IN BRIEF - Steakholder Foods Regains Compliance With Nasdaq Minimum Bid Price Requirement
ISRAEL
Sunday, April 21, 2024
REHOVOT /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in 3D-printed meat and fish technology and cultivated cell innovation, announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
The Company had previously announced on October 31, 2023, that it was notified by Nasdaq that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), as the closing bid price of the Company's American Depositary Shares ("ADSs") had been below $1.00 for more than 30 consecutive business days.
On April 18, 2024, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days, from April 4, 2024 to April 17, 2024, the closing bid price of the ADSs was $1.00 or greater, that the Company has hence regained compliance with Listing Rule 5550(a)(2) and that the matter is now closed.
Participating in the Pacific Islands Forum Fisheries Agency (FAA) Operation Island Chief in August, PSS H.I. Remeliik II destroyed 18 illegal Fish Aggregation Devices (FADs) and conducted a number of boardings resulting in seizures of fishing equipment.
The PSS H.I. Remeliik II, a patrol boat supported by Australia, has been actively combating illegal fishing in Palau's Exclusive Economic Zone (EEZ). It has participated in regional operations, destroying illegal fishing devices and conducting boardings. Additionally, the vessel has provided essential services to remote communities, including delivering supplies and conducting medical evacuations. These efforts contribute to protecting marine resources, ensuring food security, and maintaining regional stability.
Another patrol in October saw PSS H.I. Remeliik II and crew destroy a further 26 illegal FADs. IUU fishing contributes to global overfishing, threatens marine ecosystems, puts food security and regional stability at risk, and is linked to major human rights violations and even organized crime
HANOI, (Xinhua) -- Vietnam's seafood exports reached nearly 9.2 billion U.S. dollars in the first 11 months of this year, up 11.5 percent year on year, local media cited the Vietnam Association of Seafood Exporters and Producers (VASEP) on Tuesday.
Seafood exports in November alone slowed down but still maintained impressive growth with a turnover of 924 million dollars, up 17 percent year on year, said the association.
Shrimp and tra fish (pangasius) continue to be Vietnam's key seafood export products.
Shrimp exports recorded a 22-percent growth in November and are forecast to reach 4 billion dollars in turnover for the whole year.
Meanwhile, turnover of tra fish exports was estimated at 1.84 billion dollars as of November and is predicted to hit 2 billion dollars by the end of this year.
Cooke Inc. Opposes Proposed NMCA in South Coast Fjords
In a personal letter sent to Premier Furey of the Government of Newfoundland and Labrador Glenn Cooke to protect local industries and the families that rely on them rather than impose restrictive measures that will lead to their demise.
Cooke Inc., a major Seafood Group, is urging the Newfoundland and Labrador government to withdraw from the proposed National Marine Conservation Area (NMCA) in the South Coast Fjords. The company argues that this initiative, spearheaded by the federal government, would have severe negative impacts on local communities and the seafood industry.
The NMCA would restrict fishing and aquaculture activities, jeopardizing the livelihoods of many people who depend on these industries. It would also hinder the growth of the aquaculture sector, particularly salmon farming, which has been identified as a key driver of economic development in the region.
Cooke Inc. emphasizes the importance of sustainable fishing and aquaculture practices and highlights the company's commitment to environmental responsibility. They argue that the NMCA would undermine these efforts and limit opportunities for future growth.
The company urges the provincial government to prioritize the economic and social well-being of coastal communities and to reject the proposed NMCA.
In 2023, total imports of pangasius into the European Union declined sharply from the previous year. In fact, some 70 000 tonnes were imported, 3 000 tonnes less than in 2022, reports FAO-Globefish.
Main supplying country was Viet Nam with a share of 90 percent of total imports, however the real share is far higher, as the second and third supplier are the Kingdom of the Netherlands and Belgium, which are mere re-exporting countries.
Germany has emerged as main consumer of pangasius fillets, as in this country, price aspects outnumber quality and taste aspects. Spain that used to be a major pangasius consumer some 10 years ago has continuously reduced its imports of this species. In 2023, the country imported 5 500 tonnes, almost 1 000 tonnes less than in the previous year.
In the first nine months of 2024, imports of the pangasius were stable at 2023 levels, some 54 000 tonnes were imported during this period into the EU. German imports of pangasius increased by 2 percent during the period to 9 200 tonnes. Spanish imports increased by 40 percent y-o-y to some 5 500 tonnes during Jan-Sep 2024.
Tripartite TAC agreement for 2025 also sets 22.8% decrease for herring
The European Union, the United Kingdom and Norway have reached a tripartite agreement determining quotas and management of shared stocks in the North Sea by 2025, implying cuts for the two main shared species: cod and herring.
For cod, the parties have set a total quota of 25,028 tonnes, representing a 20% reduction compared to the 2024 quota.
Source: Industrias Pesqueras l Read the full article here
Kontali shrimp production analyst Erwin Termaat takes a deep dive into El Niño and La Niña - the climate systems intrinsically linked to Ecuador’s shrimp farming industry - providing insight into past trends and future outlooks.
The success of Ecuador’s aquaculture industry, which leads the world in terms of shrimp exports, with 987,900 tonnes LSE exported from January until September in 2024, is deeply intertwined with the natural climate cycles that influence the Pacific Ocean.
Among the most influential of these climate cycles are the El Niño and La Niña phenomena, which are part of the El Niño-Southern Oscillation (ENSO). These periodic climatic events significantly shape the productivity of shrimp farming: impacting growth rates, disease prevalence and, ultimately, export volumes.
Author: Erwin Termaat (Shrimp production analyst, Kontali) / The Fish Site l Read the full article here
In the first-half of 2024, the combined profit of fishing, fish processing and aquaculture companies in Russia decreased by 14.2% to RUB 60.2 billion (approximate US$550 million), according to a new study from the Russian Association of the Fishing Fleet Shipowners.
While the entire Russian economy is generally not faring well this year, with estimates made by the Russian state statistical service Rosstat finding the net profit of firms decreased by an average 1.8% in the first six months, the seafood industry ranks among the worst financial performers. Indeed, fishing industry union VARPE has calculated that nearly every second Russian fishing company was loss-making in the period.
Sierra Leone's fishing industry is facing significant challenges due to rampant illegal, unreported, and unregulated (IUU) fishing.
Foreign fishing vessels, particularly Chinese, are depleting fish stocks and undermining local livelihoods.
Chinese Ambassador to Sierra Leone Wang Qing and Sierra Leone Fisheries Minister Dugba signed the implementation agreement of the Sierra Leone-aided fishing wharf project
Key Points:
Economic Impact: IUU fishing costs Sierra Leone millions of dollars annually, affecting the country's economy and food security.
Local Livelihoods: The fishing industry is a vital source of income for many Sierra Leoneans, but it is being threatened by illegal fishing.
Government Ineffectiveness: The government has struggled to address the issue of IUU fishing, despite its significant economic impact.
Community Response: Local fishermen are taking matters into their own hands to protect their livelihoods.
The continued prevalence of IUU fishing poses a serious threat to the long-term sustainability of Sierra Leone's fisheries and the well-being of its people.
The Senegalese tuna fishery in the Atlantic Ocean has reached an important milestone by becoming the first fishery in West Africa to obtain the prestigious MSC (Marine Stewardship Council) certification. This recognition, awarded to Compagnie Africaine de Pêche au Sénégal SA (CAPSEN), a division of Dongwon Industries, and Grand Bleu SA, certifies compliance with global standards for sustainable fishing.
The Senegalese fishery is only the second on the entire African continent to meet the MSC criteria, joining a global network of more than 500 certified activities.
The oldest fish market in London, England, and the largest inland market in the United Kingdom, is set to close after plans to relocate it were abandoned.
Authorities recently ditched plans to move the Billingsgate fish market and co-locate it with the Smithfield meat market at Dagenham Dock under a GBP 1 billion (USD 1.3 billion, EUR 1.2 billion) development project via plans originally announced in 2022.
Author: Jason Holland / SeafodoSource l Read the full article here
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