IN BRIEF - EU approves WTO agreement on fisheries subsidies
EUROPEAN UNION
Friday, May 26, 2023
(BRUSSELS) - The EU approved Thursday the conclusion of a World Trade Organization protocol establishing a fisheries subsidies agreement, the first WTO agreement that focuses on environmental sustainability.
The WTO Agreement on Fisheries Subsidies is in line with the UN Sustainable Development Goal 14.6 (UN SDG) and includes:
a strong prohibition of subsidies contributing to illegal, unregulated and unreported (IUU) fishing with unprecedented transparency provisions.
an absolute prohibition of subsidies for fishing on the unregulated high seas.
a provision on overfished stocks will bring sustainability rules for subsidies regarding the most vulnerable stocks in the first phase of the agreement.
Consensus was reached on the Agreement on Fisheries Subsidies at the 12th WTO Ministerial Conference in June 2022. The Agreement on Fisheries Subsidies will enter into force once two-thirds of WTO members have completed their domestic ratification processes.
Tokyo — China has approved the resumption of ornamental nishikigoi carp imports from select Japanese aquaculture facilities, following a months-long suspension.
The export of nishikigoi carp from Japan to China had been halted since November last year after Beijing failed to renew the necessary import permits. To resume trade, China is now requiring Japanese exporters to register their aquaculture facilities in advance, as the previous registrations expired at the end of October 2023.
Following negotiations between the two governments, Japan's Fisheries Ministry announced that China has agreed to re-register six aquaculture facilities located in Niigata, Fukuoka, and Hiroshima prefectures.
This development comes after China relaxed its ban on Japanese fishery imports last month. The ban had been in place since Japan began discharging treated water containing tritium from the Fukushima Dai-ichi nuclear power plant into the Pacific Ocean in August last year.
The launch of the digital photobook Women of the Sea, Coast and Islands of the Aysén Region was held in the Aysén Region, with the presence of local and regional authorities, as well as female fishermen.
This book portrays the stories of women who have made fishing their vocation and source of livelihood. During the event, tribute was paid to the protagonists of the photographs.
Gonzalo Pereira, Director of the Fisheries Development Institute, highlighted the importance of fishing as an ancient trade and highlighted the essential role of women in keeping these traditions alive. The photobook is a tribute to their courage and dedication, capturing not only their work, but also the essence of those who defy the adverse conditions of the sea to support their families.
The author of the book, Dr. Alejandra Lafon, a marine biologist and photographer, commented that the work seeks to make visible the female participation in artisanal fishing, from Melinka to Caleta Tortel. Dedicated to all the women of the sea, the book arose from her desire to show the strong link of these women with the ocean and their daily work. "This book was created spontaneously, rooted in my contact with the fishing activity and desire to make visible their feminine side, to show their work and strong link with the sea,"said its author.
In the city of Rawson, expectations are high after the recent sighting of a significant concentration of shrimp just 45 minutes from the local port.
A boat that recently arrived confirmed the presence of these valuable crustaceans, fueling hopes that the local fishing industry could be facing one of its best seasons in years, according to El Chubut.
However, despite the encouraging outlook at sea, obstacles still persist on land. The fishing community awaits the resolution of the negotiations between businessmen and the United Maritime Workers Union (SOMU), a key agreement to begin both the prospecting and the fishing season.
The next few weeks will be crucial, as the success of the negotiations will not only define the future of this season, but could also mark a milestone for the local fishing industry if the necessary consensus is reached.
Based on preliminary unaudited figures, A.P. Møller - Mærsk A/S (APMM) reports a revenue of USD 15.8bn, underlying EBITDA of USD 4.8bn and underlying EBIT of USD 3.3bn (reported: USD3.3bn) for Q3 2024.
On the back of strong third quarter results combined with strong container market demand and the continuation of the Red Sea situation, APMM now expects for the full year 2024 underlying EBITDA of USD 11.0 to 11.5bn and EBIT of USD 5.2 to 5.7bn (previously USD 9 to 11bn and USD 3 to 5bn, respectively), and free cash flow of at least USD 3bn (previously at least USD 2bn).
The outlook for the global container market volume growth for the full year 2024 has been revised to around 6%. (previously 4-6%) APMM will publish its full Q3 interim results on 31 October 2024.
The Spanish fishing fleet dodged the blow of the increase in operating costs in 2022, a year in which the entire European sector hit rock bottom in terms of profitability. The annual update of the “Annual Economic Report on the European Union fishing fleet”, published by the EU's STECF (Scientific, Technical and Economic Committee for Fisheries), which has just been released and reflects the data for that year, indicates that in 2022 the national fleet improved its economic performance in all indicators. The value of catches reached 2,090 million euros, which implies an increase of 7%, despite the fact that the volume in live weight of production fell by 0.8%.
Source: Industrias Pesqueras l Read the full article here
The organisers of Aquafuture Spain – the country's only aquaculture industry show – have announced that, due to the significant growth of the event, the upcoming 2025 edition will be held at the IFEVI exhibition centre in Vigo.
In the wake of two successful editions, held in Silleda, Aquafuture Spain is set to return for its largest aquaculture industry show yet, which will be held at the IFEVI exhibition centre in Vigo from 20 – 22 May 2025.
Aquafuture Spain is not only the sole aquaculture industry event to take place within the country, but also the second largest in Europe.
Source: THe FIsh SIte l Read the full article here
Tilapia producer Regal Springs, salmon farmer Cermaq and retail giants Marks & Spencer and Albert Heijn were among the winners at the Good Farm Animal Welfare Awards (GFAWA) in Paris today.
The awards, hosted by not-for-profit organisation Compassion in World Farming, recognised 49 winners from over 15 countries for their leadership in improving farm animal welfare and promoting more sustainable supply chains.
Bluefront Equity has announced its biggest ever investment with the majority acquisition of aquaculture technology specialist, Cryogenetics.
Through its Capital II fund Bluefront will own around 80% of shares with the remainder split between co-owner, Investinor, and Cryogenetics managing director, Eli Sætersmoen. The plan is to increase investment in the farming of salmon, halibut, trout, wolffish and cod, both in Norway and internationally.
For over 50 years, the AKVA group has been a pioneer in pen production in Norway, with a focus on innovation, quality and environmental responsibility. Our Polarcirkel pens are designed to withstand even the most extreme conditions, because safety and durability are crucial when facing the challenges of nature.
The pens are made from high-quality polyethylene, a material known for its strength and flexibility. They are robust and designed to meet modern standards in fish welfare and environmental considerations.
The AKVA Group offers customized solutions that cover everything from general needs to very specific requirements, giving fish farmers flexibility and peace of mind.
As of September 2024, South Korea's cumulative imports of frozen squid tubes have dropped by 52% compared to the previous year.
In September alone, 1,582 tons of frozen squid tubes were imported, marking a 9% decrease from 1,729 tons in the same month of 2023.
The total import volume for the year up to September 2024 stands at 12,799 tons, a significant decline from the 26,661 tons recorded during the same period last year. This represents just 2% of the global total imports of 651,137 tons.
In terms of imports by country, China leads with 6,713 tons (53%), followed by Chile with 4,900 tons (38%), Peru with 671 tons, Argentina with 270 tons, Indonesia with 147 tons, and Taiwan with 98 tons. Import prices varied, with Argentina having the highest at USD 6.03 per kilogram, followed by China at USD 2.31, Chile at USD 1.85, and Peru at USD 2.01.
The import value of frozen squid tubes in September 2024 reached USD 3.61 million, a 3% increase from USD 3.51 million during the same month in 2023. However, the cumulative import value for the year has fallen to USD 28.52 million, down 45% from USD 51.84 million in the previous year. The average import price was USD 2.23 per kilogram, reflecting a 15% increase from last year's average of USD 1.94.
This trend underscores the effects of declining import volumes for frozen squid tubes alongside rising import prices.
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EUROPEAN UNION
The WTO Agreement on Fisheries Subsidies is in line with the UN Sustainable Development Goal 14.6 (UN SDG) and includes:
JAPAN.png)
The export of nishikigoi carp from Japan to China had been halted since November last year after Beijing failed to renew the necessary import permits. To resume trade, China is now requiring Japanese exporters to register their aquaculture facilities in advance, as the previous registrations expired at the end of October 2023.
CHILE.png)
This book portrays the stories of women who have made fishing their vocation and source of livelihood. During the event, tribute was paid to the protagonists of the photographs.
ARGENTINA.png)
DENMARK
SPAIN
The Spanish fishing fleet dodged the blow of the increase in operating costs in 2022, a year in which the entire European sector hit rock bottom in terms of profitability. The annual update of the “Annual Economic Report on the European Union fishing fleet”, published by the EU's STECF (Scientific, Technical and Economic Committee for Fisheries), which has just been released and reflects the data for that year, indicates that in 2022 the national fleet improved its economic performance in all indicators. The value of catches reached 2,090 million euros, which implies an increase of 7%, despite the fact that the volume in live weight of production fell by 0.8%.
The organisers of 
FRANCE
Tilapia producer 
NORWAY
Bluefront Equity 
For over 50 years, the 
SOUTH KOREA
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