IN BRIEF - Four major seafood companies see revenue increase for all, three see operating profit increase
JAPAN
Wednesday, November 13, 2024
Consolidated FY2024 April-September period: mixed results for marine products
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[Financial Results] Four major seafood companies see increased revenue for all, three companies see increased operating profits/April-September 2024 consolidated period. Mixed results for seafood products
The consolidated financial results for the April-September 2024 period for the four major seafood and food companies all maintained an increase in revenue, as in the first quarter. All three companies, except Maruha Nichiro, saw an increase in operating profit. While sales in the seafood division were solid, profits were mixed depending on the products handled, such as salmon and trout, which sold well, and pollock paste, which saw a slump in market prices.
A 22-year-old Dutch national, a crew member on a factory fishing vessel (or factory ship), was found dead while the vessel was carrying out operations in international waters.
His body was discovered while the ship was anchored near the port of Coquimbo. The local police (PDI, Investigations Police of Chile) and forensic experts are currently investigating the man's death.
The cause of death is still unknown. The victim's body was transferred to the forensic institute, where an autopsy will be performed to determine the exact cause of death.
It should be noted that the Coquimbo Port Authority (Capitanía de Puerto Coquimbo) reported that they "coordinated the procedure following the report of a crew member's death aboard the Lithuanian-flagged factory vessel F/V Margiris. The incident occurred while the vessel was conducting fishing operations on the high seas, outside national jurisdiction, and the Chilean Maritime Authority was informed. [The Authority] created the corresponding administrative procedures to handle the incident."
The local police and forensic experts are currently investigating the man's death.
The Russian Ministry of Agriculture has authorized a slight increase in the total permissible pollock catch for the Far East's offshore fishing areas in 2026.
The new quota is set at approximately 2.42 million tons, a modest rise from the current year's permitted catch of about 2.39 million tons. This reflects the region's overall fishing industry dynamics, though changes vary significantly by zone.
Regional Quota Adjustments
Increases: Several key subzones will see a boost in their allowable catch. The Kamchatka-Kuril subzone, within the northern Sea of Okhotsk, will increase from 281,400 tons to 283,400 tons. The East Sakhalin zone is set for a larger jump, moving from 150,000 tons to 163,800 tons. Notably, the Karaginsky subzone will also rise from 74,500 tons to 92,500 tons.
Decrease: Conversely, the West Bering Sea region will experience a reduction, with volumes dropping from 694,200 tons to 627,000 tons.
These varied adjustments across different fishing grounds are standard practice, aimed at maintaining overall stock health while supporting the regional industry.
The 44th annual meeting of the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) wrapped up in Hobart, concluding two weeks of discussions among 27 Member countries.
The Commission successfully renewed dozens of conservation measures to strictly regulate fishing for the 2025/26 fishing season. A major step against Illegal, Unreported and Unregulated (IUU) fishing was taken with a new rule requiring all fishing vessels to tranship cargo only with a vessel listed in a newly created CCAMLR Record of Carrier Vessels. Additionally, CCAMLR signed a Memorandum of Understanding with Peru to boost scientific cooperation on Antarctic research. The Scientific Committee also agreed to develop a regular State of the Antarctic Environment Report.
Despite this progress, many Members expressed concern over the lapse of Conservation Measure 51-07 in 2024, which previously managed the krill catch distribution in the South Atlantic. Crucially, the Commission was unable to reach a consensus on new measures for precautionary krill fishery management or the establishment of new Marine Protected Areas (MPAs) in the Western Antarctic Peninsula, South of the Scotia Arc, the East Antarctic, and the Weddell Sea.
Finally, the Commission appointed Mr. Nathan Walker (New Zealand) as its new Executive Secretary, succeeding Dr. David Agnew. The next meeting is scheduled for October 2026 in Hobart.
92% of the ingredients in salmon feed in Norway are imported, and feed for this species contributes around 80% of its carbon footprint. To reduce the climate impact of feed production and ensure that salmon is healthy and safe for consumption, the Norwegian government has set a goal of using more Norwegian raw materials in salmon feed. Although it has been legal in the country for several years, the aquaculture industry and feed producers have avoided using slaughterhouse by-products in salmon feed.
“New raw materials should be used in addition to those currently used.” This is according to NORCE researcher Vetle Kjær Risinggård, who led a study showing that Norwegians are open to the use of by-products from the Norwegian pork and chicken meat industries.
Source: iPac.acucultura | Read the full article here
Man dies in crush incident on vessel at Dusavika, police open investigation.
A man in his 30s died following a crush incident on board a vessel moored at Dusavika in Stavanger on Wednesday morning. Police said the deceased is a Norwegian citizen residing in Central Norway, and that next of kin have been notified.
Emergency services responded shortly after 10:00. At 10:43 the police operations leader confirmed the man had been declared dead at the scene.
Source: SalmonBusiness | Read the full article here
Aquaculture industry supplier ScaleAQ Software has announced that Aurora Bekkevold has joined the company as sales manager.
Bekkevold comes from Grieg Seafood, where she worked as key account manager with responsibility for strategic customers, negotiations, and sales strategy development. ScaleAQ said Bekkevold also brings valuable experience from Lerøy Seafood Group and GreenPowerHub AS, combining expertise from both the aquaculture and software sectors.
Having spentmore than a decade living in Chile’s coastal regions, Bekkevold is fluent in Chilean Spanish as well as Norwegian and English - a linguistic and cultural advantage that ScaleAQ said strengthens its international reach and customer relationships.
Source: fishfarmingexpert | Read the full article here
He calls on the government to demand greater development of the fishing fleet and distribution networks to increase per capita consumption, which is currently 24 kilos compared to the 28 kilos recommended by the Russian Ministry of Health.
Russian President Vladimir Putin yesterday called on the government to boost fish and seafood consumption in Russia, demanding greater development of the fishing fleet and distribution networks, at a government meeting dedicated to the country's fishing sector. "Currently, the level of fish and seafood consumption in the average citizen's diet is lower than the standard recommended by our Ministry of Health."
Source: La Voz de Galicia | Read the full article here
The US based salmon company AquaBounty Technologies has reported a near two-thirds reduction in losses during the third quarter this year – and it appears to be holding on to the possibility that its mothballed farm site in Ohio could be revived.
The company’s net loss for the three months ended 30 September was US $1.4 million (just over £1m) against US $3.4 million (£2.5m) in the same period a year ago. Included in the net loss for the current period was a non-cash asset impairment charge of $69,000 related to certain equipment ("Ohio equipment assets") originally intended for the company’s farm in Pioneer, Ohio.
The cash and cash equivalents totalled $951,000 as of September 30, 2025, as compared to $230,000 at the end of last year. Earlier this year, AquaBounty sold off by auction most of the equipment that had been intended for deployment at the Pioneer site.
Author: Vince McDonagh / Fish Farmer | Read the full article here
The GDP of the fishing sector grew by 6.4% in September 2025, according to the Ministry of Production (PRODUCE). The total volume of fish landings reached 141.4 thousand metric tons (MT), an impressive 70.9% increase compared to the same month in 2024.
Minister César Quispe Luján highlighted that the sector's contribution exceeded S/ 242 million. This positive boost is attributed to Direct Human Consumption (DHC), where landings surged by 72.2%.
The increase in DHC was notable across the industry:
Frozen:+152.8 %
Canned:+34.8 %
Fresh:+11.8 %
Key species driving this growth were jumbo squid (+5620.7 %), bonito (+36.7 %), and shrimp/prawns (+37.5 %).
Note: There were no landings for Indirect Human Consumption (IHC) due to the an
Union Negotiations Set Wage Hikes and Key Price of $0.86 USD per Kilo
RAWSON, CHUBUT—After months of intense negotiations, the shrimp (langostino) fishing season in Chubut waters is officially cleared to begin. The Chubut Yellow Fleet Chamber (CAFACH) and the United Maritime Workers' Union (SOMU) signed the salary agreement this Wednesday, providing certainty for the start of the harvest (zafra), according to Revista Puerto.
The agreement guarantees a 20% increase in the base salary and fixed benefits for maritime workers.
Regarding the raw product, a key price per kilogram of shimp was established:
Start of Season:$1,250 pesos per kilo, equivalent to approximately $0.86 USD/kg (for 17-kilogram crates).
Starting in January: The value will be adjusted to $1,300 pesos, or approximately $0.89 USD/kg.
A crucial detail of the deal is that 70% of the amount received by each worker will be classified as non-remunerative until March 30, 2026.
With the agreement now signed, the fishing season will launch as soon as weather conditions permit, starting with the exploratory phase (prospección) before opening the commercial fishery to the entire coastal and artisanal fleet.
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