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Other Media | iPac.acucultura: Perception of the risk and potential of algae aquaculture in Chile

CHILE
Friday, May 10, 2024

Although algae cultivation in Chile is a reality, production is still very low. Much of the potential surface area for algae production is still unexploited. These characteristics, together with growing seaweed exports, the need for imports in the industrial sector, and seasonal and fluctuating production, suggest a high potential for small-scale seaweed aquaculture in Chile; However, the sector remains underexploited.

It is in this context that a group of researchers from the University of Biobío, the University of Concepción, the University of Florida and (INCAR) have investigated the potential of algae cultivation considering the high incidence of risk for its low production.

Source: iPac.acucultura l Read the full article here


Other Media | Fish Focus: Support from French retailers for Global Tuna Alliance

FRANCE
Friday, May 10, 2024

The Global Tuna Alliance (GTA) has announced a surge of support from French retailers, marking a monumental step in their mission to drive global change in tuna fisheries. This support comes as they kick off their Indian Ocean Tuna Commission (IOTC) campaign, aiming to transform the Regional Fisheries Management Organization (RFMO) and enhance sustainable practices within the industry.

Source: Fish focus l Read the full article here


Other Media | SalmonBusiness: Was Russian sabotage behind railway line wreck that cost fish companies $370 million in losses?

NORWAY
Friday, May 10, 2024

The 76-day closure of the track resulted in losses nearing $370 million for fish transport alone.

Investigations into a train derailment on the Ofoten line, a critical artery for northern Norwegian salmon exports, have intensified amid suspicions of possible Russian sabotage.

The 43-kilometer long line runs from Narvik in Norway to Riksgränsen on the Norway-Sweden border. It’s electrified, single-track, and features seven stations.

Source: SalmonBusiness l Read the full article here


Other Media | SeafoodSource: Japanese food industry powerhouses target US with new SUSHI-TEN USA joint venture

UNITED STATES
Friday, May 10, 2024

Japanese firms Royal Holdings Co., Choushimaru Co., and the Sojitz Corporation are establishing a joint venture in the U.S. called SUSHI-TEN USA.

The venture, to be based in Irvine, California, U.S.A., has USD 6 million (EUR 5.6 million) in capital to “create a new line of business centered on Japanese sushi tailored to the needs of the U.S. market,” the three companies said in a press release.

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


IN BRIEF - Fish farming is growing

FRANCE
Thursday, May 09, 2024

The year 2024 augurs change for fish farming in Paca: two new concessions have been awarded by the state services, reports Produit de la Mer. 

Decisions rare enough to be noted, the fish farming sector bringing together less than ten producers. Among them, are a majority of artisans. This is the case of Jérémy Vantouroux, 26, who obtained a 5,000 square meter concession at the end of 2021 located in Lazaret Bay, in the Var. He aims to produce between 5 and 7 tonnes of sea bass (sea bass), sea bream, and lean meat each year to sell to individuals and restaurateurs. “When I saw that a colleague had managed to obtain his concession in 2020, I said to myself ‘Why not me’ ”, he says. 

This type of installation is very rare for several reasons. There is a lack of maritime space in coastal areas. This is why the Dirm (interregional sea directorate) is currently revising the regional aquaculture development plan which makes it possible to identify areas suitable for aquaculture. Setting up represents a very heavy financial cost, especially since the growth period of the fry is long (it takes three years to start marketing).

Aquafrais Cannes, a market leader in the region, is also at a turning point in its history. The company obtained a new concession of 24,000 square meters a few months ago, which should allow it to double its production within two years, going from 600 to 1,200 tonnes produced per year.

Author/Source:Feriel ALOUTI / Produit de la Mer


IN BRIEF - France and China reiterate their commitments to the oceans

FRANCE
Thursday, May 09, 2024

France and China adopted a joint declaration “for enhanced cooperation” on biodiversity and the ocean on Monday, May 6, on the occasion of Xi Jinping’s state visit. Without any major announcement but with the promise to keep their commitments.

A  joint declaration for strengthened cooperation between France and China on biodiversity and the ocean was adopted by the two countries on the second day of Chinese President Xi Jinping's state visit to France, from 5 to 7 May. This is in particular intending to find common positions before the next United Nations conference on the oceans (Unoc), which will be held in June 2025 in Nice.


IN BRIEF - Russia's 'Crab King' side files an appeal

RUSSIAN FEDERATION
Thursday, May 09, 2024

Sentenced to prison for abetting murder the large fishing businessman Oleg Kan is wanted in a murder case; he is also accused of smuggling worth RUB 2.6 billion. Lawyers reported that he had died and asked to close the case. The prosecution called this statement false

On the 7th, defense attorneys for Oleg Kang, who was sentenced to 17 years in prison for his role in the murder of a businessman in 2010, filed an appeal against the sentence. Multiple Russian media outlets reported on the same day.

The death of businessman Oleg Kan, known as the “crab king,” was staged. This was stated by a representative of the Prosecutor General's Office during a meeting of the arbitration court on the department's claim against Kan and several other fishing owners.

The Prosecutor General's Office indicated that the registry offices of St. Petersburg and the Sakhalin region presented the same certificates stating that Kan's death was not registered. In addition, relatives did not contact the registry office, although the law requires filing a statement about the death of a person if it becomes known.

In February 2020, the Khabarovsk Regional Court granted the investigation's request to arrest Oleg Kan in absentia. The entrepreneur was accused of organizing the contract murder of businessman Valery Phidenko in 2010.

In the second criminal case, which was sent to the court of Yuzhno-Sakhalinsk, Oleg Kan is accused of organizing a criminal community, smuggling live crab to Japan.


IN BRIEF - Nissui acquires Musashino Foods

JAPAN
Thursday, May 09, 2024

The Iwate company becomes the production base for in processed seafood products for raw consumption.

Nissui Co., Ltd. (Representative Director and President Executive Officer Shingo Hamada, Minato-ku, Tokyo) announced that Musashino Foods Co., Ltd. (Representative Director and President Kazumi Musashino, Rikuzentakata City, Iwate Prefecture), which has strengths in processed seafood products for raw consumption, will acquire the company by transferring all its shares.

It will serve as the Nissui Group's production base for processed marine products for raw consumption, and will be linked to the marine products business's objectives of the medium-term management plan "Good Foods Recipe 1" (FY2022-2024): "expanding the aquaculture business" and "promoting the use of food products."

All employees of the company will continue to be employed.

The company has expanded its business with a focus on frozen-sliced sushi products. Taking advantage of this acquisition, Nissui will utilize its production capabilities to begin producing products for raw consumption, such as sushi ingredients, using Nissui's domestic and international farmed fish and wild fish.

As a first step, Nissui Group will collaborate with a salmon farming business in Hirota Bay in the same


IN BRIEF - Maruha Nichiro's ordinary profit increased by 3% this fiscal year

JAPAN
Thursday, May 09, 2024

The previous fiscal year's dividend was increased by 15 yen, and this fiscal year's dividend will be increased by 15 yen individual stocks

Maruha Nichiro [TSE P] announced its financial results after the market close on May 7th (15:00). Consolidated ordinary income for the fiscal year ending March 2024 was 31.1 billion yen, down 7.1% from the previous fiscal year, but is expected to increase by 2.9% from the previous fiscal year to 32 billion yen for the fiscal year ending March 2025. This is the fourth consecutive year of increased sales.

At the same time, the annual dividend for the previous fiscal year was increased from 70 yen to 85 yen (65 yen in the previous fiscal year), and the company has decided to increase the dividend this fiscal year to 100 yen, an increase of 15 yen from the previous fiscal year.

Consolidated ordinary income for the January-March quarter (4Q), which is the results for the most recent three months, fell significantly to 870 million yen, down 66.9% from the same period of the previous year, and the operating profit margin deteriorated from 1.1% to 0.5% in the same period of the previous year.


Other Media | The Fishing Daily: Pelagic Advisory Council Raises Concerns Over EU Regulation Implementation

EUROPEAN UNION
Thursday, May 09, 2024

In a letter addressed to Ms. Charlina Vitcheva, the Pelagic Advisory Council (PelAC) has voiced concerns regarding the process of adopting a delegated act under EU Regulation 2023/2842.

Specifically, PelAC members are apprehensive about the criteria used to define conditions pertaining to the landing and weighing of fish catches, as well as the subsequent listing of compliant ports.

Source:  Oliver McBride / The Fishing Daily l Read the full article here


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