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.

Source: PR Newswire

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.

Source: CBC

 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.

Source: Fish Farmer Magazine

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.

Source: Fish Farmer Magazine

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.

Source: Business Pack

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.

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

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

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

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