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.
Author Archive
Chilean salmon-farming firm Salmones Camanchaca has completed a strategic refinancing agreement with DNB Bank, Cooperative Rabobank U.A., and Banco Santander-Chile in a transaction that provides up to USD 140 million (EUR 120 million) in committed credit facilities, the company announced in a release.
The move will extend debt maturities and lower financing costs, further strengthening the company’s financial position, and is a sign of the
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Ecuador’s government has signed an agreement with South Korea to ease restrictions on trade, and also inked a memorandum of understanding (MoU) with Japan to promote bilateral commerce, Ecuador’s Ministry of Production, Foreign Trade, and Investments announced in separate releases.
Ecuador signed a strategic economic cooperation agreement (SECA) with South Korea on 2 September, under which 98.8 percent of Ecuador's exportable
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A new fisheries law was recently submitted to Chilean Congress to reassign industrial fishing quotas, but advances on establishing a dedicated aquaculture law in the country have slowed, cooling momentum built up over the past few years.
Currently, aquaculture activity in Chile is regulated under the nation’s general fishing law, but due to the size of the Chilean aquaculture industry and its significant differences with the fishing
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Chilean industrial fishing and salmon-farming firms closed the first half of the year positively as several companies in the South American country focused on streamlining operations in the period.
Chilean fishing and salmon-farming company Blumar’s net income came in at USD 30 million (EUR 25.6 million) during the first half of the year, surging 442 percent when compared to the USD 5.5 million (EUR 4.7 million) it posted for the first six
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Brazil’s largest beef and poultry firm, JBS, and Japanese seafood company Nissui are searching for opportunities to invest in the Chilean salmon-farming industry.
JBS has held talks with salmon-farming firms Ventisqueros and Australis in the past, but no deals have arisen yet, while Nissui has evaluated purchasing the assets of Yadrán, local paper Diario Financiero reported.
JBS, which is also Brazil’s second-largest pork
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Chile’s environmental supervisory authority, SMA, has ruled that the Chilean branch of Cooke Aquaculture must partially close two of its salmon-farming centers and has levied fines on the firm totaling CLP 1.38 billion (USD 1.42 million, EUR 1.22 million) for what it has determined were environmental crimes committed by the company.
In its 266-page, 22 August ruling, the SMA outlined nine charges and their resulting sanctions. These
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Chilean fishing and salmon-farming company Blumar announced that it will file legal action against the Chilean government over its newly enacted fishing law.
Chile’s Senate voted a new fishing quota bill into law in June to replace the nation’s previous fishing law, enacted in 2013 and originally set to last until 2032.
President Gabriel Boric said he considered the previous law to be “illegitimate and illegal” and
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Argentinian environmental NGO Circulo de Políticas Ambientales (CPA) has put forth evidence it claims proves fishing vessels which have engaged in illegal, unreported, and unregulated (IUU) fishing activities are being increasingly serviced at Chilean ports.
Using data from Global Fishing Watch and IUU data firm Skylight, the NGO said the number of vessels serviced during the first half of the year in Chile, which have allegedly engaged
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