PORTLAND, Oregon - Allied Market Research recently published a report, titled, "5 Major Aquaculture Market by Fish Type (Pompano, Snappers, Salmon, Milkfish, Tuna, Tilapia, Catfish, Seabass, and Others): Opportunity Analysis and Industry Forecast, 2018–2025". According to the report, the global 5 major aquaculture market accounted for USD 62.5 billion in 2018 and is projected to reach USD 87.6 billion by 2025, registering a CAGR of 4.9% during the forecast period.
Increase in fish production to meet food supply, technological advancements in the field of aquaculture, and rise in demand from livestock and fisheries have boosted the growth of the global 5 major aquaculture market. However, surge in temperature and water pollution hampers the market growth. On the contrary, evolution in inland fishing and use of more sustainable technology in aquaculture is expected to create lucrative opportunities in the near future.
There are far more dead fish than initially reported in the salmon die-off on Newfoundland's south coast, and the licences of Northern Harvest Sea Farms have been suspended, Fisheries and Land Resources Minister Gerry Byrne said Friday afternoon.
In late August salmon being raised in open net pens in the Fortune Bay area began dying due to high water temperatures, according to Northern Harvest Sea Farms.
"I am suspending all affected Northern Harvest Seafood Farms licences and issuing a directive that requires the company to continue the cleanup of the sites," Byrne said in an emailed statement.
The money, along with other measures to boost the country’s fishing and aquaculture industry, was announced this week in the national budget for 2020.
The spring algae attack was one of the worst for almost 30 years, killing at least eight million salmon in the Nordland and Troms regions, leading to job losses, hitting communities hard and costing the industry hundreds of millions of kroner.
Some of the government money will be used to set up surveillance systems along the coast so fish can be moved quickly if another attack looks imminent.
Cardiomyopathy syndrome (CMS), a fatal viral disease which causes inflammation of the heart, is known to be caused by piscine myocarditis virus (PMCV), although the triggers for the disease are not fully understood.
It can lead to heart failure in apparently healthy fish, resulting in significant stock losses, and is an increasing issue for the Scottish salmon industry.
In Norway, CMS is considered to be the biggest cause of economic losses to salmon farmers, after sea lice and handling, and cost the industry an estimated EUR 145 million in 2018.
African Development Bank (AfDB) has approved a USD 13.2mn finance package for sustainable fisheries, aquaculture development and watershed management projects.
The aim of the investment is to provide an infrastructure to increase productivity and market access for fisheries in Malawi as well as providing nutritious diets, boost employment and build climate resilience.
The project is expected to directly benefit 20,000 residents surrounding lakeshores and inland areas. As well as 250,000 fish processors, vendors, retailers and interns along the value chain.
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.
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.
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.
Brexit agreement is gateway to UK’s exit from CFP United Kingdom
The SFF today welcomed the agreement reached between the UK and European Union to secure the UK’s exit from the EU.
Three years since the referendum, this agreement provides the gateway to the ...