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IN BRIEF - Vinh Hoan's CEO is in the top 10 next generation female CEOs voted by Forbes Vietnam in 2024

VIET NAM
Wednesday, November 13, 2024

The 10 female CEOs selected met many criteria such as creating positive change, leaving a personal mark and having inspirational leadership.

Nguyen Ngo Vi Tam was appointed CEO of Vinh Hoan in 2016 after 13 years with Photo captionthe company. Vinh Hoan is currently the largest pangasius exporter in Vietnam, continuously maintaining the No. 1 position since 2009.

During the 2016-2023 period, Vinh Hoan's revenue and profit (after tax) increased by 40% and 62% respectively. In 2023, Vinh Hoan's revenue reached over 10 trillion VND (U$D 395M).

CEO Vinh Hoan has a bachelor's degree in law and a master's degree in business administration from Maastricht School of Management (Netherlands).

Working for the YKVN law firm, Vi Tam assisted Vinh Hoan in resolving the anti-dumping lawsuit against the United States in 2002-2003. Winning the affection of Vinh Hoan founder Truong Thi Le Khanh, she joined this private company.

Starting as a sales team leader, she rose through the ranks, proving her ability and dedication to her work, and was given an executive position at the age of 37.


In Brief - Seven & i to close all eight stores in Israel

ISRAEL
Wednesday, November 13, 2024

It was revealed on the 12th that Seven & i Holdings had closed all eight of its convenience stores in Israel by the end of July.

It appears that the company decided that it would be difficult to continue its business due to ongoing fighting between Israel and the Islamic organization Hamas.

Seven-Eleven targets store sales of 30 trillion yen in fiscal 2030 to counter takeover bid

The company opened its first store in Israel in January last year. It sold sandwiches, salads, and other foods that comply with Jewish law. A spokesperson for the company explained that it was "not withdrawing from the country."

7-Eleven began operations in Israel only early 2023 year, with plans to open some 400 more outlets.


IN BRIEF - Ailing economy, high demand for fish

CHINA
Wednesday, November 13, 2024

QUINGDAO - Cornelis Vrolijk did the honors for the Netherlands at the large China Fisheries & Seafood Expo last week in Qingdao. The Vrolijk group, no stranger in China, was the only Dutch stand holder among the more than 1,600 exhibitors.

Since its first edition in 1996, the annual fish fair has grown enormously. With an exhibition floor of 45,000 square meters and around 35,000 visitors, it is one of the largest fish fairs in the world, since 2019 in Qingdao's new Hongdao International Convention and Exhibition Center, the largest exhibition complex in northern China.

Cornelis Vrolijk, including Primstar, speaks through director Annerieke Vrolijk of a successful busy fair. "It was nice to welcome our Asian customers. Despite the ailing economy in China, we see that the demand for our products is growing, and we hope to continue this trend in 2025."

With 1.4 billion inhabitants and a love of all things swimming, China remains a promising growth market for fish. According to agricultural specialists at Rabobank, China is looking beyond its borders to meet increased domestic demand. China is expected to import around 29 billion dollars in 2030, which will make it far surpass the United States as a huge fish market.


Other Media | EuropaAzul: Biolan, Adisseo and Cargill merge into Sustainable Shrimp Partnership

ECUADOR
Wednesday, November 13, 2024

The companies Biolam, based in Zamudio (Bizkaia), Adisseo and Cargill have merged into the Sustainable Shrimp Partnership. This alliance aims to integrate the entire production chain of the shrimp sector, involving producers, suppliers and other entities with a shared commitment to sustainability.

The Sustainable Shrimp Partnership (SSP) recently announced the entry of Adisseo, BIOLAN and Cargill as new associate members, consolidating a strategic alliance aimed at transforming aquaculture towards more responsible, sustainable and transparent practices. This step represents a strengthening of the SSP's mission, which aims at sustainable shrimp production on a global scale.

Source: EuropaAzul l Read the full article here

 


Other Media | fishfarmingexpert: Is a stock market listing on the menu for BioMar?

DENMARK
Wednesday, November 13, 2024

The owner of aquafeed manufacturer BioMar may list the company separately, it has announced.

Industrial conglomerate Schouw & Co., which is listed on the Copenhagen Stock Exchange, has owned BioMar for 19 years and would continue to hold a majority stake.

Schouw & Co. has initiated an evaluation of a possible separate listing of BioMar. Since BioMar became part of the Schouw & Co. Group in 2005, we have grown to become a leading global producer of sustainable aquaculture feeds and have increased our revenue by almost six-fold. A potential separate listing of BioMar could provide the right platform for BioMar to continue our growth trajectory

Source: fishfarmingexpert l Read the full article here

 


Other Media | iPac.acuicultura: The National Aquaculture Congress returns to Vigo in 2026

SPAIN
Wednesday, November 13, 2024

The Sociedad Española de Acuicultura (SEA) has announced that Galicia has been chosen as the venue for the 2026 National Aquaculture Congress (CNA). With this decision, the CNA returns to Vigo after the city hosted this biennial event, a benchmark in Spain, 19 years ago, in September 2007. It will take place the first week of June.
 
The Spanish Aquaculture Society highlights the relevance of both the industrial activity and the exceptional level of research carried out in Galicia; a community that, on the other hand, was the original promoter of the meeting, with its first edition being held in O Grove in 1985.
 
Source: iPac.acuicultura l Read the full article here

Other Media | The Fish Site: Onda announces expansion into whiteleg shrimp research

CANADA
Wednesday, November 13, 2024

Onda, an aquaculture research company, has announced the launch of trials focussed on whiteleg shrimp nutrition and health, facilitated through a strategic partnership with an external aquaculture facility in Brazil.

Onda, a Canadian aquatic contract research organisation, has announced the opening of a satellite location in Brazil to expand services to include work with whiteleg shrimp. Through this expansion, the company aims to address a suite of performance indicators crucial to sustainable shrimp farming, including hatch success, growth rate, feed efficiency, survival rate, and disease resistance.

Source: The Fish Site l Read the full article here

 


Other Media | Fish Focus: Aquaculture Market Outlook 2034: Key Insights and Emerging Opportunities

WORLDWIDE
Wednesday, November 13, 2024

The global aquaculture market is poised for remarkable expansion by 2034, driven by a combination of technological advancements, consumer demand for sustainable seafood, and innovations that make aquaculture more efficient and less resource-intensive. The adoption of collaborative robots, or “cobots,” is one of the most transformative trends in the industry, aiding in various aquaculture processes and promising to shape the future of this market.

Source: Fish Focus l Read the full article here

 


IN BRIEF - Russia Plans $8.85 Billion in Fish and Seafood Exports by 2030

RUSSIAN FEDERATION
Wednesday, November 13, 2024

According to the All-Russian Association of Fisheries Enterprises (VARPE), Russia aims to increase its fish and seafood exports to $8.85 billion by 2030, exceeding the initial target of $8.5 billion. Achieving this goal will require boosting exports by 1.5 times compared to 2021 levels.

VARPE’s analysis highlights significant growth potential in key product categories, including frozen pollock, cod, crab, and various types of caviar. Target markets for this expansion include China, South Korea, Japan, and EU countries. The forecast takes into account global market changes, including sanctions and geopolitical factors.

VARPE also emphasizes that abolishing export duties will be essential to meeting these projections, especially as demand for fishmeal rises alongside the growth of aquaculture—an industry expanding amid stagnation in global wild fish production.


IN BRIEF - With new drops, tilapia prices return to 2022 levels

BRAZIL
Tuesday, November 12, 2024

There were 1.7 thousand tons shipped in October, an increase of 8.1% compared to the previous month. Compared to the same period in 2023, the volume almost doubled.

In October, tilapia prices continued to fall in almost all markets monitored by Cepea, returning to the levels observed in 2022.

Click on the image to enlarge

Cepea researchers explain that this scenario is a reflection of the high supply of fish and the weakened demand.

Given the high domestic availability, Brazilian exports of tilapia (fillets and secondary products) have increased significantly.

According to data from Secex compiled by Cepea, 1.7 thousand tons were shipped in October, an increase of 8.1% compared to the previous month. Compared to the same period in 2023, the volume almost doubled.

Source: Cepea Advisory


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