IN BRIEF - Barramundi Group Ltd: Application for Moratorium Order
SINGAPORE
Wednesday, October 16, 2024
Barramundi Group Ltd. has entered reconstruction and applied for a Moratorium Order from the Singapore High Court under the Insolvency, Restructuring, and Dissolution Act (IRDA).
This order seeks to protect the company from actions such as liquidation, the appointment of receivers, or legal enforcement against its assets without court approval. The company aims to negotiate debt restructuring with creditors during this period. To support operations during this process, Barramundi Group has secured a bridging loan of SGD 400,000 from a shareholder. The moratorium is requested for six months, with updates to follow as the restructuring progresses.
Under the Moratorium Order, the following key reliefs applied for are:
no resolution for the winding up of the Company shall be passed;
no receiver or manager shall be appointed over any property or undertaking of the Company;
no execution, distress or other legal process against any property of the Company shall be commenced, continued, or levied, except with the leave of the Court and subject to such terms as the Court imposes; and
no enforcement of any security over any property of the Company, or repossession of any goods held by the Company under any chattels leasing agreement, hire-purchase agreement or retention of title agreement, shall be taken, except with the leave of the Court and subject to such terms as the Court imposes.
The Instituto del Mar del Perú (IMARPE) launched on February 16 the Hydroacoustic Survey of Anchovy and Other Pelagic Resources 2602-04, a key scientific research mission aimed at updating the biological and fishery status of the anchovy (Engraulis ringens) in the Grau Sea.
The expedition, which will last 48 days, will cover the entire Peruvian coastline, from Tumbes to Tacna, in order to estimate biomass, spatial distribution, size structure, and reproductive status of the country’s main fishery resource.
The launch ceremony was attended by the Minister of Production, César Quispe Luján, who highlighted the importance of having timely scientific information to support decision-making amid changing oceanographic conditions.
The survey will also assess the distribution of eggs and larvae, the composition and abundance of phytoplankton and zooplankton, as well as the presence of seabirds and marine mammals. In addition, oceanographic and environmental conditions will be updated, contributing to a comprehensive diagnosis of Peru’s marine ecosystem.
Cermaq, a global leader in sustainable aquaculture, launched a special promotion to commemorate the Chinese New Year, reinforcing its presence in one of its most important strategic markets. The initiative consists of an exclusively designed box, inspired by the fire horse, a central symbol of the new year in Chinese culture, highlighting the company's commitment to cultural affinity and differentiation in its key markets.
Chinese New Year—the country's most important holiday—marks the beginning of a new cycle governed by the signs of the zodiac. In 2026, the fire horse will be the protagonist, a symbol associated with strength, vitality, and renewed energy.
Source: MundoAcuicola | Read the full article here
The Atlantic bluefin tuna (Thunnus thynnus) is changing its distribution as a direct response to climate change. This is the conclusion of an international scientific study, which states that, throughout the 21st century, rising ocean temperatures will alter the areas where this species can feed, reproduce, and be caught.
The research, titled "Navigating Future Waters: The Resilience of the Atlantic Bluefin Tuna Under Climate Change" and published in the journal Fish and Fisheries, shows that, as the ocean warms, bluefin tuna will tend to move progressively northward, seeking cooler, more productive waters. This movement will result in habitat loss in tropical and temperate regions and a gain in favorable conditions in more northerly areas, such as northern Europe, the waters around Greenland, and the Northeast Atlantic.
Source: iPac.aquacultura | Read the full article here
Slade Gorton recalls Norwegian Atlantic salmon in seven US states over listeria risk
US seafood distributor Slade Gorton has recalled frozen two-pound bags of Wellsley Farms Farm-Raised Atlantic Salmon sold through BJ’s Wholesale Club in seven states due to potential contamination with listeria monocytogenes.
The recall covers products marked as lot 3896 that were distributed in Delaware, Maryland, New Jersey, New York, North Carolina, Pennsylvania and Virginia between 31 January and 7 February.
Source: SalmonBusiness | Read the full article here
Puerto Montt, Chile-based salmon-farming firm Invermar has activated its emergency action plan responding to a mass mortality event that took place 12 February at its Traiguén 2 farming center, located in the municipality of Quinchao on the island of Chiloé.
Chile’s National Fisheries and Aquaculture Service (Sernapesca) reported on its website that a low oxygen phenomenon has affected 283 metric tons (MT) of fish, equivalent to 10 percent of the total biomass at the Traiguén 2 center.
The dead salmon are being removed by a fishing vessel and transported to the La Portada reduction plant.
Author: Christian Molinari / SeafoodSource | Read the full article here
Salmon producer gets the go-ahead after 30-month wait
Cooke Aquaculture subsidiary Kelly Cove Salmon Ltd (KCS) has been given the go-ahead to add six extra pens to its fish farm at Coffin Island, in Liverpool Bay, Nova Scotia, Atlantic Canada. It applied for the expansion in August 2023.The approval by the Nova Scotia Aquaculture Review Board (ARB) follows a hearing about the application in October last year. KCS will increase the numbers of pens from 14 to 20, raising maximum production by 198,000 salmon. This works out at an extra 1,000 tonnes wet weight if fish are harvested at 5 kilos
Author: Gareth Moore / fishfarmingexpert | Read the full article here
The International Transport Workers' Federation (ITF) warns of a jump from 20 cases in 2016 to 410 in 2025, a phenomenon linked to opaque fleets, flags of convenience, and routes under sanctions.
The oceans are filling up with ships "adrift" in both the literal and legal sense. What was a rarity a decade ago is becoming a trend: 410 cases of abandoned ships have been recorded in 2025, compared to 20 in 2016, according to the International Transport Workers' Federation (ITF), a global union organization that tracks these incidents.
The Ministry for Ecological Transition wants to declare it endangered, and science advises eliminating further substantial impacts to protect it
A meeting between Sara Aagesen, Minister for Ecological Transition and the Demographic Challenge, and nine well-known chefs from the Euro-Toques Spain association, "promoters of the 'No Thanks' eels campaign," resulted in a new attempt to declare the eel endangered, but only in Spain. The Committee on Wild Flora and Fauna will decide today whether to approve a measure that, in practical terms, would prohibit fishing for and selling eels and their fry (elvers) in Spain, even if other countries catch them, and without the additional protections recommended by scientists.
Source: La Voz de Galicia | Read the full article here
The digitalization of fisheries management is a strategic priority for public administrations, driven by regulatory requirements, the need to improve traceability, operational efficiency, and data quality throughout the entire value chain. Satlink has established itself as a leading international technology partner in the design and implementation of integrated digital systems for the management of fleets and marine resources, collaborating with more than 40 governments worldwide.
Malta's new Integrated Fisheries Information System (FIIS) is a national project that establishes a new European standard for digital fisheries governance as a replicable technological model adaptable to different regulatory environments, fleet types, and administrative structures.
Source: Industrias Pesqueras | Read the full article here
Food and drink manufacturers set out top priorities for government to support UK food manufacturers in new EU trade agreement.
The Food and Drink Federation (FDF) has set out ten priorities for UK food and drink manufacturers for the new Sanitary and Phytosanitary (SPS) agreement with the EU
With food exports to the EU falling a quarter since Brexit, removing the additional cost and complexities food and drink manufacturers have faced when trading products with the EU since our exit in 2021 will benefit the sector
However, alignment with EU regulation comes with potential risks and unintended consequences. Manufacturers are calling for government to keep businesses well informed on the scope of the SPS agreement
EU–India Free Trade Agreement Set to Reshape European Tuna Market European Union
Indian exporters gain tariff edge as Vietnamese producers face mounting competitive pressure
The announcement by the European Union (EU) and India that negotiations for a landmark Free Trade Agreemen...
Copyright 1995 - 2026 Seafood Media Group Ltd.| All Rights Reserved. DISCLAIMER
SINGAPORE
This order seeks to protect the company from actions such as liquidation, the appointment of receivers, or legal enforcement against its assets without court approval. The company aims to negotiate debt restructuring with creditors during this period. To support operations during this process, Barramundi Group has secured a bridging loan of SGD 400,000 from a shareholder. The moratorium is requested for six months, with updates to follow as the restructuring progresses.
PERU
CHILE
Cermaq
WORLDWIDE
The Atlantic bluefin tuna (Thunnus thynnus) is changing its distribution as a direct response to climate change. This is the conclusion of an international scientific study, which states that, throughout the 21st century, rising ocean temperatures will alter the areas where this species can feed, reproduce, and be caught.
UNITED STATES
Slade Gorton recalls Norwegian Atlantic salmon in seven US states over listeria risk
Puerto Montt, Chile-based salmon-farming firm 
CANADA.png)
The International Transport Workers' Federation (ITF) warns of a jump from 20 cases in 2016 to 410 in 2025, a phenomenon linked to opaque fleets, flags of convenience, and routes under sanctions.
SPAIN
A meeting between Sara Aagesen, Minister for Ecological Transition and the Demographic Challenge, and nine well-known chefs from the Euro-Toques Spain association, "promoters of the 'No Thanks' eels campaign," resulted in a new attempt to declare the eel endangered, but only in Spain. The Committee on Wild Flora and Fauna will decide today whether to approve a measure that, in practical terms, would prohibit fishing for and selling eels and their fry (elvers) in Spain, even if other countries catch them, and without the additional protections recommended by scientists. 
The digitalization of fisheries management is a strategic priority for public administrations, driven by regulatory requirements, the need to improve traceability, operational efficiency, and data quality throughout the entire value chain. 
UNITED KINGDOM.png)
The 
