IN BRIEF - South Korea is the growth driver of Vietnam's squid and octopus exports in the second half of this year.
SOUTH KOREA
Friday, August 09, 2024
South Korea is still Vietnam's largest market for squid and octopus, accounting for more than 40% of total export value. In the first 6 months of this year, squid and octopus exports to this market reached 114 million USD, up 13% over the same period. In the second quarter of 2024, squid and octopus exports to South Korea reached 58 million USD, up 13% over the same period in 2023.
Continuing the upward trend from 2023, in the first half of this year, squid and octopus exports to Korea still maintained positive growth. In the 3 months of the second quarter of 2024, squid and octopus exports to this market grew positively in all 3 months of the second quarter, especially exports in May and June grew by double digits.
Demand for squid and octopus in Korea remained stable in the first half of this year. In addition, Korea reduced imports from other sources such as Japan, China, and Peru, so it increased imports from Vietnam.
Japan's nuclear waste discharge has had an impact, reducing South Korea's demand for seafood imports from Japan. China's ban on seafood imports from Japan has also caused a decrease in the supply of squid and octopus from China to markets such as South Korea due to a shortage of raw materials for processing.
At the 33rd annual meeting in Vancouver, Canada, Vladimir Belyaev, Advisor to the Director of the Russian Research Institute of Fisheries and Oceanography (VNIRO), was elected President of the North Pacific Anadromous Fish Commission (NPAFC). This appointment underscores the authority of Russian fisheries science and strengthens the country's role in managing transboundary marine resources.
The NPAFC, comprising five member countries, has established critical objectives for the upcoming term. Key priorities include tracking the migration, abundance, and survival of Pacific salmon. Following below-average catch volumes in 2025, the commission will focus on developing data-driven recommendations to protect vulnerable populations. Additionally, member states will coordinate strict measures to combat illegal fishing across the high seas.
"Conserving salmon stocks cannot tolerate disunity," stated Belyaev. "Sustainability depends on honest cooperation to forecast population dynamics and ensure protection in the convention area."
Atlantic Sapphire has entered into a restructuring agreement with a group of major shareholders and convertible loan holders aimed at securing long-term financing, reducing debt, and taking the land-based salmon farmer private.
The investor group includes Nordlaks Holding, Condire Management, Nokomis Capital, Strawberry Capital, and Joh. Johannsson Eiendom. Together, the group represents around 63% of Atlantic Sapphire’s shares and 93% of its outstanding convertible loan.
The transaction includes a voluntary offer of NOK 0.80 (€0.07) per share, followed by a planned squeeze-out of minority shareholders and a delisting from Euronext Oslo Børs.
Source: SalmonBusiness | Read the full article here
A new free trade deal in the Middle East is expected to provide a boost for Scottish exports amid global economic uncertainty, Scotland’s salmon farming trade body has said.
Salmon Scotland said the deal between the UK and the Gulf Cooperation Council (GCC) ensures permanent tariff-free access for UK goods to the United Arab Emirates (UAE), Oman, Qatar, Kuwait, Saudi Arabia and Bahrain, removing five per cent tariffs on some salmon exports.
Salmones Austral officially launched its direct operations in Asia with the opening of its new commercial office in Tokyo, under the name Japón Austral.
The launch event took place on May 19 at the Grand Hyatt Hotel in the Japanese capital. The event brought together approximately 50 attendees, including key clients from the region, trade attachés from ProChile, and senior company executives, marking a strategic milestone in the firm's internationalization plan.
The new Japón Austral office will primarily focus on coordinating and expanding the company's business in various Asian markets, excluding China.
The Chilean Undersecretariat of Fisheries and Aquaculture (Subpesca) is monitoring and evaluating a new situation affecting the jack mackerel fishery, this time in the Atacama and, to a lesser extent, Coquimbo regions, where artisanal and industrial vessels have detected a high presence of the resource, but with specimens that do not reach the minimum legal catch size.
This situation adds to the difficulties already faced by the Biobío Region, where to date only about 34% of the available quota has been caught due to the low presence of jack mackerel in the area, explains Subpesca, which is maintaining constant monitoring of the situation.
Source: Industrias Pesqueras | Read the full article here
The Nueva Pescanova group has launched a research project applying technological solutions based on sensors and artificial intelligence (AI) to optimize the detection of foreign bodies in fish products and advance automation, as announced this Thursday in a press release.
According to the statement, the project, called Sensomare, will be developed by a multidisciplinary consortium made up of technology and food sector companies, with the collaboration of the canning industry association Anfaco and the University of Vigo.
Source: La Voz de Galicia | Read the full article here
After nearly four years of work, the AquaWind project, coordinated by the Canary Islands Agency for Research, Innovation and the Information Society (ACIISI), has demonstrated that, under real-world conditions, renewable energy production and aquaculture can not only coexist but also complement each other to optimize the use of the sea.
The prototype combining floating offshore wind and aquaculture is no longer just a concept; it is a physical reality in the Atlantic. Following this technological success, the next step is administrative. As indicated at the results presentation, the main bottleneck is no longer technical but regulatory and administrative, in addition to the need to strengthen public acceptance.
Source: iPac.aquaculture | Read the full article here
Scotland’s salmon industry has been given a big new lift following a key trade deal between the UK and the Middle East.
It follows a similar trade agreement with South Korea last December.
The industry trade body Salmon Scotland said the deal between the UK and the Gulf Co-operation Council (GCC) ensures permanent tariff-free access for UK goods to the United
Arab Emirates (UAE), Oman, Qatar, Kuwait, Saudi Arabia and Bahrain, removing five per cent tariffs on some salmon exports. Scottish salmon exports to the region hit £6.5 million in 2025 with 670 tons.
Author: Vince McDonagh / Fish Farmer | Read the full article here
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RUSSIAN FEDERATION
NORWAY
Atlantic Sapphire 
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A new free trade deal in the Middle East is expected to provide a boost for Scottish exports amid global economic uncertainty, Scotland’s salmon farming trade body has said.
Salmones Austral
CHILE
The Chilean Undersecretariat of Fisheries and Aquaculture 
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The 
After nearly four years of work, the AquaWind project, coordinated by the Canary Islands Agency for Research, Innovation and the Information Society (ACIISI), has demonstrated that, under real-world conditions, renewable energy production and aquaculture can not only coexist but also complement each other to optimize the use of the sea.
UNITED ARAB EMIRATES
Scotland’s salmon industry has been given a big new lift following a key trade deal between the UK and the Middle East.
