Strong stock market lift after vaccine news announced.

U.S. pharmaceutical giant Pfizer and German BioNTech announced on Monday that their vaccine trial was more than 90 per-cent effective against the coronavirus.

This lays the groundwork for a potential vaccine. The two companies released data Monday, from the first part of phase three interim results in large-scale trials.

Author: Aslak Berge / SalmonBusiness | Read the full article here

With NEAFC due to meet this week, tensions are already rising around Norwegian tactics concerning stocks in Areas I and II, notably redfish and Greenland halibut.

‘Norway’s aims are maximising quota share for own fleet, sometimes with very generous bilateral arrangements with the Russian Federation that serve mainly to strengthen Norway’s quota claim,’ commented a spokesman for the European North Atlantic Fisheries Association (ENAFA) which represents EU-based fishing companies with long track records of operating in distant waters, including the Barents Sea.

Author: Quentin Bates / FiskerForum | Read the full article here

The Scottish Salmon Company made an operating loss of DKK 28.4 million (£3.4m) in the third quarter of this year due costs of DKK 41m related to incident-based mortality, the company’s Faroese owner, Bakkafrost, said today.

“The farming operation in Scotland is gradually improving its key performing indicators, however - as historical performances from previous years have demonstrated - third quarters are the most challenging quarters for the Scottish farming operation. 

Author: Gareth Moore / fishfarmingexpert | Read the full article here

After the entry of the United Kingdom into the European Union, the distribution of the waters was almost complete between the British and their European neighbors, a situation that could take a turn if London and Brussels do not reach a Brexit agreement.

"If there is no agreement, each will have to settle for their own," says the National Committee of Marine Fishermen and Marine Cultures (CNPMEM), which represents French fishermen.

The United Kingdom has, like the rest of the countries, an exclusive economic zone (EEZ), which is 200 miles along its coasts, except when two States are separated by a lesser distance, such as between the United Kingdom and France in the canal. de la Mancha, where the waters are delimited by international law and various criteria depending on the area.

Source: EuropaAzul | Read the full article here

The founding family and Portobello keep 49.9% of the Basque company

Angulas Aguinaga has become the last national seafood company to attract the interest of international funds. In this case, PAI Partners, one of the main European private equity firms, which has acquired a “majority stake” in the Basque company that owns brands such as Gula del Norte, Krissia and Aguinamar. The company was owned to date by another fund, Portobello Capital, as well as its founding family.

After signing this agreement, the current shareholders will continue to have a 49.9% stake. Completion of this transaction is subject to customary regulatory approvals.

Source: Industrias Pesqueras | Read the full article here

A court in Sri Lanka has reportedly permitted officials to destroy several Indian mechanised fishing boats seized in the last 3-4 years for crossing into Sri Lankan territorial waters, PTI reports. 

The court in Jaffna gave the orders for destroying 27 out of the 94 boats of Indian fishermen in Sri Lankan custody, officials said, quoting information received by them.

The development triggered tension in the island town of Rameswaram, Tamil Nadu and fishermen association leader P Sesuraja appealed against destruction of the seized boats and said steps should be taken to return to their owners. 

Sri Lankan Navy had seized several boats of Tamil Nadu fishermen for fishing in their territorial waters in recent years. Some of the seized boats had been released in batches in the past and brought back by the fishermen, PTI reported.

A new resilience group has been granted £1 million funding to support Scotland’s langoustine (nephrops) sector through the coronavirus (COVID-19) pandemic.

The Scottish Nephrops Working Group will investigate the scale of the challenges facing the sector and develop a long-term strategic vision to cement Scotland’s position as the global leader of high quality langoustine.

The langoustine (nephrops) sector in Scotland has been particularly badly affected by COVID-19, with the loss of important domestic and export markets.

Author: Quentin Bates / FiskerForum | Read the full article here

Former U.S. Vice President Joe Biden is increasingly poised to win the presidency with several key battleground states tilting his way in the Electoral College on Friday, 6 November. In response to Biden taking the lead in the presidential contest, and a high likelihood that Republicans have retained the majority in the U.S. Senate while Democrats retained control of the U.S. House,  the seafood industry – and its advocates – are preparing to work with new leadership in Washington D.C.

A key issue for the seafood industry has been the country’s trade relationships with foreign countries, particularly China. 
 

Author: Chris Chase / SeafoodSource | Read the full article here

Pre-Christmas trading at prices far below break-even costs.

Last week Mowi presented its third-quarter results. In its presentation material, it was stated that the company is operating at a price of fresh fillets at USD 3.4 dollars per pound delivered Miami. Taking into account a fillet yield (for D-trim) of 60 per-cent, converted into kilograms, a dollar in air freight, this means a USD 4.3 salmon price delivered from Santiago.

This is in line with the price level European salmon farmers were trading at the current week, as SalmonBusiness reported on Friday.

Author: Aslak Berge / SalmonBusiness | Read the full article here

Ewan McAsh designed SmartOysters to solve his farming pain points and now both he and other oyster farmers are reaping the benefits – leading to improvements in everything from financial performance to mental health.

Oyster farmer Ewan McAsh was looking for a better way to farm. One that wouldn’t leave him tied to the river all week or tired from having to think about it all the time.

The 40-year-old Australian farmer with leases in the Clyde River, about three hours south of Sydney, was frustrated that farm operations left little time to attend to the business side of things. 

Author: Renata Gortan / The Fish Site | Read the full article here