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.
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
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.
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.
Last January, the Council of Ministers approved the draft Law on the Prevention of Food Losses and Waste, a norm that was already in the Senate during the last legislature, but which declined due to the dissolution of the Cortes Generales. This second opportunity for the Law will impose specific obligations on the agents of the food chain and, additionally, will consolidate the business opportunity that different B2B and B2C actors involved in surplus management have been exploiting.
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
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
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.
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
Starting this Monday, a delegation from the canning association Anfaco-Cecopesca is participating in the 18th edition of the Infofish World Tuna Trade Conference & Exhibition, considered an “essential” meeting point for the tuna industry worldwide. This product is of vital importance for the Spanish industry and Europe as a whole, since its transformation into preserves and preparations represents more than 70% of the total continental sector. In 2023, Spanish companies produced more than 222,600 tons of canned tuna
The price of oil Peru
Fishing and aquaculture for human consumption, those invisible arts to feed the world, have suffered for centuries in our country from enormous neglect by official entities, which keep them relegated,...
Vietnamese canned tuna increases market share in the US Viet Nam
Vietnam's canned tuna exports continue to grow rapidly in the first months of 2024. In April 2024 alone, canned tuna exports to this market increased by 127 %, reaching more than 10 million USD. A...
AUSTRALIA
In an unprecedented collaboration between Australia’s tuna market leader, J.R. 
UNITED STATES
Blue Star Foods
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Statements by Iván López Van Deer Veen, president of the 
SPAIN
Last January, the Council of Ministers approved the draft Law on the Prevention of Food Losses and Waste, a norm that was already in the Senate during the last legislature, but which declined due to the dissolution of the Cortes Generales. This second opportunity for the Law will impose specific obligations on the agents of the food chain and, additionally, will consolidate the business opportunity that different B2B and B2C actors involved in surplus management have been exploiting.
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
JAPAN
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..jpg)
Euronext Growth exchange listed Andfjord is farming salmon on the island of Andøya in the Arctic archipelago of Vesterålen, Norway.
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.
Starting this Monday, a delegation from the canning association 
