Musandam Global Investment Company (MGIC) has launched its newest branch, MP World, marking a strategic push to position the Musandam Governorate as a leading maritime gateway. The initiative was immediately cemented by the signing of a pivotal 10-year agreement to develop and operate the Khasab Fishery Port.
The deal, which signals a new era for sustainable development in the region, was signed by Dr. Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources, and Raed al Shehhi, Chairman of MGIC. The Khasab Fishery Port will be exclusively dedicated to advancing Oman's fisheries infrastructure and supporting the nation's growing blue economy.
MGIC, a publicly listed company with deep local roots—boasting 1,885 shareholders from Musandam—is already a key driver of regional prosperity. Its portfolio includes major projects like the Tilal Al Nakheel residential development and the pioneering Musandam Drydock and Marine Industries. MGIC is also innovating in sustainable energy with a pilot project for Airborne Wind Energy (AWE).
While the Khasab facility will focus solely on fisheries, the creation of MP World provides a broader mandate to manage and operate various commercial, industrial, and logistics ports. This expansion aims to blend local insight with international expertise to achieve world-class standards in operational excellence, reinforcing Musandam’s strategic role in global trade and logistics.
The European consortium—with the University of Vigo and Zabala Innovation among its 11 partners—is completing key designs for turbomachinery, heat recovery systems, and digital twins, and making progress in safety and sustainability for operating with green H2, ammonia, methanol, or methane. MARPOWER
The European project MARPOWER (Efficient zero-emissions gas turbine POWER system for MARitime transport) concluded its first year with tangible results that bring it closer to its goal: a new generation energy conversion system for ships, based on a zero-emission gas turbine and ready for sustainable fuels. The initiative, funded by the European Union aims to substantially reduce the climate footprint of maritime transport
The Ministry of Agriculture and Rural Development (AGRICULTURA), through the National Commission of Aquaculture and Fisheries (Conapesca), has announced the extension of the fishing ban for all species of shrimp in marine waters spanning from Tamaulipas to Veracruz. The measure is now extended until November 10, 2025.
The provision, published in the Official Gazette of the Federation (DOF), aims to promote the sustainable use of aquatic resources. This regulation is essential for ordering fishing activities and ensuring the protection of marine flora and fauna.
The decision to extend the ban is based on the technical opinion issued by the Mexican Institute for Research in Sustainable Fisheries and Aquaculture (IMIPAS), ensuring the management scheme is grounded in scientific criteria for conservation of the species.
The Galician Government (Xunta) is advancing in the implementation of the voluntary carbon market in Galicia to offset emissions with projects that reduce or absorb CO2.
The Official Gazette of Galicia (DOG) published this Wednesday the Decree regulating the first voluntary carbon credit system in Galicia, an initiative that will be available to companies, entities, organizations, and citizens so they can offset their greenhouse gas (GHG) emissions by purchasing credits generated by projects capable of avoiding or capturing CO2.
This initiative, which will operate similarly to a virtual marketplace, seeks to connect promoters of carbon credit-generating activities with potential buyers interested in acquiring them voluntarily, regardless of whether or not they have a legal obligation to offset emissions.
Source: iPac.aquaculture | Read the full article here
Europêche welcomes the political agreement by EU fisheries ministers on the 2026 catch limits for key Baltic Sea fish stocks. The sector particularly recognises that the final Council agreement represents a major improvement compared to the initial European Commission proposal, which would have resulted in the closure of many fishing companies across the Baltic region. The decision more effectively balances environmental sustainability with socioeconomic realities in setting Total Allowable Catches (TACs).
During the Agriculture and Fisheries Council held in Luxembourg on October 27-28, 2025, Cyprus's Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, voiced strong support for the EU's position ahead of the upcoming International Commission for the Conservation of Atlantic Tunas (ICCAT) session.
The focus of her intervention regarding fisheries was on the possible increase in Total Allowable Catches (TAC) for bluefin tuna. Minister Panayiotou fully supported the European Commission's commitment to safeguarding the EU's interests, emphasizing that the stock's recovery is a success and the priority is to avoid any reduction in the existing EU quota distribution.
Fishing Fleet Safety
The Minister stressed the need to ensure fair treatment and predictability regarding the fishing opportunities of member states. Furthermore, she raised the issue of the illegal actions and harassment directed at the Cypriot fishing fleet by Turkey.
Norway’s largest salmon farmers have again denied claims by the big UK retailer Tesco that they colluded to rig prices.
The legal news service Law 360 is reporting that the companies being sued by Tesco over alleged cartel arrangements have repeated their denials that any wrongdoing took place.
The salmon farmers’ statement, according to reports, is contained in “defense” (sic) filings placed before the UK High Court earlier this month.
Leading UK retailers such as Asda, Iceland, Marks and Spencer, Morrisons, Aldi, the Co-op, Ocado, and Tesco have brought lawsuits alleging that leading salmon producers, in the late 2010s, shared confidential market information in order to manipulate the price.
Author: Vince McDonagh / Fish Farmer | Read the full article here
Revista Puerto has confirmed today that the Argentine Agency for Investment and International Trade reported that the "Wild and Natural Argentine Sea" stand will be present at China Fisheries & Food 2025, accompanying twelve companies from the sector. However, López Cazorla's presence was not authorized, and scheduled meetings were suspended.
From tomorrow until next Friday, at the Hongdao International Exhibition & Convention Center, located in the Chinese city of Qingdao, Argentine companies will have a space to receive interested parties but will not have the official company of the Undersecretary of Fisheries of the Nation, who had not only confirmed his presence but had also scheduled meetings for the signing of commercial agreements together with the president of CAPIP, Agustín de la Fuente.
It was planned that the chamber, within the framework of a trade mission, would sign a shrimp commercialization agreement with Bright Food, a Chinese multinational food and beverage manufacturing company based in Shanghai. It is the second-largest Chinese food manufacturing company by revenue, being wholly owned by the Shanghai Municipal People's Government.
SEOUL – South Korea's seafood imports from the United States saw a notable 8% increase in September 2025, reaching 2,438 tons compared to 2,250 tons in the same month last year. This surge, valued at $9.45 million (up 9%), signals strong monthly demand.
However, the year-to-date figures paint a different picture, with cumulative imports from January to September totaling 25,066 tons, a 12% decrease from 28,561 tons in the prior year. The cumulative import value for this period also declined slightly by 2% to $85.21 million. U.S. seafood currently accounts for approximately 4% of South Korea's total seafood imports.
Key species driving the September growth include frozen yellowfin sole, which soared by 39% to 3,526 tons, and frozen pollock, experiencing an impressive 84% increase to 2,377 tons. Conversely, frozen ray (skate) and frozen Atka mackerel saw declines of 7% and 23%, respectively. The average import unit price remained stable at $3.40 per kilogram.
Building on the successful IceFish 2024, the next edition will offer national and international business opportunities; new, co-located topical conferences; innovation features; new product presentations; business matchmaking and the IceFish Awards, which recognise excellence across the sector.
Russian Total Catch of Aquatic Resources Exceeds 4.1 Million Tons Russia Fed.
Russia is approaching the 4.2 million tons mark in its total catch of aquatic bioresources, according to the industry monitoring system of the Federal Agency for Fisheries (Rosrybolovstvo).
The catch...
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The European consortium—with the University of Vigo and Zabala Innovation among its 11 partners—is completing key designs for turbomachinery, heat recovery systems, and digital twins, and making progress in safety and sustainability for operating with green H2, ammonia, methanol, or methane. MARPOWER
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The Official Gazette of Galicia (DOG) published this Wednesday the Decree regulating the first voluntary carbon credit system in Galicia, an initiative that will be available to companies, entities, organizations, and citizens so they can offset their greenhouse gas (GHG) emissions by purchasing credits generated by projects capable of avoiding or capturing CO2.
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The legal news service Law 360 is reporting that the companies being sued by 
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Leading maritime events and media company Mercator has announced that the
