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IN BRIEF - Latest Report on Aquaculture Market in Asia Pacific predicted to grow at USD 209.42 Billion by 2021

Monday, September 09, 2019

The “Global Aquaculture Market Set For Rapid Growth, To Reach USD 209.42 Billion by 2021” report has been added to Zion Market Research advertising. (Sample Copy Here) The worldwide Aquaculture Market report offers the significant information identified with the worldwide Aquaculture Market alongside prevailing players in the market.

It features the data about the ventures and market, advances, and capacities over the patterns and the improvements of the enterprises. After profound research and investigation by the specialists, they additionally unveiled the information about the solid contenders contributing in the market development and extension and testing each other as far as interest, supply, generation, esteem estimation, income, and deals. The latest report offers wide-ranging coverage of several important industry verticals along with key market players. It as well offers consistency on the part of analysis or estimation across a range of coverage areas and geographies.

Source: Market Global News

IN BRIEF - New General Manager of AKVA group Scotland

Thursday, October 10, 2019

David Peach is appointed as new General Manager of AKVA group Scotland. Peach joined AKVA group Scotland in February 2019 in the position of Commercial Director and has made a quick and positive transition into the Aquaculture industry.

Peach brings over 30 years of management experience in the wider marine industry, having held senior board level positions in several established operations, developing profitable growth in multiple sectors covering a wide array of geographical markets - building and maintaining strong teams to support this.

IN BRIEF - Kloosterboer Bayside acquires Fundy Stevedoring

Thursday, October 10, 2019

On October 1st 2019, Kloosterboer Bayside has acquired Fundy Stevedoring Inc. in the port of Bayside. The acquisition includes the stevedoring activities as well as the warehouse (ambient storage) with a capacity of 34,000 sq.ft. The total plot, which is situated next to the premises of Kloosterboer is 40 acres large and offers possibilities for expansion in the near future.

Bayside is an important growing hub for the US east coast distribution with regard to shipments out of Alaska and to Europe (IJmuiden-The Netherlands). The acquisition enables Kloosterboer Bayside to offer their customers a full logistics service.

Source: Fresh Plaza

IN BRIEF - Good Herring Fishing in Icelandic Waters | Commercial

Thursday, October 10, 2019

Good Herring Fishing in Icelandic Waters – A pelagic trawler belonging to Icelandic seafood and fishing company, Brim, has reported good herring fishing in IIcelandic waters.

“There has been good fishing, but the herring have started heading eastwards now so we have to go further to find them,’ said Theodór Thórðarsson, skipper of Brim’s pelagic vessel Venus, which recently docked in Vopnafjörður with 1600 tonnes on board.

They steamed 15-16 hours from fishing grounds.

‘This was different to the previous trip when we had 1300 tonnes of herring deep in the Héráðsflói Deep. We noticed then that the herring were on the move eastwards, and this time we finished up on the line between the Icelandic and Faroese EEZs – and who knows where they will be when we get out there next?’

Source: Fish Focus

IN BRIEF - REA projects sharing results in the most important aquaculture event in Europe

Thursday, October 10, 2019

The EU imports approx. 65% of all the seafood and only produces 1.2% of the world aquaculture products. There is definitely a lot to do to improve these figures and that is why under Horizon 2020 several projects are funded in this field.

The Research Executive Agency (REA) manages a significant share of these projects. So far, around 20 projects with an aquaculture component have been funded under Horizon 2020 with a total EU contribution of approx. EUR 120 million.

Some of these projects are participating in this big event to share achievements and results. For instance, PerformFISH and MedAID are organising an open forum with the industry on Sustainable Solutions to Address Sea Bass and Sea Bream Farming Challenges in the Mediterranean. AquaIMPACT, FutureEUAqua and iFishIENCi are leading a joint session to present their approaches and commonalities on Sustainable European aquaculture 4.0: nutrition and breeding innovations. TAPAS is presenting their key outcome, a toolbox for assessment and planning of sustainable aquaculture.

Source: European Union

IN BRIEF - Spain's frozen squid imports rose

Thursday, October 10, 2019

Spain ranked 11th in the world of squid and octopus imports, accounting for 2.2% of the total import value of cephalopod all around the globe. Cephalopod imports into Spain is decreasing due to low supply and high price of this item.

According to ITC statistics, in the first 5 months of 2019, Spain's cephalopod imports reached 3,141 tons, worth of USD 17 million, decreased by 2% in volume and 6.9% in value over the same period in 2018. In the first quarter of 2019, Spain increased imports of frozen squid and smoked/frozen/dried/salted octupus while reducing imports of live/fresh/chilled octopus and processed cuttlefish and squid.  

Source: Seafood Vasep

IN BRIEF - Tuna over-fished across the globe at unprecedented rates - scientists say it’s unsustainable

Thursday, October 10, 2019

VANCOUVER, B.C. - Humans are fishing more tuna from the ocean than ever before, and we’re venturing further than ever into open ocean to do so, but the rate at which industrial tuna fishing is increasing is unsustainable, according to a recent study published in the journal Fisheries Research.

Demand for tuna and similar species is at an all-time high. 2014 was a year of record reported landings of 7.7 million tonnes, which has since leveled off to around 7.5 million per year since.

These catch numbers reflect a 1,000 percent increase in the amount of tuna being caught today as compared to 60 years ago, and many scientists believe that these fishing practices are unsustainable.

Source: Fox 10

IN BRIEF- China pledges to cut size of its massive fishing fleet due to serious threat to nation’s fish stocks

Thursday, October 10, 2019

Overfishing in Chinese rivers and seas has seriously depleted stocks and the government is to cut the size of the nation’s fishing fleet, the agricultural ministry said.

A well-known fishermen in Tanmen, Hainan province, said local fishermen have been told not to increase their fleet while counterparts in other provinces have been told to cut the number of ships by 3 per cent.

The ministry said there were practically “no fish” in the coastal East China Sea and fishermen also had a hard time finding a catch in many other coastal waters, according to a state radio report on Sunday.

Source: South China Morning Post

IN BRIEF - Valente Paz-Andrade, new Vice President of Ibercisa Deck Machinery

Wednesday, October 09, 2019

At a meeting of the Board of Directors of Ibercisa Deck Machinery held on the 27th September 2019, Valente Paz-Andrade was appointed as the new Vice President of the Company, a position which had remained vacant since the naming of Vicente Casal as President of the Board of Directors in 2018.

Valente Paz-Andrade, Law (University Santiago de Compostela 1991) and MBA (London Metropolitan University) has held a variety of international posts. Amongst them, Managing Director of AET Brazil Maritime Services (Rio de Janeiro), Head of Market Development at AET Inc (Houston) and analyst at LNG Shipping Solutions (London). His present employment is as AVP Business Development and Joint Venture Management at AET Inc.(Houston).

The incorporation of Valente Paz-Andrade as Vice President of Ibercisa Deck Machinery has come about at a moment of expansion and diversification within the Company which has already begun  to increase its factory capacity, incorporating  new welding and mechanizing installations. Ibercisa operates its own commercial representation on five continents through its recently restructured Sales Department.

IN BRIEF - Bakkafrost - Closing of the acquisition of a majority of the shares in the Scotish Salmon Company

Tuesday, October 08, 2019

P/F Bakkafrost (the "Company") has, today, completed the acquisition of 133,125,109 shares in The Scottish Salmon Company ("SSC") from Northern Link Limited ("Northern Link"). As a consequence of this, the Company now owns 150,974,735 of the shares in SSC representing approx. 77,8% of all of the shares in issue in SSC.

The purchase price paid to Northern Link was NOK 3,760,784,329.25. This represents a purchase price of NOK 28.25 per share in SSC. The additional shares in SSC acquired by the Company in the market during the last week have also been acquired at a price of NOK 28.25 per share.

70% of the purchase price due to Northern Link was settled in cash today. The remaining 30% (being NOK 1,128,235,298.75) has been financed by a seller's credit.

Subject to the Company's extraordinary general meeting called for on 18 October 2019 resolving to grant the Company's board authority to issue further shares in the Company, the seller's credit will be settled through the issue of 2,256,470 new shares in the Company (based on a subscription price of NOK 500 per share).

IN BRIEF - Extension for aquaculture leases to benefit seafood sector

Monday, October 07, 2019

The founder of Angel Seafood has applauded the state government's changes to the Aquaculture Act that include extending the maximum term for production leases to 30 years.

The changes, passed by the state government on September 25, include increasing the maximum term for a production lease from 20 years to 30 in an effort to strengthen the aquaculture sector.

Once the changes come into effect, leaseholders will have the chance to apply for an extension of the terms of their leases to 30 years from the day their lease was granted or renewed.

Source: Port Lincoln Times

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Alaska fishermen sue EPA over pebble mine decision
United States Five Alaska groups filed suit in federal court against the EPA on Oct. 8, challenging the agency’s July decision to undo proposed restrictions on mining operations in Alaska’s Bristol Bay ...
IFFO’s Annual Conference to communicate the marine ingredients industry’s position
China This year’s IFFO Annual Conference will be held in Shanghai from 4 to 6 November and will be an opportunity to celebrate IFFO’s 60th anniversary. The packed agenda will communicate the mar...
Widespread engine power fraud calls for stronger cuts in fishing effort
European Union The conservation organization argues that EU ministers must reduce the fishing effort more than proposed by the European Commission to stop the overfishing crisis of hake, mullet, Norway lobster and p...
Thai Union will issue subordinated perpetual debentures to strengthen financial structure
Thailand Thai Union Group PCL., one of the world’s largest seafood companies, is preparing to issue up to THB 4 billion (USD 131.7 million) debentures with an additional greenshoe of THB 2 billion, total...
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