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IN BRIEF - Barramundi Group Ltd: Restructuring Efforts

SINGAPORE
Monday, September 09, 2024

Barramundi Group Ltd (“the Company”) (EURONEXT: BARRA) – Reference is made to the stock exchange notice dated 19 September?2023 regarding the Company’s former Australian operations, and the stock exchange notice dated 28 February 2024 regarding progress on financing of the Company’s operations in Brunei.

The resolution of the Australian operations and the meeting of immediate financing requirements in the Brunei operations marked key milestones in the critical restructuring of the Group’s subsidiaries.

Further to its restructuring efforts at the subsidiary level, the Company is now working with its financial advisors, KordaMentha Pte Ltd (“KordaMentha”), to implement a comprehensive restructuring scheme at the holding company. Their expertise will be instrumental in guiding the Company through the process of solidifying a restructuring plan that is aimed at securing the financial sustainability of the Company.

While the specifics of this restructuring is being fine-tuned, it is expected to materially affect the value of the Company’s shares.

The Company is committed to working closely with KordaMentha to finalize a strategy that will lead to a best possible outcome for all stakeholders.

Further updates will be provided as the restructuring process progresses.


IN BRIEF - Minister of the Sea Highlights Opmega’s Sustainability in Boiro

SPAIN
Thursday, May 14, 2026

The Minister of the Sea, Marta Villaverde, visited the facilities of Opmega, Galicia's leading mussel sector organization, in Boiro.

Accompanied by President Ricardo Herbón, she learned about advancements in sustainability and innovation, such as the CSIC study presented at Seafood Expo Global Barcelona. This report certifies that the carbon footprint of Galician mussels is minimal and highlights their ecological value to the estuaries.

The entity is moving toward MSC international certification to bolster competitiveness against imports. Commercially, the success of their fresh, microwave-ready mussel trays stands out for optimizing shelf life. Despite challenges like biotoxin closures in late 2025, Opmega remains a European benchmark with 579 platforms (bateas) and 312 members across the estuaries of Muros and Noia, Arousa, Pontevedra, Vigo, and Portugal.

Opmega has been recognized by the Ministry of Agriculture, Fisheries and Food since 1986 as Spain's first transnational mussel producers' organization.


Other Media | La Voz de Galicia: Vigo is the only Galician fish market where bluefin tuna can be landed

SPAIN
Thursday, May 14, 2026

Due to the increase in the national quota, since May 2nd, trawlers, purse seiners, and inshore fishing vessels have been able to land and sell the bluefin tuna that they previously had to discard if caught in their gear. The International Commission for the Conservation of Atlantic Tunas (ICCAT) states on its website that of the 121 Spanish ports authorized to land this tuna, nine are in Galicia. Although the Ministry of Agriculture, Fisheries and Food refers to ICCAT for "the complete updated list," its proposal for managing the fishery only includes the port of Vigo among the 39 authorized ports in Spain.
 
Source: La Voz de Galicia | Read the full article here

Other Media | iPac.acuicultura: Organic Caviar Showcases its Aquaculture Model Under Strict Quality Standards in Riofrío, Granada

SPAIN
Thursday, May 14, 2026

Riofrío (Granada) was the location chosen by Aquaculture of Spain to celebrate an experience centered around one of the world's most exclusive gastronomic products: organic caviar. The event—which combined sustainability and gastronomy to showcase the inland aquaculture model that has made this Andalusian enclave an international benchmark in the organic production of this species—demonstrated that, thanks to its commitment to sturgeon farming in the 1990s, Riofrío now produces sturgeon and caviar in a sustainable, regulated, and transparent manner.
 
It is precisely thanks to this commitment to aquaculture that it is currently possible to continue enjoying such an exclusive product as caviar under strict standards of quality, animal welfare, and sustainability.
 
Source: ipac.acuicultura | Read the full article here

Other Media | SeafoodSource: Saudi Fisheries gets nod to raise additional capital as part of continued turnaround efforts

SAUDI ARABIA
Thursday, May 14, 2026

Saudi Fisheries gets nod to raise additional capital as part of continued turnaround efforts

Saudi Fisheries Company (SFC) has been given the greenlight from the Saudi Arabian Capital Markets Authority to raise SAR 340 million (USD 89.9 million, EUR 76.5 million) through a rights issuance as the seafood firm pursues additional measures in turning around its poor financial performance.

In a recent statement to the Saudi Stock Exchange, SFC said it received the approval after "the company fulfilled all the observations and requirements related to the capital increase file,” adding that the approved rights issue plan will be subject to the approval of shareholders at an extraordinary general meeting.

Author: Shem Oirere / SeafoodSource | Read the full article here


Other Media | Fish Farmer: Scottish salmon exports soar to £6bn over decade

UNITED KINGDOM
Thursday, May 14, 2026

Scottish salmon exports have soared over the past decade, with overseas sales worth more than £6bn, new figures reveal.

Analysis of HMRC data by trade body Salmon Scotland shows the UK’s top food export reached 94 global markets between 2016 and 2025.

Annual export value rose from £445m at the start of the decade to £828m last year, an increase of 86%. This is despite overall production in Scotland going up by less than 2% per year.Volumes also rose by 51% over the same period, with Scottish salmon shipped to markets across North America, Europe, Asia, and the Middle East.

Author: Robert Outram / Fish Farmer| Read the full article here


Other Media | fishfarmingexpert: Princess Anne gives royal seal of approval to Bakkafrost hatchery

UNITED KINGDOM
Thursday, May 14, 2026

The Princess Royal has officially opened Bakkafrost Scotland’s multi-million pound Applecross facility in Wester Ross, the UK’s largest freshwater recirculating aquaculture system (RAS).

During the visit on Wednesday, Princess Anne toured the freshwater site, met employees and local guests, and learned how advanced technology is being used to improve fish welfare, reduce environmental impact and support high value, skilled rural employment.The facility plays a pivotal role in Bakkafrost Scotland’s ‘one summer at sea’ production strategy, which allows salmon to spend longer growing in controlled freshwater conditions before transferring to sea as larger, stronger smolt.

Source: fishfarmingexpert | Read the full article here


IN BRIEF - Prawn Farmers Protest Unilateral Feed Price Hike in Ongole

INDIA
Thursday, May 14, 2026

Ongole: Tensions flared on Tuesday as local prawn farmers staged a spirited protest outside the District Fisheries Office, demanding an immediate rollback of unauthorized price hikes on aquatic feed.

Led by the Prawn Farmers Association Prakasam district committee, demonstrators accused feed companies of bypassing mandatory APSADA (Andhra Pradesh State Aquaculture Development Authority) approval. The companies reportedly increased Tiger feed prices by Rs 10.70 per kg and Vannamei feed prices by Rs 8.40 per kg.

Association District President Duggineni Gopinath dismissed industry claims that rising raw material costs necessitated the hike. He highlighted a sharp decline in soya meal prices—dropping from Rs 100 to Rs 35 per kg—noting that companies typically stockpile materials at lower rates.

The price surge is expected to drive up production costs by Rs 35 to Rs 40 per kg for Tiger shrimp and Rs 15 to Rs 20 per kg for Vannamei. Following the protest, the farmers submitted formal petitions to District Collector P. Raja Babu and Fisheries Joint Director (JD) Srinivas, warning of a statewide agitation if the government fails to intervene.


IN BRIEF - Russia Expands 'Inspector' App to Digitalize Fisheries Oversight

RUSSIAN FEDERATION
Wednesday, May 13, 2026

The Russian government has officially expanded the functionality of the “Inspector” mobile application, marking a significant step in the digitalization of the nation’s fisheries and aquatic bioresource conservation sectors.

This update transitions traditional regulatory interactions into a streamlined, remote format with full official recording of all actions.

Key Enhancements

The “Inspector” app, integrated into the Standard cloud solution for automation of control (supervisory) activities, now serves as the primary tool for federal oversight. Its expanded capabilities include:

  • Remote Inspections: Conducting real-time video conferences during official checks and preventative measures.
  • Digital Evidence: Documenting violations through photography and video directly within the app.
  • Information Exchange: Seamless presentation of documents and data during inspections.
  • Compliance Tracking: Official confirmation that previously identified violations of fishing regulations or fishing ground use conditions have been rectified.

By leveraging these remote tools, authorities aim to reduce the administrative burden on bona fide industry participants while maintaining rigorous compliance with fisheries legislation.


IN BRIEF - Myanmar’s Aquatic Exports Reach 42 Nations Amid Modernization Push

MYANMAR
Wednesday, May 13, 2026

Myanmar is currently exporting aquatic products to 42 countries, with seafood making up 70% of shipments and freshwater products accounting for the remaining 30%.

According to the Myanmar Fisheries Union, the industry is pivoting toward modern aquaculture to offset rising production costs and a decline in marine fishery resources.

A key development is underway in Bandanau, located in the Ayeyarwady Region, where a 3,000-acre deep-water zone is utilizing modern technology to farm tilapia. New export contracts have already been signed with the United States and China, with shipments scheduled to begin this year.

Officials emphasize that transitioning from traditional catches to controlled environments is vital. Establishing modern aquaculture zones could generate nearly $200 million in annual revenue. By expanding these industries, Myanmar aims to secure its domestic food supply while significantly boosting foreign exchange earnings through a more sustainable and consistent export model.


IN BRIEF - Tilapia Prices Surge Past US$ 1.73/kg in Key Brazilian Hubs

BRAZIL
Wednesday, May 13, 2026

Tilapia prices are showing signs of stabilization across Brazil, though significant regional gaps persist. According to the Center for Advanced Studies in Applied Economics (Cepea), price differences reached up to US$ 0.25 per kilo between monitored regions during the week of May 4-8, 2026.

Market Highlights:

  • Northern Paraná: Recorded the highest price at US$ 1.73/kg (R$ 10.47).
  • Triângulo Mineiro / Alto Paranaíba: Followed closely at US$ 1.69/kg (R$ 10.24), a 0.13% increase.
  • Grandes Lagos (SP/MS): Averaged US$ 1.67/kg (R$ 10.09), up 0.28%.
  • Morada Nova de Minas (MG): Noted a slight dip to US$ 1.61/kg (R$ 9.75).
  • Western Paraná: Maintained the lowest national rate at US$ 1.48/kg (R$ 8.96).

While Western Paraná remains the most affordable hub, the state of Paraná continues to lead the nation in processing and exports. This stability marks a shift away from the high volatility seen in recent fish farming cycles.


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