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IN BRIEF - Financing fish: Banks can make seafood more sustainable in these 3 ways

WORLDWIDE
Thursday, October 03, 2019

Meeting the world’s growing demand for seafood is a puzzle that crosses national borders, traversing the world’s oceans and freshwater fisheries: Global fish consumption has risen twice as quickly as population growth over the past five decades, and overfishing is creating unexpected problems for humans. As a result, sustainability researchers are intensely focused on how we can meet global demand without depleting the world’s supply of fish.

And while the free market may seem like an unlikely ally to the environment, the finance sector could play a crucial role in solving seafood’s sustainability problem, finds a study published Wednesday in the journal Science Advances.

The authors of the study analyzed media coverage in two major fishing trade publications and data from more than 3,000 shareholders of 160 seafood firms, and they found three major financial sector tools that could push the international fishing industry to be more sustainable: banks, stock exchanges, and activist shareholders.

Source: Inverse


IN BRIEF - Market Survey of Shrimp Market to Make Great Impact in Near Future by 2025: Maruha Nichiro,The Clover Leaf Seafoods Family,Royal Greenland

GREENLAND
Thursday, October 03, 2019

The report on Global Shrimp Market added by CMR depicts the current & future growth trends of this business besides outlining details pertaining to the myriad geographies that are a part of the regional landscape of Shrimp Market. The report further elucidates intricate details regarding the supply and demand analysis, Market share, growth statistics and contributions by leading industry players of Shrimp Market.

These Shrimp industry trends for short-term, mid-term and long-term during the anticipate phase. Further, the report also covers key players profiling with comprehensive Shrimp SWOT analysis, financial facts and key developments of products/service from the past three years.

Source: Pledge Times


IN BRIEF - US to get a little more fish in catch pact with Canada

UNITED STATES
Thursday, October 03, 2019

LUBEC, Maine - American fishermen are expected to get a little more fishing quota under terms of an agreement with Canada.

The countries are home to fisheries for economically important species that cross international boundaries, such as cod and haddock. They reach agreement every year about how to divide catch on eastern Georges Bank, a critical fishing area off New England and Canada.

The New England Fishery Management Council says the U.S is scheduled to get 29% of the 1.4 million pound total allowable catch of cod on eastern Georges Bank in 2020. It's also slated for 54% of the 66 million pound total allowable catch of haddock in the area.

Source: Reading Eagle


IN BRIEF - Alaska's salmon fisheries in hot water, scientists say

UNITED STATES
Tuesday, October 01, 2019

ANCHORAGE, Alaska - Some of Alaska's salmon fisheries are in jeopardy according to researchers who are looking at this summer's record warm water temperatures.

According to Cook Inlet Keeper Science Director Sue Mauger, early July temperatures on the Deshka river were actually higher than what climate models have predicted through the year 2069 -- 80.4°F compared to the projection of about 79°F.

The temperatures of three other Alaskan rivers outpaced their 2069 projections: the Beaver, Slikok and Funny rivers. These measurements are alarming scientists, who say the long-term health of Alaska's salmon fisheries in a changing climate could be at risk.

Source: KTUU


IN BRIEF - DanFish International Update

DENMARK
Tuesday, October 01, 2019

DanFish International Update – DanFish International takes place next week (9 to 11 October) where visitors from more than 50 countries will gather in Aalborg, Denmark, for this fishing industry showcase.

Martin Winkel, Head of Danish Export – Fish Tech, organizer of Pavilion of Denmark at DanFish International, says that he international fisheries and related processing industry increasingly require customised solutions. Therefore, Danish suppliers are proactive in their approach to new industry demands, focusing on developing the right products in close collaboration with customers and other industry partners.

Danish Export – Fish Tech is the largest Danish network of suppliers to the global fisheries, aquaculture and fish processing industries. Close to 100 companies are member of the network, which is part of Danish Export Association.

Source: Fish Focus


IN BRIEF - Taiwan bridge collapses sending oil truck plunging on to fishing boats

TAIWAN
Tuesday, October 01, 2019

A steel arch bridge over a bay in eastern Taiwan has collapsed with at least 11 people feared trapped or missing.

The Nanfangao Bridge - a tourist attraction in Suao, Yilan - fell on Tuesday morning while an oil truck was crossing it.

The vehicle and the road crossing on the 60ft-high bridge fell and crushed several boats in the fishing harbour below.

Footage posted on social media showed a large truck almost getting across the bridge before it tumbled backwards as the bridge collapsed into the water.

Source: News Sky


IN BRIEF - Oil market and European seafood exports the big concerns as Brexit looms

UNITED KINGDOM
Tuesday, October 01, 2019

The countdown to Brexit is on, with the month of the UK’s withdrawal from Europe now upon us.

Issues have been highlighted by businesses since the referendum vote, and with the latest leave date now on the calendar, several key concerns remain.

With two of the six UK oil refineries on the South Humber Bank, one of the biggest issues should we face a No-Deal scenario is the unfair advantage it will grant to global producers.

Britain faces a 4.7 per cent tariff on fuel exports should we leave and face World Trade Organization rules, while the UK has established a 0 per cent import rate.

Source: Business Live


IN BRIEF - Norwegians probe rise in salmon escapes

NORWAY
Tuesday, October 01, 2019

Seafood Norway has called on its members to carry out a thorough investigation into why so many salmon have escaped from fish farms in 2019.

The latest figure of more than 280,000 escapes in 30 separate incidents is one of the highest for many years, and seafood minister Harald T Nesvik has bluntly told the industry it is time to get its house in order.

Now the organisation which represents both aquaculture and fishing companies has said it strongly regrets the high figure.

Source: Fish Farmer Magazine


IN BRIEF - Study that showed most fish oil supplements don't measure up retracted

UNITED KINGDOM
Wednesday, September 25, 2019

A University of Canterbury study that found there was often less omega 3s in most bottles of fish oil supplements than stated on the label has been retracted due to a miscalculation. 

The study, titled Are over-the-counter fish oil supplements safe, effective and accurate with labelling? Analysis of 10 New Zealand fish oil supplements, looked at the accuracy of product labels of the 10 most popular over-the-counter fish oil supplements.

As reported earlier today by Stuff, the paper originally found more than half the supplements weren't true to label in terms of dose and would be unlikely to live up to the health benefits claimed on the bottle.

Source: Stuff


IN BRIEF - North Sea cod certification suspended by Marine Stewardship Council

UNITED KINGDOM
Wednesday, September 25, 2019

North Sea cod is to lose its sustainability certification due to concerns about stock levels.

The Marine Stewardship Council said certificates for North Sea cod fisheries would be suspended as stocks were below the "safe biological level".

A "blue tick" had been awarded in 2017, meaning cod could be eaten "with a clear conscience".

The Marine Stewardship Council (MSC) said the suspension was "devastating" but that stock levels were "worrying".

Source: BBC


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