Other Media | The Fishing Daily: New Edition of Responsible Fishing Vessel Standard Released
Wednesday, July 27, 2022
Issue 2.0 of the Responsible Fishing Vessel Standard (RFVS) has been published following a 60-day public comment period and board approval, the Global Seafood Alliance (GSA) announced on July 25.
RFVS Issue 2.0 replaces Issue 1.1. Lessons learned during certification pilots as well as feedback provided by industry partners were applied to Issue 2.0 in an effort to strengthen its credibility as a global assurance of crew rights and welfare onboard certified fishing vessels.
Source: TheFishingDaily | read the full articlehere
The initial public offering (IPO) of Mukka Proteins will open for subscription on Thursday. The issue closes on March 4. Through the public offer, the company plans to raise around Rs 224 crore (U$D 27M). Here are 10 things to know about Mukka Proteins IPO before subscribing to the issue.
1) What is the business overview of Mukka Proteins?
The company manufactures fish meal, fish oil and fish soluble paste, an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer) and pet food (dog and cat food).
2) What is the industry overview of Mukka Proteins?
Fish meal is predominantly used as a rich source of protein in compound feeds. The demand for fish meal and fish oil in India is driven by the aquaculture industry. The production of fish meal and fish oil depends on the natural availability of fishes and prevailing climatic conditions. In value terms, the industry is expected to grow at 5-9% between fiscal 2022 and 2026 reaching Rs 1600-2000 crore (U$D 190- 267M.
3) What is the size of Mukka Proteins IPO?
The IPO is completely a fresh equity issue of 8 crore shares (965,165) with no offer for sale segment.
4) What is the price band for Mukka Proteins IPO?
Mukka Proteins has fixed a price band of Rs 26-28 per share (U$D 3.1-3.4M for its maiden public offer. At the upper end, the company plans to raise Rs 224 crore (U$D 27M).
Tokyo (Jiji Press)--Japan's Fisheries Agency is planning to oblige fishery operators to report the number of Pacific bluefin tuna they catch while toughening penalties for a breach of the obligation to prevent illegal fishing.
The agency thinks it necessary to strengthen the management of tuna in response to the revelation in 2021 of the illegal distribution of bluefin tuna caught off Oma, Aomori Prefecture, northeastern Japan.
On Tuesday, the agency obtained approval of draft legislation needed to take the measures at a meeting of the ruling Liberal Democratic Party. It hopes that the legislation will be enacted during the current parliamentary session ending in June.
The reporting rule will target bluefin tuna weighing 30 kilograms or over. Fishery operators will be obliged to report the exact number of such bluefin tuna caught to local governments, in addition to the total catch volume as currently required.
Fishery operators will also be obliged to create and keep records of the names of fishing vessels, the dates of landing, and the weight of each fish.
2024 Fisheries Agency guidelines remain unchanged for red sea bream
Domestic supply of farmed yellowtail reduced by 15% to 85,000 tons in 2024; Fisheries Agency guidelines leave red sea bream unchanged
On the 26th, the Fisheries Agency held a farmed fish supply and demand review meeting (chaired by Kagoshima University Professor Masaaki Sano) within the agency and set the domestic supply of farmed fish for the 2024 fishing season (excluding exports) at 85,000 yellowtails as guidelines for aquaculture production. 60,000 tons for red sea bream and 30,000 tons for amberjack.
The guidelines present domestic supply as an amount that is in balance with domestic demand
Source: Minato Yamaguchi (translated from original in Japanese)
In the first month of 2024, Vietnam's seafood exports increased again by 48% over the same period. During this period, Japan, the US, Korea, the EU, China & HK, and Thailand are the 6 largest import markets for Vietnamese seafood.
Author/Source:/ VASEP (translated from original in Vietnamese)
Russian President Vladimir Putin signed a law allowing for faster receipt of tax deductions for fees for the use of aquatic biological resources.
Changes to the Tax Code of the Russian Federation will make it possible to apply the deduction not a year after the development and processing of aquatic biological resources, but after the extraction or catching of aquatic biological resources and the production of products with high added value from them. At the same time, funds within the established amount of the deduction will be retained in the circulation of fish producers - payers of the collection.
Vladimir Putin and Sergei Mitin
“Companies could receive such a deduction only in the third year after processing the catch. Now this period will be shortened. It will be possible to apply for the deduction based on the results of the extraction and processing of biological resources and apply it when applying for the next permits. The transfer of unused deductions to the next year also continues,”Sergei Mitin, First Deputy Chairman of the Federation Council Committee on Agricultural and Food Policy and Environmental Management, commented on the document.
In addition, restrictions on the one-time use of the deduction within 2 years by fee payers are eliminated. And the period for applying the deduction is 2 calendar years, according to the new law.
The amount of frozen octopus imported into Korea in January 2024 was 268 tons, down 29% from 378 tons in the same period of the previous year, 2023, accounting for 0.32% of the total seafood imports of 84,073 tons, and 233 tons were imported the year before last.
As of January, 131 tons, or 49% of the total, of frozen octopus were imported from Mauritania, 83 tons from China, 19 tons from the Philippines, and 17 tons from Indonesia.
The import price by country was the highest in Mauritania at USD 9.15/kg, the lowest in China at USD 6.98/kg, and the Philippines at USD 6.37/kg. The import amount was USD 1.89 million, down 37% from USD 3.01 million in the same period last year. .
The average import price of frozen octopus in January was USD 7.08/kg.
French fishermen fear that the ban to protect dolphins will last four months in 2025. On February 20, DG Mare informed the MEPs of the Fisheries Committee of the European Parliament that Brussels intends to tighten fishing bans in the Bay of Biscay starting next year. This statement surprised the French National Fisheries Committee, which on Friday the 23rd sent a letter to the President of the European Commission, Ursula Von der Leyen.
Anfaco-Cecopesca celebrates 120 years today after its founding on February 28, 1904 as the Union of Canned Food Manufacturers of the Ría de Vigo. What is the oldest entity in Spain's sea-industry complex continues to broaden its aspirations with the approval of a new strategic plan for the years 2024-2026, “Leading in times of uncertainty”, which seeks to consolidate and expand the base of the organization.
The canning association takes stock of its journey since its creation and highlights as one of the most profound transformations the expansion of its own sectorial scope, from its roots with canned fish and seafood to all industries related to seafood.
Source: Industrias Pesqueras | Read the full articlehere
European fisheries body Europêche has called upon European policymakers to rework elements of the E.U.'s Common Fisheries Policy (CFP), including strengthening its socioeconomic and food security sections and ensuring the European seafood industry is maintains its competitiveness internationally.
Alongside these requests, in a recent meeting with member states in preparation for the next legislative term of the European Parliament, Europêche reiterated its issues with E.U. nature protection rules and the implementation of the bloc’s fisheries control system, calling for an “urgent surgical revision” of failed E.U. policies such as its landing obligation.
Author: Jason Holland / SeafoodSource | read the full article here
The shortlist for the Aquaculture Awards 2024, announced yesterday, has been drawn from a record number of entries, up more than 20 per cent on last year’s awards.
With almost 100 nominations reflecting the wide range of talent across the sector, the judges had a particularly difficult task selecting winners this year.
The awards, to be presented on May 15 at a gala dinner during Aquaculture UK in Aviemore, include 13 separate categories covering everything from innovation to community initiative, sustainability to animal welfare, and the best of the suppliers and new start-ups.