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Other Media | fishfarmingexpert: Oyster and mussel farmers ‘need cash help now’

Tuesday, March 24, 2020

Scotland’s oyster farmers and smaller mussel growers need immediate financial help if their businesses are to survive the economic effects of the coronavirus outbreak, an industry spokesman has warned.

Nick Lake, executive director of the Association of Scottish Shellfish Growers (ASSG), said oyster growers were almost entirely reliant on UK pubs, restaurants, cafes, etc, which have now had to shut down.

The same is true of some smaller mussel farmers who sell to their local hospitality pubs and restaurants.

Reliant on ferries

Other mussel farmers who supply processor and marketer Scottish Shellfish, based at Bellshill in Lanarkshire, are in a better position because supermarkets are still providing a market.

But Lake warned that they, too, could be hit if the ferries they rely on to transport their mussels to the mainland stop running because of the Covid-19 epidemic.

Author: Gareth Moore / fishfarmingexpert | Read the full article here

IN BRIEF - Maersk, year 2020 outlook pending. 'Uncertain' with COVID-19

Tuesday, March 24, 2020

A.P. Moller - Maersk a major Danish shipping company, announced that expects earnings before interest, tax, depreciation and amortisation (EBITDA) of around USD 5.5bn, before restructuring and integration costs.

The organic volume growth in Ocean is expected to be in line with or slightly lower than the estimated average market growth of 1-3% for 2020.

The accumulated guidance on gross capital expenditure excl. acquisitions (CAPEX) for 2020-2021 is still USD 3.0-4.0bn. A high cash conversion (cash flow from operating activities compared to EBITDA) is expected for both years.

The outlook and guidance for 2020 is subject to significant uncertainties and impacted by the current outbreak of the Coronavirus (COVID-19) in China, which has significantly lowered visibility on what to expect in 2020. As factories in China are closed for longer than usual in connection with the Chinese New Year and as a result of the COVID-19, we expect a weak start to the year.

The guidance for 2020 is also subject to uncertainties related to the implementation of IMO 2020 and the impact on bunker fuel prices and freight rates combined with the weaker macro economic conditions and other external factors.

Other Media | The Fish Site:Chinese aquaculture begins to bounce back as coronavirus restrictions are lifted

Tuesday, March 24, 2020

Following the end of 50 days of coronavirus-inspired lockdown, The Fish Site’s China correspondent Ronnie Jin reports cause for optimism among many of the country’s aquaculture producers, although others still face an uphill struggle.

China’s aquaculture industry, and the country in general, would not be on the road to recovery so soon after the outbreak of the coronavirus had it not been for the extreme government lockdowns.Nearly all public services were shut down due to the pandemic; people were not allowed to leave the highway in many cities; temporary roadblocks made from shipping containers were set at the entrance of each village. As normal human life was put on hold, nature began to respond and a wild panda was even found roaming around on a once busy highway.

50 days was a pretty long sleep, but China now seems to be recovering quite fast. Most provinces have reported no new cases of COVID-19 for the past week, while the situation in other countries is going the other way. China’s cities have been graded according to the case numbers and risk of spreading. For those deemed the least affected by the pandemic, it is now possible to travel anywhere outside the provinces still most at risk and stay in hotels, provided you have a green “healthy” code.

Author: Ronnie Jin / The Fish Site| Read the full article here

Other Media | SalmonBusiness: Spanish supplier: 'We are not going to buy any more salmon, otherwise we cannot survive'

Tuesday, March 24, 2020

Spanish seafood supplier Europacifico states they will not order more salmon, as they are not able to sell it in the current market.

Monday the Spanish Government stated 400 people have died of corona virus the last 24 hours. A rapid spread and the highest registered spread in 24 hours in Spain. As a result, the seafood industry is bleeding, but the worst is yet to come according to the prime ministers speech Saturday.

Europacifico is also expecting more challenging conditions and trying to minimise production and expenses to survive.

“We are not selling anything that is not a commodity fish. This is to survive. No sales of any special species right now,” says Luis Suarez, general manager at Europacifico.

Europacifico processes around 15,000 tons of fish a year, and salmon is the sixth biggest fish they sell. The company usually processes around 10 tons of salmon a week but right now only processes one ton of salmon a week.

“We are processing 90% less salmon than usual. We are not going to buy any more salmon, otherwise we cannot survive,” Luis Suarez explains and elaborates:

“Salmon prices are falling, and no one is ordering more.”

Author: Katrina Poulsen / SalmonBusiness | Read the full article here

Other Media | Faro de Vigo: Shellfish harvesting paralyzed due to coronavirus

Tuesday, March 24, 2020

Guilds ask the Galician ministry of marine affairs to cease activity so that immediate aid for the sector is activated -They maintain that seafood is not an product of first necessity

ithout buyers and without being able to articulate the appropriate measures to keep the distances that the protocol to fight against Covid-19 marks, most of the brotherhoods of the Arousa estuary, those that are within the Rañ[email protected]??s collective, have decided to close and cancel the harvest of shellfish in Os Lombos, O Bohido and Cabío.

The measure affects the last week of the free shellfish gathering, but it is very likely that it will continue as long as the national alert that the government has decreed is maintained. The decision has been made pending the Consellería do Mar decree the cessation of extractive activities, so that the entire sector will be without immediate income due to the pandemic situation, a circumstance that is in the hands of the administration to solve it as soon as possible.

Both the extractive sector and treatment plants will maintain contacts to inform of the difficult situation in which they find themselves to the Consellería do Mar in order to adopt measures that allow the fleet to collect subsidies, as has happened on other occasions. "We are going to see how events evolve, because as it is happening, nobody knows very well what to do, especially since we have never experienced a situation like this," Costa explained yesterday.

Author: A. Gago / Faro de Vigo | Read full article here (Spanish)

STATEMENT - GSSI statement on COVID-19

Monday, March 23, 2020

 “As the COVID-19 outbreak continues to expand and to impact lives, GSSI is taking responsible precautions. GSSI Secretariat now works from home in line with the Dutch government guidance and uses digital tools to maintain programme continuity and support our partners. Health and safety are our priorities.

2020 marks another important year ahead for GSSI, we are committed to continue tackling today’s pressing seafood sustainability challenges under these exceptional circumstances, and to work with our global partnership to deliver more sustainable seafood in the future.

Our programmes are on the right path: following the Seafood Expo cancellation, Seafood MAP will be launched online, with an expert-led panel; the global partnership keeps growing, as we recently welcomed our new funding partner, TASA.

Find out about GSSI’s programmes and don’t hesitate to contact our team for more information.”

Herman Wisse, Executive Director

STATEMENT - Pacific Seafood's Frank Dulcich Responds to Pandemic

Monday, March 23, 2020

Pacific Seafood is among the select few critical infrastructure companies in the US that are being called on to maintain our nation’s food supply during the COVID-19 pandemic. Through conversations with our retail customers we know they are experiencing challenges keeping enough proteins on shelves, and filling the demand for more ready-to-eat and ready-to-cook products amid restaurant closures.

“Due to our vertically integrated supply chain and geographically dispersed locations, we are in a unique position to solve this critical need.  We have already begun flexing our production capabilities, leveraging our availability of frozen inventory, and relying on the strength of our logistics operations and innovative packaging capabilities to rapidly meet customer needs in this unprecedented time.

“Pacific Seafood recognizes our unique responsibility to support our nation’s response to COVID-19 by continuing operations without interruptions to maintain our critical food supply. We also stand with our customers and are supporting them by using our distribution network to ensure the delivery of essential products. I also want to thank each and every one of our team members for their continued commitment during this difficult time.”

Frank Dulcich, Pacific Seafood President and CEO

Other Media | Audlindin: Weather and uncertainty in the markets keep ships in port

Monday, March 23, 2020

Bergs-Hugins fishing trawlers in the Vestmannaeyjar, Bergey VE and Vestmannaey VE, landed last fall. Wednesday. Both ships had a full load of large and beautiful saithe. Vestmannaey got the catch at Selvogsbankinn but Bergey just east of the Islands.

Now both ships are in port and the reason is twofold; on the one hand, bad weather forecasts over the weekend and on the other hand the uncertainty prevailing in the fresh fish markets due to Covid 19. As for the weather, two downturns are expected this weekend and the wave forecast is extremely bad. In terms of market conditions, the demand for fresh fish in traditional markets has collapsed. Stores prefer frozen products and restaurants are most closed.

Source: Audlindin | Read full article here

PRESS RELEASE - Samherji Holding requests an exemption from mandatory bid obligation in Eimskip

Saturday, March 21, 2020

Samherji Holding, a company affiliated with Samherji, has submitted a notice to the Central Bank of Iceland's Financial Supervisory Authority, requesting an exemption from mandatory bid obligation after the company exceeded the 30% threshold in ownership in Eimskip.

On the 10th of March, it was announced that Samherji Holding had increased its stake in Eimskip by 3.05% and controlled a 30.11% stake in the company after the acquisition. Samherji Holding announced plans to send other shareholders of Eimskip takeover bids for their shares within four weeks as required by law.

In a letter to the Central Bank of Iceland's Financial Supervisory Authority on the 20th of March, Samherji Holding requested an exemption from the takeover obligation due to the unique circumstances that had arisen in the financial market due to the spread of Covid-19. In the Securities Transactions Act, the Financial Supervisory Authority is authorized to grant such an exemption under special circumstances.

Samherji Holding's request states that uncertainty related to the spread of Covid-19 has created an unprecedented situation in the Icelandic economy.

"In just a few days, the entire economic environment has changed dramatically, well beyond what was projected. The impact is widespread and has had a chain-reaction across the financial market and the economy as a whole. We do not think it wise to issue a takeover bid in the current turmoil. We all hope that the situation will be better sooner rather than later. Our belief in Eimskip's future has not changed," says Björgólfur Jóhannsson, the interim CEO of Samherji Holding.

The matter is now under review by the Central Bank of Iceland's Financial Supervisory Authority. It may set conditions for the exemption, for example, regarding the deadline to sell shares in excess of 30% and voting rights during that period.

Other Media | SalmonBusiness: Currency shock provided big trade opportunities for Fish Pool

Saturday, March 21, 2020

Wild currency fluctuations provides both opportunities and threats.

The Salmon Exchange Fish Pool noted the effect of the largest fluctuations in the foreign exchange market that we have ever seen.

“Buyers in the EU are naturally very uncertain about the demand situation, and expect prices to be clearly lower than last year. Buyers in the EU were willing to make contracts of around EUR 4.60 / kg for the rest of 2020. With exchange rates around 11.50, as we have seen in recent days, it yielded NOK 52.90 / kg, but no fish farmer was willing to sell so low. Spot prices for the remaining year 2019, April-Dec were EUR 5.85 / kg (average currency 9.90 and average spot price was NOK 57.90 / kg). The sellers at Fish Pool demanded NOK 59.00 / kg, which means increased revenue compared to last year’s spot prices,” Søren Martens told SalmonBusiness.

He is the general manager of the Bergen company Fish Pool, which trades financial contracts in the future market for salmon.

Author: Aslak Berge / SalmonBusiness | Read the full article here

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