LATAM Airlines, the carrier that transports the most amount of salmon from Chile, has filed for chapter 11 bankruptcy protection in the United States.
“When the pandemic started, LATAM entered this crisis as a healthy and profitable group of airlines, but we are subject to exceptional circumstances that have led to a collapse in global demand for our services, and we are currently operating approximately 5 percent of our passenger… Read More
Puerto Montt, Chile-based salmon farmer Yadran saw record-high harvests in 2019, but lower sales prices and flat operational costs dragged on its bottom line, according to information found in the company’s yearly report.
The company’s salmon production inched up 0.6 percent in 2019, reaching 28,053 metric tons (MT), of which 25,813 MT were exported. However, owing to lower sales prices, revenue fell 4.8 percent to USD 178 million… Read More
The Fisheries and Aquaculture Committee of Peru’s National Society of Industries (SNI) has called on the government to take action to help Peruvian fishing firms better respond to problems brought on by recent anomalies.
On one hand, the government ban on the fishing of hake has been lifted –and the marine resource has shown a remarkable recovery in biomass – "but oceanographic anomalies for much of 2019 and the beginning of… Read More
The salmon industry in southern Chile’s Magallanes Region will invest more than USD 286 million (EUR 264 million) in farming and processing projects over the next two years ...
Photo courtesy of… Read More
Four Chilean companies – AquaChile and Salmones Aysén, as well as the local units of Cermaq and Mowi – have come together to form the Chilean Salmon Council, which looks to “contribute new perspectives to the salmon farming of our country,” the companies announced in a press release.
“We form part of an industry that started working very timidly but that has developed, grown and professionalized over the… Read More
The launch of the first season for anchovy fishing in Peru’s north-center region has been set for 13 May, with Peru’s Ministry of Production (PRODUCE) setting a capture limit of 2.4 million metric tons (MT).
The fishery, which targets both Engraulis ringens and Anchoa nasus for use in indirect human consumption – primarily, fishmeal and fish oil used in aquaculture production – is the largest by volume in the world.
The… Read More
Chile’s National Fisheries and Aquaculture Service (Sernapesca) has confirmed the detection of ISA virus at the smolting tanks of local salmon farmer Marine Farm Tornagaleones’s Río Unión center ...
Photo courtesy of Marine… Read More
Authorities in Chile are investigating an attack that took place at Cermaq Chile’s Coipué salmon farm in the Araucanía region, during which the company’s administrative office was completely burned to the ground ...
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Los Ángeles, Bio Bio, Chile-based salmon farmer Salmones Austral has received approval from the country’s financial market regulator, CMF, to register the company and its shares in the securities register – the last regulatory step needed before listing on the stock exchange and launching an initial public offering.
The proceeds from the future stock market listing will go towards funding Salmones Austral’s USD 100… Read More