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.
Yesterday morning maritime authorities in the Aysén region of Chile received a report that the wellboat Vali had run aground after hitting rocks
At the time, the vessel - operated by Naviera Detroit Chile - was carrying out work for the Serrano fish farm at Isla Verdugo, about 18 nautical miles southeast of Melinka in the Aysén region.
According to the Chilean Navy, the 63-metre-long vessel began taking on water after the grounding.
Source: fishfarmingexpert | Read the full article here
The European Parliament's Fisheries Committee backed Carmen Crespo's proposal by 21 votes to 4.
It calls for at least 180 fishing days annually, greater flexibility for mixed fisheries, socioeconomic criteria and revised red shrimp management to protect fleet viability.
New limits and restrictions take effect October 15.
The rules cap bycatch at 10% per haul (5% for shrimp). Exceeding these limits triggers a 60-hour fishing ban within 5 nautical miles.The regulation also protects corals, sponges and crabs, bans shark finning, and strengthens sampling, reporting and landing requirements.
Lerøy Seafood Group has introduced poultry byproducts into feed at all its offshore salmon farms, while Mowi is preparing to adopt similar ingredients at its operations in Norway and Scotland.
The developments were reported by the Financial Times on Thursday, which said Europe's largest salmon producers are turning to processed chicken byproducts as rising fishmeal prices increase pressure on feed costs.
Grieg Seafood introduced chicken meal and oil in July, while SalMar began testing poultry-based feed in March, according to the newspaper.
Fishmeal prices have almost doubled over the past two years
Source: SalmonBusiness | Read the full article here
Record ocean warming, declining anchoveta stocks and fishing restrictions threaten jobs, exports and global aquaculture supplies.
The 2026 Super El Niño has severely disrupted Peru's anchoveta fishery.
The Central Bank forecasts a 30.7% contraction and 78,000 job losses, while fishmeal prices have reached US$3,500/tonne, increasing costs for global aquaculture.The vast majority of the anchoveta industry is concentrated off the coast of north-central Peru, and it is hard to overstate how economically significant this fish is
Nearly 200 Vietnamese aquaculture stakeholders have met in Can Tho to discuss certification changes and prepare for ASC’s new Farm Standard
The Aquaculture Stewardship Council (ASC) is stepping up support for Vietnam’s aquaculture industry as producers prepare to transition to its new Farm Standard.
Almost 200 producers, processors, exporters and other industry stakeholders gathered at an event in Can Tho to discuss implementation challenges, understand the new requirements and seek practical guidance from ASC experts.
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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