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."
CLEMENTS, San Joaquin County - Salmon crowded in and around the Mokelumne River Fish Hatchery on Thursday, offering leaping and squiggling proof of what so far is a near-record return of the big pinkish delicacies after several years of low breeding numbers.
Schoolchildren watched as the fall-run chinook squirmed on conveyor belts into the “egg take” building, where, with help from about a dozen hatchery workers, they engaged in the decidedly unromantic process of spawning the next generation.
“It’s going to be one of the top three or four years that we’ve seen since 1940,” said Jose Setka, the manager of fisheries and wildlife for the East Bay Municipal Utility District, which supplies Mokelumne River water to 1.4 million East Bay customers. “We are getting more of our fish back where they belong.”
The Department of Agriculture (DA) is eyeing Russia as an “exciting” market for the Philippines’ shrimp industry, its top official said.
Agriculture Secretary Emmanuel Piñol, who was guest of honor at the 11th National Shrimp Congress held at SMX Convention Center in Bacolod City Thursday, said he recently talked with his Russian counterparts in Vietnam, during a bilateral meeting.
Piñol was with President Rodrigo Duterte, who met with Russia President Vladimir Putin.
In that meeting, Putin was very emphatic in telling Duterte to start delivering agriculture products as they have the money, he said.
“This is where I would like to bring the shrimp industry,” Piñol said, adding that Russia is the new exciting market “but we have to get our acts together. We cannot operate independently.”
The Global Aquaculture Alliance is pleased to announce that Jeff Fort has agreed to take on the role of chief operating officer, effectively immediately, in addition to his existing role as chief financial officer, a position he has held with the organization since 2012.
Fort has been involved with GAA since its inception in 1997. His company, Delta Blue Aquaculture, is a GAA Founding Member. Fort is currently a member of the GAA board of directors and GAA executive committee.
The Alaska Responsible Fisheries Management (RFM) Certification draft reports for re-assessment and initial assessment of the following Alaska crab fisheries are now available for registered stakeholder comment:
Bristol Bay Red King crab (Paralithodes camtschaticus), St. Matthew Island Blue King crab (Paralithodes platypus) and Eastern Bering Sea Snow crab (Chionoecetes opilio)] (re-assessments)
The Eastern Bering Sea Tanner Crab (Chionoecetes bairdi), Aleutian Islands Golden King Crab (Lithodes aequispinus) (initial assessments)
The comment period commences on November 17, 2017 and closes on December 16, 2017 at 5:00 PM GMT.
Stakeholders already registered will receive a copy via e-mail from the Certification Body, Global Trust Certification Ltd.
The current emergency closure of some fisheries along the coast of Kaikoura is being extended to help the marine environment affected by the 2016 earthquakes to recover.
An emergency closure, in consultation with the local Kaikoura community, was imposed after the 2016 quakes and that applied to all shellfish and seaweed - excluding rock lobster (crayfish) and scampi.
MPI Acting Director Fisheries Management, Steve Halley, says the earthquakes had a devastating effect on the coastline between Marfell's Beach and the Conway River, raising the seabed by several metres in some areas.
Fish farms made EUR 6.6 million in 2016, almost half what they earned in 2015 despite a 21.9% increased in output.
This was due to a 30.6% increase in costs due to increases in overheads, selling costs, variable production costs, and in purchases of live tuna and other fish.
The National Statistics Office said on Wednesay that EUR 144.9 million of fish were sold, of which EUR 133 million were tuna.
In 2016, the volume of fresh fish sold amounted to 12,466 tonnes, an increase of 15.4% over the preceding year. This was due to increases in the sales of seabass and tuna of 43.7% and 25.5%, respectively. On the other hand, sales of other fish and seabream decreased by 73% and 5% respectively.
Starting today, Juneauites will have the chance to catch king crab in the waters surrounding their backyards. It’s the first time in six years a winter personal use fishery has been opened in Juneau area waters.
A total of 1,965 king crab have been allocated for the fishery. That’s up from 1,300 crab when the fishery was last opened in 2011.
“I would say it’s on the higher end of what we’ve had for a winter fishery allocation,” said Karla Bush, Southeast Region Shellfish and Groundfish Program Coordinator for the Alaska Department of Fish and Game.
Personal use red and blue king crab fishing is typically open in other areas close to Juneau, but not in the areas surrounding the city, where low populations have kept the fishery closed.
The Newfoundland and Labrador government says a judge failed to see that it was reasonable for the province's environment minister to release a massive Placentia Bay salmon farm proposal from further environmental assessment.
In court documents filed in St. John's, the province argues Supreme Court Justice Gillian Butler made errors that led her to order an environmental impact statement (EIS) for the project.
It's calling on the Newfoundland Court of Appeal to set aside Butler's decision and allow the minister's previous decision to stand.
Port strike hits Bio Bio fishing sector Chile
It is estimated that some USD 243 million has been lost by the Bio Bío Region due to the national strike that since November 7 has been carried out by port workers.