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IN BRIEF - Study examining the impact of PWSAC on Alaska’s economy found significant return-on-investment and opportunities for growth

Wednesday, December 05, 2012

CORDOVA, (AK) - Prince William Sound Aquaculture Corporation (PWSAC) recently released the results of a comprehensive study on the impact of its programs on the economy, Alaska‘s seafood industry, sport, subsistence and personal use fisheries.

Significant benefits to the state and regional economy were outlined, along with ways in which the programs could be expanded to produce greater economic benefit. The study covered direct and indirect job creation and earnings. The study also examined market conditions for salmon species.

Source: Stock Rants


IN BRIEF - Frozen fish to tinned tuna: India’s appetite for processed seafood is about to take off

Thursday, April 27, 2017

India has a coastline that extends over 8,000 km, so it’s no surprise that the country is one of the world’s biggest fish producers and a top exporter of fish and fish products.

In 2014, India’s total production, which includes marine and inland catches, as well as aquaculture production, was around 9.6 million tonnes, according to the Food and Agriculture Organization’s 2016 State of World Fisheries and Aquaculture report (pdf). This is a huge jump from the paltry 0.75 million tonnes (pdf) the country produced in 1950-51.

However, a lack of reliable domestic infrastructure to transport perishable goods meant that Indians have all this time been primarily eating fresh fish, which is at the heart of a number of regional cuisines. But that may now be changing.

Source: Quartz

IN BRIEF - Study finds a third of seafood items from six D.C. restaurants were mislabeled

Thursday, April 27, 2017

A recent survey of seafood offerings from six restaurants in Washington, D.C., found a third of the offerings were mislabeled. However, the George Washington University researchers found no evidence of outright fraud.

Previous studies have shown rates of mislabeling and fraud vary between 26 to 87 percent at seafood and sushi restaurants, as well grocery stores, across the United States. Scientists at GW wanted to find out how District eateries stacked up in the honesty and accuracy department.

Of the 12 tested seafood samples, scientists found four were mislabeled. However, the four samples featured closely related species or acceptable substitutes for the listed fish.

"Diners that ordered tuna got tuna -- although maybe a slightly different type of tuna," Keith Crandall, director of GW's Computational Biology Institute, said in a news release. "We didn't see the kind of outright seafood fraud that has been reported in other cities."

Source: UPI

IN BRIEF - Experts in KES 30 million deal to boost Kenya's fish output

Thursday, April 27, 2017

Fish farmers are set for a boost after ten local and international institutions teamed up to provide education on capacity development for the sub-sector.

The Sh30 million three-year deal with the Belgian government and other partners will impart much needed skills on diversification of culture systems, fish husbandry, improved animal health, feed production and nutrition.

Dubbed Team Project, the initiative was launched today in Mombasa to build on yet another ongoing initiative started in 2010 that led to increased local fish production from 4 per cent to over 25 per cent.

“This means a growth from 4,000 metric tonnes to over 46,000 metric tonnes within five years which is quite rapid and significant,” Kenya Marine and Fisheries Research Institute (KMFRI) director Prof James Njiru said at the launch.

Source: Business Daily

IN BRIEF - Price of Cold-Water Shrimp Cut by 45 Cents Per Pound

Thursday, April 27, 2017

The Newfoundland and Labrador fishery is taking another massive hit as the price of cold-water shrimp is being cut by 2017.

The Standing Fish Price Setting Panel announced that the minimum price of cold-water shrimp for this year will be 2017 0.95 per pound, a huge drop from last year’s price of CAD 1.40 per pound.

This follows a 63 per cent cut to the inshore shrimp quota in Area 6 which was announced last month.

Source: VOCM

IN BRIEF - Fishing ban in haors lifted

Thursday, April 27, 2017

The fisheries department on April the 24th lifted the ban on fishing in the haors of Moulvibazar and Sunamganj.

The decision came a day after Bangladesh Atomic Energy Commission confirmed that the radiation levels in the water and the dead fish and ducks collected from the flashflood-hit haor region were within the permissible limits.

Talking to The Daily Star, Mosharaf Hossain, deputy director of fisheries department of Sylhet division, said the decision to withdraw the ban was effective
April the 24th.

Source: The Daily Star

IN BRIEF - Marine Products Corporation Reports First Quarter 2017 Financial Results

Thursday, April 27, 2017

ATLANTA - Marine Products Corporation announced its unaudited results for the quarter ended March 31, 2017.  Marine Products is a leading manufacturer of fiberglass boats under two brand names: Chaparral and Robalo. Chaparral's sterndrive models include H2O Sport and Ski & Fish Boats, SSi and SSX Sportboats, Sunesta Sportdecks and Signature Cruisers.  In addition, Chaparral manufactures SunCoast Sportdeck outboards, Vortex Jet Boats and the Surf Series of Chaparral SSi and SSX Sportboats and Sunesta Sportdecks.  Robalo builds outboard sport fishing boats which include center console, dual console, walkaround cabin and Cayman bay boat models.

For the quarter ended March 31, 2017, Marine Products generated net sales of USD 71,040,000, an 11.6 percent increase compared to USD 63,665,000 in the same period of the prior year.  The increase in net sales was primarily due to a 12.1 percent increase in unit sales as well as an increase in parts and accessories sales, partially offset by a slight decrease in the average selling price per boat.  During the quarter the Company generated higher unit sales among our Chaparral H2O and Robalo models.  Average selling prices decreased slightly during the first quarter of 2017 due to model mix.

Gross profit for the quarter was USD 14,906,000, a 17.5 percent increase compared to gross profit of USD 12,688,000 in the same period of the prior year.  Gross profit for the first quarter increased compared to the prior year due to higher net sales and improved production efficiencies.  Gross margin during the first quarter was 21.0 percent compared to 19.9 percent in the first quarter of the prior year.

Source: PR Newswire

IN BRIEF - Russian Aquaculture FY 2016 net result turns to profit of RUB 3.89 billion

Thursday, April 27, 2017

Russian Aquaculture:

FY 2016 revenue of RUB 2.48 billion versus RUB 864.8 million in 2017,

FY 2016 profit for period of
RUB 3.89 billion roubles versus loss of RUB 1.34 billion roubles in 2017.

Source: Reuters

IN BRIEF - Egypt suspends fish exports to lower local prices

Thursday, April 27, 2017

Egypt has halted fish exports after a surge in sales to foreign markets following last November's currency devaluation led to supply shortages locally and a spike in domestic prices, President Abdel Fattah al-Sisi said.

Sisi did not say how long the suspension would last but promised Egyptians, who have seen their purchasing power sharply eroded by the devaluation, that measures would be enforced to help the market adjust prices lower.

"We used to export 40,000 tonnes of fish a year. Within the first thee months (of this year) we exported 120,000 tonnes," Sisi told a youth conference aired on Egyptian television late on Tuesday 24th of April 2017. "(That's why) we took a decision to halt exports of fish."

Source: Reuters

IN BRIEF - Selonda Aquaculture SA FY 2016 net results turn to profit of EUR 2.4 million

Thursday, April 27, 2017

Selonda Aquaculture SA:

FY 2016 turnover at EUR 167.5 million versus EUR 148.7 million in 2015,

FY 2016 net profit at EUR 2.4 million versus loss EUR 11.5 million in 2015,

FY 2016 EBITDA at EUR 19.4 million versus EUR 11.6 million in 2015,

Net cash on Dec. 31, 2016 at EUR 9.9 million versus EUR 6.5 million in 2015.

Source: Reuters

IN BRIEF - Israeli systems aiding fish farmers in Congo and Indonesia

Thursday, April 27, 2017

As fish are an important source of inexpensive protein across the world, Israel’s BioFishency is ramping up its plug-and-play aquaculture water-treatment installations in the developing world, most recently in Congo and Indonesia.

The BioFishency Mini RAS (Recirculating Aquaculture System) makes effective water treatment accessible in land-based operations that use fresh, brackish or seawater. The system overcomes two key challenges in raising fish commercially: limited water availability and buildup of toxic ammonia from fish waste.

The system allows growers to reduce water consumption by up to 85 percent while increasing yield 2.5 times.

One BioFishency system was installed earlier this month in an Indonesian plant that raises Whiteleg (Pacific white) shrimp in high-density seawater conditions.

Source: Israel 21c

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Apr 27, 04:30 (GMT + 9):
IN BRIEF - Frozen fish to tinned tuna: India’s appetite for processed seafood is about to take off
Apr 27, 04:00 (GMT + 9):
IN BRIEF - Fishing ban in haors lifted
Apr 27, 04:00 (GMT + 9):
IN BRIEF - Price of Cold-Water Shrimp Cut by 45 Cents Per Pound
Apr 27, 04:00 (GMT + 9):
IN BRIEF - Experts in KES 30 million deal to boost Kenya's fish output
United States
Apr 27, 04:00 (GMT + 9):
IN BRIEF - Study finds a third of seafood items from six D.C. restaurants were mislabeled
Apr 27, 04:00 (GMT + 9):
IN BRIEF - Egypt suspends fish exports to lower local prices
Russian Federation
Apr 27, 04:00 (GMT + 9):
IN BRIEF - Russian Aquaculture FY 2016 net result turns to profit of RUB 3.89 billion
United States
Apr 27, 04:00 (GMT + 9):
IN BRIEF - Marine Products Corporation Reports First Quarter 2017 Financial Results
United States
Apr 27, 02:50 (GMT + 9):
Federal and state officials back shrimp antidumping duties
Apr 27, 02:30 (GMT + 9):
Pescanova could re-quote in two months
United States
Apr 27, 01:50 (GMT + 9):
Overfishing detected in Gulf of California's small-scale fisheries
Apr 27, 01:20 (GMT + 9):
Salmon price status at week 16
Apr 27, 01:00 (GMT + 9):
IN BRIEF - MSC and ASC welcome Lidl to discuss the power of partnerships
Apr 27, 01:00 (GMT + 9):
IN BRIEF - Israeli systems aiding fish farmers in Congo and Indonesia
Apr 27, 01:00 (GMT + 9):
IN BRIEF - Selonda Aquaculture SA FY 2016 net results turn to profit of EUR 2.4 million

China reopens market to live Irish crab
Republic of Ireland Minister of Agriculture of Ireland reached an agreement with a Chinese official on the proposed certificate to accompany consignments of crab exports to the Chinese market, which should facilitate the resumption of the crab trade between both countries.
Microplastics dumped on Atlantic shores reach the Arctic
Spain A study performed by an international team of researchers for the first time outlines the large-scale transport of microplastics from the Atlantic ocean to the Arctic, and highlights the global extent that has reached this problem in just a few decades.
Environmentalists accuse Japan of not abiding by bluefin tuna catch quotas
Japan Japan is to break its commitment as to the international Pacific bluefin tuna catch limit, undermined by lax compliance, which has worried conservationists due to the resource weak status.
Seafish presents new tool to encourage seafood ethical sourcing
United Kingdom Seafood industry authority Seafish is to launch a comprehensive online signposting tool intended to direct users to a large number of free resources that are helpful to manage social risks in seafood supply chains.
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Nueva Pescanova, S.L. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
National Geographic Society
AmazonFresh, LLC - AmazonFresh

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