IN BRIEF - PRODUCE: Manufacturing GDP grew 6.7% in November 2024, accumulating five months of progress
PERU
Wednesday, January 15, 2025
The Ministry of Production (PRODUCE) reported that Manufacturing GDP grew 6.7% in November 2024, accumulating five months of uninterrupted progress; it would have also contributed S/6,730 million (at constant prices) and contributing 13.3% to the national GDP.
“The growth recorded by the Manufacturing sector in November 2024 is mainly due to the notable increase in the primary industry (fishery products and metal refining). Likewise, it was favored by the growth of the non-primary industry (consumer goods, capital goods and industrial services),” said the head of PRODUCE, Sergio González.
In this way, in the cumulative period from January to November 2024, manufacturing industrial production grew by 3.2% compared to the same period in 2023.
This result would be associated with the greater activity of industrial fishing in the second quarter; favored by oceanographic conditions. Also, the recovery of domestic demand around 3.5% and industrial exports (+10.9%) had an impact.
It should be noted that, regarding the contribution of primary manufacturing, in November 2024 it experienced a notable increase of (+18.1%), driven mainly by the greater production of the fishery products industry (+32.1%) attributable to greater availability of raw materials.
Spain extends fleet compensation until September 30 and increases funding to €35 million
Spanish fishing vessel owners have already received—or are about to receive—the first round of aid to offset the fuel price hikes caused by the war in the Middle East. On June 18, the Ministry of Agriculture, Fisheries and Food published the list of 4,308 vessel owners and 4,650 vessels set to receive an initial payout of €6.8 million. This is part of the €25 million package authorized by the European Commission to help Spain mitigate the additional costs resulting from the conflict. As of today, June 30, the subsidy covers 20 cents per liter—calculated as a flat rate based on average rather than actual consumption—subject to a cap of €200,000 per vessel and €400,000 per owning company.
Source: La Voz de Galicia | Read the full article here
Ibercisa Deck Machinery plays an active role as an equipment supplier in the renewal of the fishing fleet operating in the South Atlantic. The Vigo-based company designs, manufactures, and supplies solutions that integrate marine machinery with onboard energy recovery systems. The integrated design of the entire equipment suite enables greater catch efficiency and superior equipment control.
When designing equipment for fishing vessels in this fishing ground, the harsh conditions and the intense operational demands of the fisheries are taken into account. Furthermore, having a precise control system for the main and auxiliary winches is crucial to maximizing product quality—both during trawling and throughout deck handling, from the stern ramp to the hold.
Source: Industrias Pesqueras | Read the full article here
Belize partners with Satlink to strengthen global fisheries traceability through electronic monitoring
The Belize High Seas Fisheries Unit (BHSFU) has taken a strategic step toward strengthening fisheries oversight and marine conservation by selecting technology company Satlink as the official Electronic Monitoring (EM) provider for its high-seas fleet. This partnership is part of Belize’s broader plan to deploy an Electronic Monitoring Program (EMP) across its distant-water industrial fishing fleet by 2027, enhancing the country’s monitoring, control, and surveillance (MCS) capabilities while improving traceability and alignment with international fisheries standards.
Chinese state-run newspaper Global Times has highlighted Erling Haaland’s role in promoting Norwegian salmon, reporting that the footballer’s advertising campaign has become a social media talking point among Chinese consumers.
The article said Haaland’s endorsement for the Norwegian Seafood Council has generated photos, memes and online discussion across Chinese social media platforms, with users sharing images of promotional displays in supermarkets and asking where the products are available.The campaign, launched in Shanghai on 3 June, features Haaland as an ambassador for Norwegian salmon. Promotional material has been placed in more than 750 retail stores across China through the end of July.
Source: SalmonBusiness | Read the full article here
Salmon farming giant writes off £74m in deal to focus on 'core farming geographies'
Mowi is to sell its salmon farming operations in Atlantic Canada to New Brunswick-headquartered Cooke Inc. for CAD 225 million (£119.4m / NOK 1.573 billion), the companies have announced.
Mowi has operations in New Brunswick, Prince Edward Island, and Newfoundland and Labrador, including freshwater hatchery facilities, sea farming sites and two processing plants. Standing salmon biomass was 9,000 tonnes as of this week.
Source: fishfarmingexpert | Read the full article here
Ahead of the event scheduled for November 30 to December 2, 2026, the XI Congreso Nacional de Acuicultura continues to garner support from companies and institutions linked to the sector's development, cementing its status as a key meeting point for science, innovation, and the national aquaculture industry.
The event, which will take place at the Diego Rivera Theater in Puerto Montt, already has the backing of major players across the aquaculture value chain who have signed on as sponsors in various categories.
SalmoFood is participating in the Diamond category, while the Platinum category includes Veterquímica, STIM, QLF Labs, Sudvet, Benchmark Genetics, Cermaq, Salmones Antártica, Yadran, and Imenco.
Source: MundoAcuicola | Read the full article here
The South Korean government has announced new supply expansion measures to stabilise prices of key seafood items, including mackerel, hairtail and squid, as part of its broader plan to ease the burden of living costs in the second half of the year.
As part of the latest inflation control measures, the government plans to inject a total of KRW 1 trillion in fiscal support to stabilise consumer prices. For seafood, the government said it will directly import 2,000 tons of Norwegian mackerel and redirect part of domestic export-bound mackerel supply to the local market, offering it at around half price.
Hofseth International has increased its holding in Hofseth BioCare above 20% following the company’s NOK 144.5 million (€12.7 million) private placement.
The investment vehicle received 30.4 million new shares at NOK 1.30 each. Subject to shareholder approval of the second tranche, it will own 106.0 million ordinary shares and 16 million non-voting Class B preference shares, representing 20.30% of the company’s share capital and 17.78% of the voting rights.
Source: SalmonBusiness | Read the full article here
Norway’s fish farming industry is set to be one of the beneficiaries of a major ship tunnel project, for which a key contract has now been awarded.
The Oslo-based civil engineering giant AF Gruppen has been awarded a billion kroner (£80m) contract to build the Stad Ship Tunnel, one of Norway’s biggest transport projects.
The Stad Ship Tunnel is a planned 1.7-kilometre (just over one mile) underground passage in Norway designed to allow ships to bypass the highly unpredictable and dangerous Stadhavet Sea, an area in the west of the country which marks the dividing point between the North Sea and the Norwegian Sea.
Author: Vince McDonagh / Fish Farmer | Read the full article here
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“The growth recorded by the Manufacturing sector in November 2024 is mainly due to the notable increase in the primary industry (fishery products and metal refining). Likewise, it was favored by the growth of the non-primary industry (consumer goods, capital goods and industrial services),” 
SPAIN
Spanish fishing vessel owners have already received—or are about to receive—the first round of aid to offset the fuel price hikes caused by the war in the Middle East. On June 18, the Ministry of Agriculture, Fisheries and Food published the list of 4,308 vessel owners and 4,650 vessels set to receive an initial payout of €6.8 million. This is part of the €25 million package authorized by the European Commission to help Spain mitigate the additional costs resulting from the conflict. As of today, June 30, the subsidy covers 20 cents per liter—calculated as a flat rate based on average rather than actual consumption—subject to a cap of €200,000 per vessel and €400,000 per owning company.
Ibercisa Deck Machinery
BELIZE.png)
The Belize High Seas Fisheries Unit (BHSFU) has taken a strategic step toward strengthening fisheries oversight and marine conservation by selecting technology company Satlink as the official Electronic Monitoring (EM) provider for its high-seas fleet. This partnership is part of Belize’s broader plan to deploy an Electronic Monitoring Program (EMP) across its distant-water industrial fishing fleet by 2027, enhancing the country’s monitoring, control, and surveillance (MCS) capabilities while improving traceability and alignment with international fisheries standards.
CHINA
Chinese state-run newspaper Global Times has highlighted Erling Haaland’s role in promoting Norwegian salmon, reporting that the footballer’s advertising campaign has become a social media talking point among Chinese consumers.
CANADA
Salmon farming giant writes off £74m in deal to focus on 'core farming geographies' 
CHILE
Ahead of the event scheduled for November 30 to December 2, 2026, the 
SOUTH KOREA
The South Korean government has announced new supply expansion measures to stabilise prices of key seafood items, including mackerel, hairtail and squid, as part of its broader plan to ease the burden of living costs in the second half of the year.
NORWAY
Hofseth International
Norway’s fish farming industry is set to be one of the beneficiaries of a major ship tunnel project, for which a key contract has now been awarded.
JAPAN.png)
