Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Salmon. (Photo: Camanchaca)

Seafood stocks surge as salmon producer eyes Norway listing

Click on the flag for more information about Chile CHILE
Friday, September 22, 2017, 21:50 (GMT + 9)

Shares in Chilean fishing companies surged on Thursday after salmon producer Pesquera Camanchaca SA said it was eyeing a listing in Norway, bringing a rare bout of attention to the illiquid sector.

Camanchaca's shares rose 15.6 per cent to close at 37 Chilean pesos (USD 0.0593), after it said on Wednesday it had hired Norwegian bank DNB ASA to evaluate a possible Oslo listing of a third of its shares.

That rally spilled over Multiexport Foods SA, whose shares rose 8.9 per cent to close at 221 Chilean pesos (USD 0.3539), and Empresas AquaChile SA, which rose 9.8 per cent to close at 302 Chilean pesos (USD 0.4837). All three were among Thursday's largest gainers in Latin America.

"It's giving more visibility to the sector," said Guillermo Araya, analyst at brokerage Renta 4 Chile.

Chile is the world's second-largest salmon producer, after Norway, and several fisheries are listed on the Santiago Stock Exchange. But the sector often flies under the radar in a the mining-focused economy, which produces a third of the world's copper.

Chile's 2017 salmon output is expected to rebound to 725,000 tonnes this year after a massive algal bloom last year sent production tumbling to 675,000 tonnes, the lowest level since 2011. That has come despite fears that stricter environmental regulations would harm output.

Rising output, coupled with surging prices as outbreaks of sea lice and disease have limited Norway's output, have lifted Chilean salmon stocks in the past two years. Multiexport is up 16 per cent so far this year, after surging 206 per cent in 2016, while Camanchanca is up 17 per cent in 2017 after last year's 117 per cent rise.

Source: Felipe Iturrieta/Reuters

editorial@seafood.media
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Japan
Mar 29, 03:00 (GMT + 9):
Driftnet fishing for salmon and trout starts early. Agreement with Russia
Russian Federation
Mar 29, 01:00 (GMT + 9):
Will the Russian Far East be the country with the most snow crabs in 2025?
Viet Nam
Mar 29, 01:00 (GMT + 9):
Shrimp exports from Ecuador are facing many challenges
Australia
Mar 28, 21:10 (GMT + 9):
IN BRIEF - At WTO, Australia seeks details on India's fisheries plan
Croatia
Mar 28, 21:00 (GMT + 9):
IN BRIEF - Cromaris business results in 2023
United States
Mar 28, 07:20 (GMT + 9):
AQUA Cultured Foods Partners with Ginkgo Bioworks to Optimize Alt-Seafood Production
United States
Mar 28, 07:00 (GMT + 9):
Seafood Expo Global Announced Finalists of the 2024 Seafood Excellence Global Awards
Norway
Mar 28, 07:00 (GMT + 9):
Borealis and AKVA group launch groundbreaking Polarcirkel™ workboat hull crafted from renewable feedstock-based plastic
Viet Nam
Mar 28, 07:00 (GMT + 9):
China & HK imported 75 million USD of Vietnamese pangasius
Japan
Mar 28, 07:00 (GMT + 9):
The first fly meal-based food in Japan developed by Nichimo
United States
Mar 28, 06:50 (GMT + 9):
Southern Shrimp Alliance Praises Congressional Representatives for Demanding Action on Indian Shrimp
Norway
Mar 28, 06:50 (GMT + 9):
Fish Pool Salmon Price Status Report for week 13
Norway
Mar 28, 06:40 (GMT + 9):
Statistics │ Export by destination │ Atlantic salmon: semi-dress/fillet fresh │ by country │ 2022-23-24
Papua New Guinea
Mar 28, 04:00 (GMT + 9):
IN BRIEF - Thrilling progress in PNG fisheries sector
Norway
Mar 28, 01:00 (GMT + 9):
IN BRIEF - Marine protected areas safeguard more than ecology – they bring economic benefits to fisheries and tourism



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Clipfish challenges in Brazil: Port bureaucracy stops millions worth
Brazil More and more clipfish containers are being stopped in Brazilian ports. - Complicated regulations make market access challenging, to say the least, say Norwegian exporters who risk large losses. Bra...
Catches in the Sea of Okhotsk and Bering Sea
Russia Fed. Situational update as of 03/24/2024 Source: Stockfile FIS Sea of Okhotsk (pollock) According to OSM data in the Sea of Okhotsk, pollock catch (industrial and coastal fisheries) as of March 24, 20...
Productive Development of the Fishing Activity
Peru Fishing Sector Bulletin - January 2024 The landing of hydrobiological resources registered a negative interannual variation of 62.7%, as a result of the lower landing of fishing resources for indirec...
NGO Sues UK Government Over International Fishing Quotas
United Kingdom Blue Marine Foundation, a charity dedicated to restoring the ocean to health, has launched legal proceedings over the government’s decision to set fishing opportunities, for more than half UK st...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER