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Minh Phu braces for tough 2013 as EMS continues to hit business

minh_phu_corp

Shrimp disease sees Vietnam’s largest shrimp exporter miss 2012 targets by $130m, or 20,000t, as chairman forecasts a tough 2013 ahead (more…)

You may also like:

  • Siam Canadian: Markets can’t follow Thai shrimp prices
  • Seafresh, Surapon hit by shrimp disease, wage hikes
  • Minh Phu Q1 exports dive 9.7% in volume
  • Minh Phu: Delisting will raise more than planned investment

Japan tuna, mackerel trends indicate impact of ‘Abenomics’

Japanese economist using consumer trends in seafood to predict wider economic trends

(more…)

You may also like:

  • Yen devaluation hits Maruha Nichiro US subsidiary Westward
  • Philippine sashimi-grade yellowfish tuna volumes drop
  • Norway loves sushi almost as much as France

Summer mackerel season takes off on back of good demand

Producers and importers are optimistic about this year’s market, as fishing in Faroes gets off to early start (more…)

You may also like:

  • EU’s pelagic industry welcomes potential trade sanctions against Faroes
  • Faroese up mackerel quality with creative fishing technique
  • Iceland disputes ‘partisan’ downgrading by MSC
  • Copeinca profit dives on low fishmeal, oil volumes

Vietnam shrimp farmers hesitant to produce, despite high price

Farmers in the My Thanh Shrimp Association only resume farming on 450 of the 2,600 hectares under its control (more…)

You may also like:

  • Siam Canadian: Markets can’t follow Thai shrimp prices
  • Minh Phu Q1 exports dive 9.7% in volume
  • Shrimp buyers wary of price crash, countervailing duties
  • China a relief in tough Q1 for Vietnam shrimp exporters

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From ‘goldrush mentality’ to sustainable food source: aquaculture’s evolution

Andrew Kaelin has seen aquaculture projects evolve from rush jobs into commercial success stories which have huge potential for developing countries

(more…)

You may also like:

  • Nigerian aquaculture ‘is being neglected’
  • Scotland funds aquaculture in Malawi
  • South Africa unveils aquaculture guidelines
  • EU aquaculture ‘needs real strategy’

Nissui Chile salmon division loses big on coho crash

Fresh Coho salmon prepared and seasoned

Salmones Antartica, Nissui’s Chilean salmon farming division, is the worst performer in the company’s struggling South America unit (more…)

You may also like:

  • Nissui reports $50m annual loss
  • Sources: Nissui German plant sale set to go through, management the issue
  • Chile’s listed seafood giants rack up losses of $250m

Fish feed mill to open in north Kashmir

The feed mill will be fully automatic, will go towards meeting the demands of local fish farmers and encouraging aquaculture in the region

(more…)

You may also like:

  • Feed supplier named US exporter of the year
  • Indian trial mangrove grass for shrimp feed

Israel relaxes Palestinian fishing restrictions

Middle East country is allowing fishermen to fish within six nautical miles of the Gaza shore, following a meeting involving prime minister Benjamin Netanyahu

(more…)

You may also like:

  • UAE plans $54m fish market to deal with demand
  • New seafood show for Dubai

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China processor’s domestic sales tank, as rest of Asia booms

Haikui Seafood headquarters HQ

Haikui Seafood hit by a drop in Chinese revenues, but sales in the rest of Asia increase by 61% in Q1 2013 year-on-year

(more…)

You may also like:

  • Rising raw material, labor costs hit China processor’s margins
  • Chinese processor backtracks on domestic focus
  • Chinese processor continues growth, warns of challenging outlook
  • Haikui Seafood sees Asia sales growth boost earnings

SalMar to develop organic market

SalMar farm

Europe’s largest organic salmon farmer is seeing increased interest from other continents, considering ASC

(more…)

You may also like:

  • Villa to launch market’s first ASC salmon
  • Analyst: ‘Now is time to own salmon shares’
  • Villa back in black thanks to asset sales

Cermaq to take stock of higher Marine Harvest bid

‘Today is day of reflection’, says CFO, as company will assess both Marine Harvest bid and alternative ways to complete Copeinca deal (more…)

You may also like:

  • Victory for Marine Harvest, China Fishery as Cermaq votes against Copeinca deal
  • China Fishery to launch new, maybe higher, takeover offer for Copeinca
  • Marine Harvest confirms will to increase Cermaq offer
  • Think tank warns of ‘long road’ for Cermaq in Chile

Victory for Marine Harvest, China Fishery as Cermaq votes against Copeinca deal

Copeinca 2

Vote leaves door open for Marine Harvest and China Fishery’s takeover ambitions as shareholders vote against Cermaq’s proposed takeover of Copeinca  (more…)

You may also like:

  • 83.9% attendance at Cermaq meeting
  • China Fishery to launch new, maybe higher, takeover offer for Copeinca
  • Marine Harvest confirms will to increase Cermaq offer

Russia cuts South Korea pollock quota in half

Two countries agree to set South Korea’s fishing quota for pollock for this year at 20,500 metric tons, half of last year

(more…)

You may also like:

  • King crab prices keep dropping on suspected IUU fishing
  • South Korea, Russia fail to sign quota agreement
  • Russia, Japan reach agreement on crab

Singapore looks for growth in tuna trade

changi_airport_terminal_interior

Changi Airport, southeast Asia’s largest freight airfield is looking to attract more tuna trade to Singapore as it seeks to increase handling of high-value cargo

(more…)

You may also like:

  • Sapmer aims for fleet of 20 tuna seiners
  • ‘The only business worth having is long-term business’
  • Tuna giant Tri Marine to drive change with ‘economic incentives’
  • Alliance aims for Singapore stock exchange listing

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Sino Agro: EMS hitting shrimp farms in China

China shrimp plant

Chinese agribusiness firm Sino Agro Food reports its own shrimp are safe, but many farms in Guangdong district are effected

(more…)

You may also like:

  • Siam Canadian: Markets can’t follow Thai shrimp prices
  • CP Foods profit dives 91% as shrimp disease hits hard
  • EMS takes toll on Thai Union Q1

Brokerage keeps CP Foods buy rating on expected H2 shrimp recovery

CP Foods2

Bualuang Securities maintains its buy rating for Charoen Pokphand Foods based on a recovery in the shrimp operation

(more…)

You may also like:

  • Siam Canadian: Markets can’t follow Thai shrimp prices
  • CP Foods profit dives 91% as shrimp disease hits hard
  • Thai giant circles as Pescanova Ecuador shrimp exports hit new low
  • Sources: CP eyes Pescanova shrimp farms

China Fishery to launch new, maybe higher, takeover offer for Copeinca

Offer will be launched if Cermaq shareholders vote this Tuesday down the proposed rights issue needed for Cermaq to fund its rival Copeinca bid (more…)

You may also like:

  • Think tank warns of ‘long road’ for Cermaq in Chile
  • Norwegian gov meets with Marine Harvest
  • Copeinca profit dives on low fishmeal, oil volumes
  • Report: Marine Harvest could up Cermaq offer

Philippines to invest $15.8m in farmed pangasius

pangasius

Country’s government has earmarked the sum with a view to creating revenues of $22.9m by 2016

(more…)

You may also like:

  • Alliance Select aims to break past $100m in revenue
  • Thai Union-backed Papua New Guinea tuna factory to open in June
  • Philippines introduces live shrimp ban to avoid EMS

Fiji exporter refutes sharkfin allegations

Fiji Fish Marketing says reports of shark fins being air freighted to Hong Kong are exaggerated  and says increase in shipments is due to tuna (more…)

You may also like:

  • ISSF calls for tuna management to be tightened
  • Anova secures retail deals for Fiji MSC albacore tuna
  • Study: MSC certification too lenient
  • Fiji: EU agreement should include duty-free access for fish exports

Zhanjiang Guolian chairman travels to US to contest countervailing duties

Photo: Geoff Peters.

Chairman of company which supplies 90% of China’s headless shrimp to US travels to the US in bid to fight potential duties, on back of already tough quarter for company (more…)

You may also like:

  • Siam Canadian: Markets can’t follow Thai shrimp prices
  • Shrimp buyers wary of price crash, countervailing duties
  • Chinese shrimp giant hires legal team to fight US duty case

More in this section:

  • US sweetener firm to move into fish feed products
  • Nissui reports $50m annual loss
  • Shipping rates to increase on routes out of Asia
  • US raises pangasius duty rates for Vietnamese exporters
  • Seafresh, Surapon hit by shrimp disease, wage hikes

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SPOTLIGHT

  • Pollock fishing, Russia

    Russian pollock MSC

    Potential MSC nod could have wide repercussions for pollock buyers -- and Alaskan suppliers (more...)
  • Chile salmon farm pens cages 4

    Chile salmon M&A

    Cooke, Invermar, Pescanova... 'Everyone is talking to everyone' as Chile is back in full swing (more...)
  • Copeinca 2

    Marine Harvest vs Cermaq

    China Fishery's Copeinca bid has sparked a 'financial thriller' (more...)
  • Photo: Geoff Peters.

    Thai shrimp EMS

    Thailand's shrimp production could be down by more than 35% this year as a result of EMS (more...)
  • Brussels exposition center

    Brussels seafood show 2013

    Recap our coverage from the Brussels seafood show here (more...)
  • centro_pescanova2

    Pescanova

    The insolvency proceedings of Europe's third largest seafood company has rocked the industry (more...)
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