Gigante Salmon’s new land based salmon farm at Rødøy, in Norway’s Nordland, is going to cost around NOK 200 million (£15m) more than originally planned, the company has reported.
The news led to a 14% drop in Gigante’s share price on the Oslo Euronext Growth exchange yesterday.
The company said a stock exchange statement: “After this increase, the total investment amount for the construction work in Rødøy up until completion of the production site is estimated to amount to approximately NOK 645 million (£48m).
Author: Vince McDonagh / FishFarmer | read the full articlehere
The Nova Austral Creditors' Meeting, which was to be held yesterday, was suspended, and precisely the salmon farmer presented a new proposal for the Judicial Reorganization Agreement, so that this time it would be accepted by the bondholders and the banks -after the existing disagreements between the parts-, in a 58-page brief.
Thus, the purpose of the proposal –in general terms– is the restructuring of the total debt of the company through the granting of new conditions for the payment of the rest of the credits subject to the Reorganization Agreement and the search for investors for capital financing of work
Author: Jonathan Garcés / SalmonExpert | Read the full articlehere
The EU fishing industry, grouped in Europêche and the Association of Fisheries Producers Organizations (EAPO), calls on all coastal States to give top priority to negotiations on a sharing agreement between all parties for mackerel and to participate in these talks "seriously and in good faith". The request comes within the framework of the resumption of consultations on sharing agreements on pelagic stocks in the northeast Atlantic.
Source: Industrias Pesqueras | Read the full articlehere
Technology further strengthens the province's marine products dominance
The coast of eastern China's Fujian Province has abundant marine resources and is known for its vigorous development of offshore aquaculture. Ahead of the 6th Chinese Farmers' Harvest Festival on September 23, the province's coastal aquaculture bases in Fuzhou, Ningde, Putian and other coastal cities will welcome the harvest season.
With a sea area of 136,000 square kilometers and more than 3,700 kilometers of coastline, Fujian's production of aquatic products such as yellow croaker, abalone, oysters, seaweed and seaweed ranks first in the country.
More than 1,100 5G base stations have been installed along the coast. As a result, wireless networks completely cover nearshore areas in Fujian, giving it a unique advantage in the development of the marine economy. At the same time, technological innovations continue to be made throughout the industrial chain related to marine fishing and aquaculture.
Fujian produces more than 80% of the country's farmed large yellow croaker, more than 70% of the farmed abalone, and about 50% of the seaweed.[...]
In the second quarter of 2023, Blumar's salmon farming segment recorded a slight drop in revenue, from US$91.6 million to US$90.3 million, while it went from profits of US$6.5 million in the same period from 2022 to losses of US$ 7.1 million currently.
The commercialized volume of Atlantic salmon expanded by 16%, driven by larger harvests, which went from 24,549 tons WFE to 27,433 tons WFE. Of the total, 69% came from the Aysén region and 31% from Magallanes.
General Manager of Blumar, Gerardo Balbontín -->
For its part, the average price had an increase of 6% at the end of the second quarter compared to the same period in 2022. The above is explained by the recovery of demand in the main markets. The ex-cage cost reached US$ 5.1 per kilo WFE, being 17% higher than the previous US$ 4.37 per kilo WFE. This result is due to higher costs of food, health and indirect production, mainly attributed to inflationary effects.
A UNSW Sydney researcher has received $2.6 million in funding to expand fish farming and its positive social impact in Papua New Guinea.
Associate Professor Jes Sammut from UNSW Science has received more than $2.6 million from the Australian Centre for International Agriculture Research for a project that will build on previous work to improve fish farming in Papua New Guinea (PNG).
“We have transformed lives under our previous projects. It is exciting to be funded to do more in PNG,” A/Prof. Sammut said.
“Over the last 13 years I have witnessed many positive societal changes where we have introduced fish farming. The increase in protein in diets is the most obvious, but the increase in self-esteem and pride in farmers is also uplifting. I am particularly heartened to see the peace and hope that fish farming has brought to people who were once engaged in long-term tribal fighting.”
In collaboration with the National Fisheries Authority (NFA), the new project will introduce technologies to boost commercialisation through larger farms and expand training networks for fish farming.
S. GEORGIA & S. SANDWICH
Thursday, September 07, 2023
Marks the end of Dissostichus eleginoides', fishing season
Toothfish Day is a public holiday celebrated in the British Overseas Territory of South Georgia and the South Sandwich Islands. It is annually on 4th September, but if that falls on a weekend it may be observed on a weekday.
It is one of eleven public holidays in South Georgia and the South Sandwich Islands, appointed by the Governor in Council
The holiday marks the end of the toothfish (Dissostichus, also called Chilean sea bass, and merluza negra in the River Plate) fishing season. Locals (which at this time of year number around 16) celebrate with a toast and some bake gingerbread toothfish cookies
The Government of South Georgia and the South Sandwich Islands, (GSGSSI) usually celebrates with a Toothfish Day Reception at Government House in Stanley, Falkland Islands. The reception includes a quiz, a toast, and a menu featuring many dishes made with toothfish. GSGSSI also holds meetings and a reception in London to mark the occasion.
Muscat – Oman’s International Fish Feed Company (IFFC) has entered into a strategic partnership with a Netherlands-based company to give a fillip to the country’s fisheries and aquaculture industries.
This collaboration with Skretting, a subsidiary of the Nutreco, the global leader in aqua feed and animal nutrition solutions. is set to elevate IFFC’s impact in the aquaculture sector, capitalising on Skretting’s renowned expertise in feed and nutrition, industry experts said.
With a state-of-the-art aqua feed facility in the pipeline, Duqm-based IFFC is gearing up for commercial production by the end of 2024 with an annual capacity of 31,200 metric tonnes.[...]
Ana María Choquehuanca has taken office as the new Minister of Production, replacing Raúl Pérez Reyes, in a ceremony presided over by the President of the Republic, Dina Boluarte.
The new head of the Production portfolio is a businesswoman, an economist by profession and has studies at the Catholic University of Santa María de Arequipa and a master's degree in Administration by Values at Spenta University, Mexico. She also has a postgraduate degree in Agents of Equal Opportunities for Women at the Catholic University of Santa María / University of Zaragoza, Spain.
Source: Industrias Pesqueras | Read the full articlehere