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Two subsidiaries of Pacific Andes request to be declared bankrupt

HONG KONG | Wednesday, March 29, 2017
As part of its restructuring process, Pacific Andes International Holdings (PAIH) announced that two indirect subsidiaries, Golden Target Pacific Limited and Nouvelle Foods International Limited, have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.

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DFO and fishermen disagree over cod fishery expansion
Canada | 01:10 | A Department of Fisheries and Oceans report outlines that cod stocks off eastern Newfoundland and Labrador continue to rebound, but are still in the "critical zone," and that catches should be kept to the lowest possible levels at present as a precaution. Full Story
Andalusia promotes marine microalgae biorefinery development
Spain | 00:40 | The Institute of Agricultural Research and Training and the University of Almeria have signed an agreement to develop a biorefinery of marine microalgae, with the objective of producing sustainable products with high added value as fertilizers, feed additives, among others. Full Story
WWF advocates for new Mediterranean fisheries management approach
Malta | 00:30 | A Ministerial Conference is being organised by the European Commission on Mediterranean fisheries in Malta, which is deemed as a significant political push to address the alarming state of stocks and its impact on the industry and coastal communities. Full Story
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COMPANIES & PRODUCTS
FoS and API Sign Collaboration Agreement for Environment Sustainability
Friend of the Sea and the Italian Aquaculture Producers Association commit to collaborate actively mitigating aquaculture potential impacts on the environment and promoting sustainable procedures in Italy.
VIV Asia 2017 Estimates a Monumental Breakthrough in Business Negotiations
Business negotiations carried out as during the event are expected to exceed USD 436,681,350, reflecting the overall image of Asia’s animal husbandry economy in rising.
German Federal Office for Agriculture and Food Awards Damen Fisheries Research Vessel Contract
With the vessel, to be called the Walther Herwig, the German Federal Ministry for Food and Agriculture will support Germany’s fisheries and oceanographic research programmes.
Patagonia Mussel Featured their Prestigious Shellfish for the First Time at Seafood Expo North America
Rich in protein, vitamins and Omega 3 oils, these mussels are naturally bred in the cold, clean waters of Chilean Patagonia.
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Shellfish industry hit by norovirus outbreak in BC oysters
Canada The outbreak of a mysterious norovirus that made hundreds of Canadians sick led to the closure of seven coastal oyster farms in British Columbia.
'Coastal Niño' favours presence of mackerel, skipjack and bonito
Peru The climatic phenomenon known as the "coastal Niño" has favoured the greatest availability of some hydrobiological species of warm water, such as mackerel, skipjack, bonito, among others, according to the Ministry of Production.
Tilapia sausages reach Oxaca market
Mexico To directly benefit the regional productive sector, through the University of Papaloapan, the State University System of Oaxaca supported a project that involves tilapia conservation techniques to obtain derived products.
Gulf of Maine scallop fishery season closed amid disputes
United States The scallop fishery season was closed in the northern Gulf of Maine after three weeks that pitted the interests of part-time, small-boat fishermen from Maine against large, full-time scallop operators.