Other Media | SeafoodSource: Salmones Camanchaca’s Q1 2023 net earnings surge nearly 390 percent
Tuesday, May 23, 2023
Salmones Camanchaca closed the first quarter of 2023 with solid profits, driven by increased sales volumes at higher prices.
The vertically integrated salmon-farming firm, based in Santiago, Chile, enjoyed a lack of extraordinary mortalities, due in large part to benign oceanographic conditions. The company also benefitted from a risk-diversification strategy enacted after algae blooms dealt a big blow the company in 2021.
Author: Christian Molinari / SeafoodSource | Read the full articlehere
The total trade turnover of fishery products between Russia and China by September 18, 2023 reached 811 thousand tons worth 1.71 billion US dollars. The growth was 81% (in volume terms) compared to the level of last year (as of the same date).
Russia exported 771 thousand tons of fish products to China - 86% more than in 2022. In monetary terms, Russian fish exports to China amounted to $1.49 billion.
The total volume of imports of fish products to Russia from China reached 41 thousand tons of products with a total value of 226 million US dollars, 18% more than last year in physical terms.
The day before, Russian President Vladimir Putin said that the total trade turnover between the Russian Federation and China could approach $200 billion.
Source: United press service of Rosrybolovstvo (translated from original in russian)
Maersk ECO Delivery reduces global greenhouse gas (GHG) emissions footprints through certified low emission fuel for ocean shipping as an alternative to fossil fuels
Florham Park, New Jersey – A.P. Moller - Maersk (Maersk) and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel through Maersk’s “ECO Delivery” ocean product offering. Maersk estimates this purchase will contribute to a reduction in 44,600 metric tons of CO2e vs standard bunker fuel, roughly equivalent to 50 million pounds of coal burned. This is the fourth consecutive year that Amazon and Maersk have arranged container shipping using low GHG fuel options.
The ECO Delivery biofuel option offers emission reductions that enable immediate and externally verified GHG savings for customers, without compensatory measures like offsetting. This year, Amazon will benefit from a new feature of the ECO Delivery product which will be enabled by also using green methanol in addition to the bio diesel as a second green fuel* in the vessel fleet. ECO Delivery is using primary data for fuel consumption in the methodology to report emissions savings with greater precision, inclusive of other greenhouse gases in addition to the CO2.[...]
A proposed amendment to the fisheries law by the Ministry of Agriculture and Cooperatives is underway, designed to alleviate the economic issues plaguing fishermen who assert that their livelihoods are compromised by stringent regulations.
Thammanat Prompow, the Minister, acknowledges the concerns raised by fishing communities, who claim to be adversely impacted by the Fisheries Act. This fisheries law, originally instituted to curb Illegal, Unreported and Unregulated (IUU) fishing in Thailand, has drawn criticism for its severity. In response, the ministry has established a committee to investigate these concerns, as announced by Thammanat.
He further elaborated that the committee would comprise representatives from the government, business sector, and civil society, and is scheduled for its inaugural meeting this week.
Thammanat emphasised the significance of the fisheries sector in propelling economic growth, citing its contribution of approximately 130.3 billion baht (U$D 3.6 billion) to the Gross Domestic Product (GDP) in the previous year. This was partly attributed to the Department of Fisheries’ efforts to augment fish stocks and collaborate with local communities to conserve marine life.[...]
Korea's exports of farm and fisheries products had marked a slight on-year growth this year as of mid-September on the solid global demand for instant noodles and other food items in line with the popularity of Korean culture, the agriculture ministry said Monday.
Outbound shipments of agricultural and fisheries goods came to $6.31 billion from January through the second week of September, up 0.4 percent from a year earlier, according to the Ministry of Agriculture, Food and Rural Affairs.
Global sales of those products logged an on-year fall during the first eight months of 2023, as last year's tally hit an all-time high, but made a rebound this month.
Rice-based food items, such as gimbap, or seaweed rice rolls with vegetables, enjoyed a 16.2 percent sales growth to $145 million, and exports of Kimchi rose 9.9 percent to $113 million.
By destination, exports to China grew 11.3 percent on-year to $977 million, and those to the United States rose 3.8 percent to $910 million. Sales in the European Union and Britain increased 1.2 percent, according to the ministry.
The government vowed to extend support for exporters in advancing into new markets and better ensuring the quality of fresh food items.
GroAqua has delivered a 480 ton feeding barge to Icelandic company Háafell. The barge is located in Ísafjørður in Northern Iceland and will be exposed to extreme weather conditions with temperature down to minus 20 degrees.
The feeding barge is custom designed to maximise fuel efficiency to reduce the impact on the environment. A hybrid power supply powers all systems onboard, with generators running only two to four hours per day.
The Financial Supervisory Service, South Korea's primary financial regulatory body, has issued management advisories to the National Federation of Fisheries Cooperatives (NFFC) after losing approximately 50.1 billion won (U$D 37.5 million) it poured into an alternative high-yield overseas investment, as revealed by industry sources on Sunday.
The NFFC is the umbrella organization for regional fishers' cooperatives throughout the country. It advocates for fishers and provides financial and insurance services through its member cooperatives. It also runs distribution plants, wholesale markets and other programs, as well as provides support programs for fishers.
The NFFC reportedly lost the entire principal amount of its investment without taking any further action, raising concerns over the federation's investment and risk assessment practices.
Upon evaluation, the FSS issued to the NFFC advisories concerning nine matters requiring caution and five matters needing improvement to bolster the federation’s due diligence procedures for foreign investments.
In 2018, the NFFC made an overseas investment valued at $40 million dollars. By 2021, due to borrower defaults, NFFC saw impairment losses of $21.3 million in 2020 and an additional $16.5 million in 2021.
Thus, the NFFC recorded the entire 50.1 billion won investment as a loss.[...]
Fisheries and Oceans Canada drops Atlantic Catch Data, Javitech Atlantic
Fisheries and Oceans Canada has dropped two at-sea observer companies from a program to monitor the lucrative southwest Nova Scotia lobster fishery.
The decision "blindsided" one of the companies.
This season, DFO will rely solely on an inshore industry association to assess what other species are being accidentally captured — what's known as bycatch — in the lobster fishery from Halifax through the Bay of Fundy.
Observer companies Javitech Atlantic in Dartmouth and Halifax's Atlantic Catch Data have been part of the bycatch monitoring program since it was launched in 2018 to assess and demonstrate sustainability in the fishery worth half a billion dollars.
In Primorye, 22,464 kgs of pink salmon caviar are being disposed of due to coliform bacteria found in it, reports the press service of the territorial department of Rosselkhoznadzor.
A sample from a batch of salmon caviar from Kamchatka was taken in Vladivostok, from where it was to be exported to China, Japan, Thailand, South Korea, Vietnam and EU countries.
In the laboratory of Rosselkhoznadzor, the products were examined for 32 indicators - radionuclides, toxic elements, microbiological indicators, parasitic purity and other standards. As a result of laboratory tests, E. coli bacteria were found in the caviar.
Experts identified the probable reason for this as non-compliance with production or storage technology, as well as violation of the conditions of its transportation.
Now the caviar must be removed from circulation and disposed of, Rosselkhoznadzor reported. It is not allowed to process such products into animal feed, the department added.
Author/Source: Alexey Makeev/vetandlife (translated from original in russian)