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Other Media | SeafoodSource: Blue Star posts Q1 2024 revenue increase, battles Red Lobster in court

UNITED STATES
Friday, May 24, 2024

Blue Star Foods’ revenue increased 19 percent year over year to USD 2.3 million (EUR 2.1 million) in Q1 2024, but the company still posted a net loss of USD 1.1 million (EUR 1 million) in the period ending 31 March.

Blue Star CEO John Keeler blamed the quarterly loss on higher operating expenses and a loss on settlement of debt. The company’s adjusted EBITDA loss for the quarter reached USD 600,000 (EUR 553,000).

Author: Christine Blank / SeafoodSource l  Read the full article here


Otros medios | Fish Focus: Simplot australian brand John West and Pacific set milestone

AUSTRALIA
Friday, May 24, 2024

In an unprecedented collaboration between Australia’s tuna market leader, J.R. Simplot Company’s John West brand, and the leading Pacific tuna supply chain traceability and verification company, Pacifical, a historic milestone has been achieved with the successful exchange of data using the GDST (Global Dialogue on Seafood Traceability) protocol. This groundbreaking achievement sets a new standard for transparency and sustainability within the tuna industry.

Source: Fish Focus l  Read the full article here


Other Media | EuropaAzul: Digital optimization of catch monitoring in European fishing

EUROPEAN UNION
Friday, May 24, 2024

OptiFish, a pioneering project co-funded by Horizon Europe that aims to improve sustainable fishing practices through the development, testing and validation of cutting-edge and cost-effective technologies and tools for monitoring in the fishing industry, was successfully launched on February 1 of 2024.

19 partners from 8 different countries met at the kick-off meeting on April 18-19, 2024, organized by the project coordinator Flanders Research Institute for Agriculture, Fisheries and Food (ILVO) in Ostend, Belgium, to underline a commitment together to revolutionize fisheries management.

Source: EuropaAzul l Read the full article here


Other Media | Industrias Pesqueras: Eurotech Marine: Sonars that improve detection performance

SPAIN
Friday, May 24, 2024

New digital technologies have made it possible to implement basic features for the new digital era, such as: new versions of marine radars for special detections and security applications, coastal surveillance, maritime rescue, sea surface pollution, prevention of wave levels for safety on marine platforms, detection of surface currents in complicated areas, anti-piracy, navigation between ice, etc. All these functions are updated in the Canadian Rutter, explains the distributor Eurotech Marine, which represents the brand.

In the fishing area, Sonic Japan, another of the brands distributed by the firm, presents new digital equipment with long and solid ultrasonic experience, which improves sonic detection performance in the entire range of sonars for difficult-to-detect species.

Source: Industrias Pesqueras l Read the full article here


IN BRIEF - The Wait is Almost Over! THAIFEX - Anuga Asia 2024 is Just Around the Corner!

THAILAND
Thursday, May 23, 2024

The excitement is building - 5 days till THAIFEX - Anuga Asia 2024!

Once every year, leading buyers and suppliers from across the Asia Pacific and beyond come together for the region's most immersive food and beverage trade show!

This isn't just any other trade show; this is where you go BEYOND FOOD EXPERIENCE - it's a feast of innovation, networking, and boundless opportunities. 


IN BRIEF - EBFA welcomes postponement of vote on total closure of 10% of EU fishing grounds

EUROPEAN UNION
Thursday, May 23, 2024

Until the next meeting of the EC Member States Coordination Group (MSCG) which will be in October 2024.
 
Statements by Iván López Van Deer Veen, president of the European Bottom Fishing Alliance (EBFA): “We are very happy with the decision taken today to postpone the vote to close 10% of the waters to fishing. We think it is great news that the Member States have asked for more time to better study the measures and wait for the information that needs to arrive and, above all, to study it patiently. We know that Spain has also agreed with this decision and therefore we are very satisfied and, furthermore, we believe that it is fair, since we are in an electoral period and it should be in any case after the formation of the new Parliament when decisions are made. decisions of this magnitude, and of course in important bodies and not in minor technical bodies. "It is a decision that would have a tremendous impact on the viability of European fishing and therefore should not be taken behind Parliament's back."
 
Many Member States have expressed that, due to the important implications for the fleet and food production, a decision cannot be taken lightly and therefore extensive consultations and discussions are necessary, especially with stakeholders in the fishing sector.
 
Related news: 
 

Other Media | Fish Farmer: US Red Lobster chain fighting for survival

UNITED STATES
Thursday, May 23, 2024

Red Lobster, the world’s largest seafood restaurant chain, is fighting off the threat of bankruptcy amid rising debts.

The group, which has hundreds of restaurants across the United States, Asia and central America, has filed in a Florida court for bankruptcy protection in a bid to reduce debt and fend off collapse.

The chain’s “eat endless shrimp” campaign for $20 is being largely blamed for incurring large losses.

Author: Vince McDonagh / Fish farmer l Read the full article here


Other Media | Worldfishing: High Liner Foods invests in land-based salmon farmer

UNITED STATES
Thursday, May 23, 2024

North American seafood processor and marketer High Liner Foods Incorporated has committed to make a US$10 million investment in Andfjord Salmon Group AS.

Euronext Growth exchange listed Andfjord is farming salmon on the island of Andøya in the Arctic archipelago of Vesterålen, Norway.

In exchange for the $10 million investment, High Liner Foods will receive an approximately 4.5% share ownership in Andfjord. The company’s investment, which will be made from cash from operations, forms part of a larger capital raise by Andfjord that is expected to close in May 2024.

Source: Worldfishing l Read the full article here


Other Media | The Fish Site: Hatch Blue and Idemitsu launch unique blue carbon initiative

JAPAN
Thursday, May 23, 2024

Hatch Blue and Idemitsu, a major Japanese energy company, have launched their Blue Carbon Innovation Studio - a pioneering initiative dedicated to advancing sustainable blue carbon solutions.

This unique programme seeks to attract startups and scaleups with technologies capable of sequestering/reducing carbon through ocean and coastal ecosystems.

Source: The Fish Site l Read the full article here


Other Media | La Voz de Galicia: EU countries postpone until October the decision to ban 10% of fishing grounds to fishing activity

SPAIN
Thursday, May 23, 2024

The urgent call for attention launched by the European Bottom Fisheries Alliance (EBFA) has had an effect. The EU countries had been summoned yesterday to comment on the proposal to ban all human activity - including fishing - 10% of all fishing grounds to protect the seabed. It was about moving forward in the application and setting of objectives within the framework of the marine strategies directive, but the fishing industry did not consider the current time, on the eve of the elections to the European Parliament, to be the best time to give a push to a process that dates back to 2008

Source: La Voz de Galicia l Read the full article here


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May 27, 00:40 (GMT + 9):
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