Based on preliminary unaudited figures, A.P. Møller - Mærsk A/S (APMM) reports a revenue of USD 15.8bn, underlying EBITDA of USD 4.8bn and underlying EBIT of USD 3.3bn (reported: USD3.3bn) for Q3 2024.

On the back of strong third quarter results combined with strong container market demand and the continuation of the Red Sea situation, APMM now expects for the full year 2024 underlying EBITDA of USD 11.0 to 11.5bn and EBIT of USD 5.2 to 5.7bn (previously USD 9 to 11bn and USD 3 to 5bn, respectively), and free cash flow of at least USD 3bn (previously at least USD 2bn).

The outlook for the global container market volume growth for the full year 2024 has been revised to around 6%. (previously 4-6%) APMM will publish its full Q3 interim results on 31 October 2024.

As of September 2024, South Korea's cumulative imports of frozen squid tubes have dropped by 52% compared to the previous year.

In September alone, 1,582 tons of frozen squid tubes were imported, marking a 9% decrease from 1,729 tons in the same month of 2023.

The total import volume for the year up to September 2024 stands at 12,799 tons, a significant decline from the 26,661 tons recorded during the same period last year. This represents just 2% of the global total imports of 651,137 tons.

In terms of imports by country, China leads with 6,713 tons (53%), followed by Chile with 4,900 tons (38%), Peru with 671 tons, Argentina with 270 tons, Indonesia with 147 tons, and Taiwan with 98 tons. Import prices varied, with Argentina having the highest at USD 6.03 per kilogram, followed by China at USD 2.31, Chile at USD 1.85, and Peru at USD 2.01.

The import value of frozen squid tubes in September 2024 reached USD 3.61 million, a 3% increase from USD 3.51 million during the same month in 2023. However, the cumulative import value for the year has fallen to USD 28.52 million, down 45% from USD 51.84 million in the previous year. The average import price was USD 2.23 per kilogram, reflecting a 15% increase from last year's average of USD 1.94.

This trend underscores the effects of declining import volumes for frozen squid tubes alongside rising import prices.

Source: Union Forsea Corp.

It warns that its annulment will affect the Galician fleet as Andalusia, the main directly affected party, will need a larger quota to alleviate the impact of having to abandon the fishing ground

The Ministry of the Sea warns that the annulment of the fishing agreement between Morocco and the European Union by the Court of Justice of the EU (CJEU) "will have its effects" on the Galician fleet as it will be affected by the need that Andalusian fishing vessels will have for more quotas to alleviate the losses in that fishing ground, especially in the case of pelagic species.

Source: Faro de Vigo l Read the full article here

On November 17th of this year the fishing agreement with Senegal ends. The concern of the fishing boats is notable because the EU has shown a yellow card without the possibility of negotiating the agreement. The most affected fishery is the fishing boats in the Cantabrian Sea that need bait (sardine) to catch tuna, and the only area where there is bait is in the bay of Hann.

According to the shipowners, "we went to the commission and they told us that it is not possible to negotiate, with these answers we have been like this for more than four years.

Source: EuropaAzul l Read the full article here

DNB Markets, the bank’s brokerage division, will be renamed DNB Carnegie as part of the acquisition.

Seafood lending giant DNB has entered into an agreement to acquire all shares in Carnegie Holding from private equity firm Altor and other minority shareholders for approximately SEK 12 billion ($1.05 billion). The deal is a strategic move for DNB to expand its presence in the Nordic market and boost fee-based income. The transaction is subject to regulatory approvals in multiple jurisdictions and is expected to close in the first half of 2025.

Source: SalmonBusiness l Read the full article here

Kiwi fish farmer Akaroa King Salmon has become the first king salmon (Oncorhynchus tshawytscha) producer globally to adopt the innovative Blue Impact feed program developed by Denmark-headquartered feed producer BioMar.

This Blue Impact initiative supplements wild-caught fish in feed formulations with cultivated algal oil, fish trimmings, and insect meal. BioMar says the approach significantly reduces the impact on wild fish stocks while utilising clean, sustainable sources of omega-3 to produce the healthiest fish possible.

Source: fishfarmingexpert l Read the full article here

The Philippines government has accused a “Chinese maritime militia” vessel of deliberately sideswiping one of its fisheries vessels in the contested South China Sea.

The government claims a Chinese vessel with the bow number 00108 conducted dangerous maneuvers to block the path of a Philippines Bureau of Fisheries and Aquatic Resources (BFAR) vessel, ultimately leading to the collision.

Author: Nathan Strout / SeafoodSource l Read the full article here

XINHUA – Myanmar earned USD176.302 million from exports of fishery products in the first half of the fiscal year 2024-2025, the state-run Global New Light of Myanmar reported yesterday.

Director of the Fisheries Department in Nay Pyi Taw, U Nyunt Win, said that the country exported over 160,000 tonnes of various fish to foreign countries during the April-September period.

The exports included more than 82,000 tonnes of fish worth USD110 million that were shipped through maritime routes and over 78,000 tonnes valued at USD65 million that were exported through borders.

Alistair Carmichael, MP for Orkney and Shetland, has been elected Chair of the All Party Parliamentary Group on Fisheries (APPG). APPG is a cross-party group in Parliament that discusses and advocates for fisheries policies and related issues.

Liberal-Democrat Carmichael is sharing the APPG chair with Melanie Onn, Labour MP for Great Grimsby and Cleethorpes.

Alistair was born and raised on Islay. He first worked in the hotel industry before attending University of Aberdeen where he graduated with a degree in Law in 1992. After graduating, Alistair worked as a Procurator Fiscal Depute then moved into private practice as a solicitor.

He married his wife Kate in 1987 and they live in Orkney with their two sons, Sandy and Simon.

Since becoming an MP in 2001, Alistair has campaigned on a range of issues important to people in the Northern Isles, such as farming, fishing, offshore oil and gas, and more recently the development of renewables. He is also well-known for his work on human rights and has been an active campaigner for the worldwide abolition of the death penalty.

Source: MercoPress