Chile is moving forward with plans to limit bottom-trawling in the country, despite warnings from one of the nation's largest unions that tens of thousands of jobs could be lost or affected by the decision.
Chilean authorities announced in January of this year that it would limit bottom-trawling in 98 percent of its exclusive economic zone (EEZ). The changes were set to take effect in September, and Chilean Fisheries and Aquaculture… Read More
An escape of 650,000 salmon after a storm in July will result in a USD 3.5 million (EUR 3 million) reduction in Marine Harvest’s Chile operational earnings before interest and taxes (EBIT) for the second half of 2018, according to the company. A deadline to catch 10 percent of the escaped fish or risk facing further penalties is set to expire on 3 September.
The company reported the reduction in its earnings report for the first half of… Read More
A sudden change in regulations that would affect the density allowed in Chilean salmon farms has riled the industry.
Chilean Minister of Economy, Development and Tourism Josè Ramòn Valente confirmed the government’s plan to move forward with changes to rules on salmon-pen density limits at a meeting with representatives of 23 salmon farmers that operate in Chile’s salmon-producing regions. Valente confirmed that… Read More
Chilean animal protein giant Agrosuper will halt plans to list Chile’s largest national salmon farmer AquaChile on the Oslo Bors exchange, and is strengthening its salmon business to grow its global exports.
Agrosuper announced on 4 August it had reached an USD 850 million (EUR 736.4 million) agreement to buy 67 percent of AquaChile from Holding Salmones Ltd. and Inversiones Patagonia Ltd., Agrosuper will pay USD 0.73 (EUR 0.63) per… Read More
The consolidation of Chile’s salmon sector continues with news that the majority shareholders of AquaChile have agreed to sell 67 percent of the company to Chilean food giant Agrosuper in a deal worth USD 850 million (EUR 736.4 million).
Agrosuper is a leading domestic supplier of chicken, beef, and pork. According to the company’s 2017 annual report, the firm had approximately USD 2.5 billion (EUR 2.14 billion) in total sales of… Read More
Los Fiordos has closed the acquisition of fellow Atlantic farmer Friosur for USD 229 million (EUR 196.4 million), culminating a sale process that involved some of Chile’s biggest names in salmon as suitors over several months.
According to a filing with Chile’s securities regulator SVS, Los Fiordo’s parent company Agrosuper confirmed that the deal had been accepted in writing and also included Piscacola Hornopiren and Salmones… Read More
Multiexport Foods and AquaChile became the first Chilean salmon farmers to report results for the first quarter of 2018. Both reported profits and felt the impact of lower prices for Atlantic salmon. However Multiexport saw its revenue fall and also ceded in profits, while AquaChile had a slight revenue dip and a profit increase compared 2017.
According to Multiexport’s investor presentation for the quarter, the firm recorded USD 121.8… Read More
Aquaculture feed supplier BioMar said that its ATC Patagonia research and development facility in Chile has successfully completed its first year and reached 75 percent of its research capacity during 2017.
In a statement, BioMar said that the facility, announced in February 2017, worked with 12 projects focused on three species: Atlantic salmon, rainbow trout, and coho salmon, at different stages of their development.
The ATC Patagonia… Read More
The CEO of Chilean salmon farming firm Camanchaca, Ricardo Garcìa Holtz, has been named the new president of the Chilean Salmon Marketing Council (CSMC), replacing Arturo Clément who now sits as president of the industry association SalmonChile.
According to a report in mundoacuicola.cl, Garcìa was confirmed in an anonymous decision by the CSMC’s board of directors, who also named Luis Hernàn Bustos, a… Read More
Peru’s National Fishery Society (SNP) welcomed an increase in efforts to locate eight missing crewmembers following the collision of two fishing vessels off the coast of the port of Chimbote last week.
According to a statement from the SNP, the collision occurred on 11 April between two fishing vessels, one owned by its member, the Austral Group, and the other owned by the Segjona Corporation (SAC).
Local radio station Radio RSD… Read More