Climate change impacts Japanese fish stocks. Rising ocean temperatures are permanently altering the distribution of marine species, with long-term consequences for the fishing industry

Once a world power, Japan's fishing industry is facing unprecedented challenges due to the ongoing effects of climate change. Over the past decade, catches of key species such as Pacific saury and Japanese flying squid have fallen to historic lows.

Source: EuropaAzul l Read the full article here

The Norwegian Seafood Council has officially launched its first major campaign in collaboration with football star Erling Braut Haaland, targeting the South Korean market.

The campaign, in partnership with several grocery chains and Norwegian exporters, includes early participation from salmon producer SalMar.

Source: Salmon Business l Read the full article here

Plans to extend marine planning zones in Scotland have been put out to public consultation.

Fish and shellfish farms require planning permission out to 12 nautical miles, however local authority responsibilities for planning controls currently only extend to three nautical miles. Under new proposals, the marine planning zones will be extended.

Source: fishfarmingexpert l Read the full article here

The fresh salmon market is back on an upward trend in Norway again, for the first time in several weeks.

But the increase is small, at just 1.4% according to the national monitoring organisation, Statistics Norway.

The average week 37 figure went up by NOK 1.4 per kilo to NOK 74.12 per kilo (£5.30), which was around the average price two years ago.

Export volumes remain robust and last week totalled 27,899 tonnes, almost 1,500 tonnes or 5.6% higher than during the previous week.

Author: Vince McDonagh l Fish Farmer l REad the full article here

Proximar Seafood AS has announced the confirmation of its first slaughter date, set for September 30, marking a significant milestone for the company. The land-based salmon farming company is developing a state-of-the-art facility near Mount Fuji, Japan, to serve the growing demand for fresh salmon in the region.

In addition, Proximar has secured two new loan agreements totaling 1 billion Japanese yen (approximately NOK 75 million or USD 7.07 million). The loans will provide the company with working capital and act as a liquidity buffer to support its operations as it moves forward with production.

These developments reflect Proximar's steady progress toward becoming a key player in land-based aquaculture in Asia.

HANOI (Xinhua) -- Vietnam earned 953 million U.S. dollars in August from exporting fishery products, up nearly 20 percent over the same period last year, local media reported Monday, citing the Vietnam Association of Seafood Exporters and Producers (VASEP).

Apart from squid and octopus, of which export turnover decreased by 15 percent, the exports of most of Vietnam's key fishery products reported double or triple-digit growth in August.

Shrimp exports rose by 30 percent, pangasius by 18 percent, tuna by 13 percent, and other marine fish by 12 percent.

The value of Vietnam's fishery exports in the first eight months of 2024 was estimated at 6.3 billion dollars, up 9 percent year on year, said the report.

According to the association, Vietnam saw a gradual recovery of seafood exports during the first eight months of this year, both in terms of demand and price.

The association expects that seafood exports for 2024 will be at 9.4-9.5 billion dollars, up 6 percent compared to 2023.

The Icelandic Fisheries Seafood & Aqua Exhibition (IceFish) opens today in Smárinn (Kópavogur, Iceland), to showcase innovations in technology, products and services in the seafood industry to a wide variety of representatives from commercial fishing organisations and associated companies. The event, which runs until Friday 20th, celebrates its 40th anniversary this year with 57 new exhibitors from 14 different countries.

The official opening ceremony will begin at 2pm. The event will be opened by Bjarkey Olsen Gunnarsdottir, Iceland's Minister for Food, Fisheries and Agriculture.

Source: Fisheries l Read the full article here

Red Lobster announced its exit from Chapter 11 bankruptcy on 16 September after gaining the newly created RL Investor Holdings as its new owner and officially appointing Damola Adamolekun as CEO.

RL Investor Holdings is an entity created by funds managed by affiliates of Fortress Investment Group, alongside co-investors TCW Private Credit and Blue Torch.  With the company taking over as the chain’s new owner, Red Lobster has exited its bankruptcy status.

Author: Christine Blank l SeafoodSource l Read the full article here

Muscat: Fisheries Development Oman (FDO) announced its participation in the Seventh Global Fishery Forum & Seafood Expo Russia, scheduled from September 17–19, 2024, in St. Petersburg. This prestigious event provides FDO and its subsidiaries with a unique platform to showcase Omani seafood products, services, and investment opportunities to the global industry. It also facilitates engagement with thousands of businesses, key buyers, and investors, enabling FDO to expand its market reach.

The Expo will host over 400 companies from 34 Russian regions and 14 countries, spanning 26,000 square meters of exhibition space. With 139 industry experts set to speak, the event is a vital convergence of leaders, traders, and retailers from the seafood sector.

Muneer Al Muneeri, Chairman of FDO, stated: "As a group leader in Oman’s fisheries and aquaculture sector, FDO proudly highlights Oman’s position as a major fish producer and net exporter within the GCC. We are committed to expanding our seafood exports by adhering to global standards of sustainability, food safety, and environmental responsibility, supported by Oman’s attractive business incentives and improving infrastructure."

"Our participation at the Global Fishery Forum & Seafood Expo Russia reinforces our mission to position Oman as a global leader in sustainable seafood, showcasing our vast marine resources and investment opportunities."

Three people are dead after a fishing vessel capsized in waters off Gunsan city in North Jeolla Province. 

The city’s coast guard said on Monday that it rescued all eight crew members of the fishing boat in waters off Gunsan after receiving a report at around 7:36 a.m. about the boat accident.

Authorities said though the entire crew was rescued, three of the members, including the boat’s Korean captain and chief engineer as well as a foreign crewmember, were pronounced dead at the hospital.

Photo : YONHAP News = Gunsan Coast Guard

The remaining five crewmembers, all of foreign nationality, were reported to be in relatively good health. 

The coast guard is looking into the possibility that the boat capsized after it collided with a tanker carrying petroleum products based on testimony that the tanker was witnessed passing nearby the fishing vessel at the time of the incident.

A coast guard official said the identity of the deceased foreign crewmember has yet to be identified, adding that an investigation will be conducted on the incident once the survivors get treated for injuries.