HB Grandi hf has agreed to buy the entire shareholding in fishing company Ögurvík ehf from Brim hf. The purchase price is around ISK 12.30 billion (EUR 95 million) and a correction is expected to be applied to this once the results of the company’s financial performance to 31st August 2018 is available.
The purchase agreement is subject to approval by the board of HB Grandi and the shareholders meeting of the company. Furthermore the purchase is also subject to the approval of the Icelandic Competition Authority on the merger that such an acquisition leads to. The purchase is funded from cash reserves and loans. The shares will be handed over on payment. In addition, HB Grandi board has made clear the intention to explore the possibility of the sale of the trawler currently under construction in Spain.
Canada has the longest coastline in the world, yet it has long been a lax outlier in fisheries management. But with an overhaul of the federal Fisheries Act now complete, the sense among advocates and fisheries experts is that the tide is about to turn.
The passage of Bill C-68 on June 21 means that for the first time since the Fisheries Act was enacted in 1868, Fisheries and Oceans Canada is required to manage fish stocks sustainably and put rebuilding plans in place for those that are depleted.
Josh Laughren, executive director of the non-profit advocacy organization Oceana Canada, says that in 20 years we may look back and see the new criteria around sustainable management and rebuilding stocks as a transformational change.
Sharing data may be a vital element in ending illegal fishing—a crime currently robbing nations of approximately USD 23 billion annually while also undermining legal fisheries management and industry practices. A perpetrator of human trafficking, smuggling, human rights violations and environmental degradation, illegal, unreported and unregulated (IUU) fishing poses a serious threat to the economies, environment and security of nations. A new paper examines how data sharing between countries committed to Sustainable Development Goal 14 (SDG 14), which entails ending IUU fishing by 2020, can be successfully implemented globally.
"The paper is really about creating a pathway to better implement the UN Port State Measures Agreement (PSMA) globally. This work is all about making fisheries more sustainable, marine ecosystems more resilient, and coastal nation economies healthier," said Annie Brett, André Hoffman Fellow at the Stanford Center for Ocean Solutions and World Economic Forum Center for the 4th Industrial Revolution.
The Alligator Head Foundation, that has successfully established a fish sanctuary in east Portland, is reaping huge success in its quest to restore marine life.
Founded six years ago by Franscesca Thyssen-Bornemisza, the foundation has been integrally involved in communities across east Portland while creating job opportunities for some residents.
Speaking at the foundation’s open-day event last Friday, Thyssen-Bornemisza pointed out that it has been difficult to achieve success at the fish sanctuary as it is challenging for some fisherfolk to adapt to the necessary changes.
The US Food and Drug Administration (FDA) has issued new information for women on eating fish. The document updates advice issued jointly by FDA and the US Environmental Protection Agency (EPA) in 2017.
The advice categorizing fish based on their mercury levels has not changed but the update further promotes science-based recommendations in Dietary Guidelines for Americans on the importance of fish in healthy eating patterns. FDA/EPA advice has been expanded and fish and shellfish now are referred to collectively as “fish” in text and a chart that highlight:
The nutritional value of fish; The potential health benefits of eating fish; and Recommendations from the 2015-2020 Dietary Guidelines for Americans.
SIOUX FALLS, S.D. - A former executive accused of defrauding investors in a scheme to build an USD 11 million fish farm in South Dakota has been sentenced to nine years in federal prison.
U.S. District Judge Karen Schreier on Monday also ordered Tobias Ritesman to pay USD 680,000 in restitution.
The 42-year-old Ritesman, who had nicknamed himself “The Tiger,” earlier pleaded guilty to 18 felonies in connection with the Global Aquaponics project near Brookings.
ASC welcomes constructive feedback from all its varied stakeholders, and notes that SeaChoice continues to consider ASC’s standards more rigorous than other aquaculture certifications. However, SeaChoice’s criticism of the latest changes to the ASC Salmon Standard includes misleading inaccuracies and seeks to pre-emptively undermine the progress that will be made in addressing sealice with the new approach. The original PTI methodology was created amidst a lack of information about the actual performance of salmon farms and their use of parasiticides and as such was essentially untested.
ASC strongly believes in the importance of regularly monitoring and assessing its standards and is proud to be able to do so in this case by using data that would not be publicly available without the ASC programme. This update is based on several years of analysis of information collected through our programme and other performance data generated by governments and salmon producers across the world. We found that while PTI was an innovative solution at the time, advances in technology and knowledge since then have left it less effective.
Fishing is the economic lifeline for villages in northern Sri Lanka. But after a decades-long civil war, fishers returned to find their fish stocks depleted — and they pointed a finger squarely at neighboring India.
As people in India developed methods to increase hauls, and crossed a maritime border that was more permeable during the war, they depleted the fish stock for both sides. Now the Sri Lankan Navy is retaliating with force, making the relationship between the two communities that rely on these waters worse.
This is the latest episode of Vox Borders: India. In this episode, Vox Borders looks at how the drawing of a maritime border and lack of access to fish caused a conflict between two communities that used to live in harmony.
On the shores of Lake Malawi, a crowd eagerly awaits the arrival of a white and yellow cedarwood boat carrying its haul.
The crew of six deliver a single net of chambo, sardine and tiny usipa fish from the boat, just one of 72 vessels that land their catch every day on the beach at Senga Bay.
But overfishing and climate change have taken their toll.
Hundreds of local traders gather each morning and afternoon at Senga only to find that fish populations are falling in Lake Malawi, Africa’s third-largest body of freshwater.
Global Fish Processing Market 2019-2025 report deals with end customers to grasp in progress industry trends, Fish Processing market growth, strategies, threats, cost, overview, producing, and foresight trends, trading, cost, chance factors. The Fish Processing have complete info for the method as well as an summary by participants within the industry by outlook.
Global Fish Processing Market 2019 analysis have current study and addition to the potential feature of the market primarily depends upon the facet of the business which compete on the current market, high factors and appropriated analysis. This includes all of this global Fish Processing market, that organize from the very important market statistics and increasing a lot of to numerous important criteria, an area with this, the Fish Processing market is segmented.
A Norway-based company is bringing a fishing device to Nova Scotia that it says will reduce the amount of lost fishing gear in the water.
ResQunit CEO Helge Tretto Olsen says its flotation device that attaches to gear such as lobster traps and crab pots has features that will allow for owners to find them.
“After a certain amount of days there is a cotton twine that dissolves and the flotation device floats to the surface,” says Olsen.
Dongwon launches new tuna fishing vessel 'Jubilee' South Korea
Dongwon Industries, the country's largest deep-sea fishing company, has launched today its latest purse seiner, Jubilee, to modernize its increasingly aging fleet.
The 2,200-ton vessel, launched to c...
ICELAND
CANADA
WORLDWIDE
JAMAICA
UNITED STATES
SRI LANKA
MALAWI
