The stock prices of several major players in the Chilean salmon farming industry are on the rise as investors react to the changing dynamics in the sector caused by the toxic algae bloom, which is blamed for the deaths of millions of fish in the country’s Region X.
More than 90,000 tons of farmed Atlantic salmon and 5,000 tons of Coho salmon had has been lost as a result of an algal bloom that began in late February and continues to taint the… Read More
Singaporean firm Sakae Holdings has agreed to purchase a majority share of Chilean canned and frozen seafood producer Cocosa Export on 6 March.
Sakae Holdings will pay USD 3 million (EUR 2.7 million) for a 51 percent stake in Cocosa Export, paid in two installments over two years. Cocosa Export’s founder, Julio Leonardo Pérez Gutiérrez, will retain a 49 percent share of the company.
Sakae Holdings’ primary business is the operation of… Read More
The United States and 17 Pacific Island nations have reached an agreement to restore the South Pacific Tuna Treaty (SPTT), which the U.S. withdrew from in January in a dispute over the high costs of the treaty.
U.S. tuna fishing vessels are back at sea following the accord, which lowered the number of fishing days the U.S. must pay for and lasts through the end of 2016. The total U.S. commitment for 2016 has been reduced from USD 90 million… Read More
The Gulf of Maine Research Institute is predicting a “very” to “extremely” early start to the lobster season in Maine, based on warmer water temperature readings due to a mild winter.
The institute is forecasting a 47 percent chance the season will start three weeks earlier than normal and a 50 percent chance it will start two week early. That may mean Maine lobstermen will hit their high-landings period as early as mid-June.
“So… Read More
With a large investment in its presentation at Seafood Expo North America, Seafood Scotland believes it made an impression that will result in increased exposure and sales.
Clare MacDougall, the trade marketing manager for Seafood Scotland, said her organization brought celebrity chef Mark Greenaway as well as four Scottish fishers with them to the show in Boston 6 to 8 March, and hosted a four-course meal for invited guests catered by… Read More
Bornstein Seafood introduced a new tuna product March 8 at Seafood Expo North America.
The company, headquartered in Bellingham, Wash., gave out samples of its “Wild North Pacific Smoked Albacore Tuna” on the showroom floor in Boston from March 6 to 8.
Bornstein’s smoked tuna is all natural, MSC-certified and harvested hook-and-line, according to a press release from the company. It is offered in both club and retail pack options as well… Read More
A new study launched Thursday, 10 March with aims of creating cost-effective management tools and practices for Europe’s aquaculture sector.
The Tools for Assessment and Planning of Aquaculture Sustainability (TAPAS) project is led by the University of Stirling (U.K.) and funded by the European Commission with almost EUR 7 million (USD 7.8 million) over the next four years.
Trevor Telfer, a professor with the university’s Institute of… Read More
Antarctica Advisors International Co. has opened a new office in Santiago, Chile.
The company, with headquarters in Miami, Fla., is an independent strategic and financial advisory firm focused on transactional services in the food industry.
The new office in Santiago will support the company’s growth in South America and allow the firm to better service its corporate clients in the region, according to a press release.
“The opening of our… Read More
Ahold USA announced it will only sell sustainably- and responsibly -sourced seafood at all of its supermarket retail counters.
The company created its own standard that factors in certifications such as Marine Stewardship Council, Aquaculture Stewardship Council and Best Aquaculture Practices certifications. In addition, the company’s own seafood brands, Nature’s Promise and Own Brand, are sustainably sourced.
“Sustainable seafood is the… Read More
Chile, the world’s second-largest fresh salmon exporter, has suffered losses equivalent to 90,000 tons of farmed Atlantic salmon to the recent algal bloom in the Los Lagos region of Chile, according to a spokesperson for the Chilean salmon industry group. But he and members of the industry are hoping a recent decrease in mortalities may mean the bloom is past its peak.
Felipe Manterola, the general manager of SalmonChile, said 5,000 tons… Read More