Fish industry news

In early September 2010 Russian traders have been discussing a drop of salmon catches in the Russian Far East as well as low quality of products coming from Vladivostok inventories, reported http://www.megafishnet.com/

Eimskip‘s profit for the first six months of the year 2010 exceeded expectations. EBITDA was EUR 19,9 million and net earnings after taxes were EUR 7.5 million. Total assets at the end of June amounted to EUR 291 million with equity ratio of 54% and interest bearing debts were EUR 78 million, reports www.megafishnet.com

I would personally like to invite you to our Friend of the Sea day taking place on Friday the 17th of September from 9-13pm, reports www.megafishnet.com

More than 1000 foreign fish exporters are competing for the lucrative Russian seafood market and FISHNET analysts (http://www.megafishnet.com/) have produced an exclusive report to turn spotlight on each supplier, their counterpart importers based on actual customs-cleared seafood shipments.

The United States West Coast limited entry groundfish trawl fishery entered full assessment in the Marine Stewardship Council's (MSC) certification program for sustainable and well-managed fisheries. The fishery, which operates in the United States West Coast Pacific Exclusive Economic Zone off of Washington, Oregon and California, will be assessed by an independent certifier against the MSC standard for sustainable fishing. If successful, products from this fishery will be eligible to bear the blue MSC ecolabel, reports www.megafishnet.com

EURONOR and the Compagnie des Pêches Saint Malo have applied jointly for Marine Stewardship Council (MSC) certification for their cod and haddock catches, reports www.megafishnet.com

With prospects still murky for the global economy, Maersk Line sets out a clear course for slow steaming. It's here to stay. It reinforces Maersk Line's status as most reliable carrier, reports www.megafishnet.com

On 14 September, European Commissioner for Maritime Affairs and Fisheries, Maria Damanaki, will open a one-day seminar on the state of fish stocks in European waters, reports www.megafishnet.com

European Maritime Affairs and Fisheries Commissioner Maria Damanaki arrived in Germany for a series of engagements in Berlin and Hamburg. The Commissioner will be meeting ministers, parliamentarians and stakeholders to discuss a range of issues, including the present and future shape of fisheries and maritime policy in Europe, reports www.megafishnet.com

Within the framework of the common fisheries policy the following developments have taken place: 1. Commission defines exemption procedure for EU trade ban on seal products, reports www.megafishnet.com

So far this year HB Grandi's pelagic vessels have landed 27,000 tonnes of Atlanto-Scandian herring and mackerel at Vopnafjordur. This represents a significant reduction in catch compared to last year, when 41,000 tonnes of mackerel and herring had been landed at the same point in 2009. The good news is that production of herring and mackerel for human consumption has increased dramatically, with approximately three times the amount going to production this year compared to 2009, reports www.megafishnet.com

Umami Sustainable Seafood Inc announced that the Company has ended its private placement financing which raised total cash proceeds of approximately USD8.7 million. As previously announced, this private placement was partially completed in June 2010 in conjunction with the closing of a share exchange among the Company and Atlantis Group that resulted in Kali Tuna becoming an indirect wholly owned subsidiary of Umami, reports www.megafishnet.com

Two sets of global standards - one for pangasius farming and the other for bivalve farming - were finalized by the Aquaculture Dialogues. They were developed over the past three years by 1,000 farmers, scientists, conservationists and others with a shared vision of minimizing the negative impact pangasius or bivalve farming can have on the environment, farm workers and surrounding communities, reports www.megafishnet.com

AquaBounty Technologies, Inc. (AIM: ABTX), a biotechnology company focused on enhancing productivity in the aquaculture market, announces progress on its pending New Animal Drug Application for AquAdvantage Salmon from the U.S. Food and Drug Administration ("FDA"), reports www.megafishnet.com

Young's has launched a new range of premium fish dishes intended to start the biggest category shake-up of the year. Young's Fishmonger's Choice range is designed to overhaul existing perceptions of frozen fish as well as presenting strong competition to the chilled equivalents already available on the market, reports www.megafishnet.com

In the first seven months of 2010, Vietnamese seafood export to Russia increased 13%, but has not reached the target, reports www.megafishnet.com

Trans-Ocean Products, Inc., the country's leading processor of surimi seafoods, announces that the company has achieved the acclaimed BRC Global Standard for Food Safety which is regarded as the benchmark for best manufacturing practices in the food industry. Trans-Ocean's facility, which is located on West Orchard Drive in Bellingham, recently passed a BRC Accreditation audit, receiving a grade "A" certificate, the highest possible rating. As a supplier to many of the country's largest food retailers, Trans-Ocean sought the BRC Certification as confirmation of its extensive food safety and quality efforts, reports www.megafishnet.com

TUF announced its operating results for the first half of 2010, with profits rising 6% on a 3% increase in dollar sales, due to the expansion of the company's product portfolio, especially in value-added products. All overseas subsidiaries also achieved strong growth. The company is confident its business strategy is on the track for sustainable growth, reports www.megafishnet.com

Rieber & Son delivered a quarterly result showing continued improvement in profitability, reports www.megafishnet.com

At the end of July, the Faroe Islands set a quota for North Atlantic mackerel of 85,000 tonnes for this year. This is 15 per cent of the recommended total allowable catch (TAC), and far in excess of their previous four per cent share. This follows a recent decision by Iceland to claim a quota of 130,000 tonnes, reports www.megafishnet.com