IN BRIEF - Barramundi Group Ltd: Update on the restructuring process
SINGAPORE
Friday, April 25, 2025
Barramundi Group Ltd. (“the Company”) (EURONEXT: BARRA) – Reference is made to the stock exchange notice dated 19 February 2025 regarding the grant of an extension of the Moratorium Order.
The Company is pleased to announce that an agreement has been reached with the Company’s principal secured creditor, United Overseas Bank Limited (“UOB”), on the main terms of a proposed restructuring of the Company’s debt with UOB.
The details of the arrangement are currently being documented in a proposed Pre-packaged Scheme of Arrangement (the “Scheme”), the implementation of which is subject to approval of the High Court of Singapore (the “Court”) pursuant to section 71 (1) of the Insolvency, Restructuring and Dissolution Act 2018.
As part of the process, the Company has today filed an application to the Court for an extension of the moratorium, till 11 July 2025, which will otherwise expire on 11 May 2025.
Further updates will be provided as the restructuring process progresses.
New products feature premium seafood from Aomori and Nagasaki
Umios will launch two fish sausages on September 1, 2026, made with Aomori kinmedai (splendid alfonsino) and Nagasaki ago (flying fish), highlighting distinctive regional Japanese seafood flavors in convenient processed products.
Season runs from September 1 through November, with sustainability rules and expanding aquaculture investment.
Oman produced 6,321 tonnes of shrimp worth RO 14.15 million in 2025, including 5,368 tonnes from aquaculture. A new RO 23.5 million Shinas project targets 7,500 tonnes annually, boosting exports and food security.
Canadian insect producer Entosystem has secured independent verification of greenhouse gas emission reductions generated by its ENVOL project, making it eligible to generate and commercialise certified carbon credits through the CSA Group’s EcoProjects Registry.
The company’s Drummondville facility can process up to 90,000 tonnes of food residues annually, converting them into ingredients including proteins and oils. At full capacity, the project is expected to avoid more than 23,000 tonnes of CO2 equivalent emissions each year, according to Entosystem.
Source: The Fish Site | Read the full article here
Singapore-headquartered Barramundi Group, which farms barramundi (Lates calcarifer) on land and at sea in Brunei, has reported encouraging improvements in biological performance and operating discipline in the first half of 2026.
But it remains cautious on the outlook for marine grow-out, where endemic biological challenges — in particular Lates calcarifer herpes virus (LCHV) — continue to constrain optimal survival and production performance. LCHV affects vital organs, including the liver, kidney, gills, pancreas, and eyes and can result in 60% to 80% mortality within days of clinical onset.
Author: Gareth Moore / fishfarmingexpert | Read the full article here
Initiative supports Zimbabwe’s goal of building a US$1 billion fisheries and aquaculture industry by 2030
Midlands State University (MSU) will develop a large-scale aquaculture project at Pitscottie Dam, Kwekwe, to boost fish production and food security. Zimbabwe consumes 85,000–95,000 tonnes of fish annually but produces only 25,000–40,000 tonnes, leaving a major supply gap.
Webinar highlights finance, markets and enterprise development for small-scale producers
NCDC, FAO and partners will promote Fish Farmer Producer Organisations (FFPOs) as tools to strengthen climate-resilient fisheries and aquaculture, expanding collective action, access to finance and markets, training and sustainable livelihoods.
Artisans in Ibrahim Hyderi, Karachi, continue building wooden fishing vessels by hand, preserving skills passed down through generations.
Using eucalyptus and African teak, craftsmen shape and assemble each boat without modern industrial methods. A small vessel can take around three months to complete and cost about PKR 1 million (US$3,600), sustaining both Pakistan’s maritime heritage and coastal fishing communities.
Handful Marine Company Ltd, owner of the Cook Islands-registered vessel Kema, cannot be located despite its registered office in Suva, Fiji.
The company was fined $400,000 by the Cook Islands High Court in June for illegal fishing. Authorities have been unable to locate the foreign-owned firm following the court ruling.
Peru’s Ministry of Production (Produce) has reactivated the fishery for the jumbo flying squid (*Dosidicus gigas*, locally known as *pota*)—one of the country's key artisanal fisheries—following scientific studies conducted by the Marine Institute of Peru (IMARPE) as part of "Operation Jumbo Flying Squid V." "The measure is part of the Fisheries and Aquaculture Reactivation Plan promoted by the government to restore productive activity and protect the incomes of thousands of families linked to this fishery," the Ministry explained.
The Maximum Permissible Total Catch Limit (LMCTP) for 2026 was raised to 709,659 tonnes, of which 82,321 tonnes will be available for harvesting between August 30 and December 31.
Source: Industrias Pesqueras | Read the full article here
Products will be on display at the event taking place from 2-4 September at the Sands Expo and Convention Centre in Singapore.
Seafood Expo Asia/Seafood Processing Asia, produced by Diversified, brings together seafood suppliers from across the globe to connect with buyers throughout Asia and spotlight what’s next in the industry. Exhibitors will showcase everything from ready-to-eat, health-forward and value-added seafood products to cutting-edge packaging, processing equipment, and the services and technologies driving the industry forward.
Buyers can explore the newest seafood products designed for the Asian market — and meet the companies behind them — through the event’s onsite Product Showcase and across the exhibit hall floor.
SINGAPORE
The Company is pleased to announce that an agreement has been reached with the Company’s principal secured creditor, United Overseas Bank Limited (“UOB”), on the main terms of a proposed restructuring of the Company’s debt with UOB.
JAPAN
OMAN
Season runs from September 1 through November, with sustainability rules and expanding aquaculture investment.
CANADA
Canadian insect producer Entosystem has secured independent verification of greenhouse gas emission reductions generated by its ENVOL project, making it eligible to generate and commercialise certified carbon credits through the CSA Group’s EcoProjects Registry.
Singapore-headquartered 
ZIMBABWE
Initiative supports Zimbabwe’s goal of building a US$1 billion fisheries and aquaculture industry by 2030
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PAKISTAN
COOK ISLANDS
Handful Marine Company Ltd, owner of the Cook Islands-registered vessel Kema, cannot be located despite its registered office in Suva, Fiji.
PERU
Peru’s Ministry of Production (Produce) has reactivated the fishery for the jumbo flying squid (*Dosidicus gigas*, locally known as *pota*)—one of the country's key artisanal fisheries—following scientific studies conducted by the Marine Institute of Peru (IMARPE) as part of "Operation Jumbo Flying Squid V." "The measure is part of the Fisheries and Aquaculture Reactivation Plan promoted by the government to restore productive activity and protect the incomes of thousands of families linked to this fishery," the Ministry explained..png)
Seafood Expo Asia/Seafood Processing Asia, produced by Diversified, brings together seafood suppliers from across the globe to connect with buyers throughout Asia and spotlight what’s next in the industry. Exhibitors will showcase everything from ready-to-eat, health-forward and value-added seafood products to cutting-edge packaging, processing equipment, and the services and technologies driving the industry forward.
