IN BRIEF - Pingtan Marine Enterprise Announces Preliminary 2017 Second Quarter Financial Results; EPS Expected to be between USD 0.08 and USD 0.10
Tuesday, July 18, 2017
FUZHOU - Pingtan Marine Enterprise Ltd., a global fishing company based in the People's Republic of China (PRC), announced on July the 17th of 2017 preliminary financial results for the second quarter ended June 30, 2017. The Company expects to report earnings per ordinary share between USD 0.08 and USD 0.10 during the period. Pingtan currently owns/controls 140 vessels with 36 currently operating, 12 of which are in the Bay of Bengal in India, 13 in Indo-Pacific Waters, and 11 in international waters.
Mr. Xinrong Zhuo, Chairman and CEO of the Company, commented, "We are very pleased with the increased number of operating vessels deployed during the past twelve months and the increase in the sales volume of various catch species. We benefitted from having a considerable portion of our revenue from the sales of these fish products, which not only led to a favorable bottom line, but also is a strong indicator of both continued demand in China and continuity of our deliveries. We are confident Pingtan will continue to deliver favorable financial performance and operating results."
The herring fishing season is underway in the Northumberland Strait with boats heading out to sea usually at night to catch Atlantic herring, one of the most abundant fish species on earth.
The season continues until a total quota is met in the region. Herring are fished for both food and bait, and the catch may be exported smoked, fresh, frozen, marinated/pickled/cured, and canned as “sardines” or for their roe. Products from Canada’s herring fishery are destined for markets in Japan, the United States, and the Dominican Republic. One of the most valuable herring products is roe for the Japanese market.
Law360, New York -- The former manager of a Louisiana fish processing plant owned by Omega Protein Inc. has pled guilty to directing employees to dump water from an effluent pond at the plant into a canal that feeds the state’s Vermilion River, federal prosecutors said Thursday.
Aldes K. "Al" Vidrine III, 52, of New Orleans, entered a guilty plea in Louisiana federal court this week to one count of unlawful discharge of a pollutant into a body of water in the U.S. He faces up to one year in...
ERONGO Marine managing director, Martha Uumati is happy with the progress of the Fish-4-Business project that was started by the company in rural areas two years ago.
The programme aims at promoting fish consumption in villages, while offering food security to many poor and elderly people in the rural areas.
The Fish-4-Business project also aims at supporting small businesses in rural Namibia through empowerment and skills development. Existing shop owners were given the opportunity to grow their businesses while creating and sustaining jobs through the promotion of local fish consumption.
The first Fish Shop was started at Onandjila Village in the Omusati region and is run by Taimi Amukwaya. Five other shops followed a year later, as part of the "Fish-4-Business Challenge 2016" at Oshikushomunkete Village (Oshikuku area), Elondo (Tsandi area), Rosh Pinah, Vyfrandkamp (Okahandja) and Rundu.
In order to allow recognition of other Standards and become aligned with current internationally recognised Fishery Improvement Project (FIP) guidelines, IFFO RS Ltd. has proposed to review and refine the IFFO RS Fisheries Improvers Programme Acceptance Mechanism to support organisations through a structured improvement process. The full draft of the IFFO RS Fisheries Improvers Programme Acceptance Mechanism is ready for public consultation via our websitefor a period of 30 days beginning 19th September 2017.
To continue with the development of the Fisheries Improvers Programme Acceptance Mechanism, IFFO RS Ltd. has produced a draft of the full Acceptance procedures that consists of requirements, assessment methodology, potential outcomes and other relevant measures. A public consultation feedback submission form (excel format) has been produced in order to provide a user friendly way for stakeholders and other interested parties to provide feedback on the development. The purpose of this public consultation is to obtain input from a wide range of stakeholders and interested parties on the proposed mechanism and to inform about the continuing development of the IFFO RS Fisheries Improvers Programme
Genoa, WI (WXOW) - The Missouri department of conservation received a special delivery from Genoa, Wisconsin: a truck full of just under 10,000 lake sturgeon. It's something the Genoa National Fish Hatchery does every year for Missouri and other areas of the Midwest.
Thousands of lake sturgeon not much longer than 6 inches each were loaded early Thursday morning for an all day trip back to Missouri, where they are sorely needed.
Dr Lynch started a captive breeding program at the CSIRO in Hobart with support from Seahorse World, the Zoo and Aquarium Association, the National Environmental Science Program (NESP) and the SEA LIFE Melbourne Aquarium.
And so far the program has had a positive start.
Three spotted handfish were collected from the River Derwent off the shore of Battery Point and taken to a tank at the CSIRO a few metres away.
The two adults, dubbed Harley and Rose, immediately started to dance around the pole placed in the tank for breeding.
At a working session with Kampong Chhnang’s Governor Chhua Channdoeun on September 14, Nam highlighted the province’s great potential for aquaculture, the field where Vietnam has technologies and experience.
The bilateral aquaculture collaboration is expected to help Cambodia reach its targets of promoting economic development, ensuring local people’s stable life, protecting the environment, the official said.
He called on Vietnam to increase its investment in and support to Cambodia and Kampong Chhnang in areas of the country’s strengths, in order to promote the relationship between the two nations.
The US Department of Commerce (DOC) yesterday announced preliminary decisions after the 13th administrative review (POR13), increasing anti-dumping tax on Vietnamese frozen pangasius fillets to US$2.39 a kilogram, triple that in POR12.
POR13 was conducted to frozen pangasius fillets imported from Vietnam in the phase from August 1, 2015 to July 31, 2016.
According to Vietnam Association of Seafood Exporters and Producers (VASEP), that is the first time DOC made adjustments completely short of legal basis and regardless of usual regulations.
The decision is unfair, contrary to normal anti-dumping rules, compulsory and unreasonable to Vietnamese businesses who have exported frozen pangasius fish fillets to the US.
The decision belies free trade process and affects Vietnam-US bilateral trade relations, says the VASEP.
For the first time Russia (St Petersburg) is hosting the Global Fishery Forum & International exhibition for fishery, seafood and know-how (Global Fishery Forum & Seafood Expo) and with over 200 delegates attending from over 50 countries over two days, it promises to be an exciting event. IFFO’s Director General Andrew Mallison will participate in a two panel sessions and act as moderator for one of the two plenary sessions. The aim of the forum is to identify main trends in the development of the modern world fish market, promote the expansion of trade and economic relations and scientific cooperation. A strategy for the development of Russia’s fishing industry and export/import policies will also be discussed, making this a good opportunity to raise the profile of the marine ingredients industry, and IFFO, in Russia.
A sea change in Pacific fish wars Japan
In ominous times, the world is already at war over fish, and seafood-loving Japan finds itself pitted against fish-hungry nations and region like China, North Korea, Taiwan, and the US.
Hurricane season leads to fishing industry catastrophic loss Bahamas
This hurricane season has caused catastrophic loss in fishing industry in The Bahamas, which led operators to think that a direct hit by Hurricane Maria could sink international markets dominated by Bahamian exports, according to Bahamas Commercial Fishers Alliance President.