A relatively young Icelandic land salmon farming company has just completed a six billion ISK (£35.5m) share capital increase.

Laxey, which changed its name from Icelandic Land Farmed Salmon last week, is building a new fish farm at Viðlagafjara on Heimaey in the Westfjords region. The proposed farm would have a production capacity of 32,000 tonnes by 2031.

Construction is due to start this November with the first harvest expected within two years.

Author: Vince McDonagh / FishFarmer | read the full article here

After recording a first harvest of 646 metric tons (MT) from the pilot pool at its Kvalnes site, Norwegian land-based salmon producer Andfjord Salmon AS is forging ahead with expansion plans that will increase its production capacity in the near future.

The planned expansion will increase production at Kvalnes on the island of Andøya to 8,000 MT of head-on gutted (HOG) fish by 2025, gradually growing to 40,000 MT HOG by 2030.

Author: Jason Holland / SeafoodSource | read the full article here

AKVA group is investing in high-quality mooring solutions. A great example is the Cargill fish farming facility in Oltesvik, Gjesdal, which uses AKVA group’s mooring system. Sea Site Manager Kjetil Frafjord states that he has complete confidence that the mooring system will ensure the stability of the facility even during challenging winter storms, changing wind conditions, and strong currents. AKVA group’s mooring provides fish farmers with a secure solution for both conventional facilities and deep farming operations.

Source: FishFocus | read the full article here

The new Minister of Production of Peru, Ana María Choquehuanca, announced her intention to prioritize “credit facilities” for the fishing sector, which has been affected by the consequences of the El Niño phenomenon and climatological factors, as one of the strategic measures of his mandate. The minister conveyed her plans to the National Association of Fishing Shipowners in a meeting in which she announced the creation of a new financial instrument, through the MYPErú Impulse Program, which will allow fishermen affected by the suspension of anchovy catches to access to credits at preferential rates.

Source: IndustriasPesqueras | Read the full article here

The Spanish fishing sector, represented by CEPESCA and the Andalusian Federation of Fishing Associations (FAAPE), describes Oceana's initiative to organize an expedition to demonstrate the destructive impacts of bottom trawling in Spanish waters, specifically in the Sea, as a mere manipulation campaign. of Alboran. Both organizations once again regret this type of actions, whose objective "is only to confuse public opinion with denialist theories that hide the truth in favor of other economic interests before official organizations and against the work of thousands of workers who carry out their work." activity with complete legality.”

Source: EuropaAzul | Read the full article here

Vietnam's seafood export turnover continued to decline in August 2023, however this is the highest value since the beginning of the year.

Therefore, cumulatively in the first 8 months of the year, export turnover still decreased by 25%, reaching 5.8 billion USD. Compared to the same period, exports of all product groups decreased over the same period.

The Fisheries Commission of the Falkland Islands addressed during its session this week the administration of discards when fishing for Dissostichus eleginoides, that is, Patagonian toothfish or 'Chilean Sea bass' , is carried out in the calamari or Falkland's squid fishery.

Dr. Frane Škeljo, PhD, scientist and stock assessment specialist, presented a report to the Commission indicating that the catch of valuable toothfish was “generally low” in the Falkland Islands squid trawl fishery, and so It was for ten years except for a brief peak in 2016.

The recently implemented “moving” rule was then discussed, which forces fishing vessels to move to a different quadrant in the fishing zone, if a certain percentage of catch greater than that corresponding to the license that has been granted to them is recorded. been assigned. In the case of toothfish, the “moving” rule can be triggered if it is above 1.5% of the catch.

Dr. Škeljo shared that the toothfish or Chilean grouper emerge in the Falkland's squid fishery when they are one and a half years old and because this capture occurs only when they are juveniles, they contribute little weight in the total percentage and it is difficult for them to trigger the “move in” rule and therefore are not being properly protected. [...]

Source: MercoPress

Deepwater fishing company Sealord has entered into an agreement to acquire privately-owned Independent Fisheries - the largest financial transaction in the seafood sector since the Sealord deal in 1992, which was part of the Maori Treaty Settlement. This transaction will make Sealord New Zealand’s biggest seafood business.

Subject to satisfying a number of conditions, including clearance from the Commerce Commission and consent from the Overseas Investment Office, Sealord will acquire the Christchurch-based Independent Fisheries business, which includes approximately 46,000 metric tonne of quota, two owned and one chartered deepwater factory fishing vessels, 500 plus vessel crew and staff, and a cold storage facility. The date of settlement will be dependent on when the various conditions and approvals are met.

Sealord Board Chair Jamie Tuuta said Sealord is an inter-generational fishing company and the purchase of Independent Fisheries further cements this position for the long-term.[...]

Source: Sealord/PR

Faces constitutional hurdle as interim govt cannot enter into long-term treaty

GENEVA: The Chief of the World Trade Organisation, Ngozi Okonjo, has called upon member states to ratify the fisheries subsidies agreement. However, Pakistan may not be on the list of ratifying nations due to a constitutional limit that bars the interim government from entering into a long-term treaty.

Ngozi has termed the ratification of the agreement as her topmost priority for the upcoming Ministerial Conference aimed at ending overfishing and the depletion of oceans.

In an interaction with a group of journalists from developing countries, the Director-General of the WTO urged member states, including Pakistan, to ratify the fisheries subsidies agreement so that it can enter into force next year. The 13th Ministerial Conference is taking place in the United Arab Emirates in February next year.

So far, 43 members have ratified the agreement, but we need 110 states to ratify it before making it effective, she added. She said that the process of ratification was gaining pace.[...]

Source: The Express Tribune

NEW YORK /PRNewswire/ -- Mark Foods and Arista Industries' Seafood Division, two specialists in premium, frozen, sustainably sourced seafood, today announced that they have agreed to combine and move forward together as Mark Foods. Financial terms of the transaction were not disclosed.

Mark Foods is a leading US importer, processor and marketer of premium seafood products that was founded in 2002 by CEO Barry Markman. Founded in 1930, Arista Seafood is a valued partner to many of the largest food service distributors and retailers.

The combined company will be a leader in frozen seafood, selling approximately 100 million pounds of seafood and generating annual revenue exceeding $800 million.

The company will continue to focus on Chilean Sea Bass, Farm-Raised and Wild-Caught Shrimp, New Zealand Mussels, Lobster, Pasteurized Crab, Spanish Octopus and other seafood products.

The President of Arista Industries, Alan Weitzer, Arista Seafoods' General Manager Joe Weitzer, and the entire Arista Seafood team will join Mark Foods as part of the transaction.[...]