Iceland Seafood International (ISI) last night completed the acquisition of the specialist Irish smoked salmon products company Carr & Sons in a deal worth almost £6 million. The official purchase price is €6.5 million or 1 billion Icelandic kroner (ISK).
In parallel with the acquisition of Carr & Sons, Iceland Seafood has also acquired a 33 per cent share in the fish processing plant Oceanpath in Ireland for 9 million euros, (equivalent to ISK 1.5 billion). Sixty percent of the purchase price will be paid in cash and 40 per cent in new shares in Iceland Seafood.
Oceanpath, which acquired a 67 per cent share in the business in March 2018, will now be wholly owned by ISI. The move will make Oceanpath the largest producer of fresh seafood in Ireland.
Author: Vince McDonagh / Fish Farmer | Read the full articlehere
Inshore fishermen will close the website through which they sell on the 27th
Halloween, Black Friday, Cyber Monday ... Except Thanksgiving (Thanksgiving), globalization has filled a commercial calendar like the Galician calendar with North American appointments, which previously hardly knew more than Rebaixas, Offer or Liquidation. Castilianized as Black Friday, the day that was previously held on the last Friday in November has expanded to occupy a fortnight of the month and has been adding more and more commercial sectors. The fishing boat was not going to be less.
Source: The Voice of Galicia | Read the full article here
The last hope for a UK-EU trade and fisheries deal before the New Year is fading, jeopardizing food exports to the UK and leading to billions of dollars in losses. Thus. Danish fishermen and food companies are preparing for a hard 'Brexit that can mark a before and after and subject to tight tariffs and overwhelming bureaucracy.
Negotiations have stalled and the prospect of light winds over the Brexit negotiations now appeared to be replaced by gusts of hurricane force and even darkening storm clouds.
Global food trade in general has been particularly resilient during the pandemic. Developing countries have even managed to increase export earnings. This is stated in the new report published this Thursday, November 12, by the Food and Agriculture Organization of the United Nations (FAO), Food Outlook Biannual Report on Global Food Market, prepared with data available until June. A document that evaluates the production and market trends of the main basic products during the COVID-19 pandemic and in which difficult times are predicted for the value chains of fish and fruit.
Source: iPac.acuicultura | Read the full articlehere
With European Union fisheries ministers getting ready for their annual quota-setting negotiations next month, an Irish environmentalist group has been given leave by the High Court for a judicial review aimed at challenging the E.U. regulations setting 2020 fishing quotas under the bloc's Common Fisheries Policy (CFP).
The Friends of the Irish Environment (FIE) said it’s taking the action (a judicial review is a High Court review or examination of legislation or the decisions of lower courts) because of the E.U.’s failure to meet its own legally defined deadline of ending overfishing in all stocks by 2020.
Author: Mark Godfrey / SeafoodSource | Read the full article here
Icelandic processor Síldarvinnslan received landings of 25,357 tonnes of Atlanto-Scandian herring during this year’s season, with the first landing on the 11th of September and the last on 29th October.
The company had a highly successful season, not least as the herring were on fishing grounds within easy reach of Neskaupstaður throughout the season. Börkur landed 9713 tonnes in eleven landings, while Beitir also made eleven landings for a total of 10,477 tonnes. Margrét made five landings totalling 5167 tonnes.
Author: Quentin Bates / FiskerForum | Read the full articlehere
To achieve the certification, farms must operate at the highest industry standards to ensure the preservation of the natural environment, biodiversity and water resources and provide good working conditions for employees.
Bakkafrost chief executive, Regin Jacobsen, said that the company was delighted to receive the certification.
A Chinese fishing company has signed an agreement to invest in a new fisheries-focused industrial park in Papua New Guinea.
Fujian Zhong Hong Yu Ye Co. signed the agreement with Papua New Guinea Fisheries Minister Lino Tom, and Taboi Yoto, governor of PNG’s western province, to invest in the construction of the Comprehensive Multifunctional Fishery Industrial Park. Details of the new fisheries industrial park remain scant but may sync with a local government quest for increased value add activity in tuna.
Headquartered in the capital Port Moresby, the National Fisheries Authority has sought investors to build out its tuna processing industry, with much of the catch traditionally shipped to Japan and South Korea, as well as to processing plants in the Philippines.
Author: Mark Godfrey / SEafoodSource | Read the full articlehere
Major sushi chain blighted by COVID-19 but CEO optimistic about outlook.
The American subsidiary of Japanese chain Kura Sushi, Kura Sushi USA, which was listed on the Nasdaq last August, posted its Q4 financial results for the period ended August 31st.
Total sales were USD 5.5 million, down from 2019’s USD 18.8 million. Operating loss was USD 6.8 million, compared to operating income of USD 1 million the year before.
Due to changes in local guidelines for public activities, Kura Sushi USA began to re-open certain restaurants in late May, and by the end of Q4, the company was able to open 23 out of 25 of its restaurants. Out of the 23 restaurants, 11 were largely operating on a takeout only basis due to an indoor dining restriction that the state of California enacted at the beginning of July.
Source: SalmonBusiness | Read the full articlehere
The 'Mar Argentino' reached Mar del Plata port. Argentina
The new INIDEP scientific ship that was built in Vigo, Spain, was received by national authorities who escorted it. It cost almost 8 million dollars and will aim to work in coastal waters.