The Iwate company becomes the production base for in processed seafood products for raw consumption.

Nissui Co., Ltd. (Representative Director and President Executive Officer Shingo Hamada, Minato-ku, Tokyo) announced that Musashino Foods Co., Ltd. (Representative Director and President Kazumi Musashino, Rikuzentakata City, Iwate Prefecture), which has strengths in processed seafood products for raw consumption, will acquire the company by transferring all its shares.

It will serve as the Nissui Group's production base for processed marine products for raw consumption, and will be linked to the marine products business's objectives of the medium-term management plan "Good Foods Recipe 1" (FY2022-2024): "expanding the aquaculture business" and "promoting the use of food products."

All employees of the company will continue to be employed.

The company has expanded its business with a focus on frozen-sliced sushi products. Taking advantage of this acquisition, Nissui will utilize its production capabilities to begin producing products for raw consumption, such as sushi ingredients, using Nissui's domestic and international farmed fish and wild fish.

As a first step, Nissui Group will collaborate with a salmon farming business in Hirota Bay in the same

The previous fiscal year's dividend was increased by 15 yen, and this fiscal year's dividend will be increased by 15 yen individual stocks

Maruha Nichiro [TSE P] announced its financial results after the market close on May 7th (15:00). Consolidated ordinary income for the fiscal year ending March 2024 was 31.1 billion yen, down 7.1% from the previous fiscal year, but is expected to increase by 2.9% from the previous fiscal year to 32 billion yen for the fiscal year ending March 2025. This is the fourth consecutive year of increased sales.

At the same time, the annual dividend for the previous fiscal year was increased from 70 yen to 85 yen (65 yen in the previous fiscal year), and the company has decided to increase the dividend this fiscal year to 100 yen, an increase of 15 yen from the previous fiscal year.

Consolidated ordinary income for the January-March quarter (4Q), which is the results for the most recent three months, fell significantly to 870 million yen, down 66.9% from the same period of the previous year, and the operating profit margin deteriorated from 1.1% to 0.5% in the same period of the previous year.

In a letter addressed to Ms. Charlina Vitcheva, the Pelagic Advisory Council (PelAC) has voiced concerns regarding the process of adopting a delegated act under EU Regulation 2023/2842.

Specifically, PelAC members are apprehensive about the criteria used to define conditions pertaining to the landing and weighing of fish catches, as well as the subsequent listing of compliant ports.

Source:  Oliver McBride / The Fishing Daily l Read the full article here

The National Association of Canned Fish Manufacturers (Anfaco-Cecopesca) has formalized its definitive entry into EFFOP (acronym in English for the European Association of Fish Oil and Meal Manufacturers), the European employers' association of that sector of the seafood chain. industry. Anfaco's entry into the European entity appeared in its 2024-2026 Strategic Plan, which involves "strengthening its sectoral representativeness and promoting technical associations as a lever that defends the legal security of companies," it explains in a statement.

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

Suardíaz Shipping Lines, one of Europe's RoRo Car Carrier shipping companies, has added a new ship to its fleet to operate in the Atlantic corridor that connects Morocco with northern Europe: the ship m/v Asturias that has been sailing until now under the name 'Viking Amber' and which has a loading capacity of 4200 CEU. This operation, the company explains, belongs to the investment plan that Suardíaz Shipping Lines has been developing for the last 5 years and which amounts to more than 100 million dollars. Juan Riva, CEO of Suardíaz Group explains that "with the incorporation of the Asturias ship we continue with our fleet renewal and emissions reduction plan with ships of greater efficiency and capacity to respond to market demand."

Source: Industrias Pesqueras l Read the full article here

Bacterial kidney disease (BKD) and pancreas disease (PD) had been detected at a Norwegian fish farm site from which almost 14,000 salmon escaped, site operator Lerøy has confirmed.

A tear in the net of a pen containing harvest-ready fish with an average weight of 7.3 kg was discovered at the Reitholmen farm in Fillfjorden in Hitra municipality on the evening of Sunday, May 5.

Source: fishfarmingexpert  l Read the full article here

Environmental charity Wildfish has formally appealed against a change in the rules on what can be called “Scottish salmon”.

Last month the UK Government approved a request to amend the “Protected Geographical Indication” (PGI) for “Scottish farmed salmon” to “Scottish salmon”.

The PGI rules set out strict criteria for regional food products, specifying not only where they must be from but also how they must be produced. In the case of Scottish salmon this sets out approved production methods and quality controls, covering  arrange of issues from feed to fish welfare.

Source: Fish Farmer  l Read the full article here

The International Naval Industry Fair, Navalia, has taken advantage of the last meeting of its Executive Committee before the celebration of its ninth edition to confirm that it will be the largest in its history.

The meeting, from May 21 to 23, will bring together a record of 522 exhibitors, compared to 431 for the 2022 edition, 20% more. There will be more than 1,000 brands represented, the fair will grow by 9,000 meters and 20,000 visitors are expected. In total, there will be 75 countries represented among exhibitors, pavilions and confirmed visitors. With respect to international exhibitors, the organization highlights the presence, for the first time at the French Brittany fair, and others that come with an international pavilion, such as Norway, which joins Argentina, Colombia, Paraguay or Cape Verde, already usual at the fair.

Source:Industrias Pesqueras l Read the full article here

Across all divisions, BioMar shows notable results in the first quarter. While margins increased due to changes in the portfolio's product mix, the company achieved 8% lower sales volume in the first quarter of 2024 compared to the first quarter of 2023. However, strong growth in The shrimp feed segment was able to partially offset lower sales volume in the salmon feed segment. The lower volumes are explained due to biological problems in different markets combined with an increased focus on long-term collaboration with customers, thus changing the focus from market share to value creation. Furthermore, the lower turnover is explained by lower raw material prices and exchange rates.

Source: aqua.cl l Read the full article here

An online tool designed to support the UK seafood sector’s response to climate change has been launched by public body Seafish. The new Seafood Carbon Emissions Profiling Tool has been designed to help businesses measure and reduce their products’ carbon footprint and contribute to meeting net-zero targets.

Its development has been funded jointly by the Fisheries and Seafood Scheme (FaSS) in England and Seafish and developed by Mérieux NutriSciences | Blonk, a leading international expert in food systems sustainability.

Source: Worldfishing l Read the full article here