The Howth-based Wright seafood and restaurant group last year recorded a pretax loss due to €500,000 in redundancy costs.

Accounts filed by Ireland’s Eye Seafoods Ltd show it recorded a pretax loss of €102,589 in the 12 months to the end of January last after recording a pretax profit of €695,271 in the prior year. Revenues dipped by 6 per cent to €20 million. 

The directors state that they were pleased with the overall performance in the 12 months to the end of January last and noted that the loss was due to the once-off redundancy costs incurred.

Source: irishtimes.com | Read full article here

In an unusually strong statement, President Joko Widodo told reporters: “There is no negotiation when it comes to our sovereignty.”

The stand-off since last month in the northern Natuna islands, where a Chinese coastguard vessel has accompanied Chinese fishing vessels, has soured the generally friendly relationship between Jakarta and Beijing.

Indonesia’s chief security minister, Mahfud MD, told reporters that around 120 fishermen from the island of Java would be sent to the Natuna islands, some 1,000 km (600 miles) to the north.

“We want to mobilize our fishermen from the north coast and maybe in turn from other areas to operate by fishing there and other things,” Mahfud said.

Indonesia, the world’s fourth most populous country, said last week it was sending more warships to the area.

Source: Reuters | Read full article here

With the Gulf of Maine warming faster than 99% of the world’s oceans, it makes sense there would be impacts on fish stocks and the fishermen who depend on them for a living.

While several studies have demonstrated that marine inhabitants are on the move trying to find cooler water, the data on how climate change is affecting fishermen has been hard to come by. Other factors — cuts to fish quotas, the closing of more areas to fishing, and gear changes to rebuild fish stocks or protect endangered species such as the right whale — also could affect the fishing industry and disguise the impact of ocean warming.

Source: Cape Code Times

The 2018 implementation report of the European Maritime and Fisheries Fund (EMFF) is now available. It summarises EMFF implementation across EU countries and sea basins according to specific topics during the period 2014-2018. The report is based on data provided by the Member States in 2019, covering the period from January 2014 to December 2018.

In terms of activities, the report shows that most funding went to data collection on fisheries and aquaculture activities (EUR 362.4 million committed) which helps improve stock assessments and understanding of the state of these sectors, including socio-economic conditions.  Control and enforcement (EUR 293.5 million committed) and productive investments in aquaculture (EUR 241.5 million) came in the second and third positions.

Source: European Commission

Globally, the demand and the consumption of seafood have increased significantly. People nowadays are ready to try to experiment with their food and taste, which has increased their focus towards seafood. Demand for different types of fish, shrimp, and crustaceans has increased massively. Thus, to meet this growing demand, it is important to feed these aquatic livestock with healthy aquaculture feed. Shrimps and fishes require particular dietary supplements related to protein, energy, fiber, vitamin, minerals, and body chemistry. Therefore, the demand for warm water aquaculture feed helps in stimulating growth, feed ingestion in diet, and ingredient dispersion. Thus, these factors are driving growth in the global warm water aquaculture feed market.

As the demand for seafood is booming, it is highly important to know about supporting markets. Warm water aquaculture feed is one such market that is highly linked with the growth of seafood. Therefore, market research companies are making efforts to analyze all the key factors influencing growth in the global warm water aquaculture feed market. Major focus of the report is on DROT (drivers, restraints, opportunities, and threats) as these are key factors on which market growth is largely dependent.  Key strategies used by players and geographical growth are also presented in the report.

Source: CONews Industry

Sanwo-Olu stated this at the 2019 Lagos Seafood Festival on Sunday 22nd of December 2019 in Lagos.

He said that investment in aquaculture value chain would not only create jobs and contribute to poverty reduction but would also unleash opportunities for entrepreneurship.

The governor, who was represented by his Deputy, Dr Obafemi Hamzat, said that to attain the goal, the state government had initiated several projects in the agricultural space.

Source: Pulse

Global Aquaculture Additives Market covers all the aspects of market factors. The report involves detailed specifications about the Aquaculture Additives market size with respect to sales, revenue, value, and volume. The research study furnishes crucial information along with the market size and share of the global market. The report then highlights factors affecting the development of market such as drivers, restraints, threats, and opportunities, technology advances, the latest market scenarios, etc. It also includes detailed segmentation by types and applications and the forecasting about the market status in the coming future from 2019 to 2025. The report analyzes important financial conditions such as costs, stocks, price structure, and profits in terms of key regions.

The report delivers a comprehensive competitive analysis of the Aquaculture Additives market which includes detailed company profiling of leading players, a study on the nature and characteristics of the vendor landscape, and other important studies. Additionally, key participants’ innovations, new developments, marketing strategies, branding technologies, and products that exist in the global outdoor advertising market are mentioned in the report. It reveals the company profile, descriptions of the product, and production values along with the assistance of the statistical review. The presented study talks about the numerous segmentation of the Aquaculture Additives market and offers a fair assessment of the supply-demand ratio of each segment.

Source: Market Research News

The demand within the global market for aquaculture vaccines market has been rising on account of advancements in the field of fish farming. Aquaculture has emerged as a key commercial industry for several nations and regions. This has led the regional territories to heavily invest in harbouring aquatic life. Moreover, the return on investments gathered from aquaculture vaccines has also given a thrust to the growth of the global aquaculture vaccines market. There have been several analytic tests and experiments to study the response of aquaculture to various forms of vaccines. The aquaculture vaccines framework has been developed after thorough research and development. Hence, the global aquaculture vaccines market endows commendable opportunities for growth in recent times.

Aquaculture is a significant part of the ecosystem, and it largely affects the balance of the earth. Hence, there is a dire need to protect aquatic life from external and internal threats of plague and disease. Therefore, the investment dynamics of the global aquaculture vaccines market have been improving in recent times. Moreover, governments have shown a sense of responsibility towards preserving aquatic life in their respective territories. This factor has promoted extensive growth within the global aquaculture vaccines market. The forces of supply, demand, and distribution within the global aquaculture vaccines market play an important role in determining market growth.

Source: Market Research News

Prawn lovers are facing higher-than-normal prices this Christmas as the drought continues to have an impact on supply.

Professional Fishermen's Association CEO Tricia Beatty said the drought was taking a toll.

"It's a well-established fact that when you have drought on land, you have drought in water," Ms Beatty said.

"When you go to the land and see a farmer and his crops, you can see how they are directly impacted by the drought."

Source: ABC

A 36-hour fish market frenzy has kicked off in Sydney, as shoppers scramble for their Christmas seafood staples.

The Sydney Fish Market opened at 5am on Monday and will not close again until 5pm on Tuesday.

Market spokeswoman Stephanie Margrain says about 100,000 people are expected to buy 700 tonnes of seafood, including 130 tonnes of prawns.

"Prawns and oysters are always favourites at Christmas time and people will be glad to know that supply is plentiful for both of those items and prices are comparable to last year."

Source: 7News