Supply & Trade
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The Icelandic fishing fleet generated first-sales of fisheries products worth ISK 123.7 billion (USD 1 billion, EUR 902.1 million) in the 12 months through September 2018, up 13.2 percent year-on-year.
New figures issued by Statistics Iceland find that the rise in value was the result of greater earnings in the demersal, flatfish, and shellfish categories, which had offset a small reduction in the pelagic value.
Iceland’s demersal catch… Read More
The number of food safety inspections conducted by the U.S. Food and Drug Administration has dropped since the country’s federal government shutdown began nearly three weeks ago. However, the FDA’s top official went to social media on Wednesday, 9 January, to outline his agency’s actions while lawmakers and the Trump administration attempt to settle their impasse.
“We’re taking steps to expand the scope of food… Read More
Government officials and bankers involved in a USD 200 million (EUR 175 million) tuna loan scam in the African country of Mozambique were recently arrested.
Former Mozambique Finance Minister Michael Chang was arrested in South Africa on 5 January after the U.S. Department of Justice for the Eastern District of New York indicted Chang; three former Credit Suisse bankers; and Jean Boustani, an executive with Privinvest, which supplied boats and… Read More
Amazon and Walmart – along with a host of other major retailers – battled for their share of the lucrative online grocery market in 2018. But which companies will achieve the most growth in 2019? And how will they succeed in the competitive market?
One thing is clear: Consumer demand for buying groceries online is not slowing down in the United States. Overall spending on online groceries in America is forecasted to… Read More
Exports have hit an all-time high at one of China’s leading distant-water ports, which is reporting strong growth in exports of processed products to developing countries – which in many cases are also the focus of China’s distant water fleets.
In the first 10 months of 2018, the port city of Quanzhou shipped 140,140 metric tons worth USD 408 million (EUR 355.5 million), figures that are up 42.1 percent and 50.9 percent,… Read More
The new Pacific Salmon Treaty went into effect on the first of the year after the treaty’s last 10-year iteration expired on its own terms on 31 December.
The Pacific Salmon Treaty is renegotiated every decade between the United States and Canada to govern salmon catch, research, and enhancement in Alaska, Oregon, Washington, and British Columbia.
The Alaska Department of Fish and Game made public last week the sections of the… Read More
Kiyoshi Kimura, president of restaurant chain Sushi Zanmai, has shelled out big bucks again to get his company’s name in the news worldwide.
Kimura made the winning bid for the highest-priced Pacific bluefin tuna at the first tuna auction of the year at Tokyo’s new Toyosu Market on 5 January.
The chain is overshadowed in size by rival conveyor-belt sushi chains Hamazushi (more than 400 outlets), Akindo Sushiro (more than 500… Read More
Results of a new study into the market for mussels in France show that imports from outside the European Union have increased substantially over the past few years, particularly from Chile, with further growth expected.
Mussel farming in Chile has grown from a standing start in 2000 to become a force to be reckoned with, and now has an annual production of more than 300,000 metric tons (MT).
Seafood experts Via Aqua have continued the work of… Read More
The Modernizing Recreational Fisheries Management Act is now officially a law.
The White House announced on Monday, 31 December, that President Trump signed U.S. Sen. Roger Wicker’s bill, which the Mississippi Republican has said would improve conservation efforts and also help communities that rely on recreational fishing for their economies.
In a statement, Trump said the act strengthens regional fishery management councils. Namely, it… Read More
Yu Kangzhen, China’s vice minister for agriculture with responsibility for fisheries, has been encouraging China’s distant-water fishing companies to increase their efforts, while promoting large infrastructure projects at home to handle the growing volume of total catch.
Yu recently visited and inspected plans for the Zhoushan National Distant-Water Fishery Base, a 6.2 square-kilometer site that local officials and industry… Read More