A switch to farming giant river prawns is proving economically astute for a growing number of Bangladesh’s aquaculture operators, but the sector still has challenges to overcome.

In recent years, Bangladesh’s shrimp sector has faced numerous challenges, including the impact of the Covid-19 pandemic. For instance, in fiscal year 2022-2023, the total value of shrimp exports was $300 million, down by $107 million compared to the previous year. 

Author:  Zubair Khan / The Fish Site l Read the full article here

Winds of change are blowing on global tuna fishing, according to the latest report from the International Seafood Sustainability Foundation (ISSF) published last March. This new study looks not only at tuna, but also at the broader environmental impacts of fishing practices on other species and ecosystems.

86% of global tuna catches come from stocks in "healthy abundance", which represents an increase of 1% compared to the previous report, that of 2023.

Also notable is the decline in overexploited populations, which now represent 10% of the total

Source: EuropaAzul l Read the full article here

Minister Óscar Puente warns of the risks of carbon leakage, reduced port competitiveness and loss of EU commercial sovereignty if traffic goes to other neighboring ports to avoid costs.

Once again, the desire to achieve carbon neutrality as soon as possible could work against the economy of the European Union. The extension of the emissions trading scheme (ETS) to maritime transport could work against community ports if they do not put themselves on the table to guarantee a level playing field.

Source: La Voz de Galicia l Read the full article here

Norway’s amazing three year run of seafood export growth has finally stopped – at least for the time being.

Figures from the Norwegian Seafood Council today show a fall in the value of sales, including salmon, both for last month and over the first quarter of 2024.

Norway exported NOK 40.2bn (almost £3bn) worth of seafood between January and March, a decrease of NOK 1.2bn, or 3% less compared to the same period last year.

Author: Vince McDonagh / Fish Farmer l Read the full article here

The International Maritime Organization has launched a new futurefuels.imo.org where you can access the latest information on zero and near-zero emissions marine fuels and technologies, including pricing information and the latest studies on the subject. .

The website has been developed within the framework of the Future Fuels and Technologies Project (FFT Project), a partnership project between the IMO and the Republic of Korea, which supports the development of new regulations within the possible framework of net zero emissions of IMO to achieve the objectives contained in the IMO 2023 GHG Strategy.

Source: Industrias Pesqueras l Read the full article here

Cooke Chile has begun harvesting the first organic farm-raised Atlantic salmon in Chile.

This marine aquaculture production in Chile will initially be equivalent to 25% of Cooke’s total salmon production in Chile and is certified organic pursuant to European Commission regulations and equivalents in Great Britain. Cooke Chile organic salmon is now approved to use the EU Organic green and white leaf logo for export to EU and Great Britain markets. 

Source: Fish Focus l Read the full article here

NASCO focuses on the protection, development, and rational utilization of salmon stocks in the North Atlantic.

Iceland has re-entered the North Atlantic Salmon Conservation Organization (NASCO), as announced by Svandísar Svavarsdóttir, Iceland’s Minister of Food.

The decision, made in March 2023, restores Iceland’s membership in the international body, which it had left in 2009 following the collapse of its banking system.

Source: Salmon Business l Read the full article here

The BlueInvest initiative has been a driving force behind these changes that span fisheries, aquaculture, coastal tourism, shipping and ports, offshore renewable energy and biotechnology, said the European Commission.

Blue renewable energy, blue tech and ocean observation and aquaculture have been the three most dynamic sectors, advises the report. At the other end of the spectrum, sustainable coastal and maritime tourism as well as environmental protection and regeneration have closed fewer deals.

Source: Worldfishing l Read the full article here

Hilton supplies major supermarkets including Tesco, Morrisons and Waitrose

• The company reported pre-tax profits skyrocketed by 64.2% to £48.6m in 2023

• Hilton Food Group is planning further geographic expansion and potential takeover deals after profits jumped by nearly two-thirds last year.

The food packaging company, which supplies major supermarkets including Tesco, Morrisons and Waitrose, reported bumper pre-tax profits growth 64.2 per cent to £48.6million in 2023.

Its UK seafood arm returned to operating profitability thanks to price hikes and new business contracts after being heavily impacted the previous year by surging cost inflation and supply chain disruption.

Hilton's core meat segment also performed strongly amid volume growth in the Asia-Pacific region and a 'resilient outturn' across the UK and Europe.

In the British Isles, the firm's revenue increased by 3.7 per cent at constant currency levels to £1.33billion as raw material price rises offset declining volumes.

At the same time, sales in Europe were bolstered by higher demand for easy meals across Scandinavia and Central Europe, as well as the acquisition of Dutch smoked salmon processor Foppen.

Author/Source: Harry Wise / thisismoney.co.uk

RANCHO CUCAMONGA, Calif., /PRNewswire/ -- Seafood industry sales veteran Guy Lott has been named Vice President of Sales for Aquamar®, a leader in surimi and convenience seafood products, including its newly created ready-to-eat seafood line.

Lott's seafood industry experience across sales, processing, and distribution as well as his relationships within top multi-unit restaurant concepts, fine dining leaders and major retailers, accelerates Aquamar's go-to-market strategy currently underway.

The addition of Lott rounds out the leadership team, advancing Aquamar's goal of being an industry leader in seafood innovation in the retail and foodservice markets. Lott joins CEO Daryl Gormley, CFO Eric Wills, Operations VP Sam Metri, and QA Director Ila Dabo.

"We are excited to welcome Guy to the Aquamar team, confident that his experience and track record will accelerate Aquamar's efforts to drive seafood consumption through innovation," said Daryl Gormley, CEO. "There is opportunity for us to continue our sales momentum and we're confident Guy is the best person to help us do that as we stay on our mission is to ensure everyone has access to healthy, high-quality protein."