Reference is made to the stock exchange announcements by Salmon Evolution ASA ("Salmon Evolution" or the "Company") on 18 June 2024, regarding the successful private placement of approximately NOK 365 million and the increase in bank facilities with NOK 675 million.

The Company has taken the final investment decision for Indre Harøy phase 2 and has accordingly signed an agreement with Artec Aqua and Hent, in which the phase 2 grow-out project moves into the construction phase. Mobilization will commence shortly, with planned construction starting during Q3 2024. In parallel the Company is proceeding with the planning and engineering for the additional tank capacity. As previously communicated no final decisions or agreements are entered into for this part of the phase 2 project.

“We are now creating a foundation for substantial profitable growth, and with phase 2 in full operation we will have a strong cash-flow generating platform with significant annual investment capacity”, CEO of Salmon Evolution ASA, Trond Håkon Schaug-Pettersen said.

Omega Azul to reach 3,000 tons per year within five years

Omega Azul, which operates amberjack farming in northwestern Mexico, announced on the 13th that it plans to increase amberjack production to 3,000 tons per year within the next five years. The current production volume is 450 tons. The company aims to expand its business to meet growing demand.

Last year, the company merged with Amberjack Farm Mexico, which was also engaged in amberjack farming. The company has acquired offshore assets, land-based production licenses, parent fish and hatchery equipment, processing facilities, super freezers, and a catalog of amberjack genes [....]

Source: Minato-Yamaguchi (translated from original in Japanese)

The most representative organizations in the fishing, aquaculture, processing and marketing sectors of our country will once again request the Government to eliminate or reduce VAT on fishing products. The sector will make this request following the announcement made by the Council of Ministers to extend from July 1 the tax reduction for basic foodstuffs, among which, once again, fishing vessels are not recognized as such. The claim has been supported by Conxemar, Anfaco-Cecopesca, Aecoc, Apromar, Arvi, Cepesca, Fedepesca, Fenamar and the Fncp, among others.

The sector will also ask the Government to explain and argue the reason for this repeated decision that distances consumer access to a quality diet, even more so in the case of the most disadvantaged social strata.

Source: Alimarket l Read the full article here

iItaly, Germany, Poland, Netherlands, Cyprus and Denmark are the six largest European markets for canned tuna imports from Vietnam

The European Union recorded significant growth in canned tuna imports from Vietnam in the first five months of 2024. Canned tuna accounts for almost 49% of the total turnover of tuna exports from Vietnam to the EU, a 33% more than in the same period of 2023, reaching more than 43 million dollars. The increase in imports highlights the EU's growing interest in this market segment.

Source: EuropaAzul l Read the full article here

Hilton Food Group-owned Foppen Seafood has issued a recall for one lot number of toast slices sold in Kroger grocery stores.

The recall is for Smoked Norwegian Salmon Slices – toast-sized in 8.1-ounce packages, identified by lot number 412 and sold in Kroger and Payless Supermarkets across 15 U.S. states. 

The Harderwijk, Netherlands-based smoked salmon brand said the listeria was found during routine testing. The affected lot was distributed to Kroger and Payless Supermarkets stores in Alabama, Arkansas, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, Mississippi, Ohio, South Carolina, Tennessee, Texas, and West Virginia.

Author: Cliff White / SeafoodSource l Read the full article here

Bluefront Capital II, the second fund managed by seafood investor Bluefront Equity, has bought Fiizk Digital AS for an undisclosed sum.

Fiizk Digital delivers digital solutions that enable fish farmers to conduct strategic production planning through optimising both biological and financial conditions.

Fiizk Digital has more than 20 years’ experience from development and production of digital solutions for the seafood industry. The company’s main product, named “Horizon”, consists of various applications that cover everything within biological and financial planning, strategic and tactical optimisation, presentation of historical data, budgets and rolling forecasts that are integrated with customers’ other solutions. 

Source: fishfarmingexpert l Read the full article here

Despite record revenues and high salmon prices last year, the north Norwegian salmon farmer Nordlaks was left with greatly reduced profits.

The company is firmly blaming higher taxes for the slump in its profitability in 2023.

Nordlaks had a turnover of NOK 4.82bn (£360m) in 2023, representing an increase of NOK 372m (almost £28m) from the previous year. This was mainly due to higher prices and a weaker krone, which increased the value of its foreign earnings.

Author: Vince McDonagh / Fish Farmer l Read the full article here

After a good first anchovy fishing season in the north-central area of ??the country, which allowed thousands of workers to regain employment, the recovery process of the sector began, which was hit hard in 2023. In this context, industrial fishermen ask take care of the anchovy resource within 5 miles – which is the space where its reproductive cycle develops most frequently – in order to make up for late economic commitments and have a good second season.

On the other hand, for the Single Union of Fishermen of New Fishing Vessels (Supnep), allowing the smaller-scale fleet to extract the anchovy resource throughout the year

Source: aqua.cl l Read the full article here

The percentage of international affiliates has increased from 5.9% to 9.4% in just a decade

The Senegalese, in the lead

The lack of labor is an entrenched problem in many traditional sectors, and among them the sea sector. Taking a look at the history of affiliations serves to verify how deep it is and what its impact has been on the activity, which has been reduced in line with the loss of employment.

Source: Faro de Vigo l Read the full article here

There had been delays to the newbuild’s delivery, due to the ongoing hostilities in Ukraine and delayed deliveries of equipment, but Kjell-Gunnar Hoddevik and business partners Johnny Årvik and Jan-Ove Langeland have now received the seine netter from Karstensens Skibsværft

These are enterprising fishermen, who established Atlantic Seafish AS with older vessels, before investing a few years ago in the first new vessel in the Norwegian fleet to take advantage of changes in regulations allowing new gear combinations. 

Source: Worldfishing l Read the full article here