Christian Molinari

Christian Molinari

Contributing Editor

A native of San Francisco, Christian Molinari has lived and worked in Chile for over 20 years, after having arrived in Santiago as a volunteer and falling in love with the culture and its people. He covered business news in Latin America for over a decade, worked in communications at IBM Chile, and currently freelances in strategic communications and reporting.

Published on
September 22, 2022

Chile’s Superintendency of the Environment (SMA) has opened a new sanctioning process against Australis Mar for exceeding the authorized production limits at one of its grow-out centers – the seventh such action taken by the environmental watchdog against the salmon-farming firm.

Australis Mar is a division of Puerto Varas, Chile-based Australis Seafoods, which was acquired in 2018 by Chinese foodservice giant Joyvio, a

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Published on
September 16, 2022

The Peruvian Chamber for Jumbo Flying Squid (Capecal) has signed an inter-institutional agreement with the Peruvian Sea Institute (Imarpe) for the promotion and sustainable development of the country’s jumbo squid fishery, while also promoting research of the species via the participation of artisanal fishers.

Peru is responsible for about 500,000 metric tons (MT) a year of the total 900,000 MT jumbo squid landed from the Pacific Ocean and

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Published on
September 14, 2022
Due to sanctions applied by SMA, Chile’s environmental authority, Nova Austral said it now estimates it will stock between 4.5 and 5.5 million salmon smolts this year, down from its previous projection of between 6.5 million and 7.5 million smolts. In July 2022, SMA accused Nova Austral of overproduction between 2015 to 2017 at three salmon grow-out centers in the Alberto de Agostini National Park. In response, it moved to revoke the… Read More
Published on
September 7, 2022

Santiago, Chile-based seafood firm Camanchaca has rescheduled the revolving long-term financing it contracted with the banks DNB Bank, Rabobank, and Banco Santander Chile.

The newly signed agreement modifies its tranche B financing, awarded in November 2017, totalling USD 33.3 million (EUR 33.6 million), which is fully used and was slated to amortize in 2024. The new terms increase the company's tranche B financing to USD 40 million (EUR

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Published on
September 6, 2022

Chilean citizens overwhelmingly voted to reject a proposed new constitution on Sunday, 4 September, in a move that prevents further headaches for the country’s USD 5.2 billion (EUR 5.2 billion) salmon-farming sector.

According to Servel, Chile’s elections department, 4.86 million people voted to approve the proposed constitution, while 7.88 million rejected it, meaning the measure failed 61.9 percent to 38.1 percent.

The

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Published on
September 6, 2022

Los Ángeles, Bio Bio, Chile-based Salmones Austral recorded revenue of USD 147 million (EUR 148 million) during the first half of 2022, up 5.7 percent compared to the same period of 2021.

The gains came principally due to higher salmon prices, according to the company. In H1, Salmones Austral averaged USD 5.90 (EUR 5.96) per kilo whole-fish equivalent (WFE), compared to USD 4.52 (EUR 4.57) per kilo WFE in the first six months of 2021,

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Published on
September 1, 2022

Coordinadora Arauco-Malleco (CAM) – an indigenous organization in Chile that advocates for the creation of an autonomous state for the indigenous Mapuche people in the Araucanía region, where they claim historical rights – has called for increased sabotage against industries, including the salmon-farming sector, operating in the south of the country.

CAM's statement came in response to the arrest of its leader,

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Published on
August 31, 2022

Ecuador’s Vice Ministry of Aquaculture and Fisheries of the Ministry of Production, Foreign Trade, Investments, and Fisheries (MPCEIP) has signed a confidentiality agreement with the U.S. Food and Drug Administration (FDA) in the first step of a strategic alliance with one of the Latin American nation’s main markets for shrimp exports, according to Ecuador’s National Chamber of Aquaculture (CNA).

“The purpose of this

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Published on
August 23, 2022

Santiago, Chile-based salmon farmer Salmones Camanchaca posted a positive Q2 2022, reversing the losses the company posted in 2021.  

Camanchaca continued to benefit from high market prices during Q2 2022 while the company simultaneously decreased its costs, which combined to bolster its bottom line. Net profits for the quarter came in at USD 16.9 million (EUR 16.8 million), versus a loss of USD 8.4 million (EUR 8.36 million) during Q2

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Published on
August 23, 2022

Chile’s largest salmon farmer, AquaChile, has sent its first shipment of Verlasso salmon, the company’s premium brand, to France.

“After having sent a sample of our products, we dispatched the first sale of Verlasso Salmon Ultra Premium Salmon to France, where it will be distributed in exclusive restaurants in the country,” AquaChile said on its LinkedIn channel.

AquaChile’s Verlasso ultra-premium salmon was

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