IN BRIEF - All four major seafood companies saw revenue growth, with two seeing double-digit profit growth
JAPAN
Monday, August 12, 2024
The consolidated results for the April-June 2024 period for the four major seafood and food companies all saw an increase in sales, with Maruha Nichiro and Nissui reporting operating profits at the same level as the same period last year, while Nichirei and Kyokuyo posted double-digit increases.
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While the seafood division saw solid sales, it also struggled in terms of profits due to the products it handled. Food products showed solid sales and profits, but it seems necessary to keep a close eye on consumer trends due to further price hikes this fiscal year.
Source: Minato Yamaguchi (translated from original in Japanese)
Muscat: Fisheries Development Oman (FDO) announced its participation in the Seventh Global Fishery Forum & Seafood Expo Russia, scheduled from September 17–19, 2024, in St. Petersburg. This prestigious event provides FDO and its subsidiaries with a unique platform to showcase Omani seafood products, services, and investment opportunities to the global industry. It also facilitates engagement with thousands of businesses, key buyers, and investors, enabling FDO to expand its market reach.
The Expo will host over 400 companies from 34 Russian regions and 14 countries, spanning 26,000 square meters of exhibition space. With 139 industry experts set to speak, the event is a vital convergence of leaders, traders, and retailers from the seafood sector.
Muneer Al Muneeri, Chairman of FDO, stated: "As a group leader in Oman’s fisheries and aquaculture sector, FDO proudly highlights Oman’s position as a major fish producer and net exporter within the GCC. We are committed to expanding our seafood exports by adhering to global standards of sustainability, food safety, and environmental responsibility, supported by Oman’s attractive business incentives and improving infrastructure."
"Our participation at the Global Fishery Forum & Seafood Expo Russia reinforces our mission to position Oman as a global leader in sustainable seafood, showcasing our vast marine resources and investment opportunities."
Three people are dead after a fishing vessel capsized in waters off Gunsan city in North Jeolla Province.
The city’s coast guard said on Monday that it rescued all eight crew members of the fishing boat in waters off Gunsan after receiving a report at around 7:36 a.m. about the boat accident.
Authorities said though the entire crew was rescued, three of the members, including the boat’s Korean captain and chief engineer as well as a foreign crewmember, were pronounced dead at the hospital.
Photo : YONHAP News = Gunsan Coast Guard
The remaining five crewmembers, all of foreign nationality, were reported to be in relatively good health.
The coast guard is looking into the possibility that the boat capsized after it collided with a tanker carrying petroleum products based on testimony that the tanker was witnessed passing nearby the fishing vessel at the time of the incident.
A coast guard official said the identity of the deceased foreign crewmember has yet to be identified, adding that an investigation will be conducted on the incident once the survivors get treated for injuries.
TEHRAN (MNA) – The largest packaging complex, cold storage and canned fish factory in Iran became operational in southern Makran Special Zone in the presence of Iran’s Defense Minister Brigadier General Aziz Nasirzadeh.
A member of Iranian Protein Production and Packaging Industry Association Mahmoud Moa’llem said that all the equipment and machinery installed at production lines of the factory have been manufactured domestically, observing requirements of the international standards.
Benefited from the most experienced domestic manpower of the country, the Canned Fish Production Factory was put into operation at Chabahar Free Zone in a short period of 15 months on a land area as large as 23,000 square meters.
All stages of sorting, peeling, packing and freezing of fish and shrimp for supplying to the domestic and foreign markets are also done in this factory, the brigadier general said, and put the packaging capacity at this industrial and production unit at about 4,000 tons.
Moa’llem pointed out that 200,000 tons of fish are caught at Chabahar annually, a major portion of which is supplied to the consumer markets in the form of tuna fish.
EU proposes fishing limits for the Mediterranean and Black Seas, emphasising sustainable management practices and compliance with the long-term commitments made with the MedFish4Ever and Sofia Declarations. This step continues in the direction of ensuring the health of fish stocks and the balance of marine ecosystems, ensuring the continuity of vital fishing industries in these waters.
The proposal includes a series of measures aimed at promoting the sustainable exploitation of key fish stocks, ensuring that future generations of fishermen can continue to practice their trade.
EW Group’s Blue Future Holding has acquired the remaining stake in salmon sex-sorting tech firm GreenFox Marine it didn’t previously own.
Stjørdal, Norway-headquartered GreenFox Marine is a supplier of salmon gender-sorting technology and health examinations of fish using ultrasound and artificial intelligence.
Oslo, Norway-based Blue Future Holding is an investment firm owned by the EW Group
Author: Cliff White / SeafoodSource | Read the full articlehere
Norway’s fisheries minister Marianne Sivertsen Næss has rejected a call to seasonally adjust the maximum biomass allowed on salmon farms.
Some farmers would like an increase in maximum biomass (MTB) in the autumn, and a reduction in spring.
Geir Magne Knutsen, head of strategy and development at Bremnes Seashore, has previously pointed out that this would mean a smoother harvest curve during the season, benefiting the market.
Source: FishFarmingExpert | Read the full article here
Animal rights campaigners win a judicial review over pioneering £120m scheme at Grimsby port, reports the Guardian.
On former railway sidings at Grimsby docks in Lincolnshire, the seafood industry is backing new plans for an onshore salmon farm that it claims will create jobs, cut emissions and help meet the nation’s huge demand for the fish.
The scheme would be the UK’s first large-scale onshore salmon farm, with the fish growing to a weight of four or five kilogrammes.
Satlink has a specialized and customizable software for the longline fleet, the Satlink Ocean Manager (SOM), which allows viewing and downloading quality oceanographic and meteorological data adjusted to an area of ??interest. “Having accurate and verified data on the oceanographic context is crucial for the fishing fleet as a whole, and the longline fleet in particular, to be able to carry out its activity in the most efficient and sustainable way possible,” explains the company. In a state of constant optimization, the SOM now incorporates new features that improve its capabilities and functionality, such as the possibility of simultaneously viewing two maps of oceanographic information.
Source: IndustriasPesqueras | Read the full articlehere
The Food and Agriculture Organisation of the United Nations (FAO) welcomed the inclusion of fisheries and aquaculture and family farming in this year's G20 priorities, emphasising their essential role in global nutrition and livelihoods.
(ANI/WAM): The Food and Agriculture Organisation of the United Nations (FAO) welcomed the inclusion of fisheries and aquaculture and family farming in this year's G20 priorities, emphasising their essential role in global nutrition and livelihoods.
Speaking at the G20 Agriculture Ministers' Meeting in Mato Grosso, Brazil, FAO Director-General QU Dongyu stressed the need for sustainable growth in the fisheries and aquaculture sectors to meet rising global food demand and address nutritional deficiencies, particularly in developing countries.
"The FAO Blue Transformation strategy aims to ensure aquatic food systems continue feeding the world's growing population,"he said.
The G20 Agriculture Working Group Ministerial Declaration, agreed upon this week, officially recognised FAO's Blue Transformation Roadmap 2022-2030 as a key framework for achieving long-term sustainability in the fisheries and aquaculture sectors. The declaration also highlighted important FAO instruments, such as the Guidelines for Sustainable Aquaculture, the Guidelines for Sustainable Small-Scale Fisheries, and the Agreement on Port State Measures.
A tractor-trailer carrying $305,000 worth of frozen shrimp, destined for a Costco in New Jersey, was stolen from a private lot in Middlesex, NJ, on September 5. The truck, valued at $50,000, was taken from Smalley Avenue in the early morning hours, prompting the owner to call police.
Authorities are investigating, with Detective Sgt. Sean Flanagan stating that they are reviewing video footage and interviewing locals. No arrests have been made yet, and the shrimp remains missing.
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