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Other Media | SeafoodSource: Fuel costs, sales declines, and increased competition hinder South African fishing company I&J's profits in 2023

SOUTH AFRICA
Wednesday, February 21, 2024

Cape Town, South Africa-based seafood company Irvin & Johnson (I&J) experienced a challenging back half of 2023, with a dip in fish sales, soaring fuel prices, and intensifying competition in the international seafood market all contributing to the poor performance.

The company said in its FY 2023 results that fuel costs plagued the company, as it heavily engages in fleet management activities. Between 2022 and 2023, the company attempted to improve the fuel efficiency of its fishing fleet through modernizing the fishing gear and sensors it used, enforcing speed limits to and from fishing grounds, and increasing the monitoring of fuel usage.

Author: Shem Oirere / SeafoodSource | read the full article here


IN BRIEF - The fishing sector requests a meeting with Minister Planas and will join the demonstration planned in Madrid on February 26

SPAIN
Tuesday, February 20, 2024

The Spanish fishing, aquaculture and specialized food trade sector 1 has asked Luis Planas, Minister of Agriculture, Fisheries and Food, for a meeting to present the concerns of the companies and workers that make it up, and that the organizations that they represent have been compiled during the intense internal meetings held in recent weeks in the face of the “future crisis” that the Spanish and European primary sector is going through.
 
 
The sector, which has already publicly expressed its support for the demands of Spanish farmers and ranchers, confirms that it will join the Madrid demonstration on the 26th, coinciding with the Council of EU Ministers (Agrifish).
 
The producing sector and the trade specialized in fishery products want to reinforce before Planas the common demands with farmers and ranchers, specifically against the environmentalist obsession of the European Commission (EC), the administrative complexity, the unfair competition from third countries and the lack of incentives to push the generational change. Likewise, it wants to draw attention to the most genuine challenges of its activity, such as the dramatic drop in fish consumption or the Government's indifference to repeated requests for VAT reductions to provide incentives.

IN BRIEF - Falkland Islands dispute is causing fishing ‘free-for-all’ in nearby Blue Hole

FALKLAND ISLANDS
Tuesday, February 20, 2024

Warning that soaring number of vessels threaten fish stocks and environment as geopolitics prevents agreement to regulate area

The scale of unregulated fishing in a disputed region close to the Falkland Islands has reached an “overwhelming” level that is threatening fish populations and the rich biodiversity of the area, politicians and environmentalists have claimed.

The “Blue Hole”, a stretch of the south Atlantic Ocean lying approximately 200 miles off the coast of Argentina and north of the Falkland Islands, is one of the only areas of sea that is not covered by a regional fishing agreement.

This has created a free-for-all, experts say, where fishing fleets can trawl the ocean, largely free from regulation or oversight. The number of vessels operating in the area has soared in recent months. According to routine monitoring carried out by the government of the Falkland Islands, at the end of January, more than 400 vessels were fishing in the Blue Hole. At the end of November, only 80 vessels had been observed.

“This overwhelming unregulated activity is disastrous,” said Teslyn Barkman, a member of the Falklands legislative assembly. “It’s unreported, unrestricted but legal due to a lack of regional agreement as to how the area should be managed.”

Most of the ships were Chinese, the government said, with many turning their trackers off when entering the area, which made their activities difficult to quantify.[...]

Author/souce: Sam Meadows/The Guardian


IN BRIEF - Frozen 'poulp squid' import amount in January decreased by 4%

SOUTH KOREA
Tuesday, February 20, 2024

In January 2024, 2,199 tons of frozen poulp squid (Cistopus indicus) were imported, a 23% decrease from 2,839 tons in the same period last year, accounting for 2.6% of the total seafood imports of 84,073 tons.

As of January, 1,635 tons, or 74% of the total, of frozen poulp squid were imported from China, 369 tons from Vietnam, 91 tons from Thailand, and 59 tons from Indonesia.

The import price of frozen poulp squid by country was highest for the Indonesian origin at USD 8.53/kg, and lowest for the Chinese origin at USD 7.00/kg, Vietnam USD 7.12/kg, Thailand USD 7.89/kg, and Malaysia at USD 6.86/kg.

The import amount in January was USD 15.53 million, a 4% decrease from the previous year's USD 16.15 million, and the average import price was USD 7.07/kg.

Source: Union Forsea Corp.


IN BRIEF - Irish Skipper Expo - Doors open this Friday!

REPUBLIC OF IRELAND
Tuesday, February 20, 2024

After what was hailed by many as ‘a successful Irish Skipper Expo’, the dates for the 2024 Irish Skipper Expo have been announced, with the event set to return to UL Sport Arena, Limerick on Friday 23rd and Saturday 24th February 2024.

The energy returned to the event this year after a tumultuous few years, with vibrant visitors queuing up in steady streams throughout the weekend, eager to check out the sell-out show. This year’s event saw a 27% increase on the overall number of visitors, but it was the enthusiasm and desire to look towards the future of the industry with optimism that was most impressive. 

With over 140 exhibiting companies from 15 different countries worldwide, the exhibition hall was filled with products and services of the highest quality and from across all sectors of the commercial fishing sector. As well as all of the returning exhibitors, many of whom have exhibited at every show since it began in 2005, this year’s Irish Skipper Expo also had 30 new companies exhibiting for the first time which added to the energy of the show.


Other Media | FishFocus: Strong quarter ends another record year for Mowi

NORWAY
Tuesday, February 20, 2024

Mowi recorded record-high revenues of 1.43 billion euros in the fourth quarter, compared with 1.36 billion euros in the corresponding quarter of 2022. Operational profit was 203 million euros in the quarter.

The fourth quarter concluded another record-breaking year for Mowi. Revenues of 5.5 billion euros, operational profit of 1,028 million euros and harvest volumes of 475 000 tonnes in 2023 were all record-high.

Source: FishFocus | read the full article here


Other Media | SeafoodSource: Exports of salmon, UK's top food export in 2023, threatened by proposed Scottish surtax

UNITED KINGDOM
Tuesday, February 20, 2024

Salmon industry trade body Salmon Scotland has joined 15 other representative groups of the Scottish food and beverage sector in voicing alarm over a surtax on retailers currently being considered by the Scottish government.

Representing a wide array of the Scottish food and beverage industry, the organizations, have jointly written to Scotland’s Deputy First Minister and Finance Secretary Shona Robison ahead of the Stage 1 debate and vote on the upcoming Scottish budget. 

Author: Jason Holland / SeafoodSource | read the full article here


Other Media | EuropaAzul: Seychelles fleets will be able to expand the range of their catches

SEYCHELLES
Tuesday, February 20, 2024

The Fisheries Commission of the European Union has recently approved new regulations that open the door for Seychelles fleets to fish in Mayotte waters, specifically beyond 24 nautical miles from the coast, in a sign of growing cooperation international on sustainable fishing. This agreement, aligned with the Sustainable Fisheries Partnership Agreement and its implementation protocol signed between the EU and the Republic of Seychelles in 2020, represents an important step forward for both parties.

Source: EuropaAzul | Read the full article here


Other Media | Industrias Pesqueras: A dozen Galician companies promote their seafood products at the 29th edition of the Gulfood international fair

UNITED ARAB EMIRATES
Tuesday, February 20, 2024

This week the 29th edition of the Gulfood international fair began in the Emirati city of Dubai. Galicia will be present with its own space within the pavilion dedicated to Spain, which will allow the participation of 10 Galician companies supported by the Xunta in this food industry event.

The event, which will last until Thursday, February 23, will be attended by Conservas Cerqueira, Conservas del Noroeste, Conservas Friscos, Conservas Albo, Conservas Mariscadora, Prodemar, Wofco, Cassua, Fesba and Pasteurizados Cíes.

Source: Industrias Pesqueras | Read the full article here


Other Media | SalmonExpert: Chilean salmon farming starts 2024 on the right foot

CHILE
Tuesday, February 20, 2024

The Chilean salmon farming industry began the year with blue numbers, which was evidenced in the recent export figures updated and reported by the Studies Department of the National Customs Service.

In January 2024, 90,593 tons of salmon and trout were exported, valued at US$670 million, while, on the same date in 2023, 67,710 tons were shipped for US$521 million, which represents a 34% increase in returns and of 17.7% in volume.

Author: Loreto Appel / SalmonExpert | Read the full article here


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