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.
This is the project's third year serving as a large-scale platform for showcasing the gastronomic transformation potential of wild white fish
VLADIVOSTOK – The third annual "O!Mega Taste Pollock Festival," held from May 19 to June 11, concluded with record success, showcasing the versatility and popularity of wild white fish. Organized by the Russian Fishery Company (RFC), Visit Primorye, and "Gastronomic Map of Russia," the event saw 40 restaurants create over 30,000 pollock dishes.
The festival attracted over 200,000 residents and visitors in Primorsky Krai and Moscow. Remarkably, 200 metric tons of pollock products were sold in retail chains, highlighting strong consumer demand. The RFC supplied 12 metric tons of deep-processed pollock for the culinary creations, reinforcing the festival's mission to reintroduce this nutritious wild fish into Russian consumption culture. The event, supported by the Primorsky Krai Government, demonstrated pollock's potential for both gastronomic transformation and widespread appeal.
Before becoming the National Association of Canned Food Manufacturers, Anfaco was simply the Union of Manufacturers. An alliance that was established in 1904 "to promote industrial development linked to the sea." And that remains its objective, but its activities are not, by any means, what they were then. Not even what they were doing when the name was changed to Anfaco. With the subsequent addition of the surname Cecopesca (Fishing Technology Center), the association wanted to make its technical and research nature clear. And now that it has transcended canning to encompass other branches of the maritime-industry chain and has developed significant scientific and laboratory activity, to the point of being "one of the main technological centers in Europe specializing in the bioeconomy of the sea," the organization has decided to change its name and its surname: Anfaco-Cytma.
Source: La Voz de Galicia l Read the full article here
Peru’s first 2025 anchovy-fishing season in its North-Central region is “well on track,” according to IFFO – the Marine Ingredients Organization, which has predicted solid fishmeal and fish oil production for this year as a result.
In April, Peruvian authorities established a total allowable catch (TAC) of 3 million metric tons (MT) for the season, based on technical and biological reports submitted by the Peruvian Sea Institute (Imarpe). This TAC marks the second-highest seasonal quota in the last decade, Peru’s Production Ministry (PRODUCE) announced at the time
Author: Christian Molinari / SeafoodSource l Read the full article here
Bakkafrost takes delivery of world’s largest feed barge.
The world’s largest feed barge, Krosssteinur, arrived in Funningsfjørður, Faroe Islands, on Thursday 26 June and is expected to begin operations within days following final testing and regulatory approvals. The 50-metre barge, built in Poland by GroAqua, has a total capacity of around 1,100 tonnes of fish feed and is equipped with 24 feed lines.
Commissioned by Bakkafrost, the barge will serve one of the company’s largest sites and is designed to feed all 24 cages simultaneously. The automated feed and control systems, developed by GroAqua in the Faroe Islands, allow for remote operation from land and are powered entirely by shore electricity to minimise environmental impact.
Source: SalmonBusiness l Read the full article here
Norcod has been granted permission to establish a new production location at Snyen in Meløy municipality with a total MAB (maximum allowed biomass) of 3,599 metric tons while KIME Akva has been awarded a new location in Helgeland
Norcod says Snyen is the company’s second location in Meløy and, together with Frosvika, forms a production cluster with a total capacity of 7,198 metric tonnes.
Norcod’s CEO Christian Riber said: “We are pleased to have received this approval and value the good cooperation with Meløy municipality and Nordland County.
Author: Vince McDonagh / Fish Farmer l Read the full article here
Understand how the ocean will respond to two increasingly frequent and worrying phenomena: toxic microalgae blooms that give rise to phenomena known as red tides and heat waves. This is the objective of the Cellbloom project, promoted by the Biological Oceanography group of the Marine Research Center (CIM) at the University of Vigo and the European Molecular Biology Laboratory (EMBL), headquartered in Germany. This initiative, in turn, is part of the Horizon Europe Imagine project, which promotes the development of cutting-edge imaging technologies in microscopy that bridge the gap between molecular biology and functional biology, as well as by the EMBL, within the framework of its cross-cutting theme of Planetary Biology.
Source: iPac.acuicultura | Read the full article here
Baldvin Thorsteinsson takes over as CEO, succeeding his father, Thorsteinn Már Baldvinsson
Renewal at the top of Samherji, one of Iceland's leading fishing conglomerates. Baldvin Thorsteinsson has officially assumed the role of Chief Executive Officer (CEO), replacing his father, Thorsteinn Már Baldvinsson, who is leaving the position after leading the company for 42 years, since its founding in 1983. "I am very grateful for the trust placed in me," Baldvin said upon taking office. "Like many in Akureyri, I started working at Samherji at a young age and have held various positions over the years, which has allowed me to gain a deep understanding of the company, its infrastructure, and its people,"
Source: Industrias Pesqueras | Read the full article here
This year has set a new record for the number of applications to the Aqua Nor Innovation Award. The jury has reviewed all the applications and nominated three candidates for the Innovation Award. The winner will be selected by the board of the Nor-Fishing Foundation, and the award will be presented during Aqua Nor 2025.
After reviewing and assessing the applications for the Aqua Nor Innovation Award, the jury has nominated the following three finalists (in random order):
The diesel generator has barely been running, says Emilsen after first installation meets more than 90% of farm's needs
Just weeks after commissioning what is now the world's northernmost floating solar power plant, Norwegian salmon and trout farmer Emilsen Fisk is placing an order for a second system from Ålesund-based Alotta.
The solution - an Alotta Circle Mc120 - has already enabled Emilsen Fisk to cover over 90% of its power needs at its Båfjordstranda site, Trøndelag, by using only solar energy and battery storage.
Source: fishfarmingexpert l Read the full article here
ORGANIZING COMMITTEE ANNOUNCES DETAILS FOR THE ANNUAL MEETING OF THE LATIN AMERICAN AND CARIBBEAN CHAPTER OF THE WORLD AQUACULTURE SOCIETY
Experts, scientists, producers, and companies from Latin America and the Caribbean will gather at LACQUA25, where various countries will share experiences about their aquaculture systems and jointly address the key challenges facing the future of regional aquaculture.
For the first time, the World Aquaculture Society (WAS) – an international organization committed to promoting excellence in science, technology, education, and the exchange of information for the sustainable development of global aquaculture – will host one of its meetings in Chile. This high-level technical-commercial event will focus on strengthening governance and sustainability in aquaculture, particularly in the context ofclimate change.
This important conference is organized by the Latin American and Caribbean Chapter of the World Aquaculture Society (LACC-WAS), in collaboration with the Institute of Aquaculture and Environment at Universidad Austral de Chile (Puerto Montt Campus) and INTESAL (Technological Institute of Salmon). The event will take place October
7–9, 2025, at the Enjoy Hotel Convention Center in Puerto Varas, Chile.
Fisherman's Day: Beyond the Ritual Peru
Every June 29th, as tomorrow, Peru fervently celebrates Saint Peter's Day and —in honor of his profession— Fisherman's Day. This deeply symbolic date combines religious devotion to the apo...
Vietnam's Tuna Exports Rebound in May 2025 Amid Global Trade Shifts Viet Nam
Producers Navigate US Tax Concerns and Middle East Instability by Diversifying Markets.
HANOI – After facing headwinds in early 2025, Vietnam's tuna exports saw a significant recovery in May, r...
SINGAPORE
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.
RUSSIAN FEDERATION
SPAIN.png)
1904 "to promote industrial development linked to the sea." And that remains its objective, but its activities are not, by any means, what they were then. Not even what they were doing when the name was changed to Anfaco. With the subsequent addition of the surname Cecopesca (Fishing Technology Center), the association wanted to make its technical and research nature clear. And now that it has transcended canning to encompass other branches of the maritime-industry chain and has developed significant scientific and laboratory activity, to the point of being "one of the main technological centers in Europe specializing in the bioeconomy of the sea," the organization has decided to change its name and its surname: Anfaco-Cytma.
PERU
Peru’s first 2025 anchovy-fishing season in its North-Central region is “well on track,” according to IFFO – the Marine Ingredients Organization, which has predicted solid fishmeal and fish oil production for this year as a result.
FAROE ISLANDS.png)
The world’s largest feed barge, Krosssteinur, arrived in Funningsfjørður, Faroe Islands, on Thursday 26 June and is expected to begin operations within days following final testing and regulatory approvals. The 50-metre barge, built in Poland by GroAqua, has a total capacity of around 1,100 tonnes of fish feed and is equipped with 24 feed lines.
NORWAY.png)
Norcod says Snyen is the company’s second location in Meløy and, together with Frosvika, forms a production cluster with a total capacity of 7,198 metric tonnes.
Understand how the ocean will respond to two increasingly frequent and worrying phenomena: toxic microalgae blooms that give rise to phenomena known as red tides and heat waves. This is the objective of the Cellbloom project, promoted by the Biological Oceanography group of the Marine Research Center (CIM) at the University of Vigo and the European Molecular Biology Laboratory (EMBL), headquartered in Germany. This initiative, in turn, is part of the Horizon Europe Imagine project, which promotes the development of cutting-edge imaging technologies in microscopy that bridge the gap between molecular biology and functional biology, as well as by the EMBL, within the framework of its cross-cutting theme of Planetary Biology.
ICELAND
Baldvin Thorsteinsson takes over as CEO, succeeding his father, Thorsteinn Már Baldvinsson
Aqua Nor 2025.
The diesel generator has barely been running, says Emilsen after first installation meets more than 90% of farm's needs
CHILE
For the first time, the World Aquaculture Society (WAS) – an international organization committed to promoting excellence in science, technology, education, and the exchange of information for the sustainable development of global aquaculture – will host one of its meetings in Chile. This high-level technical-commercial event will focus on strengthening governance and sustainability in aquaculture, particularly in the context ofclimate change.
