IN BRIEF - All four major seafood companies saw revenue growth, with two seeing double-digit profit growth
JAPAN
Monday, August 12, 2024
The consolidated results for the April-June 2024 period for the four major seafood and food companies all saw an increase in sales, with Maruha Nichiro and Nissui reporting operating profits at the same level as the same period last year, while Nichirei and Kyokuyo posted double-digit increases.
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While the seafood division saw solid sales, it also struggled in terms of profits due to the products it handled. Food products showed solid sales and profits, but it seems necessary to keep a close eye on consumer trends due to further price hikes this fiscal year.
Source: Minato Yamaguchi (translated from original in Japanese)
Operations return to the Yellow Sea after four years.
China and South Korea resumed joint fisheries patrols on October 8, ending a suspension since 2022.
Running until October 17, the operations involve officers boarding each other's vessels to combat illegal fishing, improve enforcement coordination and reduce maritime disputes.
EM4SSF uses GPS tracking to support sustainable fishing across five European countries.
Led by Italy's CNR, the €538,516 project collects vessel data in Italy, Spain, Portugal, Greece and Denmark. Small-scale fisheries represent 85% of the EU fleet.
Active GPS monitoring aims to improve fisheries management and marine conservation.
The jellyfish bloom which hit the Icelandic salmon farmer Kaldvik recently looks to have been worse than earlier reported – but the incident seems to be subsiding at last.
The east Iceland farmer said 10 days ago that the attack had negatively affected its biological production and financial position.
Now, in a new update, Kaldvik is reporting that, following continued monitoring and assessment, the company estimates the event has resulted in approximately 11.5 percentage points of additional mortality in the affected 2025 generation since early September.
This compares with approximately 6.5 percentage points reported in the middle of last month.
Author: Vince McDonagh / Fish farmer | Read the full article here
Investment to boost fisheries technology, automation and international expansion.
VEX II will acquire a 34% stake in Héðinn, a century-old engineering firm serving fisheries, aquaculture and energy. The deal will support patented energy-saving technology, Magni Solutions and global growth, subject to regulatory approval.
The purchase strengthens fishing capacity and operational flexibility.
Iceland's Samherji acquired the Bjarni Ólafsson AK 70 from Síldarvinnslan. The 67-metre vessel carries nearly 2,000 tonnes, uses purse seines and pelagic trawls, and has begun herring fishing.
It will be renamed in Akureyri and prepared for the capelin season.
The Korea Fisheries Resources Agency released 330,000 filefish juveniles off Jeju between September 30 and October 8, following 506,000 earlier this year.
Genetic analysis found 29% of sampled catches originated from releases, supporting stock recovery and fishermen's incomes.
Brussels sources say that even extending the agreement—which expires in a month—would not prevent a stoppage that could last until February.
Barring an unexpected turn of events, the European fleet fishing in Mauritania will have to return to port on November 14. *La Voz* has learned that negotiations are at a standstill; at this stage, not even an extension of the current agreement would avert a stoppage that, at the earliest, might not end until February 2027.
Author: Jose G. Santalla / La Voz de Galicia | Read the full article here
Norway's average fresh salmon export price fell 1.7% in week 41 to NOK 72.55 (€6.80) per kilogram, according to figures published by Statistics Norway on Wednesday.
The price was down from NOK 73.80 (€6.92) the previous week and 3.8% below the NOK 75.38 recorded in the corresponding week of 2025.
Fresh salmon export volumes fell 7.6% week on week to 27,982 tonnes, compared with 30,277 tonnes in week 40.
Source: SalmonBusiness | Read the full article here
Simeulue Consolidates a Direct Fresh Seafood Route to Japan Indonesia
The Indonesian island completes its second commercial shipment in two months, mobilizing octopus and fresh fish under strict sanitary standards and reinforcing its public cold chain as a key driver of...
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JAPAN.png)
ARGENTINA
CHINA.png)
EUROPEAN UNION
EM4SSF uses GPS tracking to support sustainable fishing across five European countries.
FIJI.png)
ICELAND
The east Iceland farmer said 10 days ago that the attack had negatively affected its biological production and financial position.
Investment to boost fisheries technology, automation and international expansion..png)
SOUTH KOREA
Restocking program shows promising results
MAURITANIA
Brussels sources say that even extending the agreement—which expires in a month—would not prevent a stoppage that could last until February.
NORWAY
Norway's average fresh salmon export price fell 1.7% in week 41 to NOK 72.55 (€6.80) per kilogram, according to figures published by Statistics Norway on Wednesday.
