IN BRIEF - Krill oil Market Set to Massive Growth Revenues by 2026
Tuesday, August 06, 2019
Krill oil is oil from a tiny, shrimp-like animal. Baleen whales, mantas, and whale sharks eat primarily krill. In Norwegian, the word “krill” means “whale food.” People extract the oil from krill, place it in capsules, and use it for medicine. Some brand name krill oil products indicate that they use Antarctic krill. This usually refers to the species of krill called Euphausia superba.
The omega-3 fatty acids in fish oil have various potential health benefits, one of which is aiding weight loss. More importantly, fish oil omega-3s may help you lose inches and shed body fat. However, studies have found these effects appear to be modest, and they may not apply to everyone.
Beijing Shouhang Guoli Trading Co. has committed to sourcing seafood from Best Aquaculture Practices (BAP)-certified facilities for its Beijing-based supermarket chain, known as Sofly, as part of a memorandum of understanding (MOU) with the Global Aquaculture Alliance (GAA).
Sofly, which has about 50 stores, agreed to start sourcing BAP seafood and to gradually expand the percentage of BAP seafood that it sources to strengthen its commitment to sustainable seafood. Sofly is a regional supermarket chain that focuses on fresh foods.
International brands are pressing ahead with their expansion plans in Hong Kong even as consumer spending and tourists numbers have taken a hit from the social unrest in the city. And with the formal withdrawal of the extradition bill on Wednesday, there is a likelihood of the city returning to normality and boosting consumer confidence.
In November, American seafood chain Red Lobster will open its first restaurant in Hong Kong’s Causeway Bay, one of the city’s busiest shopping districts which has been hit by the months-long protests.
Cosmetic retailer Sephora opened a new store at the IFC Mall on Tuesday, after a nine-year absence in Hong Kong.
By the end of September 2019, the total export value of pangasius to Japan reached nearly US $ 25 million, up 2.6% compared to the same period in 2018. Particularly in September 2019, pangasius export to this market reached US $ 3 million, up 2%.
Vietnam Pangasius has begun to be noticed by Japanese customers so far. Consumers in this country also know more about pangasius products of Vietnam. In 2019, for the first time, Japan entered the top 10 largest pangasius importers of Vietnamese enterprises. In the first quarter of 2019, pangasius export value to this market grew very positively from 31.6 to 98.5% over the same period in 2018. However, in the second quarter, the export value decreased in several months, resulting in declining in the general growth. By the end of September 2019, export growth increased by only 2.6% and it was not as expected. But up to this point, it can be said that Japan is a new and potential market for Vietnamese pangasius.
More than 1,500 people represented by 20 small-scale fishing co-operatives were awarded subsistence and commercial fishing rights at a celebratory event in the Lilian Ngoyi Community Sports Centre in Kwazakhele, South Africa, at the weekend.
The 15-year rights, which give the holders access to a range of species from rock lobster and hake to squid and perlemoen, were issued by environment, forestry and fisheries minister Barbara Creecy on Saturday.
The ceremony was part of a series of events scheduled for rollout under the department’s new strategy that looks to allocate “a share of the economy” to SA coastal communities that have historically and traditionally relied on the sea.
Sweeping changes in West Coast groundfish fisheries adopted this week will reopen access for fishermen to productive fishing grounds where fish populations have rebounded. These changes will also protect sensitive deep-water habitat and deep-sea corals from bottom fishing.
The changes come in the form of an amendment to the Fishery Management Plan for groundfish off the West Coast. The Pacific Fishery Management Council (Council) recommended the amendment to NOAA Fisheries, which finalized it this week. The new provisions take effect January 1, 2020, and are widely supported by fishermen and other stakeholders.
The changes affect what is known as Essential Fish Habitat, or EFH, the habitat necessary to support sustainable fisheries. By law, the Council must minimize effects on EFH, and in 2005 did so for groundfish habitat. It established area closures that limited bottom trawling and other types of gear that contact the sea floor.
NOAA Fisheries today released preliminary findings from its 2019 surveys in the Arctic.
The surveys include:
Ice Seal and Polar Bear Aerial Survey Test
Groundfish, Crab, Bottom-Dwelling Species Survey in Southeastern Bering Sea
Arctic Larval Fish and Plankton Community Survey
Aerial Survey of Bowhead Abundance
Groundfish, Crab, Bottom-Dwelling Species Survey in Northern Bering Sea
Arctic Ecosystem Assessment
Aerial Survey of Arctic Marine Mammals
Surface/Mid-water Column Community Survey
Ecosystem Surveys in Bering Sea
Passive Acoustic Whale Monitoring
NOAA announces new strategies to dramatically expand the agency’s application of four emerging science and technology focus areas — NOAA Unmanned Systems, Artificial Intelligence, ‘Omics, and the Cloud — to guide transformative advancements in the quality and timeliness of NOAA science, products and services.
Mowi Scotland’s high profile farming operations director, Gideon Pringle, is to leave the company, it was confirmed tonight. The search is now on for his replacement at Scotland’s biggest salmon farming company.
Pringle, who returned to Mowi in 2016 after five years as farming director of trout farmer Dawnfresh, is credited with turning around the salmon producer’s sea lice challenges.
Earlier this year, he told a Fisheries Management Scotland conference in Edinburgh that Mowi had ‘full control’ of sea lice on its farms, and that a change of strategy, a new team and new methods had reduced parasite levels to record lows on Scotland’s west coast.
SINGAPORE — A sustainable fish farm floating off the shores of Singapore gives a glimpse of what it is like to produce seafood with less energy and cleaner water, as the Government aims to reach the goal of producing 30 per cent of the country’s nutritional needs by 2030.
Situated 5km away from Changi Point Ferry Terminal, the facility called Eco-Ark looks to be one of the first floating closed-containment fish farms in the world, its developer said.
The farm was named and commissioned on Tuesday (Nov 19 2019).
Built and run by Singapore food producer Aquaculture Centre of Excellence Group, it uses patented technology to rear three types of fishes for consumers here: Barramundi, red snapper and hybrid grouper.
A Dutch aquaculture company with plans to expand to the U.S. appears to have settled on Jonesport. Kingfish Zeeland will debut plans for a land-based fish farm to the town this week. The news was first reported by the Machias Valley News Observer.
Selectman Billy Milliken on November 15 told The Free Press that representatives of Kingfish Zeeland have been in Jonesport for “a few months” and have met with town officials during that time. Principals of the company are scheduled to unveil plans for the new facility Wednesday, November 20, at 6 p.m. at Peabody Memorial Library in Jonesport.
Kingfish Zeeland operates a land-based recirculating aquaculture system (RAS) facility in the Netherlands with an annual production of 600 metric tons of yellowtail, also known as kingfish.