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.
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Puerto Montt, Chile-based salmon-farming firm Salmones Camanchaca returned to profitability in the fourth quarter of 2024, posting net earnings of USD 3.9 million (EUR 3.6 million) compared to a USD 6.5 million (EUR 6 million) loss in the same quarter of 2023.
The earnings spike came as Salmones Camanchaca harvested 13,689 metric tons (MT) whole fish equivalent (WFE) of Atlantic salmon in the quarter, which was 56 percent higher than the harvest
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Puerto Natales, Chile-headquartered aquaculture firm AquaChile has opened its first branch in the U.S., aiming to further cement its position within its largest export market.
The new branch, located in Medley, Florida, in the Miami metropolitan area, “reinforces the company's strategy to bring its seafood to one of the most dynamic and demanding markets in the world,” AquaChile said in a release.
The branch will have a team of more
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Ecuador has announced plans to partner with Erik Prince – the founder of a notorious U.S. private defense contracting firm – to combat organized crime and fight illegal, unreported, and unregulated (IUU) fishing in the country.
“Organized crime has sown fear and has believed that it can operate with impunity. Their time is running out. International aid will begin in Ecuador,” Ecuadorian President Daniel Noboa said on X.
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Salmon has long been marketed as a superfood to consumers, providing high amounts of protein, vitamins, minerals, and omega-3 and omega-6 fatty acids.
However, entrepreneurs across several industries are recognizing salmon’s versatility outside of the food sector.
For example, byproducts that were once thrown out within the industry’s production processes are now considered a valuable commodity in the manufacture of sustainable
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Peru’s anchovy fishery is the largest fishery by volume in the world, with its landings significantly determining supply and pricing for the global fishmeal and fish oil sectors.
Peru’s successful 2024 anchovy catch of more than 4.8 million metric tons (MT) was made possible thanks to favorable oceanographic conditions, coupled with timely regulatory decisions made at the opening of both seasons, according to the Peruvian National
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Ecuador exported less shrimp by both volume and value year over year in 2024, with big decreases seen in shipments to China.
Ecuador exported 2.67 billion pounds of farmed shrimp in 2024, bringing in USD 6.07 billion (EUR 5.79 billion), representing decreases of 0.2 percent and 3.5 percent, respectively, when compared to 2023, according to figures from Ecuador’s National Aquaculture Chamber (CNA).
Ecuadorian shrimp shipments to China, the
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Durán, Ecuador-headquartered shrimp processor and exporter Empacreci is evaluating whether to pursue the export of live shrimp in an attempt to further penetrate the U.S. market, Empacreci Packaging Manager Daniel Crespo told SeafoodSource.
“Our main market is Europe, but the United States has a strong representation of our exports as well, making up about 30 percent,” he said.
Empacreci has made several moves over the past
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A major power outage hit Chile at 3:16 p.m. on Tuesday, 25 February, affecting the entire nation.
While most of the power had been restored by midnight, the event raised concern in the country’s salmon-farming industry.
Chile’s National Electricity Coordinator (CEN) reported that the electric supply interruption was caused by a disconnection of the transmission system in the north of the country, affecting areas from the northernmost
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A slew of court rulings in Chile have upheld auditing efforts by the National Fisheries and Aquaculture Service (Sernapesca) to ensure that the nation’s salmon-farming firms toe the line when it comes to environmental sustainability.
Recently, the Court of Appeals of Puerto Montt ratified a court ruling ordering farming firm Aquacultivos to pay a fine equivalent to CLP 54 million (USD 56,800, EUR 54,700) for failure to maintain the
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The Chilean Salmon Council was established in 2020, joining two other salmon associations – SalmonChile and the Magallanes Salmon Farmers Association – in representing the interests of Chile’s second-largest export industry.
The council’s members – AquaChile, Australis, Cermaq, Mowi, and Salmones Aysén – collectively represent more than half of salmon production in Chile.
SeafoodSource spoke with
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