IN BRIEF - Four major seafood companies see revenue increase for all, three see operating profit increase
JAPAN
Wednesday, November 13, 2024
Consolidated FY2024 April-September period: mixed results for marine products
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[Financial Results] Four major seafood companies see increased revenue for all, three companies see increased operating profits/April-September 2024 consolidated period. Mixed results for seafood products
The consolidated financial results for the April-September 2024 period for the four major seafood and food companies all maintained an increase in revenue, as in the first quarter. All three companies, except Maruha Nichiro, saw an increase in operating profit. While sales in the seafood division were solid, profits were mixed depending on the products handled, such as salmon and trout, which sold well, and pollock paste, which saw a slump in market prices.
Of the top 12 spots held by the freezer and factory trawler fleet, eight are occupied by firms with Galician capital.
Three Galician companies topped this year's ranking for wild shrimp catches in Argentina, according to a report released by the National Undersecretariat of Fisheries. Of the top twelve spots held by the freezer and factory trawler fleet, eight belong to companies with Galician capital: Conarpesa/Wofco (4), Iberconsa (3), and Pesquera Deseado/Profand (1). In this context, the fishing industry of the Patagonian province of Chubut is cementing its undisputed leading role in the South Atlantic, while Galician companies have succeeded in placing their vessels at the top of a list highlighting the industrial groups with the highest landing volumes.
Author: C. Valdez / La Voz de Galicia | Read the full article here
Ottawa backs Newfoundland and Labrador harvesters amid dispute
Fisheries Minister Joanne Thompson said France’s proposed exploratory snow crab fishery off Newfoundland and Labrador caught her by surprise.
Global Affairs Canada is addressing the issue, which the province called “offside.” Thompson expects a resolution soon and said France has issued no new crab licences.
She says France has not issued any new snow crab licences off Newfoundland.
The province is investing $1.2 million in the NL New Harvesters Network, a three-year initiative by FFAW, PFHCB and FHSNL to promote fishing careers, training and recruitment. About one-third of certified harvesters are over 54, raising concerns over future labour shortages.
Orpagu warns crews lack effective social protection
Orpagu says Spain requires contributions for non-resident foreign crews despite lacking bilateral agreements to guarantee benefits. It urges application of ILO Convention 188, in force since 2024, warning owners pay double coverage and some are considering reflagging vessels.
Global trade, digital traceability, consumption and innovation take center stage
The 14th Conxemar FAO MAPA Congress in Vigo will examine how AI, automation and digital traceability are transforming fisheries and aquaculture.
Minister Luis Planas will open the forum, which also features María Neira and the signing of a fisheries and aquaculture MoU between Spain and Namibia.
Indonesia is promoting low-carbon aquaculture to boost tilapia exports to premium markets such as the US and Canada. After being overtaken by Vietnam in 2025, the government aims to regain its global position through higher output, traceability, efficient feed and lower-impact farming.
Japanese industrial group Yanmar has agreed a recommended cash offer for AKVA Group, valuing the Norwegian aquaculture technology supplier’s equity at approximately NOK 5.9 billion (€543 million).
The proposed offer of NOK 161 (€14.81) per share has unanimous board support. Shareholders representing approximately 92% of AKVA’s shares, excluding treasury shares, have committed to accept, subject to customary conditions, the company said in an October 2 stock-exchange announcement.
Source: SalmonBusiness | Read the full article here
A 29-ton longline fishing vessel carrying 11 people capsized 65 km northwest of Chagwi Island, Jeju. Nine foreign crew members—8 Indonesians and 1 Vietnamese—were rescued.
The Korean captain and 1 Indonesian remain missing as Coast Guard, Navy and fishing vessels search the area.
Grieg Seafood is adjusting both its harvesting volume and cost expectations for 2026 following increased mortality at a farm in September.
Grieg Seafood stated in a stock exchange release on Friday that an unexpected algae incident led to gill damage and increased mortality at one of the company's locations.
According to the company, the biology in the sea was good throughout August, before the situation developed negatively at the site during September.
Author: Ole Andreas Drønen / fishfarmingexpert | Read the full article here
The campaign spearheaded by Pesca España, OPPC-3, and OPPF-4 returns to the fair with a new initiative to continue bringing trawl fishing and its products closer to the public—this time with gastronomy and music taking center stage.
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ARGENTINA
Three Galician companies topped this year's ranking for wild shrimp catches in Argentina, according to a report released by the National Undersecretariat of Fisheries. Of the top twelve spots held by the freezer and factory trawler fleet, eight belong to companies with Galician capital: 
CANADA
Ottawa backs Newfoundland and Labrador harvesters amid dispute.png)
SPAIN.png)
Orpagu warns crews lack effective social protection.png)
INDONESIA
Sustainable production targets premium markets
Japanese industrial group 
SOUTH KOREA
NORWAY
Grieg Seafood stated in a stock exchange release on Friday that an unexpected algae incident led to gill damage and increased mortality at one of the company's locations.
