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Other Media | Fish Farmer: US Red Lobster chain fighting for survival

Thursday, May 23, 2024

Red Lobster, the world’s largest seafood restaurant chain, is fighting off the threat of bankruptcy amid rising debts.

The group, which has hundreds of restaurants across the United States, Asia and central America, has filed in a Florida court for bankruptcy protection in a bid to reduce debt and fend off collapse.

The chain’s “eat endless shrimp” campaign for $20 is being largely blamed for incurring large losses.

Author: Vince McDonagh / Fish farmer l Read the full article here

Other Media | Faro de Vigo: Anfaco participates in Bangkok in the main global tuna event

Wednesday, May 22, 2024

Starting this Monday, a delegation from the canning association Anfaco-Cecopesca is participating in the 18th edition of the Infofish World Tuna Trade Conference & Exhibition, considered an “essential” meeting point for the tuna industry worldwide. This product is of vital importance for the Spanish industry and Europe as a whole, since its transformation into preserves and preparations represents more than 70% of the total continental sector. In 2023, Spanish companies produced more than 222,600 tons of canned tuna

Source: Faro de Vigo l Read the full article here

Other Media | Industrias Pesqueras: Fishing distributes 6,783 tons of bluefin tuna between the eastern Atlantic and Mediterranean fleets

Wednesday, May 22, 2024

The General Secretariat of Fisheries has established the provisions for the implementation of the multi-annual management plan for bluefin tuna in the eastern Atlantic Ocean and the Mediterranean Sea for 2024. The quota of bluefin tuna from the Eastern Atlantic and Mediterranean granted to Spain for 2024 is 6783, 67 tons.

Of this quota, 25.23% will be allocated to the Mediterranean purse seine fleet; 24.22% to traps; 19.36% to the Cantabrian live bait fleet, Northwest Cantabrian Fishing Ground; 6.01% to the fleet of rods and handlines in the Strait; 12.32% to longline and handline fleets; 7.93% to rod holders authorized to fish in the waters of the Canarian Caladero; 2.87% to the small fishing fleet in the Mediterranean: and 0.89% to the fleet of artisanal vessels in the limited catch Strait.

Source: Fisheries Industries l Read the full article here

Other Media | Fish Focus: Cooke celebrates 10 years of business in the United Kingdom

Wednesday, May 22, 2024

Cooke Aquaculture Scotland was established in 2014 as part of the global company’s strategy to achieve success through acquisitions and organic growth to meet an increasing market demand for healthy, fresh seafood.

In the past decade, Cooke Scotland has tripled its organic production and increased general production and supply to its loyal customers. The company has harvested and shipped over 52 million fresh farmed salmon to more than 16 different countries worldwide and continues to grow responsibly and sustainably by maintaining consistently high standard

Source: Fish Focus l Read the full article here

Other Media | SalmonBusiness: Rumours fly as analyst values salmon farming giant at $1 billion

Wednesday, May 22, 2024

Grieg Seafood has been seeking a partner for its Canadian operations. But the entire company could be up for sale suggests investment bank.

In November, salmon farmer Grieg Seafood revealed that the company is seeking long-term partners to help develop its business in Canada.

This move has fueled speculation that the entire company might be up for sale.

Source: SalmonBusiness l Read the full article here

Other Media | fishfarmingexpert: Seafood certification programme launches French and German websites

Wednesday, May 22, 2024

Move is part of bid to 'bolster visibility of BAP label in European markets'

Two new Best Aquaculture Practices (BAP) consumer websites in French and German have been launched, the Global Seafood Alliance (GSA) has announced.

The sites contain information on the BAP certification programme, which is run by the GSA, along with information about aquaculture, seafood recipes, and nutritional information about seafood’s positive effect on health and wellness.

Source: fishfarmingexpert l Read the full article here

IN BRIEF - China suspends registration of Japanese seafood exporters

Tuesday, May 21, 2024

NHK (The Japan Broadcasting Corporation) has learned that Chinese authorities have suspended the registration of facilities used by Japanese seafood exporters.

Japanese firms seeking to export seafood to China are required to register their Japanese-based facilities, including processing and storage facilities, with Chinese customs authorities.

Last August, Chinese authorities suspended imports of Japanese seafood after treating and diluted water from the damaged Fukushima Dai-ichi nuclear power plant began to be released into the ocean.

Well-placed sources said that registration of the facilities used by exporters was valid until the end of last month.

Other sources close to the Japanese government said Chinese authorities had suspended all registration procedures this month.

According to sources, the Chinese side did not give Japan any explanation for this move.

It comes as governments have negotiated this year over the release of treated and diluted water.

Government sources said they needed to find out why China chose this moment to suspend the registration.

IN BRIEF - Russian Salmon season begins in Primorye

Tuesday, May 21, 2024

With the beginning of the “red fishing season” in Primorye and, accordingly, the spawning run of Pacific salmon, fisheries inspectors switch to an increased work schedule.

So, on May 29, in the north of Primorsky Krai, in the Terneysky municipal district, the salmon fishing season begins. For industrial fishing, which is carried out in the sea, in front of river mouths, 954.7 tons of pink salmon and 71.9 tons of salmon are allowed. Indigenous peoples can catch 26.2 tons and 10.8 tons of pink salmon and masu salmon, respectively. At the same time, the spawning run of salmon begins on the rivers of the north of the Primorsky Territory, which will gradually shift to the south of the region.

The beginning of the “red season” and the spawning run of Pacific salmon is expected not only by fishers and indigenous minorities but also by organized poaching groups.

This year, to combat illegal poaching, the Primorye Territorial Administration of Rosrybolovstvo took a number of enhanced measures to protect salmon spawning.

Additional fisheries protection forces, reinforced by freelance public inspectors, have been deployed to the north of Primorye. Operational cooperation has been established with law enforcement agencies. On spawning rivers and possible routes for transporting illegally caught fish, stationary and mobile fish protection posts and mobile groups have been organized. Regular raids are planned. Every fish inspector has the right to carry firearms.

Other Media | SeafoodSource: Nueva Pescanova lost EUR 73 million in 2023

Tuesday, May 21, 2024

Nueva Pescanova lost more than EUR 73 million (USD 79 million) in 2023, according to a financial report from Abanca, its parent company.

The Pontevedra, Spain-based vertically integrated seafood firm has still not posted its FY 2024 results on its website, but its EBITDA surpassed EUR 73.3 million (USD 79.2 million) in losses, up from a loss of EUR 60.5 million (USD 65.7 million) in the 2022 fiscal year, according to Abanca’s annual consolidated report submitted 15 April 2024 to the National Securities Market Commission (CNMV).

Abanca said the company had struggled due to global economic challenges caused by the inflationary crisis, the war in Ukraine, a decline in Chinese demand, and an increase in interest rates. It said it was “convinced” its two consecutive loss-making years “will be recovered” upon the implementation of a strategic plan now being developed.

Abanca said it has “complete confidence” in the company’s leadership, including José María Benavent, who was named the company’s executive chairman in April 2020, as well as Jorge Escudero, who was hired as CEO in September 2023. [continues....]

Author: Cliff White | Read the full story here

IN BRIEF - Connétable infuses the sardines with natural spices

Tuesday, May 21, 2024

Connétable, a Maison Chancerelle brand, had the idea of ??combining sardines with infused oils which will “sweeten the flesh and impart subtle aromas”.

The 'Les Infusées' range has four recipes. The principal Sunflower oil (with a neutral flavor) is infused hot either with herbs (lemon basil, wild garlic, Provence herbs) or with spices (jalapeño pepper). The process is 100% natural, with no added flavors. The infusion time and temperature are specific to each recipe. The oil is then filtered and cooled. 

The sardines are prepared, and then packed by hand in Douarnenez before being steamed. Then they are simply covered with infused oil. The boxes are then closed before being canned. In addition to adding flavor and softness, infused oils allow you to flavor a preparation (cakes, focaccia, stuffed vegetables, etc.) or the sauce for a salad. Recommended marketing price: €2.69 for 115 g.

Author/Source: Fanny ROUSSELIN-ROUSVOAL/Produit de la Mer (translated from original in French)

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