IN BRIEF - Modeling Won Over Salmon... Though They Touch at Some Point
NORWAY
Thursday, November 28, 2024
Gustav Jr.'s story is marked by the weight of his family legacy. His father, Gustav Witzøe, is the co-founder of SalMar, one of the world's leading salmon producers and sellers.
In 2013, when Gustav was just 19, his father transferred 53% of the company's shares to him. This move not only secured his place as the major shareholder but also made him a multimillionaire at a very young age.
SalMar supports the career of Norwegian tennis player Casper Ruud
However, despite being the heir to an empire that produces thousands of tons of salmon each year, Gustav Jr. does not actively participate in the company's management. His father and other executives run SalMar, while he has decided to explore his more creative side and invest his time in other projects.
With his fortune and restless spirit, the young Norwegian found in fashion and his hobbies a way to challenge the expectations that others might have of a multimillionaire heir. While SalMar continues to consolidate itself as a salmon giant, Gustav Jr. continues to explore his own path, demonstrating that, for him, work and passion go hand in hand.
Participating in the Pacific Islands Forum Fisheries Agency (FAA) Operation Island Chief in August, PSS H.I. Remeliik II destroyed 18 illegal Fish Aggregation Devices (FADs) and conducted a number of boardings resulting in seizures of fishing equipment.
The PSS H.I. Remeliik II, a patrol boat supported by Australia, has been actively combating illegal fishing in Palau's Exclusive Economic Zone (EEZ). It has participated in regional operations, destroying illegal fishing devices and conducting boardings. Additionally, the vessel has provided essential services to remote communities, including delivering supplies and conducting medical evacuations. These efforts contribute to protecting marine resources, ensuring food security, and maintaining regional stability.
Another patrol in October saw PSS H.I. Remeliik II and crew destroy a further 26 illegal FADs. IUU fishing contributes to global overfishing, threatens marine ecosystems, puts food security and regional stability at risk, and is linked to major human rights violations and even organized crime
HANOI, (Xinhua) -- Vietnam's seafood exports reached nearly 9.2 billion U.S. dollars in the first 11 months of this year, up 11.5 percent year on year, local media cited the Vietnam Association of Seafood Exporters and Producers (VASEP) on Tuesday.
Seafood exports in November alone slowed down but still maintained impressive growth with a turnover of 924 million dollars, up 17 percent year on year, said the association.
Shrimp and tra fish (pangasius) continue to be Vietnam's key seafood export products.
Shrimp exports recorded a 22-percent growth in November and are forecast to reach 4 billion dollars in turnover for the whole year.
Meanwhile, turnover of tra fish exports was estimated at 1.84 billion dollars as of November and is predicted to hit 2 billion dollars by the end of this year.
Cooke Inc. Opposes Proposed NMCA in South Coast Fjords
In a personal letter sent to Premier Furey of the Government of Newfoundland and Labrador Glenn Cooke to protect local industries and the families that rely on them rather than impose restrictive measures that will lead to their demise.
Cooke Inc., a major Seafood Group, is urging the Newfoundland and Labrador government to withdraw from the proposed National Marine Conservation Area (NMCA) in the South Coast Fjords. The company argues that this initiative, spearheaded by the federal government, would have severe negative impacts on local communities and the seafood industry.
The NMCA would restrict fishing and aquaculture activities, jeopardizing the livelihoods of many people who depend on these industries. It would also hinder the growth of the aquaculture sector, particularly salmon farming, which has been identified as a key driver of economic development in the region.
Cooke Inc. emphasizes the importance of sustainable fishing and aquaculture practices and highlights the company's commitment to environmental responsibility. They argue that the NMCA would undermine these efforts and limit opportunities for future growth.
The company urges the provincial government to prioritize the economic and social well-being of coastal communities and to reject the proposed NMCA.
In 2023, total imports of pangasius into the European Union declined sharply from the previous year. In fact, some 70 000 tonnes were imported, 3 000 tonnes less than in 2022, reports FAO-Globefish.
Main supplying country was Viet Nam with a share of 90 percent of total imports, however the real share is far higher, as the second and third supplier are the Kingdom of the Netherlands and Belgium, which are mere re-exporting countries.
Germany has emerged as main consumer of pangasius fillets, as in this country, price aspects outnumber quality and taste aspects. Spain that used to be a major pangasius consumer some 10 years ago has continuously reduced its imports of this species. In 2023, the country imported 5 500 tonnes, almost 1 000 tonnes less than in the previous year.
In the first nine months of 2024, imports of the pangasius were stable at 2023 levels, some 54 000 tonnes were imported during this period into the EU. German imports of pangasius increased by 2 percent during the period to 9 200 tonnes. Spanish imports increased by 40 percent y-o-y to some 5 500 tonnes during Jan-Sep 2024.
Sierra Leone's fishing industry is facing significant challenges due to rampant illegal, unreported, and unregulated (IUU) fishing.
Foreign fishing vessels, particularly Chinese, are depleting fish stocks and undermining local livelihoods.
Chinese Ambassador to Sierra Leone Wang Qing and Sierra Leone Fisheries Minister Dugba signed the implementation agreement of the Sierra Leone-aided fishing wharf project
Key Points:
Economic Impact: IUU fishing costs Sierra Leone millions of dollars annually, affecting the country's economy and food security.
Local Livelihoods: The fishing industry is a vital source of income for many Sierra Leoneans, but it is being threatened by illegal fishing.
Government Ineffectiveness: The government has struggled to address the issue of IUU fishing, despite its significant economic impact.
Community Response: Local fishermen are taking matters into their own hands to protect their livelihoods.
The continued prevalence of IUU fishing poses a serious threat to the long-term sustainability of Sierra Leone's fisheries and the well-being of its people.
The Seafood Council assists companies that wish to register for the export of live aquatic products to China.
In November it was announced that the export of live snow crab to China will be opened . Nevertheless, two criteria must be satisfied before the export of living species can be carried out in practice. Firstly, the species must be officially entered on the list of approved species. Furthermore, the manufacturer must have sent information to the Chinese authorities and be listed on this list . Note that this registration differs from the registration of food producers which takes place in CIFER (Single Window).
Earlier this autumn, information was collected by the Norwegian Food Safety Authority in collaboration with industry organizations to list producers of live aquatic products. For the producers who were on these lists, it is not necessary to register again as snow crab has been added to the list for all companies.
For companies that were not on the previously sent list and wish to register for live seafood to China, this can now be done by following the process described here .
Norway’s 25% extra tax on salmon farmers appears to be here to stay, the latest pronouncements from the country’s opposition politicians indicate.
A victory for right-of-centre parties at the general election in September next year has been the salmon industry’s best hope of reversing the so-called ground rent tax conceived by the Labour-Centre party coalition and voted into existence by left-leaning politicians in June 2023.
Source: fishfarmingexpert l Read the full article here
South Korea's import volume of frozen capelin plummeted by a significant 75% in October 2024 compared to the same period in 2023.
The country imported only 70 tons in October 2024, down from 278 tons the previous year. Consequently, the cumulative import volume for the year reached 731 tons, a 32% decrease from 2023.
Key Trends:
Reduced Import Volume: The sharp decline in imports suggests a decrease in demand or supply disruptions.
Price Fluctuations: The average unit import price increased to USD 2.28/kg, despite the overall decline in value.
Country of Origin: Canada, Norway, and Iceland remained the primary suppliers, with varying unit prices.
Potential Implications:
The significant drop in frozen capelin imports may have implications for the domestic seafood market. Reduced supply could lead to price increases or decreased availability of this fish product for consumers.
Domestic Market:
The domestic wholesale price of frozen capelin, sourced primarily from Norway, is currently around KRW 25,000 per 7kg box.
Faroese salmon producer Bakkafrost has launched an online store for the Danish market, allowing consumers to purchase its premium salmon products directly from the company.
The new platform, available at bakkafrostshop.com, features a range of offerings, including salmon fillets and portions (both fresh and frozen), smoked salmon in various styles, and specialty items from Munkebo, such as salmon in olive oil and vegetable soups.
Source: SalmonBusiness l Read the full article here
There were no injuries or spills in a collision whose causes are being investigated by the Maritime Authority of Algeciras
None of the 49 crew members of the merchant ships that collided this morning in the bay of Algeciras have been injured in an accident whose causes are being investigated by the maritime authorities. In an area of ??the Strait of Gibraltar, the container ship HMM ST Petersburg, 400 meters long and 62 meters wide, and the oil tanker Gloria Maris, 274 meters long and 48 meters wide, collided. Maritime Rescue mobilized the rescue vessels Luz de Mar and Salvamar Denébola.
Source: La Voz de Galicia l Read the full article here
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