The boards of food processing equipment manufacturer Marel and US company John Bean Technologies Corporation (JBT) have agreed to a transaction agreement that sets the terms and obligations for a potential offer from JBT for all issued and outstanding shares in Marel.

The potential offer values Marel shares at €3.60, up from €3.40 made in a previous potential offer. Shareholders will have the option to receive cash, JBT common stock, or a combination of both for their shares.

Source: fishfarmingexpert l Read the full article here

End to a cycle of redefinition in the EU in which the foundations for the future of fishing have been laid – with more uncertainties than certainties. On June 9, Europe goes to the polls to elect the new members of the European Parliament and thus renew a European Commission that will have to execute the major policies promoted in recent years through the “Green Deal”, take up issues that have been left pending and face inevitable decisions in the eyes of a primary sector that begins by raising its voice.

They have been five turbulent years for Europe and, directly and indirectly, for the fishing sector.

Source: Industrias Pesqueras l Read the full article here

Aberdeenshire Council’s Harbours Service has formally announced the waiving of all fish landing fees at Macduff Harbour for one year from April 1, 2024 to March 31, 2025.

As part of our regeneration strategy for Macduff, the service hopes this will provide stimulus into the local fishing fleet and assist fishing vessel owners by reducing overheads – particularly with regards to the cost of transportation of produce to market.

Source: Fish Focus l Read the full article here

The Blue Marine Foundation has taken decisive legal action against the UK government’s handling of fishing opportunities, citing concerns over the depletion of crucial fish stocks and the prioritisation of short-term commercial interests over long-term sustainability.

At the heart of the matter is the government’s decision to set fishing opportunities for more than half of UK stocks at levels that exceed scientific recommendations. 

Author: Oliver McBride / The Fishing Daily l Read the full article here

Japanese companies are increasingly applying for aquaculture patents for a range of applications, getting in on an investment trend that neighboring China has been heavily involved in for over a decade.

Japanese marine products company Nissui is one of many companies that have applied for multiple aquaculture-related patents, many of which relate to future application in chemical, pharmaceutical, or supplement businesses taking advantage of seafood processing byproducts.

Author: Chris Loew / SeafoodSource l Read the full article here

A switch to farming giant river prawns is proving economically astute for a growing number of Bangladesh’s aquaculture operators, but the sector still has challenges to overcome.

In recent years, Bangladesh’s shrimp sector has faced numerous challenges, including the impact of the Covid-19 pandemic. For instance, in fiscal year 2022-2023, the total value of shrimp exports was $300 million, down by $107 million compared to the previous year. 

Author:  Zubair Khan / The Fish Site l Read the full article here

Winds of change are blowing on global tuna fishing, according to the latest report from the International Seafood Sustainability Foundation (ISSF) published last March. This new study looks not only at tuna, but also at the broader environmental impacts of fishing practices on other species and ecosystems.

86% of global tuna catches come from stocks in "healthy abundance", which represents an increase of 1% compared to the previous report, that of 2023.

Also notable is the decline in overexploited populations, which now represent 10% of the total

Source: EuropaAzul l Read the full article here

Minister Óscar Puente warns of the risks of carbon leakage, reduced port competitiveness and loss of EU commercial sovereignty if traffic goes to other neighboring ports to avoid costs.

Once again, the desire to achieve carbon neutrality as soon as possible could work against the economy of the European Union. The extension of the emissions trading scheme (ETS) to maritime transport could work against community ports if they do not put themselves on the table to guarantee a level playing field.

Source: La Voz de Galicia l Read the full article here

Norway’s amazing three year run of seafood export growth has finally stopped – at least for the time being.

Figures from the Norwegian Seafood Council today show a fall in the value of sales, including salmon, both for last month and over the first quarter of 2024.

Norway exported NOK 40.2bn (almost £3bn) worth of seafood between January and March, a decrease of NOK 1.2bn, or 3% less compared to the same period last year.

Author: Vince McDonagh / Fish Farmer l Read the full article here

The International Maritime Organization has launched a new futurefuels.imo.org where you can access the latest information on zero and near-zero emissions marine fuels and technologies, including pricing information and the latest studies on the subject. .

The website has been developed within the framework of the Future Fuels and Technologies Project (FFT Project), a partnership project between the IMO and the Republic of Korea, which supports the development of new regulations within the possible framework of net zero emissions of IMO to achieve the objectives contained in the IMO 2023 GHG Strategy.

Source: Industrias Pesqueras l Read the full article here