Proximar Seafood AS has announced the confirmation of its first slaughter date, set for September 30, marking a significant milestone for the company. The land-based salmon farming company is developing a state-of-the-art facility near Mount Fuji, Japan, to serve the growing demand for fresh salmon in the region.

In addition, Proximar has secured two new loan agreements totaling 1 billion Japanese yen (approximately NOK 75 million or USD 7.07 million). The loans will provide the company with working capital and act as a liquidity buffer to support its operations as it moves forward with production.

These developments reflect Proximar's steady progress toward becoming a key player in land-based aquaculture in Asia.

HANOI (Xinhua) -- Vietnam earned 953 million U.S. dollars in August from exporting fishery products, up nearly 20 percent over the same period last year, local media reported Monday, citing the Vietnam Association of Seafood Exporters and Producers (VASEP).

Apart from squid and octopus, of which export turnover decreased by 15 percent, the exports of most of Vietnam's key fishery products reported double or triple-digit growth in August.

Shrimp exports rose by 30 percent, pangasius by 18 percent, tuna by 13 percent, and other marine fish by 12 percent.

The value of Vietnam's fishery exports in the first eight months of 2024 was estimated at 6.3 billion dollars, up 9 percent year on year, said the report.

According to the association, Vietnam saw a gradual recovery of seafood exports during the first eight months of this year, both in terms of demand and price.

The association expects that seafood exports for 2024 will be at 9.4-9.5 billion dollars, up 6 percent compared to 2023.

The Icelandic Fisheries Seafood & Aqua Exhibition (IceFish) opens today in Smárinn (Kópavogur, Iceland), to showcase innovations in technology, products and services in the seafood industry to a wide variety of representatives from commercial fishing organisations and associated companies. The event, which runs until Friday 20th, celebrates its 40th anniversary this year with 57 new exhibitors from 14 different countries.

The official opening ceremony will begin at 2pm. The event will be opened by Bjarkey Olsen Gunnarsdottir, Iceland's Minister for Food, Fisheries and Agriculture.

Source: Fisheries l Read the full article here

Red Lobster announced its exit from Chapter 11 bankruptcy on 16 September after gaining the newly created RL Investor Holdings as its new owner and officially appointing Damola Adamolekun as CEO.

RL Investor Holdings is an entity created by funds managed by affiliates of Fortress Investment Group, alongside co-investors TCW Private Credit and Blue Torch.  With the company taking over as the chain’s new owner, Red Lobster has exited its bankruptcy status.

Author: Christine Blank l SeafoodSource l Read the full article here

Muscat: Fisheries Development Oman (FDO) announced its participation in the Seventh Global Fishery Forum & Seafood Expo Russia, scheduled from September 17–19, 2024, in St. Petersburg. This prestigious event provides FDO and its subsidiaries with a unique platform to showcase Omani seafood products, services, and investment opportunities to the global industry. It also facilitates engagement with thousands of businesses, key buyers, and investors, enabling FDO to expand its market reach.

The Expo will host over 400 companies from 34 Russian regions and 14 countries, spanning 26,000 square meters of exhibition space. With 139 industry experts set to speak, the event is a vital convergence of leaders, traders, and retailers from the seafood sector.

Muneer Al Muneeri, Chairman of FDO, stated: "As a group leader in Oman’s fisheries and aquaculture sector, FDO proudly highlights Oman’s position as a major fish producer and net exporter within the GCC. We are committed to expanding our seafood exports by adhering to global standards of sustainability, food safety, and environmental responsibility, supported by Oman’s attractive business incentives and improving infrastructure."

"Our participation at the Global Fishery Forum & Seafood Expo Russia reinforces our mission to position Oman as a global leader in sustainable seafood, showcasing our vast marine resources and investment opportunities."

Three people are dead after a fishing vessel capsized in waters off Gunsan city in North Jeolla Province. 

The city’s coast guard said on Monday that it rescued all eight crew members of the fishing boat in waters off Gunsan after receiving a report at around 7:36 a.m. about the boat accident.

Authorities said though the entire crew was rescued, three of the members, including the boat’s Korean captain and chief engineer as well as a foreign crewmember, were pronounced dead at the hospital.

Photo : YONHAP News = Gunsan Coast Guard

The remaining five crewmembers, all of foreign nationality, were reported to be in relatively good health. 

The coast guard is looking into the possibility that the boat capsized after it collided with a tanker carrying petroleum products based on testimony that the tanker was witnessed passing nearby the fishing vessel at the time of the incident.

A coast guard official said the identity of the deceased foreign crewmember has yet to be identified, adding that an investigation will be conducted on the incident once the survivors get treated for injuries.

TEHRAN (MNA) – The largest packaging complex, cold storage and canned fish factory in Iran became operational in southern Makran Special Zone in the presence of Iran’s Defense Minister Brigadier General Aziz Nasirzadeh.

A member of Iranian Protein Production and Packaging Industry Association Mahmoud Moa’llem said that all the equipment and machinery installed at production lines of the factory have been manufactured domestically, observing requirements of the international standards.

Benefited from the most experienced domestic manpower of the country, the Canned Fish Production Factory was put into operation at Chabahar Free Zone in a short period of 15 months on a land area as large as 23,000 square meters.

All stages of sorting, peeling, packing and freezing of fish and shrimp for supplying to the domestic and foreign markets are also done in this factory, the brigadier general said, and put the packaging capacity at this industrial and production unit at about 4,000 tons.

Moa’llem pointed out that 200,000 tons of fish are caught at Chabahar annually, a major portion of which is supplied to the consumer markets in the form of tuna fish.

EU proposes fishing limits for the Mediterranean and Black Seas, emphasising sustainable management practices and compliance with the long-term commitments made with the MedFish4Ever and Sofia Declarations. This step continues in the direction of ensuring the health of fish stocks and the balance of marine ecosystems, ensuring the continuity of vital fishing industries in these waters.

The proposal includes a series of measures aimed at promoting the sustainable exploitation of key fish stocks, ensuring that future generations of fishermen can continue to practice their trade.

Source: EuropaAzul | Read the full article here

EW Group’s Blue Future Holding has acquired the remaining stake in salmon sex-sorting tech firm GreenFox Marine it didn’t previously own.

Stjørdal, Norway-headquartered GreenFox Marine is a supplier of salmon gender-sorting technology and health examinations of fish using ultrasound and artificial intelligence.

Oslo, Norway-based Blue Future Holding is an investment firm owned by the EW Group

Author: Cliff White / SeafoodSource | Read the full article here

Norway’s fisheries minister Marianne Sivertsen Næss has rejected a call to seasonally adjust the maximum biomass allowed on salmon farms.

Some farmers would like an increase in maximum biomass (MTB) in the autumn, and a reduction in spring.

Geir Magne Knutsen, head of strategy and development at Bremnes Seashore, has previously pointed out that this would mean a smoother harvest curve during the season, benefiting the market.

Source: FishFarmingExpert | Read the full article here