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.
As the global human population continues to grow, secure access to nutritious food is most important for a sustainable society and its development. Fish and fishery products play a critical role in food security, contributing to the nutritional needs of people around the world. The aquaculture industry is becoming increasingly more important, as reflected by the rise in food fish consumption from 9.0 kg per capita in 1961 to 20.3 kg in 2015 (FAO, 2018). While the sustainability of ocean fishing can be debated, the scale of deliberate fish farming has risen enormously.
Global aquaculture production peaked at around 171 million metric tons in 2016, with aquaculture representing about 47% of the total production (FAO, 2018). Aquaculture and the broader fishery industry continues to grow at an annual growth rate of 5.8 %, which is faster than the growth of other major food production sectors. Fish and fish products are among the most traded food items in the world, and aquaculture holds great economic and social importance as the industry is globally distributed, supporting the livelihoodsof many millions of people around the world.
Gov. Mike Dunleavy proposed legislation this week that would keep commercial fish tax revenue that has for years been shared with Alaska fishing communities in the state’s coffers instead, a move that mayors in some of those cities say would be devastating.
At play are two taxes: Alaska’s fisheries business tax, and the fishery resource landing tax. Dunleavy’s legislation would repeal the fisheries business tax allocation to municipalities and repeal revenue sharing for the fishery resource landing tax. Those shared funds go to local governments in communities where fish processing and landings occur.
Under the proposed bill, about USD 28 million would stay in the state’s general fund in fiscal year 2020 instead of being shared with communities.
Experts in the aquaculture sector have identified the supply of high-quality fish feed products and technical support as effective measures to enhance the sector.
Remi Ahmed, National President, Tilapia and Aquaculture Developers Association of Nigeria (TADAN), Nurudeen Tiamiyu, National Vice President TADAN and Edna Dionisio, Global Technical Head-Fish, Triton Group made the observation during a meeting with members of the Food and Agriculture Writers Association of Nigeria (FAWON) in Lagos.
Edna Dionisio also said that in order to improve the sustainability of tilapia production, it is essential to improve feed efficiency, that is, the ratio between the feed given to the fish and their weight gain.
Washington is home to thousands of marine species. Salmon, crabs and bivalve shellfish like oysters and clams fuel both the aquatic food chain and human fisheries — and they thrive under stable levels of acidity, salinity and other marine growing conditions.
But over the past few decades, climate change has acidified the world’s oceans at an unprecedented rate, threatening the biodiversity that defines our region and supports these fisheries. As the concentration of carbon dioxide in our atmosphere increases, the ocean dissolves more of it at the surface — producing conditions in Puget Sound and beyond that exacerbate shell deformation, promote toxic algal blooms and create other hurdles to healthy waters. According to the Washington State Blue Ribbon Panel on Ocean Acidification, 30 percent of Washington’s marine species are in danger from it.
Ultimately, stopping ocean acidification requires unprecedented international mobilization to reduce greenhouse gases. But if scientists and others could predict the complex undersea interactions that enable its worst effects, they could pull the trigger on short-term, local solutions that might help people and wildlife work around them. Researchers at the University of Washington have invented a computer model to do just that. Each day, LiveOcean compiles a vast array of ecosystemic data — currents, salinity, temperature, chemical concentrations, organic particles and more — to create a three-dimensional, 72-hour forecast for the undersea weather of the Pacific Northwest.
Although the vessel turned out to be operating legally, the alert highlights the concerns of ordinary South Africans about rogue fishing vessels and dwindling marine resources. According to the SA DeepSea Trawling Industry Association, about 135,000 tons of hake are caught per year about 100 nautical miles off the coast of SA, and nets are cast up to 800m deep.
The global krill oil market is experiencing rapid growth owing to increasing health awareness among consumers. Awareness regarding the benefits of omega-3 fatty acids, eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) is increasing globally.
In terms of value, the global krill oil market was valued at US$ 267.7 Mn in 2014 and is expected to reach a value of US$ 703.0 Mn by 2022, expanding at a CAGR of 12.9% during the forecast period (2015-2022). Rising adoption of fish oil alternatives is driving overall market growth. Initially, fish oil was only consumed on doctor recommendation but has been increasing in recent years owing to growing awareness regarding the health benefits. This is turn is fuelling the demand for krill oil supplements.
On the basis of form, the market is segmented into liquids and tablets. In 2014, the liquid segment was valued at USD 102.6 Mn and has been estimated to account for USD 115.0 Mn by the end of 2015. The tablets segment was valued at USD 165.1 Mn in 2014 and has been estimated to be valued at USD 185.7 Mn by the end of 2015. Tablets segment is further sub-segmented as soft gels and capsules.
JAKARTA - Indonesia plans to establish fishing grounds in waters north off the Natuna islands, in a bid to assert its sovereignty over an area it has said was subject to occasional encroachment by Chinese and Vietnamese fishing vessels.
Maritime affairs coordinating minister Luhut Pandjaitan said on Wednesday (Feb 20) that the government will build a designated fishing sea port and cold storage facility on one of the Natuna islands by the third quarter of 2019.
It also intends to deploy a fuel tanker there to ensure Indonesian fishermen have a guaranteed energy supply to power their boat engines.
More or less documented accusations of price-fixing, cheating and questionable practices have a long history in the salmon industry.
There is very little information available, but so far we know: Mowi, Grieg Seafood and Scottish Seafarms were all subjected to compulsory, unannounced inspections from the EU Commission’s Competition Authority on Tuesday. There they got access to passwords and data, amongst other things, to get an overview of their sales activities. Hard drives, documents or the like were not seized. No one has been charged.
According to a press release, “The (EU) Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices.”
Lima - The fishing company TASA and the social enterprise, Bureo, signed an agreement in favour of the “Net Positiva” program today, for providing a new use for fishing nets at the end of their useful life.
Thanks to the implementation of a process that cleans and transforms the nets into granules, this program will permit the manufacture of products such as skateboards, sunglasses, table games, among others. In this manner, companies of the fishing sector in Peru will reduce the impact of this material on the marine fauna.
Like TASA, the fishing companies CFG- Copeinca and Austral Group have also committed to the program. All the money collected from the sale of the recycled products will be used for the financing of environmental programs and projects.
Indonesia aims to become the world’s leading exporter of decorative fish, capitalizing on its large maritime territory and rich marine life.
Maritime Affairs and Fisheries Ministry Aquaculture Director General Slamet Soebjakto said in Jakarta on Monday that exports of decorative fish to numerous countries had grown at a rate of more than 13 percent annually since 2015.
“Decorative fish with significant export growth include guppy, chef, hickey, corydoras and koi,” Slamet said on the sidelines of a meeting at his office in Jakarta, as quoted by kontan.co.id.
CEPESCA and Abanca sign agreement to promote Spanish fleet renewal Spain
CEPESCA and Abanca have signed a collaboration agreement whereby this financial institution will make available to the Spanish fishing sector a series of financial products and services designed for their particularities and specific needs.
SNP: Protected area in the south is for resources and not for artisanal fishing Peru
The National Fisheries Society has rejected the statements made by the Minister of Production, who ruled out the scientific, technical and economic evaluations that support the restitution of the Special Fisheries Regime in the southern zone.
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