OTHER MEDIA | FishFarmingExpert: Bankruptcy threat lifted from Nova Austral
CHILE
Wednesday, August 14, 2024
A bankruptcy order imposed on debt-laden Chile salmon farmer Nova Austral on May 13 has been reversed on appeal, allowing a judicial reorganisation of the company to go ahead.
Judge Pablo Aceituno, sitting in the Court of First Instance and Guarantee of Porvenir, declared the Norwegian-owned company bankrupt following complaints from two creditors who claimed they had been unfairly treated in the reorganisation. The creditors were feed producer Nutreco, which is owed US $23 million, and smolt supplier Salmonera Dalcahue Limitada.
Author: Jonathan Garcés / FishFarmingExpert | Read the full articlehere
The salmon farming company signed an agreement to use biogenic liquefied gas, reducing CO2 emissions in its logistics operations from the Los Lagos region.
With the signing of an agreement with Transportes GLA and Lipigas for the use of biogenic liquefied gas (BIO-LNG), Cermaq Chile became the first company in the national aquaculture industry to incorporate fuels from renewable sources into its land transport operations.
The milestone was reached at Cermaq Chile's processing plant in Quemchi, with the presence of the mayor of the municipality, Javier Ugarte, and the collaboration of the Center for Transportation and Logistics of Andrés Bello University.
Tiemenguan, Xinjiang – A full-chain layout for the salmon industry is injecting fresh economic vitality into the edge of the Taklamakan Desert.
At the salmon aquaculture base near the Shimen Reservoir in Nantung Town, 38th Regiment, of the Xinjiang Production and Construction Corps' Second Division, workers are actively conducting sample checks on the growing salmon.
Located at the foot of the Kunlun Mountains, Nantung Town benefits from the unique natural conditions provided by the winding Karamilan and Moleche rivers, creating an ideal foundation for specialized aquaculture.
Kunyue Aquaculture Co., Ltd. in Tiemenguan City has invested over 10 million yuan (approx. $1.4 million USD) in the project, with the base currently housing 130,000 salmon fry.
The company is focused on building a comprehensive "Aquaculture + Processing + Cultural Tourism" integrated industry model. This includes the planned construction of a salmon processing plant and a salmon-themed experience hall. This strategic expansion aims to widen the value-added space, drive employment, increase local income, and support the optimization and upgrading of the region's industrial structure.
Nordic Aqua Partners completes Chinese equity investment and refinancing package.
Nordic Aqua Partners has completed a co investment deal into its Chinese subsidiary, Nordic Aqua (Ningbo) Co., Ltd., alongside a refinancing of the subsidiary’s long term debt, in a move the company said strengthens the capital structure and provides longer term funding visibility for its next growth phase.Under the co investment agreement, Ningbo Ocean Development Group Co., Ltd. and Xiangshan Strait Economic and Technological Cooperation Co., Ltd., two Chinese state owned entities, have invested a combined RMB 300 million for a 20% stake in Nordic Aqua Ningbo. Nordic Aqua Partners said it remains the majority owner.
Source: SalmonBusiness | Read the full article here
International experts in one of the marine economy’s most promising fields gathered in Riga, Latvia last week for AlgaEurope 2025.
The AlgaEurope conference, held over 9-12 December, was dedicated to exploring the latest academic research and commercial possibilities in algae biomass.
Riga welcomed 382 delegates from 38 countries and 236 organisations, reflecting sustained global engagement from the algae community.Jointly organised by the European Algae Biomass Association (EABA) and DLG Benelux, the conference continued to build on its reputation as a pivotal gathering for experts across science, technology, and industry.
The INEI attributes the 3.62% year-on-year growth in October to the boost from fishing and mining, with a strong rebound in fish processing.
The Peruvian economy once again relied on its traditional engines to accelerate its growth. In October, the country's economic activity grew by 3.62% year-on-year, a sustained advance driven by the improved performance of sectors such as fishing, mining, and hydrocarbons, according to data released by the National Institute of Statistics and Informatics (INEI).
Salmon farmers are poised to take advantage of a new free trade deal between the UK and South Korea, which is expected to provide a boost to Scottish exports.
The deal secures permanent tariff-free access for UK goods to the market, and follows high-level talks between the UK and South Korean governments. Scottish salmon exports to South Korea rose more than tenfold from £214,000 in 2015 to £2.25 million in 2019 before trade was hit by the global pandemic.
Norwegian research organization SINTEF has released a report finding that nylon aquaculture nets release five times more microplastics than nets made from other materials.
The release of most microplastics into the marine environment is commonly believed to come from land-based sources, but according to SINTEF, fisheries and aquaculture farms are becoming increasingly reliant on plastic equipment and infrastructure, introducing microplastics directly into ocean waters and contributing both to environmental and seafood contamination.
Author: Emma Prairie / SeafoodSource | Read the full article here
It also loses quotas for monkfish, sole, horse mackerel, and hake, which it maintains along the coast, where it gains anchovy quotas, while in Nafo it obtains more cod.
It was a long time coming, but at three in the morning yesterday, the white smoke emerged from the conclave that had brought together the fisheries ministers of the 27 EU member states in Brussels since Thursday. "A very strange time to finish," commented Luis Planas, Minister of Agriculture, Fisheries and Food, at ten in the morning, when he presented the results to the press of a conclave that lasted longer than expected, but which satisfied the authorities and the Mediterranean fishing sector. Its trawler fleet has been the main focus of "difficult discussions" that concluded with "a positive outcome": an average of 143 fishing days per vessel in 2026, a year in which the European Commission had intended for only 9.
Source: La Voz de Galicia | Read the full article here
The Spanish fishing industry association Cepesca considers the agreement reached in Brussels by the European Union's Council of Fisheries Ministers on Total Allowable Catches (TACs) and quotas for 2026 to be "the best possible outcome for the Spanish Mediterranean fleet in a very adverse negotiating context, marked by initial proposals from the European Commission that were particularly restrictive and out of touch with the socio-economic reality of the sector."
For Cepesca, the result is a "relief" for Mediterranean fishermen that the situation has not worsened, "especially considering the latest proposal to reduce fishing days to 9.6." It also highlights that it allows them to maintain the same level of activity as in 2025, with 143 fishing days and without the imposition of any new additional measures.
Source: Industrias Pesqueras | Read the full article here
SANTIAGO DE COMPOSTELA, GALICIA – The Organization of Mussel Producers of Galicia (Opmega) participated once again in the protest in Santiago de Compostela, reiterating its firm opposition to Altri's proposed large-scale pulp mill.
The producers' association considers this initiative incompatible with environmental protection, the Galician rías (estuaries), and the productive model linked to the sea.
Opmega's delegation was led by its president, Ricardo Herbón, who emphasized that the mussel sector—a fundamental pillar of the coastal economy—cannot ignore a project that generates wide social opposition and raises serious doubts about its impact.
“Galicia cannot take risks that endanger strategic natural resources or activities that sustain thousands of direct and indirect jobs,” the organization stated.
Opmega insists that its future depends on the preservation of water quality and the balance of marine ecosystems. Therefore, they consider it crucial to heed the voices of the affected productive sectors and the repeated citizen mobilization.
The organization reaffirms its commitment to the defense of the sea, environmental sustainability, and a development model compatible with traditional activity and the future of the Galician rías.
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CHILE 12_03_21.png)
A bankruptcy order imposed on debt-laden Chile salmon farmer 
The salmon farming company signed an agreement to use biogenic liquefied gas, reducing CO2 emissions in its logistics operations from the Los Lagos region.
CHINA
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Nordic Aqua 
LATVIA.png)
International experts in one of the marine economy’s most promising fields gathered in Riga, Latvia last week for AlgaEurope 2025.
PERU
The INEI attributes the 3.62% year-on-year growth in October to the boost from fishing and mining, with a strong rebound in fish processing.
UNITED KINGDOM
Salmon farmers are poised to take advantage of a new free trade deal between the UK and South Korea, which is expected to provide a boost to Scottish exports.
NORWAY
Norwegian research organization SINTEF has released a report finding that nylon aquaculture nets release five times more microplastics than nets made from other materials.
SPAIN
It was a long time coming, but at three in the morning yesterday, the white smoke emerged from the conclave that had brought together the fisheries ministers of the 27 EU member states in Brussels since Thursday. "A very strange time to finish," commented Luis Planas, Minister of Agriculture, Fisheries and Food, at ten in the morning, when he presented the results to the press of a conclave that lasted longer than expected, but which satisfied the authorities and the Mediterranean fishing sector. Its trawler fleet has been the main focus of "difficult discussions" that concluded with "a positive outcome": an average of 143 fishing days per vessel in 2026, a year in which the European Commission had intended for only 9. .png)
The Spanish fishing industry association .png)
