SeafoodSource.com covers breaking news articles that pertain to the global aquaculture industry.
Several Atlantic Canada fish farms are being sued by the Atlantic Canada Opportunities Agency for more than $1 million in overdueloan payments. The federal agency has filed several claims in the past year against aquaculture firms that received funding.
The most recent case filed this week in the Court of Queen's Bench in Saint John, New Brunswick, is against two Deer Island-based operations, Tidal Run Aqua and Simpson's Island Salmon, for more… Read More
Aquaculture's contribution to the Philippine economy is growing. The country's farmed seafood production increased 8.7 percent in 2008, outpacing total agriculture and fisheries production at 3.9 percent.
Due to the trend, the Bureau of Fisheries and Aquatic Resources (BFAR) is stepping up promotional efforts for aquaculture. BFAR Director Malcolm Sarmiento said the timing is perfect to encourage fishermen to transition from harvesting to… Read More
Cold weather from China’s mainland has caused heavy damage to fish farms in southern Taiwan, killing about half of the cultured milkfish in Tainan County.
The cold fronts arrived so quickly yesterday that farmers did not have time to take action to protect fish stocks. Fish farm operators are now working to cover ponds and pump in warm water in an attempt to save the fish.
Clam growers raising milkfish in the area also suffered heavy losses.… Read More
Bell Aquaculture has retained investment bank SDR Ventures to raise $15 million in equity capital, the Albany, Ind., USA, yellow perch farm announced yesterBell Aquaculture has retained investment bank SDR Ventures to raise $15 million in equity capital, the Albany, Ind., USA, yellow perch farm announced yesterday.
The equity capital is the first step in allowing the United States’ largest yellow perch grower to increase annual production from… Read More
Cooke Aquaculture of Blacks Harbor, New Brunswick, will add about 50 workers to its farmed salmon processing facility in Machiasport, Maine, according to a report in The Quoddy Times, a bimonthly newspaper.
The Maine facility, which was originally expected to open this month, began processing in November. Operating as True North Maine, the site has 53 employees, including management. The plant is running 40 to 50 hours weekly, processing about… Read More
ISA, an influenza-like virus that afflicts fish but not humans, has stymied Chile’s farmed salmon industry over the past year-and-a-half, forcing companies to curb production and lay off workers.
An ISA outbreak occurred 10 years ago in Scotland, costing its farmed salmon industry £37 million (US$53.7 million) and 200 jobs. Also, supermarkets refused to sell fish originating from any of the 35 farms confirmed or suspected to have the… Read More
Indonesia’s aquaculture output is projected to increase 45 percent, to 7.4 million metric tons, in 2009, surpassing wild fisheries production, says Soen’an Hadi Poernomo, head of information at the Indonesian Ministry of Marine Affairs and Fisheries.
Wild fisheries output is expected to increase just 2 percent, to 5.5 million metric tons, next year.
The rise in aquaculture is credited partly to the Indonesian government’s efforts to steer… Read More
Australis Aquaculture today announced it received an additional $1 million loan to be used primarily for working capital purposes.
The funds, from WM Capital, will be consolidated with the two loan notes issues in September and October, bringing Australis’ total loans to $2.75 million.
Australis is continuing its efforts to secure additional financing that will allow it to continue expanding its aquaculture and contract production operations in… Read More
California Sea Grant on Tuesday announced that it awarded $1.4 million to support six marine research projects to begin in February, one of which will study ways to reduce fishmeal in feed for yellowtail and white sea bass.
The goal of the aquaculture study is to reduce the amount of fishmeal and fish oil in yellowtail and white seabass feeds, without impeding fish growth rates or otherwise compromising fish health.
“Ecosystem-based management… Read More
Responding to shrinking bluefin tuna quotas worldwide, Japanese firms plan to increase aquaculture efforts of the prized species. In Japan alone, an estimated 10,000 metric tons of bluefin will be farmed next fiscal year, running from April 1 to March 31, 2010. Maruha Nichiro, Kyokuyo and Nissui Group produce one-third of the total farmed bluefin in Japan.
Maruha Nichiro, through subsidiary Maruha Nichiro Seafood, announced plans to operate a… Read More