications.
The industry is concerned about dolphin protection and has worked hard to minimise risk, with demonstrable success.
We are also concerned about the wellbeing of our members. Hundreds of families could be affected by these proposals. There are also implications for those who value continued supplies of fresh seafood.
We hope there is proper consultation and this is not just a whitewash.
There has been close engagement to date and the industry will continue to work constructively.
The Government also needs to be mindful of its obligations under the Deed of Settlement, which recognised the fishing rights embodied in the Treaty of Waitangi.
The Government is taking action to expand and strengthen the protection for Maui and Hector’s dolphins with an updated plan to deal with threats to these native marine mammals.
Minister of Conservation Eugenie Sage and Minister of Fisheries Stuart Nash released on 17th June proposals for consultation for a revised Threat Management Plan to protect the Hector’s and MÄui dolphins.
"These precious dolphins are New Zealand taonga. We need to act now to ensure their populations increase and both species thrive," says Eugenie Sage.
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The National Fisheries Institute (NFI), with financial support from the Seafood Industry Research Fund (SIRF), announced 11 June 2019 it is partnering with IBM’s Food Trust to create a blockchain-based seafood supply chain traceability program.
NFI is the largest U.S. seafood industry trade group. IBM’s Food Trust is a blockchain-based system that creates a shared record of food data, and that system will introduced to NFI members. Members – including harvesters, importers, processers, cold storage, foodservice restaurants, and retailers – are all involved with the program.
VERAVAL - A cyclone in the Arabian Sea battered an Indian fishing hub with heavy wind, wave and rain Thursday and was forecast to still bring dangerous weather even as it veered away from the western coast.
The India Meteorological Department says Cyclone Vayu, the season's second major storm and named after the Hindi word for wind, has jogged west, skirting the coast of the western state of Gujarat and unlikely to hit it head on as previously forecast. Pakistan warned of rough seas and dangerous heat, though the cyclone wasn't expected to directly hit the port city of Karachi.
In anticipation of the storm, rescue workers evacuated nearly 300,000 people, taking a cue from Cyclone Fani, which came ashore on India's eastern coast in May, killing 34 people in India and 15 in neighboring Bangladesh.