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.
Auténtica Premium Food has opened the registration period to attend its third edition, which will take place on September 15 and 16 at FIBES-Seville. Following the success of its previous edition, Auténtica returns consolidated as one of the most influential business platforms in the food and gastronomy sector, this year under the motto "Flavor with Mediterranean Origins." The event is expected to bring together more than 10,000 attendees from the food industry, retail and retail, the Horeca sector, and haute cuisine, for a unique opportunity to discover gourmet products and sustainable offerings, with values ??associated with health, origin, and the authenticity of the Mediterranean diet.
In the words of Manuel Bueno, Director of Auténtica Premium Food 2025, “Today, it is essential to maintain our commitment to high-quality local produce while preserving excellence in the gastronomic experience. The sector is facing a challenging time, requiring evolution without losing its original identity. In this context, our goal at Auténtica 2025 is to support all involved professionals in this transformation process, creating an optimal environment for knowledge exchange and for the development of synergies and alliances between professionals and companies.”
For this edition, more than 350 exhibiting brands will showcase their latest developments in the premium-gourmet segment, highlighting the best of the Mediterranean diet through products that combine quality, tradition, and innovation.
The Aecoc Seafood Congress was the venue chosen by the Guardeses Producers Organization (Orpagu) to unexpectedly launch its latest offering: frozen swordfish tacos. Because when it comes to convenience, there are bags of diced swordfish, presented in ready-to-use bags to facilitate "healthy and practical cooking without sacrificing flavor or quality," the organization notes, emphasizing that it is a "versatile solution for both the professional and home consumption channels."
Source: La Voz de Galicia | Read the full article here
During a conference in Bergen, the seafood analyst from the Norwegian Seafood Council pointed to a historic development in the salmon market in recent months, reports Fish farming Expert's Norwegian sister site, Kyst.no.
"The price has fallen, the volume has increased, and the difference between this year's and last year's May price is the largest we have ever measured," he said during the conference.
Norway's exports of fresh whole salmon increased by 31% in the first five months of the year, while the average price has fallen by 21%.
Exports of frozen fillets are up 17%. - US and China drive growth
Author: Ole Andreas Drønen / fishfarmingexpert l Read the full article here
Ace Aquatec and Aquascot collaborate to embed artificial intelligence into fish processing using specialist cameras.
Scottish firms use Highlands and Islands Enterprise backed project to integrate real-time data into processing lines –
Ace Aquatec, a leader in aquaculture technology, and established seafood processor Aquascot have announced a new strategic collaboration to validate the collection of real-time morphometric fish data and integrate it into processing operations.
Supported by grant funding from Highlands and Islands Enterprise, the 12-month project aims to bridge a critical gap in the aquaculture supply chain for Atlantic salmon and rainbow trout.
The fishing industry in a Cornish village has been thrown a lifeline following the closure of Plymouth Fish Market.
Previously the Plymouth market operated a collection and auction service for fish landed at Polperro and other small ports in the area.
The port's only remaining trawler, the Rebecca V, has since been forced to take its catch to Plymouth for it to be transported by lorry to Brixham market.
Author: Christine Butler / BBC l Read the full article here
Mowi released the results of an environmental study confirming the full recovery of the seabed following the closure of the Isle of Ewe salmon farm, located off the northwest coast of Scotland. The research is part of the company's recent biodiversity strategy, which reinforces its commitment to a healthy environment and responsible ocean farming.
According to the company, a healthy marine environment is essential for fish welfare and successful farming, which is why the sector operates under some of the strictest environmental protection regulations in the world. "Before a farm is approved, extensive work is carried out to ensure it will not have long-term impacts on the environment," the company stated. Once operations begin, a permanent monitoring system is implemented.
Source: MundoAcuicola l Read the full article here
In 2024, Skretting published its first impact report (2023 Impact Report) after years of publishing sustainability reports. This change was not just in name; it was intended to demonstrate that everything the company did had an impact on both the environment and society. This second impact report (2024 Impact Report) also comes with a new twist: in addition to documenting the progress made in its global operations, it marks the launch of a new sustainability value proposition, ACT. For Skretting, "sustainability is about taking action that drives real change and generates long-term value."
Hence this new ACT proposal, which stands for Action (doing what matters most and with impact), Connection (engaging the right stakeholders to accelerate change), and Transparency (being seen as a trusted advisor and providing accurate and appropriate information).
Source: iPac.aquaculture | Read the full article here
Marine Stewardship Council (MSC) Chief Executive Rupert Howes has announced that the organization will make a USD 6.4 million (EUR 5.6 million) investment in its Ocean Stewardship Fund by 2030.
Since its inception in 2019, the Ocean Stewardship Fund has channeled USD 8.8 million (EUR 7.7 million) into over 200 fisheries and projects worldwide, nearly 90 of which were in developing economies. The fund’s main goal is to end overfishing, but it also supports a wide variety of initiatives that make fisheries more sustainable.
Author: Erin Spampinato /SeafoodSource l Read the full article here
Aquaculture technology firm GroAqua has begun towing what it describes as the world’s largest fish feed barge to a Bakkafrost salmon farming site, where it is expected to go into immediate operation.
The unit, first announced in late 2024, has a reported feed capacity of 1,100 tonnes and is equipped with 24 feeding lines—allowing for simultaneous feeding of 24 pens. It is one of three identical barges GroAqua is building for the Faroese salmon farmer, with delivery scheduled across 2025.
The barge will operate autonomously using GroAqua’s FishFeeder and GroVision systems, without requiring crew on board.
Source: SalmonBusiness l Read the full article here
Efficient decision-making during fishing operations begins with access to reliable, high-quality, real-time information. Therefore, Satlink has incorporated new features into its Satlink Ocean Manager (SOM), making it easier for the longline fleet to use key data quickly and intuitively.
Among the main new features is a feature developed specifically for this fleet: the visualization of the geoposition of longline buoys on oceanographic layers, which offers a complete view of all the information necessary for fishing activities.
Source: Industrias Pesqueras | Read the full article here
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.
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In the words of Manuel Bueno, Director of Auténtica Premium Food 2025, “Today, it is essential to maintain our commitment to high-quality local produce while preserving excellence in the gastronomic experience. The sector is facing a challenging time, requiring evolution without losing its original identity. In this context, our goal at Auténtica 2025 is to support all involved professionals in this transformation process, creating an optimal environment for knowledge exchange and for the development of synergies and alliances between professionals and companies.”
The Aecoc Seafood Congress was the venue chosen by the Guardeses Producers Organization (
NORWAY
"The price has fallen, the volume has increased, and the difference between this year's and last year's May price is the largest we have ever measured," he said during the conference.
UNITED KINGDOM.png)
Scottish firms use Highlands and Islands Enterprise backed project to integrate real-time data into processing lines –
The fishing industry in a Cornish village has been thrown a lifeline following the closure of Plymouth Fish Market.
In 2024, 
Marine Stewardship Council (MSC)
FAROE ISLANDS
GroAqua
Efficient decision-making during fishing operations begins with access to reliable, high-quality, real-time information. Therefore, 
