IN BRIEF - Mowi Secures €2.6 Billion Sustainability-Linked Loan Facility
NORWAY
Monday, June 16, 2025
The five-year, multi-currency agreement underscores the aquaculture giant's commitment to green financing, with interest rates tied to ESG performance.
OSLO – Mowi, a leading global salmon producer, today announced it has signed a €2.6 billion, five-year, sustainability-linked credit facility. The agreement, finalized with a consortium of major banks including DNB, Nordea, Rabobank, ABN AMRO, Danske Bank, SEB, and Crédit Agricole, will be used for refinancing existing bank debt and for general corporate purposes.
The multi-currency facility includes a key financial condition requiring a minimum 35 percent equity ratio. It also features an "accordion" option, allowing Mowi to potentially increase the total loan amount by an additional €400 million during the period.
Notably, the interest rate of the facility is directly linked to Mowi's performance against specific sustainability indicators (KPIs), aligning with the company's broader ESG strategy. This move supports Mowi's overarching goal for all its financing to be categorized as green or sustainable, reinforcing its dedication to environmental stewardship and responsible business practices.
While Galician sailors are concerned about the scarcity of octopus in their fishing grounds—to the point that they are giving the species a three-month break, including a closed season and a biological shutdown—a few degrees northeast, in the English Channel, professionals are alarmed by the number that has appeared in one of the zones (7e) that make up what is known as the Great Sun. And they are finding not only octopus vulgaris, but also the cabezón (Eledone cirrhosa) and another variety. So much so, that the fishermen have expressed their concern to the fisheries authorities about the "impacts observed on shellfish fishing and the effects on fish populations in the surrounding areas."
Source: La Voz de Galicia l Read the full article here
Thai Union calls for collective ocean action, highlights progress through SeaChange® 2030.
As the 2025 United Nations Ocean Conference concludes in Nice, Thai Union Group PCL, one of the world’s leading seafood producers, has issued a call to accelerate collective action to conserve and sustainably use the world’s oceans. The Company also highlighted progress under its global sustainability strategy, SeaChange® 2030, and reaffirmed its long-term commitment to SDG 14: Life Below Water.
The Company’s newly released 2024 Sustainability Report details the progress Thai Union has made over the past year to advance responsible sourcing, protect marine ecosystems, and build climate resilience across global seafood supply chains.
The California Department of Fish and Wildlife (CDFW) has removed limits on sardine fishing in Southern California, declaring the fish once again safe for human consumption.
The state had initially limited sardine fishing from Point Conception south to the Mexico border after the Office of Environmental Health Hazard Assessment (OEHHA) and the State Public Health Officer at the California Department of Public Health (CDPH) determined that elevated levels of domoic acid in sardines posed a risk to human health. Domoic acid, which is a naturally occurring neurotoxin emitted by marine algae, can accumulate in fish and cause several health issues, even proving fatal in some cases, for humans.
Author: Nathan Strout / SeafoodSource l Read the full article here
Peru’s strong season steadies fishmeal supply for 2025.
Peru’s first fishing season in the north-central region, which began on 22 April 2025—one week later than the prior year—is progressing steadily, with approximately 70% of the 3-million-metric-ton anchovy quota now landed.
Anchovy landings from Peru play a critical role in global fishmeal and fish oil production, with the country contributing, on average, around 20% of global supply.
Dr Enrico Bachis, Market Research Director at IFFO, stated that the organisation’s global estimates for 2025 remain at 5.6 million tons of fishmeal and 1.2–1.3 million tons of fish oil.
Source: SalmonBusiness l Read the full article here
Landmark Project Aims to Usher in Second Wave of Emission-Free Short Sea Shipping Between Norway, Sweden, and Germany.
OSLO – Norway's state enterprise Enova is providing approximately NOK 362 million (around €30 million) in support for seven electric vessels and four charging facilities, including a groundbreaking project that could yield the world's largest battery-electric container ships. This initiative marks a significant breakthrough for emission-free shipping.
Eitzen Avanti, in collaboration with Naval Dynamics, is set to build two battery-powered ships capable of transporting 850 containers between Norway, Sweden, and Germany. Equipped with massive battery packs exceeding 100 MWh, these vessels are poised to become the largest of their kind globally.
Andreas Forsnes Jahn, Senior Advisor in Maritime Transport at Enova, stated, "These projects each show in their own way what is possible with battery electrification in shipping. The technology is now mature." He added, "If the electrification of car ferries was the first wave, we hope this will be the start of the second electrification wave in short sea shipping." The Port of Oslo is also receiving support for a vital charging facility at its Sjursøya container terminal to serve these ships.
Organized by ANFACO-CECOPESCA with the support of the Spanish Ministry of Agriculture, Fisheries, and Food (MAPA), the Tuna Awards are open to companies and non-profit organizations directly or indirectly linked to the tuna industry. Applications can be submitted in English or Spanish through www.tunaawards.com, until June 30, 2025.
Each project can be submitted to one of the following three categories:
• New Products: For bold, market-ready innovations using tuna as a main ingredient. This category recognizes unique product ideas that challenge conventional formats and add value to today's consumers.
• Circular Economy: For initiatives that maximize resource efficiency, promote reuse, or establish smart synergies with other sectors. From by-product valorization to innovative packaging and energy models, this category recognizes creativity in sustainability.
• Revolution 4.0: For advanced digital and technological solutions aimed at transforming the tuna value chain, from artificial intelligence-based traceability to automation, data integration, and smart logistics.
The awards ceremony is scheduled for the afternoon of September 10 at the iconic Celta headquarters in Vigo, as in the previous edition. It will be a key moment for networking within the international tuna community, bringing together innovators, industry leaders, and the media.
The winners of each category will receive a trophy, high visibility on ANFACO's communication channels, and two free invitations to attend ANFACO's 12th World Tuna Conference "TUNAVIGO 2025," which will take place over the following two days, September 11 and 12, at Afundación's headquarters in Vigo.
New Zealand King Salmon, one of the southern hemisphere’s leading fish farmers, has revised its profits forecast for next year following revised mortality and growth rates.
The company announced recently that it is reducing harvest volumes and experiencing lower than expected growth due to higher fish mortalities and slow growth rates.
This will affect its earnings, with the pro-forma EBITDA guidance now revised to NZ $6 million (£2.6m) to NZ $12 million (£5.3m) for 2026 , down from the previous NZ $15 million (£6.6m) to NZ $24 million (£10.6m) .
Author: Vince McDonagh / Fish Farmer l Read the full article here
The sustainability of EU fisheries is improving, but critical problems related to climate change and overexploitation of fish stocks persist.
The Food and Agriculture Organization of the United Nations (FAO) has presented its long-awaited Review of the State of the World's Marine Fisheries Resources – 2025 at the UN Ocean Conference. The report provides a detailed snapshot of the health of marine ecosystems and the sustainability of global fishing activity, revealing both encouraging progress and persistent challenges.
The British Government emphasizes that this measure is in line with its proposal to ban bottom trawling in more MPAs in English waters.
The UK Government plans to introduce a bill before the end of the year to allow ratification of the BBNJ Agreement, or High Seas Treaty.
The British government notes that the agreement will provide the first legal mechanism for the creation of protected areas in international waters, thus contributing to the conservation of marine life in ocean areas beyond national jurisdiction (approximately two-thirds of the world's oceans).
Source: Industrias Pesqueras | Read the full article here
The European fishing industry association supports the UN Declaration on the Oceans and advocates for an ambitious action plan for blue food.
The organization Europêche, the main representative of the European fishing industry, has enthusiastically supported the adoption of the new Political Declaration of the United Nations Ocean Conference (UNOC3), held recently in Nice. This declaration, considered a crucial step forward in multilateral ocean governance, addresses fundamental issues such as marine spatial planning and the fight against illegal, unreported, and unregulated (IUU) fishing, which are central to ensuring a sustainable future for marine ecosystems.
NORWAY
OSLO – 
UNITED KINGDOM
While Galician sailors are concerned about the scarcity of octopus in their fishing grounds—to the point that they are giving the species a three-month break, including a closed season and a biological shutdown—a few degrees northeast, in the English Channel, professionals are alarmed by the number that has appeared in one of the zones (7e) that make up what is known as the Great Sun. And they are finding not only octopus vulgaris, but also the cabezón (Eledone cirrhosa) and another variety. So much so, that the fishermen have expressed their concern to the fisheries authorities about the "impacts observed on shellfish fishing and the effects on fish populations in the surrounding areas."
THAILAND
As the 2025 United Nations Ocean Conference concludes in Nice, Thai Union Group PCL, one of the world’s leading seafood producers, has issued a call to accelerate collective action to conserve and sustainably use the world’s oceans. The Company also highlighted progress under its global sustainability strategy, SeaChange® 2030, and reaffirmed its long-term commitment to SDG 14: Life Below Water.
UNITED NATIONS
The California Department of Fish and Wildlife (CDFW) has removed limits on sardine fishing in Southern California, declaring the fish once again safe for human consumption.
PERU
Peru’s first fishing season in the north-central region, which began on 22 April 2025—one week later than the prior year—is progressing steadily, with approximately 70% of the 3-million-metric-ton anchovy quota now landed.
SPAIN
NEW ZEALAND.png)
New Zealand King Salmon
FRANCE
The sustainability of EU fisheries is improving, but critical problems related to climate change and overexploitation of fish stocks persist.
The British Government emphasizes that this measure is in line with its proposal to ban bottom trawling in more MPAs in English waters.
EUROPEAN UNION.png)
The European fishing industry association supports the UN Declaration on the Oceans and advocates for an ambitious action plan for blue food.
