CMA CGM posted a 3.6% year-on-year drop in fourth quarter revenue to $16.89 billion, while earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at $5.69 billion, down 30.9% from the previous year.
Market conditions in the transport and logistics industry continued to deteriorate in the second half of 2022, the group said, citing geopolitical tensions, macroeconomic uncertainty, and a sharp decrease of freight rates.
To address these challenges, CMA CGM said it reinvested almost 90% of its 2022 net profits in its industrial assets and capabilities, strengthened its balance sheet and enhanced its financial flexibility.
Full year revenue for 2022 stood at $74.5 billion, a 33% increase from 2021, while EBITDA came to $33.3 billion, up 44.2% year-on-year.
Earlier this year, Frosta, a leading German manufacturer of frozen products, launched NPD vegan fish fingers across major German retailers, after three years of development.
Frosta, which reported increased sales of its brand of frozen foods in 2022, said that part of the success came from its plant-based innovations, such as vegan Asian street food dishes.
Additionally, despite the overall frozen fish market sharply declining sales, Frosta’s fish sticks were “the darlings of the public,” becoming an increasingly popular choice among consumers, reported the company.
Described as “indistinguishable” from the classics, the vegan product targets the growing flexitarian consumer in Germany. It is manufactured at an exclusive production line at Frosta’s facility in the seaside town of Bremerhaven.[continues...]
Mitsubishi Shipbuilding, a member of the Mitsubishi Heavy Industries Group, has partnered with Winter Tool Gas & Diesel (WinGD), a Swiss licensor of large marine engines, to supply an ammonia fuel supply system for a large low-speed two-stroke marine engine. low speed development by WinGD Begin to study the technology to be developed.
Image: From left to right: Dominik Schneiter, WinGD Vice President of R&D, Klaus Heim, WinGD CEO, Toru Kitamura, Mitsubishi Shipbuilding Co. President and CEO, Manabu Kawakado, CEO, Head of Engineering Center Mitsubishi Shipbuilding Co. Marine
The two companies signed a memorandum of understanding (MOU) at WinGD headquarters on the 2nd, and MHI announced it on the 5th. WinGD is currently developing a large low-speed ammonia-fired 2-stroke marine engine "X-D
MOUNT VERNON, Wash. (AP) — A lawsuit filed by a Washington oyster farmer accusing a former county deputy of falsifying an arrest report and urging a person to lie during a domestic-violence investigation has been settled for $250,000.
Gerardo Rodarte, the owner of Samish Gold Seafoods, sued Skagit County and former deputy Joseph Gutierrez in 2020, after Rodarte was acquitted by a jury of domestic-violence assault charges, The Seattle Times reported.
The charges were based on the deputy’s sworn statement and reports. Court documents show Gutierrez, who was fired in 2018 over allegations of having sex while on duty and failing to aid other officers during a jail escape, refused to testify at trial.
Rodarte’s lawsuit alleged that Gutierrez conspired with Rodarte’s niece, who was also an oyster farm employee, to falsely accuse her uncle of assaulting her in exchange for help with her immigration status.
The relatives of the 12 sailors who are still missing hope that the judicial expedition can locate a body and clarify the causes of the accident.
Almost a year and a half after the tragic shipwreck of the Galician fishing vessel Villa de Pitanxo in the waters of Newfoundland, where it fished in the middle of a storm, and which only 3 of the 24 sailors of its crew survived, the judicial expedition aboard the ship Ártabro constitución This Saturday the discovery of the wreck at a depth of 750 meters. The location of the ship takes place two days after a metallic structure is seen on the seabed, 400 kilometers from the Canadian island of Newfoundland.
The submarine Rov (unmanned vehicle controlled by remote control) that the search mission is attached to descended this Saturday to try to identify the remains of the shipwreck and has been able to verify that it is the Galician fishing boat that sank on February 15, 2022 in waters Newfoundland with 21 victims, of which 12 are still missing. The Rov's cameras allowed us to record some details of the structure that identify the fishing vessel, including its name.[continue...]
Bakkafrost has set bullish harvest targets for its Faroese and Scottish farms over the next three to five years.
By 2026 the plan is for production of 95,000 tonnes in the Faroe Islands and 45,000 tonnes in Scotland.
But in 2028 that should increase to 110,000 tonnes in the Faroe Islands and 55,000 tonnes in Scotland. That would represent an 82% increase on the combined harvest figure for last year, which was 90,600 tonnes.
Author: Vince McDonagh / FishFarmer | read the full article here
The Aquaculture Stewardship Council (ASC) and Santa Monica Seafood are catching a wave together this summer with a first of its kind retail promotion showcasing the benefits of certified, responsibly raised seafood and ASC’s sea green label to Southern California’s shoppers and diners.
ASC is the world’s leading certification and labeling program for responsibly farmed seafood, while Santa Monica Seafood is the largest wholesale, seafood-only distributor in the Southwest, including market and café locations in Santa Monica and Costa Mesa, Calif.
The Faroe Islands will implement comprehensive restrictions on access for Russian fishing vessels to Faroese ports, the island’s Ministry of Foreign Affairs, Industry and Trade has announced.
In a statement the Ministry said:
“The National Government intends to tighten restrictive measures against Russia. This will be done, among other things, by putting in place comprehensive restrictions on the access of Russian fishing vessels to Faroese ports. This means that the ports will be blocked for all activities that are outside the fishing agreement between the Faroe Islands and Russia. This is expected to limit Russian activity in Faroese ports to around 70 percent compared to what it has been in the last year.”
Although the restrictions will be in place, this means that the Faroe Islands will continue to be a central hub for transhipment and transhipment of the majority of the Russian catch of fish in the North Atlantic.
As China’s global fishing net widens, artisanal fishermen off the coast of Ghana see their catches plummet and go to bed hungry
The wooden canoe is painted with scriptures. They’re meant to bring good fortune to the craft’s fishermen and protect against the dangers of the Atlantic – sky-high ocean waves, creatures of the deep and, increasingly, industrial Chinese trawlers.
“Colleagues have drowned when their canoes have capsized in the wake of trawlers. But the Chinese don’t care,” says Samuel Otoo, one of the canoe’s two crewmen.
Photo: Simon Townsley/The Telegraph
In the early hours of the morning, before the heat begins to press, the fishermen set off from Jamestown, a small port outside Ghana’s capital, Accra. They return at 3pm in one piece, having encountered several trawlers, but the fishermen fear their days in the business are numbered.
This is because the Chinese vessels, far superior in size and capability than the artisanal fishermen of Ghana, are not only causing capsizes and deliberately destroying the nets of rival boats – they’re also bleeding the ocean dry of its fish.
Tokyo, (Jiji Press)--A Japanese government annual report on Friday underlined the importance of strengthening food security for fishery products amid growing risks triggered by Russia's invasion of Ukraine.
The fishery industry white paper noted the risk of Japan's stable supplies of fishery products being jeopardized due to soaring import prices of such goods and related production materials in the wake of recent developments in international society.
Japan's imports of fishery products from the top five countries accounted for over 50 pct of its overall imports of such goods in 2021, the report said, pointing out that the high dependence on a few specific nations is a challenge for Japan.
Russia was the third-largest exporter of fishery products to Japan in 2021, before the start of the aggression of Ukraine in February 2022.
Among fishery products consumed in Japan, some 40 pct of cod roe and salmon roe, and about 30 pct of sea urchin were from Russia.
When artificial is beneficial European Union
Much to the fishers’ dismay, cod populations in the Baltic Sea have been decreasing since the 1990s. The reasons are many, including habitat degradation. The same decade also saw the start of a ...