A decision on the future of the large Chilean salmon farmer Nova Austral has been pushed back yet again.
Shareholders were due to vote on a rescue package in the form of a new agreement yesterday, but creditors decided they needed more time to consider what is described as a Revised Organisation Proposal. A decision had been expected, but it was delayed for the fifth time since the summer.
Author: Vince McDonagh / FishFarmer | Read the full articlehere
Andfjord Salmon has announced that construction work at its land-based salmon farming facility at Kvalnes is progressing ahead of schedule, which significantly de-risks the build-out project.
Andfjord Salmon is currently developing its Kvalnes facility, targeting an initial production capacity of 8,000 tonnes (HOG) from 2025 for the first build-out phase at Kvalnes, Andøya. The company is targeting a total production capacity of 40,000 tonnes at Kvalnes through a gradual increase between 2025 and 2030.
Longyuan and Shanghai Electric have unveiled a pioneering facility off Nanri Island in Fujian.
The innovative project integrates wind, solar and aquaculture energy, opening new horizons in the sector.
Longyuan, a subsidiary of China Energy Investment Corp (CEIC), a world leader in wind energy, aims to combine wind generation and deep-sea fish farming. The research focuses on the selection of marine species, the acoustic impact of the turbines and the interaction with underwater cages. The Nanri project was approved in 2015.
In a new season of results, the AquaChile group opened the third quarter of 2023 for the salmon farming industry, revealing that its total sales were US$360 million, increasing 12.7% compared to the second quarter of this year, which is mainly explained for a higher sales volume.
In turn, total sales in 3Q23 were 1.5% higher than those achieved during the same period in 2022, mainly explained by higher sales volume offset by lower international prices.
Author: Jonathan Garcés / Salmonexpert | Read the full articlehere
Freight rates declined further in the third quarter
Transport volume up in the third quarter, stable year-to-date
Hapag-Lloyd has concluded the first nine months of 2023 with a Group EBITDA of USD 4.5 billion (EUR 4.2 billion) and a Group EBIT of USD 3.0 billion (EUR 2.8 billion). The Group profit stood at USD 3.4 billion (EUR 3.2 billion). These results are significantly below the prior-year level due to the severe change in market conditions. With the further expansion of its terminal business, the Hapag-Lloyd Group’s business activities have also been split for the first time into Liner Shipping and Terminal & Infrastructure segments.
In the first nine months of 2023, the EBITDA in the Liner Shipping segment decreased to USD 4.5 billion (EUR 4.1 billion). The EBIT fell to USD 3.0 billion (EUR 2.7 billion). Revenues decreased to USD 15.2 billion (EUR 14.1 billion), primarily due to a lower average freight rate of 1,604 USD/TEU (9M 2022: 2,938 USD/TEU). This dropped even further in Q3 2023, to USD 1,312/TEU (Q3 2022: USD 3,106/TEU), and it was much lower in several trades compared to the same period of the prior year. In contrast, the transport volumes improved in the third quarter, rising by just under 5 percent, to 3,110 TTEU (Q3 2022: 2,975 TTEU).
The global vegan sashimi market is expected to be valued at US$ 104.9 million in 2023 and to reach a valuation of US$ 218.8 million by 2033. The demand for Vegan Sashimi is estimated to grow at a steady 8.5% CAGR, with the U.K., the U.S., China, and India emerging as key producers.
In recent years, there has been a growing interest in vegan and plant-based alternatives to traditional meat and seafood products. This has led to the development of various plant-based seafood substitutes, including vegan sashimi. These products are typically made from plant-based ingredients such as konjac, soy, mushrooms, and seaweed, which are shaped and flavored to resemble traditional sashimi.
Increasing awareness and concern for the environment, animal welfare and a growing number of health-conscious consumers are driving the growth of the vegan sashimi market. Consumers are becoming more conscious of their impact on the environment and animal welfare, and are looking for alternative options that align with their values.[...]
I read that the consumption of fishing and aquaculture products has decreased alarmingly in recent years. Apparently, current consumption has decreased in Spain to about 18.5 kilos per person per year while in 2014, less than ten years ago, it was about 27 kilos per person per year. If these estimates are true, the decline is truly striking. A drop of around 30% in ten years. An enormity.
I find this very worrying. For two reasons. The first, for a health issue. The fish is healthy. The positive effects of its consumption on health are very well studied and are very well known. Fish is healthier than other foods for which it is replaced in diets. In this way, a deterioration is possibly occurring in the nutritional quality of the average Spaniard and consequently in their health. That is, the decrease in fish consumption can have negative effects on the health of the Spanish population. This is very serious.
The second reason is socioeconomic, since the decrease in consumption affects the economy and employment of regions highly dependent on fishing, such as almost all the coastal areas of Spain, but especially those of Galicia.[... ]
The first batches of fish products supplied to retail chains directly from fishermen from Kamchatka have already gone on sale in the central part of the country. This was reported by the Ministry for the Development of the Far East and Arctic.
“Fishermen sent over 1.5 thousand tons of aquatic biological resources to the central part of the country,”commented Deputy Minister Anatoly Bobrakov.
He noted that the first batch of fish products directly from fishermen arrived at the Globus retail chain. “In the near future, they will be joined by other retail chains – Lenta, VkusVill and X5 Group,”he added.
Sockeye salmon, Chinook salmon and pink salmon supplied by fishermen have already appeared on the shelves of hypermarkets. For example, pink salmon costs 219 rubles per kg, the ministry emphasized.
The supply of products to retail chains directly from fishermen was organized as part of the “Affordable Fish” project. Its goal is to increase fish consumption in the domestic market.[...]
Author/source: Yulia Likarchuk/Vetandlife (translated from original in russian)
MEPs ask the European Commission to stop the invasion of the blue crab in order to act quickly. This was reiterated by PD MEPs Pietro Bartolo and Elisabetta Gualmini after the written response of the European Commissioner for Fisheries, Virginijus Sinkevicius, ruling out the possibility of repealing the ban on trawling to eradicate the species. In his response, the commissioner reported the existence of an ongoing study by the General Mediterranean Fisheries Commission to find out the best solutions to mitigate the impacts of this species.
The European fleet is just one step away from being able to fish with full guarantees in the waters of Madagascar after the approval of the new fishing agreement between the EU and the African State by the plenary session of the European Parliament. All that remains is the final approval of the EU Council. Without an implementation protocol in force since January 2019, the EU authorities and Madagascar signed a new agreement in October 2022 and it provisionally entered into force on July 1.
Source: IndustriasPesqueras | Read the full article here
Top diplomats from Japan and China met in South Korea South Korea
Top diplomats from Japan and China met for bilateral talks Saturday to try to resolve disputes including China’s ban on Japanese seafood, which has hit Japanese exporters.
Source: AP
Japanes...
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MEPs ask the European Commission to stop the invasion of the blue crab in order to act quickly. This was reiterated by PD MEPs Pietro Bartolo and Elisabetta Gualmini after the written response of the European Commissioner for Fisheries, Virginijus Sinkevicius, ruling out the possibility of repealing the ban on trawling to eradicate the species. In his response, the commissioner reported the existence of an ongoing study by the General Mediterranean Fisheries Commission to find out the best solutions to mitigate the impacts of this species.
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The European fleet is just one step away from being able to fish with full guarantees in the waters of Madagascar after the approval of the new fishing agreement between the EU and the African State by the plenary session of the European Parliament. All that remains is the final approval of the EU Council. Without an implementation protocol in force since January 2019, the EU authorities and Madagascar signed a new agreement in October 2022 and it provisionally entered into force on July 1.
