IN BRIEF - Starting today fishing vessel owners will be paid within 24 hours: President
MALDIVES
Tuesday, December 10, 2024
President Dr. Mohamed Muizzu says as per his pledge starting today the payment of fish catch would be deposited to the fishing vessel owner's accounts within 48 hours.
He made these remarks while addressing the residents of Kaafu Gaafaru today.
The President said the fishing industry is an industry that this government is giving high priority to develop.
Noting that the government owed around MVR 225 million to fish vessel owners when he took office, the President said his administration has now paid these dues. He further indicated that around MVR 100 million has been paid as oil subsidies to the fish vessel owners.
However, the President noted that this was not what he had promised during the Presidential Campaign and that he had pledged to pay the fishermen within 48 hours after they weighed their catch. The President said that despite the backlog of payments, the administration will begin implementing his pledge to the fishermen starting tomorrow.
He also assured that the MVR 38 million for the past 14 days will be handed over to the boat owners today and there will be no backlog.
The President that a vital agreement has been reached between the Finance Ministry, MIFCO, and the Bank of Maldives yesterday that would allow the government to deposit payments to fishing vessels that have bank accounts at the BML within 28 hours.
President Muizzu thanked BML and assured fishing vessels with accounts at the Maldives Islamic Bank that he would find alternative paths for them.
Nearly 7,000 verified environmental and social improvements were recorded at Aquaculture Stewardship Council-certified farms around the world in 2025, according to the ASC’s newly published 2025 Impact Report.
The report also reveals there were 2,543 ASC-certified farms across 51 countries operating last year, and that more than 2.9 million tonnes of ASC-certified seafood was produced, up 9% year-on-year.
The number of ASC-certified feed mill sites reached 91, up from 22 in 2024, and there were 30,236 ASC-labelled products available globally.
Source: fishfarmingexpert | Read the full article here
Regional agencies seek closer coordination on management, monitoring and control
Bulgaria and Romania discussed joint action with the GFCM and Ukraine, sharing expertise and improving fisheries management, inspections and monitoring across the Black Sea.
Measure targets imports and strengthens inspections and labeling
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Ecuador, now supplying over 40% of U.S. shrimp imports, shipped 316 million lb in H1 2026.
The Galician company retains ownership of its frozen products division. The Ecuadorian firm, specializing in Vannamei shrimp, is advancing its expansion across Europe.
Nueva Pescanova has completed the sale of its chilled products business in France to the Ecuadorian group Omarsa, a specialist in the production and vertical integration of Vannamei shrimp. The transaction is part of a strategic asset review launched by the Galician seafood company earlier this year to improve efficiency and boost value creation following a return to profitability—posting a profit of €1.1 million on revenues of €1.035 billion.
Author: Alejandra Pascual / La Voz de Galicia | Read the full article here
Universo TUNI teaches primary pupils about fishing, oceans and responsible consumption
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Plan targets youth training, farm deployment and entrepreneurship
Olam Nigerian Limited seeks an NYSC partnership to deploy more corps members to aquaculture farms, especially in Kwara State. About 200 members already work with Olam.
The plan includes training, nationwide farmer placements and Bank of Industry support for graduates to launch businesses.
Norwegian regulators are moving towards a more coordinated inspection model for salmon farming.
The Norwegian Directorate of Fisheries and the Norwegian Food Safety Authority, Mattilsynet, said they had carried out a joint inspection campaign in production area 4, stretching from Nordhordland to Stad.
The operation was risk-based and brought the two agencies together to follow both fish and documentation across different parts of the production chain.
Source: SalmonBusiness | Read the full article here
Ross-shire firm highlights responsible growth as a model for aquaculture
Aquascot, based in Alness, became Scotland’s first seafood processor certified B Corp. The salmon and trout supplier to Waitrose says the milestone shows commercial success can combine with animal welfare, environmental management and responsible aquaculture.
Official figures reveal a huge increase in escaped farmed fish during 2025.
Scotland recorded 86,606 farmed fish escapes in 2025, up from just 301 in 2024. The surge was driven by about 75,000 salmon escaping into Loch Linnhe after storms damaged a Mowi farm. The figures have renewed concerns over interactions between escaped farmed salmon and vulnerable wild stocks.
MALDIVES
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Nearly 7,000 verified environmental and social improvements were recorded at 
BULGARIA.png)
Regional agencies seek closer coordination on management, monitoring and control
ECUADOR
Measure targets imports and strengthens inspections and labeling
SPAIN
The Galician company retains ownership of its frozen products division. The Ecuadorian firm, specializing in Vannamei shrimp, is advancing its expansion across Europe.
Universo TUNI teaches primary pupils about fishing, oceans and responsible consumption
NIGERIA
NORWAY
Norwegian regulators are moving towards a more coordinated inspection model for salmon farming.
UNITED KINGDOM
Ross-shire firm highlights responsible growth as a model for aquaculture
Official figures reveal a huge increase in escaped farmed fish during 2025.
