The Monthly Index of Economic Activity (IMAE) closed last year with an expansion of 4.8 percent, which gives an idea of where the economic growth rate that the Central Bank of Nicaragua is about to make official will be, whose projection has kept it between 4 and 4.5 percent.
The report on how each of the 16 main activities ended up performing shows that only fishing and aquaculture ended up negative, with a minus 16.7 percent. This despite the fact that in December the activity managed to expand 1.4 percent, "due to the greater production of farmed shrimp and capture of lobster and other fishing products, particularly sea cucumber and crab."
In fact, farmed shrimp exports closed the year with a sharp drop in income. According to data from the Ministry of Development, Industry and Commerce, these shipments decreased last year -25.9 percent in volume and 33.7 percent in value.
Another product closely related to the IMAE of aquaculture and fishing figures is lobster, which together with exports of whole fish managed to grow. Lobster expanded 34.2 percent in volume and 3.8 percent in value. Fish grew 2.8 percent in volume and 3.6 percent in value.
And although these last two seafood products ended up growing, the truth is that income from shipments of farmed shrimp weighs more on the activity with 110.7 million.
Proximar Seafood said today that the first commercial harvest for its land-based salmon farm in Japan will take place in “high summer”, in the third quarter of this year.
In a trading update for the fourth quarter of 2023, Chief Executive Joachim Nielsen said the site, at Oyama in the foothills of Mount Fuji, is moving from the “construction” phase to an “operational phase”.
“2024 will be a pivotal year for our company, and we are looking forward to supplying fresh Atlantic salmon to Japanese consumers, lifting the company from investing to solid revenue streams,” he added.
Author: Vince McDonagh / FishFarmer | read the full articlehere
The Spanish fishing sector will attend the demonstration called by the primary sector next Monday in Madrid with the aim of also involving consumers. Cepesca, National Federation of Fishermen's Guilds, Apromar and Fedepesca, which will attend the mobilization under the motto "For the future of fishing, aquaculture, fishmongers and the health of consumers in Spain", consider it key to achieve the support of society with the objective of “defending with the Government and together with its primary sector, before the European Commission (EC), the right to decent production and distribution of basic foods, the only way to ensure, according to its criteria, a healthy diet
Source: Industrias Pesqueras | Read the full articlehere
In its recent presentation to investors, Salmones Camanchaca has highlighted the “irrational” decisions made for Chile's regulatory system as its biggest concern after a year characterized by better fish health and performance, but lower prices that impacted prices. Profits.
When asked about the topic during the presentation of results, the company's vice president, Ricardo García, said: "We are concerned about the situation on the regulatory front with surprises coming from government initiatives."
Launch of The National Seafood Chef of the Year Competition at the Grimsby Institute – 21st February 2024. The National Seafood Chef of the Year Competition was officially launched at the Grimsby Institute.
The launch luncheon held at the Institute’s Gallery Restaurant was attended by key figures from Seafood Grimsby and the Humber Seafood Cluster Board and competition Sponsors including The Norwegian Seafood Council organisation.
The National Seafood Chef of the Year Competition celebrates exceptional talent within seafood culinary.
U.S. President Joe Biden signed an executive order on 22 December expanding a U.S. ban on Russian seafood to include imports of Russia-origin seafood products that were processed in third countries. The Biden administration later issued more guidance adding several harmonized tariff schedule (HTS) codes to its original ban, tightening loopholes that would have allowed certain Russia-origin seafood products to still enter the country.
Author: Chris Chase / SeafoodSource | read the full articlehere
The World Aquaculture Society (WAS), African chapter, in the West African region, says Nigeria’s aquaculture sector has the potential to generate an annual revenue of 296 billion dollars.
Mr Lanre Badmus, Director, West African Region, WAS , said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos.
Badmus, who lauded President Bola Tinubu’s administration for creating the Ministry of Blue economy and Marine, noted that if well harnessed the sector would increase income generation for the country.
He explained that the opportunities in the maritime sector if well tapped had the potential of generating resources in a sustainable and environmentally friendly manner.
“The untapped potential of Nigeria’s blue economy can be worth 296 billion dollars, significantly boosting the overall GDP of the country.
“Knowledge, capacity and operational capability should be explored across five primary innovative themes, which include but not limited to technology, scientific, social, political and governance, physical and economic growth,”he said.
Moscow says deal has been struck after UK imposes more sanctions on Russia
Russia is pulling out from a landmark fishing deal struck with Britain in 1956 as a response to further sanctions imposed by the UK.
The deal allowed British vessels into the rich fishing grounds of the Barents Sea, the coast of the Kola Peninsula and along the coast of Kolguyev Island.
The agreement was made in London by Soviet leader Nikita Khrushchev in May 1956 at a turning point in the Cold War.
In the same year, he denounced Josef Stalin, proposed peaceful co-existence with the West and even visited Britain in April.
Vyacheslav Volodin, speaker of the State Duma lower house of parliament, said in a statement:“When Nikita Khrushchev accepted this deal in 1956, it is difficult to say what guided him but it was definitely not national interest.
“The British need to study some proverbs: ‘Russians harness the horse slowly, but ride it fast’.”
It comes as Britain on Wednesday imposed sanctions on six individuals in charge of the Arctic penal colony where Russian opposition leader Alexei Navalny died last week.
Since the invasion began, Britain has repeatedly placed sanctions on Russia with increasing severity. The sanctions were declared as economic war by Duma, despite the country’s economy growing by 3.6 per cent last year.
Aberdeenshire firm J+S Subsea was one of the big winners at last night’s Subsea Expo Awards in Aberdeen, picking up two accolades.
The Kintore-based firm collected the Company of the Year Award – under 50 employees, which was sponsored by Ocean Installer, reflecting its strong growth in recent years. A second award came in the Rising Star category where J+S Subsea’s environmental and sustainability adviser Kairvee Tyagi won the award in a strong field of nominees.
The Ministry of Production (Produce) of Peru calls on potential beneficiaries of the Artisanal Fisherman's Bonus to go to the offices of the Banco de la Nación to receive the subsidy approved by the Peruvian Government with the aim of mitigating the economic impacts as a result of the El Niño Phenomenon and anomalous waves. The deadline to collect this aid ends on February 28.
So far, 29,596,000 Peruvian soles, more than 7,173,600 euros, have been distributed to benefit more than 42,280 on-board and non-board artisanal fishermen, within the framework of the economic recovery plan “Con Punch Peru”.
Source: Industrias Pesqueras | Read the full article here
Norway to Fish 386.4 Tons of Bluefin Tuna in 2024 Norway
In fisheries negotiations this week, Norway has approved the plan for Norwegian fishing for bluefin tuna (Thunnus thynnus). Norway will be allowed to fish 386.4 tonnes of bluefin tuna in 2024, wh...
Fisheries subsidies: ‘We have let history down’ Worldwide
The following is an excerpt from an article published by China Dialogue Ocean:
Disappointment as negotiators fail to agree curbs on subsidies for overfishing at World Trade Organization meeting
&quo...
The Norwegian snow crab fishery is closing today Norway
On Saturday, March 16, 9,769 tons were caught in this year's Norwegian snow crab fishery. This means that the quota has been overfished by 11 tons, and with two more days, it is likely that the quota ...
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