IN BRIEF - Papua New Guinea Government Commits K80 Million Investment to New Kumul Fisheries Joint Venture
PAPUA NEW GUINEA
Monday, May 12, 2025
Strategic partnership with RD Corporation aims to establish a major fishing cannery in Madang, boosting local employment and the national seafood processing capacity.
Port Moresby, Papua New Guinea – The government of Papua New Guinea has pledged a significant investment of K80 million (approximately USD 22.5 million) in the newly established Kumul Fisheries Ltd, according to the Minister for International Trade and Investments, Richard Maru. This commitment was announced during the signing of a Memorandum of Understanding (MoU) with RD Corporation in Port Moresby on Friday, signaling a strong governmental push to expand the nation's seafood processing capabilities.
Minister Maru expressed confidence in the swift finalization of the shareholder's agreement following the MoU signing. The joint venture structure for Kumul Fisheries Ltd involves key stakeholders including Kumul Consolidated Holdings (representing the State with a 40 percent stake), the Madang Provincial Government (5 percent), Madang District (2.5 percent), Sumkar District (2.5 percent), and RD Fishing Company (holding the majority share at 50 percent).
Public-Private Partnership model to drive sustainable aquaculture development, address fingerling shortages, and boost Liberia's fisheries sector.
KLAY, Bomi County – The Government of Liberia, through its National Fisheries and Aquaculture Authority (NaFAA), has partnered with the World Bank to launch a significant initiative aimed at transforming the nation's aquaculture sector and bolstering food security. A groundbreaking ceremony was held in Klay, Bomi County, to mark the commencement of the reconstruction of a modern fish hatchery.
This pivotal project is a key component of the US$40 million Liberia Sustainable Management of Fisheries Project (LSMFP), a collaborative effort signed in 2021 focused on strengthening fisheries management practices and supporting livelihoods within the sector.
During the groundbreaking ceremony held over the weekend, NaFAA Acting Director General Cyrus Saygbe outlined the strategic operational model for the facility. He stated that the hatchery will function under a Public-Private Partnership (PPP) framework, with NaFAA undertaking a competitive recruitment process to select a capable private firm to manage its operations.
Saygbe emphasized that the establishment of this modern hatchery is a direct response to long-standing challenges faced by local fish farmers in Liberia.
This market is not only a priority because of its volume, but also because Chilean salmon has become a regular part of the diet of millions of American households, along with chicken, beef, pork, and other seafood products.
The Chilean Salmon Council led an official visit to the Terramar Chile facilities, located in the municipality of Coronel, Biobío region, with the aim of highlighting the key role this company plays in the national salmon farming value chain and strengthening trade ties with the United States.
The Government is preparing a royal decree that will develop Title V of the Sustainable Fishing and Fisheries Research Law (5/2023), which affects fishery resource management measures. This refers to all provisions aimed at rationalizing, distributing, and consuming the fishing rights that correspond to Spain in the distribution of total allowable catches (TACs) and quotas. In other words, it covers the allocation of fishing opportunities per vessel and species, as well as quota exchanges, fishery closures and fishing reserves, the transfer of quotas between vessels, joint management, and the optimization mechanism.
Source: La Voz de Galicia l Read the full article here
Significant reforms are needed on salmon farms to better protect the environment and give farmed fish a good life, according to the charity behind the leading organic standards for the industry.
The Soil Association, which sets standards for certified organic salmon, has warned it will withdraw from the sector if “meaningful progress” is not delivered in the next year.
The charity has just finished an 18-month review looking at welfare and environmental problems facing salmon farms across the entire Scottish salmon farming industry
Algae has led to a large number of salmon deaths in northern Norway, the authorities are reporting.
The Institute of Marine Research, which is monitoring the spread, said it is receiving reports of increased mortality.
Last week it was reported that the company Nordlaks had been seriously affected and had been forced into slaughtering several hundred thousand salmon. The problem is spreading, with several farms being affected.
Nordlaks CEO Eirik Welde told his local newspaper the Lofoten Post that it was very hard to see so many fish die.
Author: Vince McDonagh / Fish Farmer l Read the full article here
The Asian Development Bank (ADB) has awarded Thai Union Group a USD 150 million (EUR 133 million) loan, which the latter said it will use to source sustainable shrimp.
The funding will be used to help expand Thai Union’s sourcing of certified sustainable shrimp, one of the pillars of the company’s SeaChange 2030 global sustainability strategy designed to reach net zero greenhouse emissions by 2050. According to Thai Union, shrimp will be considered sustainable if they are produced under schemes certified by the Global Sustainable Seafood Initiative (GSSI) or sourced from producers enegaged in credible Aquaculture Improvement Projects (AIPs).
Author: Nathan Strout / SeafoodSource l Read the full article here
Barcelona – The participation of the Organization of Mussel Producers of Galicia (Opmega) in the Seafood Expo Global fair, held in Barcelona from May 6 to 8, concluded with resounding success. The organization attended with the aim of consolidating commercial relationships, showcasing the work of its members, and opening new avenues for collaboration, all of which were more than fulfilled.
During the three days of the fair, the Opmega stand received visits from numerous clients, suppliers, distributors, and institutional representatives, including representatives from the Consellería do Mar (Regional Ministry of the Sea), who showed their support for the sector and the work carried out by the organization.
The Opmega board of directors maintained an intense schedule of meetings, both commercial and institutional, in which they were able to highlight the quality of Galician mussels and the producers' commitment to sustainability and innovation. The video shown at the stand, subtitled in English, offered a detailed look at the cultivation process, from seed collection to hanging on rafts, sparking the interest of visitors from different countries.
One of the elements that generated the most attention was the presentation of ready-to-eat mussel trays, a format that is already successful in the national market and is beginning to consolidate internationally as well, due to its convenience, quality, and respect for the original product.
AquaChile Boosts Results with Strong Sales and Profits During Q1 2025
AquaChile, the aquaculture unit of Agrosuper and a leading salmon producer nationwide, submitted its consolidated financial statements for the first quarter of 2025 to the Financial Market Commission (CMF).
During this period, the company achieved sales of US$501 million, representing a 10.9% increase compared to the US$451.7 million obtained in the same period in 2024.
This performance was accompanied by a significant improvement in the operating margin.
With 51,217 square meters of exhibition space, 2,187 exhibiting companies from 87 countries, and 68 national pavilions, the Seafood Expo Global/Seafood Processing Global, one of the world's largest seafood trade events, concluded its 31st edition this Thursday with over 35,000 industry professionals in attendance. This was announced by Diversified, the event organizer.
"The exhibition was full of energy throughout the three days, establishing itself as a true international meeting point for the global seafood industry to achieve its annual business objectives," concluded Wynter Courmont, Vice President of Seafood at Diversified.
Source: iPac.acuicultura l Read the full article here
ASC chief executive Chris Ninnes presented the certification to Stolt president Jordi Trías at the Seafood Expo Global in Barcelona yesterday, commending the company’s commitment to environmental and social responsibility across its nine turbot farms.
Source: fishfarmingexpert l Read the full article here
PAPUA NEW GUINEA
Port Moresby, Papua New Guinea – The government of Papua New Guinea has pledged a significant investment of K80 million (approximately USD 22.5 million) in the newly established Kumul Fisheries Ltd, according to the Minister for International Trade and Investments, Richard Maru. This commitment was announced during the signing of a Memorandum of Understanding (MoU) with RD Corporation in Port Moresby on Friday, signaling a strong governmental push to expand the nation's seafood processing capabilities.
LIBERIA
CHILE
This market is not only a priority because of its volume, but also because Chilean salmon has become a regular part of the diet of millions of American households, along with chicken, beef, pork, and other seafood products.
SPAIN
The Government is preparing a royal decree that will develop Title V of the Sustainable Fishing and Fisheries Research Law (5/2023), which affects fishery resource management measures. This refers to all provisions aimed at rationalizing, distributing, and consuming the fishing rights that correspond to Spain in the distribution of total allowable catches (TACs) and quotas. In other words, it covers the allocation of fishing opportunities per vessel and species, as well as quota exchanges, fishery closures and fishing reserves, the transfer of quotas between vessels, joint management, and the optimization mechanism.
UNITED KINGDOM
Significant reforms are needed on salmon farms to better protect the environment and give farmed fish a good life, according to the charity behind the leading organic standards for the industry.
NORWAY
THAILAND
The Asian Development Bank (ADB) has awarded .png)
AquaChile Boosts Results with Strong Sales and Profits During Q1 2025
With 51,217 square meters of exhibition space, 2,187 exhibiting companies from 87 countries, and 68 national pavilions, the 
Land-based fish farmer 
