On the back of continued strong container market demand and the disruption caused by the ongoing crisis in the Red Sea, A.P. Møller - Mærsk A/S (APMM) now also sees signs of further port congestions, especially in Asia and the Middle East, and additional increase in container freight rates. This development is gradually building up and is expected to contribute to a stronger financial performance in the second half of 2024.
Based on these developments, APMM upgrades its full-year 2024 guidance and now expects underlying EBITDA of USD 7 to 9bn and EBIT of USD 1 to 3bn (previously USD 4 to 6bn and USD -2 to 0bn, respectively), and free cash flow of at least USD 1bn (previously at least USD -2bn).
Trading conditions remain subject to higher-than-normal volatility given the unpredictability of the Red Sea situation and the lack of clarity of future supply and demand.
APMM will publish its Q2 interim results on 7 August 2024.
On the 21st, Toyo Reizo (Koto-ku, Tokyo) announced that Executive Officer Yasuo Mitani (former president of Sanyo Foods) was appointed as President and Representative Director in charge of internal control and audits on the 20th. He was appointed at the general shareholders' meeting and board of directors meeting held on the same day.
Yasuo Mitani (Mitani Yasuo) was appointed as the salmon and trout team leader of the Mitsubishi Corporation Fisheries Department in March 2015. In April 2016, when the salmon and trout division was established, he became the processing and sales team leader of the same department. He has been the president and representative director of Sanyo Foods since June 2017. [...]
Source: Minato-Yamaguchi (translated from original in Japanese)
The trade balance in fishery products showed a surplus of TND 156.2 at the end of April 2024.
This surplus is up 87.7% compared with that at the end of April 2023 (TND 388), according to the monthly newsletter of the National Observatory of Agriculture (ONAGRI), published on Saturday.
Exports of fishery products totalled 11 thousand tonnes worth TND 266.5 at the end of April 2024, up 32.9% in value and 6.8% in quantity compared with the same month in 2023.
ONAGRI also reported a 24.5% rise in export prices compared with April 2023 (24.2 D/KG). The most exported species are fish (6 thousand tonnes), canned and semi-canned goods (2.2 thousand tonnes) and shellfish (1.8 thousand tonnes).
Tunisian exports of fish products go to 42 destinations. Italy is the leading importer (29%), followed by Spain (23%), Libya, the United Arab Emirates and Japan (7%).
On May 19, news shocked the Peruvian fishing sector, revealing the excessive permissiveness with which PRODUCE sanctioned the Chinese vessel, the Tian Xiang, with the ridiculous sum of 250 soles for apparently having fished illegally in the Peruvian sea.
This case, along with other complaints spread by artisanal fishermen on social platforms such as Facebook and Tik Tok, as well as by organizations such as the National Society of Industries and the National Society of Artisanal Fishing of Peru (SONAPESCAL), appear to be the result of possible negligence by the previous efforts of the Ministry of Production.
Source: MundoAcuicola l Read the full article here
The II Conference against Illegal, Unreported and Unregulated Fishing in A Coruña ???? 'Committed to our sea: Illegal fishing is not a joke' have served to highlight the good practices of the Spanish fishing sector in its fight against illegal fishing and its commitment to continue carrying out that work responsibly.
Organized by Pesca España, an association created by several fishing producer organizations to defend the sector and promote fish consumption, the aim was to raise awareness about the problem of the entry of illicitly extracted products into the community market.
The IUU, acronym in English for illegal, unregulated and unregulated fishing, carried out without a license, is considered to be that which "does not observe national or international standards, which is not registered or subject to controls and which continues to enter the market of the EU
On Friday, 21 June, the quota advice for 2025 for North-East Arctic cod (skrei), haddock, Greenland halibut, and Atlantic/beaked redfish was presented, delivering a cold shock to the system of Norwegian fishing.
The recommendations have been met with significant concern from the fishing industry, as they propose substantial reductions in quotas, particularly for cod and haddock.
Lowest Skrei Quota in Over 20 Years Announced by Norwegian-Russian Research Group
Author: Oliver McBride / The Fishing Daily l Read thefull article here
Legal action is being taken in the United Kingdom against salmon farmers accused of costing consumers hundreds of millions of pounds by allegedly fixing prices, Business Wire reports.
The move follows class action lawsuits involving similar allegations in the US and Canada that were settled out of court, without admission of any wrongdoing.
The collective action seeks as much as £382 million for UK consumers who overpaid because of alleged breaches of competition law by the proposed defendants: Mowi and its subsidiary Mowi Holdings, SalMar, Lerøy, Scottish Sea Farms (owned by SalMar and Lerøy) and Grieg.
Source: fishfarmingexpert l Read the full article here
Conxemar, the Spanish Association of Wholesalers, Importers, Exporters and Processors of Fishing and Aquaculture Products, has launched a digital observatory for its associated companies with foreign trade data of more than 300 references of seafood products and all EU countries. Thanks to this tool, companies will be able to quickly and easily consult information on imports and exports in tons, economic value and average price, both for frozen and prepared or canned products marketed to all countries in the world.
Source: La Voz de Galicia l Read the full article here
"Blue Justice Initiative", the action promoted by the Norwegian Government to promote cooperation against illegal fishing, has celebrated its fifth year of life, an anniversary that has coincided with the launch of a new tool that shows satellite information (AIS signals) of boats from all over the world. The tool will be used in the fight against fishing crimes.
The Global Research Vessel Tracking User Portal (GLISTRUP) allows five Norwegian Executive satellites to collect satellite information. The system offers real-time data through historical data collected over four years and an advanced analysis tool.
Source: Industrias Pesqueras l Read the full article here
The Danish Seafood Association has raised concerns over a new trade agreement between the EU and Norway that allows duty-free access for processed Norwegian salmon while maintaining duties on raw materials imported into the EU.
Speaking to Danish media Fodevarewatch, Poul Melgaard Jensen, Director of the Danish Seafood Association, explains that the agreement allows Norwegian processed salmon, such as smoked salmon, to enter the EU market duty-free, while raw salmon imports into the EU still face duties.
Source: SalmonBusiness l Read the full article here
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