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Other Media | Industrias Pesqueras: The European fund PAI Partners becomes the majority partner of Angulas Aguinaga

Tuesday, November 10, 2020

The founding family and Portobello keep 49.9% of the Basque company

Angulas Aguinaga has become the last national seafood company to attract the interest of international funds. In this case, PAI Partners, one of the main European private equity firms, which has acquired a “majority stake” in the Basque company that owns brands such as Gula del Norte, Krissia and Aguinamar. The company was owned to date by another fund, Portobello Capital, as well as its founding family.

After signing this agreement, the current shareholders will continue to have a 49.9% stake. Completion of this transaction is subject to customary regulatory approvals.

Source: Industrias Pesqueras | Read the full article here

IN BRIEF - Court orders seized Indian fishing boats to be destroyed

Monday, November 09, 2020

A court in Sri Lanka has reportedly permitted officials to destroy several Indian mechanised fishing boats seized in the last 3-4 years for crossing into Sri Lankan territorial waters, PTI reports. 

The court in Jaffna gave the orders for destroying 27 out of the 94 boats of Indian fishermen in Sri Lankan custody, officials said, quoting information received by them.

The development triggered tension in the island town of Rameswaram, Tamil Nadu and fishermen association leader P Sesuraja appealed against destruction of the seized boats and said steps should be taken to return to their owners. 

Sri Lankan Navy had seized several boats of Tamil Nadu fishermen for fishing in their territorial waters in recent years. Some of the seized boats had been released in batches in the past and brought back by the fishermen, PTI reported.

Other Media | FiskerForum: Scotland Supports Prawn Sector

Monday, November 09, 2020

A new resilience group has been granted £1 million funding to support Scotland’s langoustine (nephrops) sector through the coronavirus (COVID-19) pandemic.

The Scottish Nephrops Working Group will investigate the scale of the challenges facing the sector and develop a long-term strategic vision to cement Scotland’s position as the global leader of high quality langoustine.

The langoustine (nephrops) sector in Scotland has been particularly badly affected by COVID-19, with the loss of important domestic and export markets.

Author: Quentin Bates / FiskerForum | Read the full article here

Other Media | SeafoodSource: As Biden emerges as likely election winner, seafood industry prepares for potential changes

Monday, November 09, 2020

Former U.S. Vice President Joe Biden is increasingly poised to win the presidency with several key battleground states tilting his way in the Electoral College on Friday, 6 November. In response to Biden taking the lead in the presidential contest, and a high likelihood that Republicans have retained the majority in the U.S. Senate while Democrats retained control of the U.S. House,  the seafood industry – and its advocates – are preparing to work with new leadership in Washington D.C.

A key issue for the seafood industry has been the country’s trade relationships with foreign countries, particularly China. 

Author: Chris Chase / SeafoodSource | Read the full article here

Other Media | SalmonBusiness: Desperation in Chile as frozen salmon is being sold for $3/kilo

Monday, November 09, 2020

Pre-Christmas trading at prices far below break-even costs.

Last week Mowi presented its third-quarter results. In its presentation material, it was stated that the company is operating at a price of fresh fillets at USD 3.4 dollars per pound delivered Miami. Taking into account a fillet yield (for D-trim) of 60 per-cent, converted into kilograms, a dollar in air freight, this means a USD 4.3 salmon price delivered from Santiago.

This is in line with the price level European salmon farmers were trading at the current week, as SalmonBusiness reported on Friday.

Author: Aslak Berge / SalmonBusiness | Read the full article here

Other Media | The Fish Site: The oyster farmer who created a game-changing digital solution

Monday, November 09, 2020

Ewan McAsh designed SmartOysters to solve his farming pain points and now both he and other oyster farmers are reaping the benefits – leading to improvements in everything from financial performance to mental health.

Oyster farmer Ewan McAsh was looking for a better way to farm. One that wouldn’t leave him tied to the river all week or tired from having to think about it all the time.

The 40-year-old Australian farmer with leases in the Clyde River, about three hours south of Sydney, was frustrated that farm operations left little time to attend to the business side of things. 

Author: Renata Gortan / The Fish Site | Read the full article here

Other Media | Fish Farmer: Mowi orders two new well boats

Monday, November 09, 2020

Two new “super green” well boats have been ordered for Mowi’s fish farming operations in Norway.

The order has been placed by DESS Aquaculture Shipping based in Grimstad and the vessels will be on long term lease to Mowi.
Each has a very large capacity and will also be equipped with four dual-fuel generator sets which will be able to operate on liquefied natural gas (LNG), biogas or new types of ammonia fuel currently under development.

These large vessels are currently being built at Sefine Shipyard in Turkey, southeast of Istanbul.

Author: Vince McDonagh / Fish Farmer | Read the full article

Other Media | fishfarmingexpert: ‘Listening sessions’ held about US Aquaculture Opportunity Areas

Monday, November 09, 2020

United States authorities have begun holding public listening sessions about two planned Aquaculture Opportunity Areas (AOA) in the Gulf of Mexico and waters off southern California.

The sessions are being run by the aquaculture agency of the National Oceanic and Atmospheric Administration (NOAA) Fisheries division and are part of a 60-day comment period on the AOAs which ends on December 22.

Author: Gareth Moore / fishfarmingexpert | Read the full article here

Other Media | FiskerForum: King Crab Quota Increase Recommended

Monday, November 09, 2020

Scientists at Norway’s Institute of Marine Research have recommended an increase in the 2021 king crab quota to 1780 tonnes from this year’s 1530 tonne quota. Outside the quota-regulated area, the recommendation is for free fishing.

Management objectives for king crab are to maintain a long-term fishery in a limited area in Aust-Finnmark, and at the same time to limit the spread of the species as much as possible outside this area. A relatively high level of fishing effort is expected, but not so much as to endanger the stock’s stability.

Author: Quentn Bates / FiskerForum | Read the full article here

IN BRIEF - Sernapesca delivered its fifth report on the situation of the Chinese squid fishing fleet

Sunday, November 08, 2020

Valparaíso - Last Friday, from the Service's Satellite Monitoring Center, the National Director of Sernapesca, Alicia Gallardo Lagno, delivered her fifth report on the situation of the Chinese fishing fleet that has moved through the Pacific Ocean, approaching the coasts from various South American countries.

Recounting the situation, the Deputy Director of Fisheries, Fernando Naranjo, pointed out that four weeks ago there were 340 Chinese vessels in fishing operation north of our maritime territory, off Peru, which caused concern among national fishermen. Fifteen days later, the closest vessel to our shores was 260 miles from our exclusive economic zone. And on October 30, it was observed that part of the vessels began to move northwest, probably back to their home port in China.

The rest of the fleet remains off the Peruvian coast, and the closest ship to Chile was today 433 miles away. For all this, the low risk condition is maintained, regarding a possible illegal incursion into our waters.

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