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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Chile’s Superintendency of the Environment (Superintendencia del Medio Ambiente, or SMA) has initiated a new sanctioning procedure against salmon farmer Santiago, Chile-based Australis Mar for overproduction.
The new sanction procedure is against Australis’s 20-hectare Estero Retroceso grow-out center in Chile’s Magallanes Region, in the southern part of the country. The new procdure is the sixth case that SMA has opened
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Puerto Montt, Chile-based salmon-farming firm Multi X has partnered with the global supplier of aquaculture feed, BioMar, and local startup Food 4 the Future (F4F) to implement the country’s first pilot feeding plan with products made from insect protein instead of fishmeal …
Photo courtesy of Multi
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Pontevedra, Spain-based vertically integrated seafood firm Nueva Pescanova announced its year-end results, showcasing strong sales and higher earnings …
Image courtesy of Nueva
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Chilean salmon farmer Australis Seafoods, owned by China’s Joyvio Group, has named industry veteran Andrés Lyon as the its new CEO – replacing Ricardo Misraji – in a move that the company said looks to drive new development and consolidate ongoing operations.
Lyon, an industrial civil engineer, has nearly 25 years of experience in the industry. Up until the announcement, he was a member of the board and vice president of
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Chile’s Superintendency of the Environment (SMA) is bringing charges against salmon farmers claiming they overproduced at production centers located within the Kawésqar National Reserve in the southern region of Magallanes.
If found guilty, the farmers risk revocation of their environmental permit, closure of operations, or fines of an amount equivalent to up to CLP 3.3 billion (USD 4 million, EUR 3.73 million).
The alleged
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Pontevedra, Spain-based vertically integrated seafood firm Nueva Pescanova has launched its first sustainability-linked promissory notes in the alternative fixed income market of the Bolsas Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain.
The issue will be for up to EUR 75 million (USD 80.5 million), which “demonstrates its commitment to ensure the social and environmental sustainability of
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Punta Arenas, Chile-based salmon farmer Nova Austral posted a net loss of USD 11.4 million (EUR 10.6 million) in the first quarter of 2022, an improvement from the loss of USD 15.2 million (EUR 14.1 million) it saw in the same period in
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Los Angeles, Bio Bio, Chile-based Salmones Austral posted a Q1 2022 net profit of USD 1.8 million (EUR 1.6 million), versus losses of USD 9.4 million (EUR 8.7 million) in the first quarter of 2021, on the back of stronger salmon prices.
The company sold salmon at an average of USD 5.70 (EUR 5.30) per kilogram …
Photo courtesy of Salmones
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Chile will look to replace its existing fishing laws, while also strengthen environmental stewardship in the ocean, Chilean President Gabriel Boric, who took office in March 2022, said in his first address to the nation on 1 June, 2022.
“In terms of fisheries and aquaculture, we will fulfill our commitment to advance in a new law, which will be free of corruption and the result of an open and transparent debate. One that delivers clear,
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Record first quarter average prices of Atlantic salmon at USD 6.86 (EUR 6.42) per kilogram whole-fish equivalent (WFE), compared to prices of USD 4.33 (EUR 4.05) per kilogram in the same quarter of 2021, drove an increase in Santiago, Chile-based fishing and salmon-farming firm Blumar’s quarterly earnings
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