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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 - 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 - Aquaculture in Europe: an economic overview

Monday, October 07, 2019

Aquaculture in Europe has a huge potential for growth as a relatively young industry, say economists Jordi Guillen and Natacha Carvalho.

Global aquaculture production (including aquatic plants) reached 112 million tonnes in 2017, with a first-sale value estimated at EUR 221bn, according to the Food and Agriculture Organization of the United Nations (FAO). Globally, aquaculture has been the fastest growing animal food production sector in recent decades, a growth that is mainly attributed to a high degree of technological innovation. Aquaculture is still a relatively young economic sector in Europe and worldwide, especially when compared to agriculture; and has a large potential for further growth and development.

Source: Government Europe

IN BRIEF - Conservatives announce fisheries plan at events in Atlantic Canada

Monday, October 07, 2019

Conservative candidates at four separate events in Atlantic Canada on Sunday unveiled the party's plans to support the fisheries and to try to build consensus on how to restore fish stocks.

In Glace Bay, N.S., Alfie MacLeod and Eddie Orrell announced their party will consult with communities on Marine Protected Areas (MPAs), commit an additional $250 million to the Small Craft Harbours program and create a "modern aquaculture act."

"We've seen how over the last four years Justin Trudeau has taken this province for granted and how his 11 Liberal MPs have failed to stand up for Nova Scotians," said Orrell, who is running in Sydney-Victoria. "The result has been a top-down, heavy-handed, Ottawa-knows-best approach that has hurt the many Canadians who rely on our fisheries."

Source: CBC

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

IN BRIEF - Asia Pacific Aqua Feed and Aqua Feed Additives Market - Growth, Trends and Forecast (2019-2024)

Monday, October 07, 2019

NEW YORK - The Asia-Pacific aqua feed market was valued at USD 6,447 million in 2018, and is projected to reach USD 9,036.8 million by 2024, registering a CAGR of 5.5% during the forecast period. While, Asia-Pacific aqua feed additives market was valued at USD 428.2 million in 2018, and is projected to reach USD 547.2 million by 2024, growing at a CAGR of 5.0% during the forecast period. India accounted for the largest share in Asia-Pacific aquafeed market, accounted for more than 25% of the market in 2018 whereas, the Vietnamese aquafeed market is projected to grow at the highest CAGR, during the forecast period. By species, litopenaeus vannamei accounted for the largest share in the Indian aquafeed market, accounting for 54% of share in 2018. It is also expected to be the fastest growing, while registering a CAGR of 6.0% during the forecast period. On an average, India is equipped with 26 aquafeed mills with production capacities of around 43.4%, and the companies are producing 1.25 million metric ton of aquafeed per year.

Source: Yahoo! Finance

IN BRIEF - UAF study finds Kotzebue Sound fish mercury levels are safe for consumption

Friday, October 04, 2019

Several years ago, an interest in mercury levels in the Kotzebue Sound prompted the local village authority to commission a study from the University of Alaska Fairbanks. Last month, researchers came back with good news. Mercury levels in Kotzebue-area subsistence fish are safe.

When mercury gets into water, it changes chemically and is prone to affect local marine ecosystems.

“Under perfectly ideal conditions, you can get mercury that accumulates in fish,” said Andrew Cyr, one of the UAF researchers looking at Kotzebue-area fish.

While mercury occurs naturally, it is sometimes released in larger quantities by mining.

Source: Alaska Public

IN BRIEF - Evacuating Australia's drought-affected fish

Friday, October 04, 2019

In early 2019, up to a million fish died in Australia's Darling River after drought and extreme weather.

Authorities are now painstakingly trying to relocate as many fish as they can, as another summer approaches.

Source: BBC

IN BRIEF - Norway facing challenge from rival salmon countries

Friday, October 04, 2019

Rising volume growth from rival salmon producing nations, including Scotland, is beginning to seriously challenge Norwegian fish farmers, the latest export figures show today.

It is the main reason why salmon prices in Norway dipped below the 2018 level last month, although Norwegian output is also on the rise, says Paul T. Aandahl, analyst at the Norwegian Seafood Council.

The average price for whole fresh salmon in November was NOK 50.08 per kilo compared with NOK 60.96 12 months ago.

However, the Seafood Council confidently expects seafood exports of all types to pass the 100 billion kroner barrier this year.

Source: Fish Farmer Magazine

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