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IN BRIEF - Barramundi Group: Facility offer of BND 15mil received for expansion of Brunei operations

Thursday, February 29, 2024

Barramundi Group Ltd (“Barramundi Group” or the “Company”) (EURONEXT: BARRA) is pleased to announce that its Brunei operations have secured a facility offer of BND $15 million from a Bruneian financial institution.

The facility, subject to finalization and completion, will be used to fund the first phase of the Brunei expansion and pivot to BG 2.0. The financing allows us to execute the 2 key components of this first phase:

  • The construction of a RAS Broodstock and Hatchery center, complementing the existing RAS Nursery operations; and
  • Immediate deployment of sea cages at our existing sea lease, Pelong Rocks. This deployment is slated for mid 2024.

With the new broodstock and hatchery facility, the Brunei operations will be able to capitalize on the genetic nucleus from our Singapore broodstock – naturally bred and selected over 20 years – to spawn and culture fry and fingerling within Brunei. The capacity of this facility will allow Brunei to be sufficient not only for the Phase 1 Pelong Rocks grow-out cages, with an annual capacity of 1,000 tonnes, but also for Phase 2 requirements of the planned 3,000 tonne land-based RAS facility.

The immediate deployment of Pelong Rocks will help to smoothen the gap in production and revenues, but also provide the Group with an opportunity to re-enter the China market – one of our largest and key markets, previously unreachable with a Singapore-grown product.[...]

Read the full press release here

IN BRIEF - Steakholder Foods Regains Compliance With Nasdaq Minimum Bid Price Requirement

Sunday, April 21, 2024

REHOVOT /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in 3D-printed meat and fish technology and cultivated cell innovation, announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

The Company had previously announced on October 31, 2023, that it was notified by Nasdaq that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), as the closing bid price of the Company's American Depositary Shares ("ADSs") had been below $1.00 for more than 30 consecutive business days.

On April 18, 2024, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days, from April 4, 2024 to April 17, 2024, the closing bid price of the ADSs was $1.00 or greater, that the Company has hence regained compliance with Listing Rule 5550(a)(2) and that the matter is now closed.


IN BRIEF - NOAA: 2024-2026 Specifications for the Mackerel, Squid, and Butterfish Fishery Management Plan

Sunday, April 21, 2024

This action proposes the 2024-2026 specifications for the Mackerel, Squid, and Butterfish Fishery Management Plan as recommended by the Mid-Atlantic Fishery Management Council. Atlantic Mackerel specifications were set through a different action.

NMFS proposes the 2024-2026 specifications for the Mackerel, Squid, and Butterfish Fishery Management Plan as recommended by the Mid-Atlantic Fishery Management Council. This action proposes to set the 2024 Illex squid and 2024-2026 longfin squid specifications and reaffirms the 2024 chub mackerel and butterfish specifications. 

The implementing regulations for the Mackerel, Squid, and Butterfish Fishery Management Plan require us to publish specifications every fishing year for each of these species and to provide an opportunity for public comment. The proposed specifications are intended to establish allowable harvest levels that will prevent overfishing, consistent with the most recent scientific information.

Federal Register

Proposed Rule for the 2024-2026 Mackerel, Squid and Butterfish Fishery Manageme…

Source: NOAA Fisheries

Other Media | The Fish Site: Nestlé Purina joins the Global Sustainable Seafood Initiative

Friday, April 19, 2024

Multinational petfood giant Nestlé Purina has joined the Global Sustainable Seafood Initiative (GSSI) as a funding partner.

Nestlé Purina utilises a variety of fish and seafood items, sourced from around the world and is the first GSSI partner from the petfood industry to join the global partnership network.

A high proportion of the seafood ingredients in Purina’s products are seafood sidestreams - those parts of the fish remaining after fillet removal.

Source: The Fish Site l Read the full article here

Other Media | WorldFishing: Can aquaculture be sited sustainably at maritime ports?

Friday, April 19, 2024

Over the years, there has been much focus on the coexistence of offshore renewable energy and aquaculture, two rapidly growing industries that share a common resource: the ocean. Bringing these two industries together has the potential to generate economic, environmental, and social benefits, while addressing multiple challenges from food scarcity to climate change.

The same could be said for aquaculture and maritime ports. As ocean-based industries continue to expand, careful spatial planning is important to reconcile existing ocean uses and manage environmental impacts effectively. 

Author: Bonnie Waycott  / Worldfishing l Read the full article here

Other Media | SeafoosSource: With Canadian expansion, Phillips Foods counting on snow crab, lobster for growth

Friday, April 19, 2024

Phillips Foods plans to broaden its product range to include snow crab and lobster following the acquisition of two seafood companies in Eastern Canada.

The Baltimore, Maryland, U.S.A.-based crabmeat specialist recently acquired the Pêcheries Bas-Caraquet Fisheries facility in Bas-Caraquet, New Brunswick, as well as the assets of South Shore Seafoods in a restructuring deal encompassing multiple plants in the province of Price Edward Island as well as holding tanks in Nova Scotia.

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

Other media | MundoAcuicola: New Garware cape is 100% recycled and with a lower environmental footprint

Friday, April 19, 2024

Sustainability is on the agenda and we see that trade associations and salmon producing companies are on the path to calculating and publishing their carbon footprints. To support this salmon farming process, Garware Technical Fibers has created Renew Ropes: the first anchor rope made from 100% recycled materials, the use of which leads to a 50% reduction in the carbon footprint. “The introduction of 100% recycled ends shows our commitment to the Clean Production Agreement (CPA), circularity and the reduction of plastic waste, contributing to sustainability throughout the life cycle of the products. In addition, it has exhaustive quality control of its raw materials: 100% reprocessed copolymers so that it meets the required quality,” comments Marcos Jofré, Business Associate Garware Technical Fibers Chile.

Source: MundoAcuicola l Read the full article here

Other Media | Industrias Pesqueras: Profand maintains billing and completes its investment plan with the purchase of a vannamei farm in Ecuador

Friday, April 19, 2024

Profand holds its own and maintains its “leading position” in the Spanish and international fishing sector by closing 2023 with a turnover of 930 million euros, in line with the 932 million in 2023. In addition, the Vigo fishing company, which in 2023 marketed 112 000 tons of fish, completed last year its ambitious investment plan that began in 2021 with the strategic objective of expanding and strengthening its industrial capacity, and promoting the group's vertical integration strategy with Mercadona. In 2023, it invested 63.3 million euros in projects such as the acquisition of a new processing plant in Boston and the purchase of its first vannamei shrimp aquaculture production farm, in Ecuador, reinforcing its commitment to aquaculture after its investments in Greece .

Source: Industrias Pesqueras l Read the full article here

IN BRIEF - Court Orders Confiscation of Sri Lankan Fishing Boat for Illegal Fishing

Thursday, April 18, 2024

The Maldivian Civil Court has ordered the confiscation of a neighboring Sri Lankan fishing boat for illegal fishing in Maldivian waters.

In addition, Civil Court Judge Ahmed Rasheed fined the ship's owner, PSS Fernando, 700,000 MVR for violating international law.

Sri Lankan fishing boat ordered to be confiscated by Civil Court. | Photo: Ministry of Fisheries -->

The court ordered the owner of the fishing boat, “Sudhisa Putha 2,” to pay the fine within 14 days for attempting to illegally fish in Maldivian territory.

In addition to a fine and confiscation of the vessel, the judgment also ordered the handover of all equipment used in illegal fishing to the Ministry of Fisheries.

Source: The Maldives Journal

IN BRIEF - IFFO's Members Meeting highlights the key role of science

Thursday, April 18, 2024

IFFO’s Members Meeting took place in Miami from the 16th to the 17th of April, gathering 220 delegates from 29 countries, representing the fishmeal and fish oil sector, the aquaculture and nutraceutical industry as well as scientists and certification program representatives.

At a time when the first anchovy season is starting in the North-Centre of Peru, the speakers shared positive expectations for a rebound in fishmeal and fish oil production to take place in 2024 after last year being marked by the El Nino / La Nina phenomenon.

With 20 speakers, the emphasis was very much on market trends and science and how evidence-based considerations can help frame the understanding of the sector and its contribution to the global food system.

“Everything starts with facts and data. These have to be our North star to support informed decision making in a wide range of fields such as fishery management, traceability, mitigation of environmental impacts, enforcement of labor rights” stated Petter Martin Johannessen, IFFO's Director general at the end of the meeting.

Other Media | SalmonBusiness: Former PwC partner and Director General at the Norwegian Ministry of Fisheries joins Seafood People

Thursday, April 18, 2024

Foss has previously served as Director General at the Norwegian Ministry of Fisheries.

Management consulting and executive search firm Seafood People has appointed Torben Foss, former Deputy Director General of Fisheries and partner at PricewaterhouseCoopers (PwC) to the company’s Global Executive Advisor Network (GEAN).

The GEAN is comprised of senior seafood executives with subject matter expertise who partner with Seafood People to execute global projects and client initiatives.

Source: Salmon Business l Read the full article

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Viet Nam
Apr 22, 05:00 (GMT + 9):
Vietnamese shrimp exports recover to main markets
Viet Nam
Apr 22, 01:00 (GMT + 9):
Reduction in Fishing License Quotas
Russian Federation
Apr 22, 01:00 (GMT + 9):
In Bashkortostan they are creating an attractive investment environment for the development of fish farming
Apr 22, 01:00 (GMT + 9):
Harmful Algal Bloom in the Group of Salmonid Concessions 17B
Apr 22, 01:00 (GMT + 9):
More than 149 thousand tons of anchovy were unloaded three days after the start of the first fishing season
Apr 22, 01:00 (GMT + 9):
Balfegó becomes the first B Corp company in the Spanish fishing sector
Apr 22, 00:50 (GMT + 9):
Statistics │ Import │ Bluefin tuna southern │ Mexico, Australia, S. Korea and N. Zealand │ 2023-24
Apr 22, 00:50 (GMT + 9):
Statistics │ Catches │Bluefin tuna catch and farmed │ by country │ 2018-2022 by FAO
Apr 22, 00:40 (GMT + 9):
Production volume │Surimi derived products | Chikuwa - Kamaboko - Naruto │2022-23-24
United States
Apr 22, 00:30 (GMT + 9):
Products derived from alaska pollock and pacific cod (NMFS of DAP in GOA-BSAI): surimi, fillet, roe and fishmeal | week 14
Apr 21, 23:00 (GMT + 9):
IN BRIEF - Steakholder Foods Regains Compliance With Nasdaq Minimum Bid Price Requirement
United States
Apr 21, 22:40 (GMT + 9):
IN BRIEF - NOAA: 2024-2026 Specifications for the Mackerel, Squid, and Butterfish Fishery Management Plan
Apr 21, 20:00 (GMT + 9):
The Canarian fishing fleet will show at the Gourmets Hall how to practice 'batch cooking'
Apr 21, 16:00 (GMT + 9):
Opromar gives the keys to 'efficient cooking' of hake and mackerel and minimizing food waste
Apr 21, 00:40 (GMT + 9):
Statistics │ Exports │ Mackerel │ Japan, China, Netherlands, Vietnam │ 2022-24

Seafood Expo Global/Seafood Processing Global celebrates its 30th edition with top experts
Spain The Expo will bring together more than 90 leading international seafood industry experts in its conference program, including keynote speaker Mark Blyth, The William R. Rhodes ’57 Professor of I...
Under the nose of the Minister of Production: irregular entry of a Chinese squid jigger occurs with serious questions
Peru Last night, April 18, a hundred artisanal fishermen from the Port of Chimbote, in the Ancash Region, had to stop their fishing tasks because an immense Chinese fishing boat appeared in front of them t...
Indian Ocean squid price index: Flying squid (Ommastrephes bartramii)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
MSC certification of Dutch trawl fleet partly suspended
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ITOCHU Corporation - Headquarters
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Inmarsat plc - Global Headquarters
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Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
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Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
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New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
National Geographic Society
AmazonFresh, LLC - AmazonFresh

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