Facing a deadline to make changes to its fishing practices, Taiwan made several moves this week designed to ward off the looming threat of a damaging red card from the European Commission.
A bill increasing the penalties on Taiwan’s long-distance fleets that engage in illegal fishing has been introduced and is now up for ratification by that country’s legislature. Taiwan has also increased coordination with the government of the Philippines… Read More
EU fishing industry group Europêche responded on 14 March to an article in The Guardian (U.K) that claims a new European commission proposal leaked to the news organization reveals plans for much looser regulations of the Baltic cod fishery.
The Guardian article said the commission is planning to allow exemptions on catch limits on Western Baltic cod and North Sea sole expected to become mandatory by 2020. That move would threaten the… Read More
A fishing trawler flying the Chinese flag was sunk by Argentine defense vessels after being caught fishing illegally within the country’s exclusive economic zone, according to media reports and a press release from the Argentine Prefectura Naval, or coast guard.
According to the press release, after the Argentine coast guard ship Derbes discovered the Lu Yan Yuan Yu 010 fishing off the coast Puerto Madryn, Chubut Province on Wednesday, 14… Read More
Aker Capital AS, the subsidiary of Aker ASA, a holding company operating in the offshore fishing, construction and engineering markets, announced Wednesday, 16 March it sold 8.5 million shares of Havfisk, the Norwegian whitefish fishing company formerly known as Aker Seafood.
The shares were sold for NOK 29 (USD 3.37, EUR 3.05) each, meaning the sale netted the company NOK 246.5 million (USD 28.7 million, EUR 25.9 million). As a result of the… Read More
Americold, a provider of temperature-controlled warehousing and transportation, has hired Carl Fowler as senior vice president, business development – regional accounts.
Fowler will lead the regional development and growth strategy for the Atlanta, Ga.-based business, which provides facilities and logistical support to seafood producers, processors, distributors and retailers. Americold has more than 180 warehouses containing more than 1… Read More
Shareholders put their stamp of approval on the marriage of supermarket giants Delhaize and Ahold on Monday, 14 March, with an overwhelming percentage of votes at a special meeting backing the merger.
The meeting of Delhaize shareholders, which took place in Brussels, resulted in more than 92 percent voting in favor of Ahold’s acquisition of Delhaize. On Tuesday, 15 March, Belgian authorities gave their approval to the deal on the condition… Read More
Blumar’s Caicura salmon fattening center has suffered 100 percent mortality as a result of the algal bloom affecting Chile’s Region X, resulting in the loss of more than 1 million farmed Atlantic salmon, according to Chile’s Diario Financiero.
Since 29 February, when the algal bloom increased in size and began affecting Chilean salmon farmers, Blumar’s total losses related to the algae are 1,152,563 fish worth USD 8.02 million (EUR 7.22… Read More
Brazilian lobster fishery improvement project (FIP) is continuing to build momentum despite a political situation in the country that has made management difficult.
On 8 March, during Seafood Expo North America, all the major parties to the FIP signed a renewal of the FIP agreement and two new companies from Brazil announced their intention to join the partnership.
The FIP is a partnership between the state of Ceará, Brazil, SINDFRIO, the… Read More
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