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    Mowi achieves EUR 240 million in Q3 2022

    Mowi got an operational EBIT of approximately EUR 240 million in the third quarter of 2022. During the same quarter last year, it achieved EUR 131 million.

    In more detail, the company harvested a total of 134,000 tonnes of salmon in the quarter, distributed as follows:

    Norway: 87,500 tonnes
    Scotland: 14,500 tonnes
    Chile: 17,000 tonnes
    Canada: 11,000 tonnes
    Ireland: 2,000 tonnes
    The Faroe Islands: 2,000 tonnes

    On the other hand, the total Operational EBIT per kg through the value chain was approximate as follows:

    Norway: €2.55
    Scotland: €0.30
    Chile: €1.25
    Canada: -€0.35 (Canada West: €0.80)
    Ireland: -€1.20
    Faroe Islands: €1.05

    Operational EBIT in Consumer Products was EUR 30 million (EUR 22 million in Q3 2021) and Feed EUR 15 million in Q3 2022 (EUR 10 million in Q3 2021). Farming in Scotland and Ireland were negatively impacted by environmental issues related to micro-jellyfish; incident-based mortality was EUR 0.5/kg in Scotland and EUR 3/kg in Ireland.

    In addition, the reported financial net interest-bearing debt (NIBD) was approximately EUR 1 355 million at the end of the quarter (excluding IFRS 16 effects).

    The complete Q3 2022 report will be released on 9 November at 06:30 CET.

    About Mowi ASA

    Mowi ASA is one of the largest seafood companies in the world and the world’s largest producer of Atlantic salmon. It has worked with the same strain of salmon since its beginnings in 1964.

    The company has its breeding and genetics department. The strategy is to produce own eggs to secure the selection of the best genetic properties.

    It has invested in significant efforts and resources to improve the performance, disease resistance, welfare, and quality of fish.

    Laetitia Tricaud

    Each of our team members has made our Talent Cluster grow in different ways. Even our newest addition, Laetitia (Laëtitia) Tricaud, has taken our organization in a direction towards growth and progress within the recruitment sector in Aquaculture and Seafood. You are probably curious about who Laetitia is, what is her background, and what her role within AquacultureTalent is. This is why today I want to share with you her Aquaculture Story and her key role within our company.

    Human Resources as a Career

    Laetitia has been a Human Resources Specialist and Manager for more than 15 years, and the reasons behind her long-lasting participation in the sector are various. She is very passionate about personnel development, the support of others, and change.

    “My experiences have given me an opportunity to perform an operational and strategic role in order to support managers in the structuring and organization of their practices. To me is more than Recruiting for them, but also making Talent Development a real recruitment policy”.

    For Laetitia, developing herself in Recruitment means being a part of a human adventure, professionally and personally, not only for candidates but for companies. “The period in which we are living is shaping and reinventing companies and the vision of recruitment they have built. It is now more concerning for companies and employers how economical and human issues are affecting their processes. And understanding these have given them the tools to support talent and improve their overall wellbeing”.

    Laetitia Tricaud and Aquaculture

    Laetitia is a Senior Advisor at AquacultureTalent. Previously, she worked in different structures in the Agro-food sectors all across the Human Resources needs. However, now at AquacultureTalent, she is focusing on recruitment “which is perhaps the part of HR I prefer”. She likes to recruit and is in need of the human contact inherent to recruitment.

    “I am able to meet so many different people from candidates to managers and leaders, which allows me to feed myself with their experiences and knowledge. Aquaculture is a sector that is exposed to economical and environmental challenges worldwide, but these challenges are what allow it to prosper and help people make a living from fascinating roles”.

    Aquaculture has also given Laetitia the opportunity to meet people that are passionate about their profession and take the time to explain the challenges they can and have faced within their roles. Roles in which there is a strong respect for the cycle of life and nature, making these a priority and daily challenges, while always aiming to business success.

    Joining the AquacultureTalent Team

    As an Advisor, she strongly believes supporting companies and employers with their recruitment processes involves learning about them. Learning about their strategic and financial plans, as well as their human concerns. “I have experiences in strategic roles around these subjects. Which has given me the know-how of listening to them and offering them a piece of professional and benevolent advice. This way, we can ensure that our clients have the right candidates, and our candidates get the right employer”.

    There are so many values in Recruitment that Laetitia treasures and this industry has strong visions and missions regarding these.

    “The passion, the commitment of everyone involved. But also Aquaculture as an essential economical activity. I couldn’t let this opportunity with AquacultureTalent pass.

    I have always wanted to be a recruitment consultant, but I didn’t want to work for a generalist firm. AquacultureTalent is for me a team of experts in Aquaculture, but also in human relations and business organization. I wanted to make the shift in my career, and I am happy this new adventure is along with Aquaculturetalent. I am very happy to find a team, to be part of a new professional family, experts in our field!”

    Employer Branding from The Talent’s Perspective

    We have said a lot about Employer Branding. But what is Employer Branding from the Talent’s shoes? These are strategies we design for them, are they really finding them necessary? Today I won’t be sharing interview results specifically, but more a general overview of how talent perceives all those Employer Branding Efforts and Strategies you spent so much time designing. So, let’s dive in.

    The Process in Attracting Talent

    So we described the general process and elements to designing your Employer Brand. How does this process look from the talent’s end? First, they become familiar with your brand and what you represent. This is by being able to see posts and information of your company, the way you brand to your consumers through the different communication channels. Second, they start liking you. Yeah, they know who you are, they know what you do, but does this actually resonate with them? They need to feel like your company values and mission are something they sympathize with. This part also includes the way you promote the different opportunities and achievements among your teams.

    In the third place, these values and missions are something they want to take a part in. They see your organization as a possibility for their career. They feel like the opportunities and prepositions your company has to offer are something that is for them. Then in the fourth place, they apply. But this process is not a simple one, it also depends on how easy and friendly you make the application process for your candidates. And how is the feedback from your organization once they are taken through the pipeline.

    But we all know Employer Branding doesn’t end in Talent Attraction. So, what are their perceptions once they are part of your organization?

    The Process in Talent Retention

    You both decided to join paths. Now let’s see what happens on the talent’s end regarding your Employer Branding Strategy. First, they start liking working with you. This is because of the way you decide to communicate with your employees, but also has a lot to do with an effective onboarding process, and great leadership. They also keep in consideration the different ways you offer to support them personally and professionally. Your new employees feel like they made the right decision by joining you. Second, your employee is compromised to your organization, and you can see this because their productivity improved or has not decreased in the time they have been with you. This engagement is also tightly linked to the development opportunities you offer for them.

    Photo by Campaign Creators on Unsplash

    In the third place, your employee will develop loyalty. And this is probably one of the most difficult to achieve. The best way to achieve it is by carefully analyzing the reason other employees have left your organization. This is tightly linked to career opportunities, Company’s results, and remuneration. And last, your employees or former employees will recommend your organization to other talents. This is one of the most important signs. Only someone that feels happy and comfortable with your organization will recommend others to do the same.

    MSC sounds warning: Atlanto-Scandian herring catch exceeds sustainable limits

    The MSC has published an article highlighting the issue of overfishing of the Atlanto-Scandian herring, a representative and economically significant fish population in Europe, which is showing increasingly concerning trends with catch limits reaching 44%.

    According to the International Council for the Exploration of the Sea (ICES), the scientific organization responsible for advising governments on sustainable catch limits, herring fishing requires a drastic reduction. This reduction, equivalent to 302,932 metric tons per year, aims to prevent the decline of the herring population. However, ICES predicts that even if this recommendation is followed, herring populations could continue to decrease by 2025. The expectation for that is surpassing a critical level and endangering long-term sustainability.

    The article exmamines the species, revealing a significant decline in recent years. Since 2008, the Atlanto-Scandian herring has decreased from 7 million to 3.7 million tons this year. Furthermore, according to MSC’s analysis, data from 2022 reveal that catches exceeded ICES recommendations by 36%, further supporting these figures.

    Erin Priddle, Regional Director of MSC in Northern Europe, warns about the deteriorating health of these populations. “The declining health of AS herring and the latest alarming forecast should send a sharp reminder to governments that stocks are at risk of collapse when they are overexploited year on year.”

    The Need for Nations to Seek Scientific Guidance and Follow Advice

    Among the issues that have raised alarm in this story, which is just one example of many, is the inability of fishing nations to agree on quotas based on scientific advice. As explained by MSC, instead of doing so, individual nations unilaterally set quotas, not only for herring but also for Atlantic mackerel and blue whiting, leading to ongoing overexploitation.

    Specifically, MSC’s figures shows that in the past six years, combined catches of Atlanto-Scandian herring, mackerel, and blue whiting have exceeded the recommended amount by 31%. This reality extends to various species and endangers their existence.

    Therefore, MSC urges the governments in the Northeast Atlantic to reach an agreement on quota allocation based on scientific advice. Specifically, the organization points to the upcoming meetings of Coastal States in October 2023 as a crucial opportunity.
    This meeting may break the deadlock, enabling a consensus on a shared quota allocation to protect these populations for generations.

    “The North-East Atlantic stocks represent one of the largest populations in Europe... Some of the richest nations in the world fish for these populations,” said Priddle. “It would be an indictment of all governments involved if they continue to exceed the scientific advice by setting unilateral TACs [total allowable catch]. Setting quotas within safe biological limits is the bedrock of good fisheries management.” 

    About Marine Stewardship Council (MSC)

    The Marine Stewardship Council works as an international non-profit organization. Their mission is to protect marine ecosystems and promote responsible fishing practices. Fisheries that meet the MSC’s strict criteria can award the MSC certification. For that reason, it takes into account sustainability, including minimizing environmental impacts and ensuring effective management.

    Florida aquaculture suffers $34M blow from Hurricane Idalia

    Florida’s aquaculture industry is still reeling from the impact of Hurricane Idalia, with authorities estimating initial damages of $34.1 million to producers and processors in the State.

    The hurricane, which made landfall as a Category 3 storm on August 30, left a trail of flattened properties and destroyed livelihoods as its destructive 125 mph winds, together with torrential rain, storm surge and flooding, lashed the Florida coastline. Amongst the worst affected areas was Cedar Key, a key location for Florida’s clam aquaculture industry.

    Florida’s Department of Agriculture recently undertook a survey to assess the hurricane’s damage to aquaculture growers and shellfish processors in the State. The survey, sent out to 324 registered aquaculture growers as well as 64 shellfish processors in areas affected by the hurricane, received a response rate of 72%.

    Florida Aquaculture Certificate of Registration holders reported losses of almost $29.5 million, while shellfish processors reported losses of $401,520, with the total adjusted to just over $34 million to take account of non-reporting facilities.

    Florida’s shellfish and clam producers suffer “devastating losses”

    By far the biggest aquaculture group affected were Florida’s shellfish farmers, accounting for 88% of the producers reporting damage, with clam producers the hardest hit.

    Clams typically require two years from seed production to final harvest – meaning Idalia’s landfall on August 30 “will result in devastating losses to all the phases of clam culture for years to come,” according to the Florida government assessment.

    Total cost of damage to Florida aquaculture industry “expected to increase”

    “Aquaculture is Florida’s most diverse agribusiness, and it took a hard hit following Hurricane Idalia — particularly the shellfish industry in the impacted areas,” said Commissioner Wilton Simpson, announcing the results of the survey.

    “While these numbers are estimates, they are expected to increase as farmers continue to evaluate losses, and we will do everything we can to support this important industry unique to Florida and ensure that they have all the tools they need to recover.”

    Florida declares fisheries disaster, seeks federal aid

    The Florida Department of Agriculture is continuing work on a comprehensive damage assessment for agriculture, with possible financial support for aquaculture producers as yet unknown.

    Meanwhile, the state has already requested federal aid for its fishing industry from the U.S. Secretary of Commerce through a federal fisheries disaster declaration.

    Such declarations are granted under the authority of the Fishery Disasters Improvement Act, when a fishery experiences a significant and unexpected decline in fish stocks or a natural disaster that affects the industry’s ability to catch and sell fish.

    “[Fishing] is an important part of the economy here, it has obviously been interrupted and it is going to be a big blow to a lot of folks in that industry,” said Florida Governor Ron DeSantis, announcing the declaration. “We are going to request from the U.S. Secretary of Commerce a federal fisheries disaster to help our fisheries rebuild.”

    WTO welcomes Iceland’s contribution to the promotion of responsible fishing practices

    The government of Iceland has contributed CHF 500,000 (EUR 517,72 /USD 542,65) to the WTO’s Fisheries Financing Mechanism. The purpose of the donation is to assist developing members and less developed countries in implementing the Agreement on Fisheries Subsidies.

    “Iceland is a global leader in sustainable fishing, and we have a long history of helping countries that need to develop sustainable fisheries management capabilities,” explained Martin Eyjólfsson, the Permanent Secretary of the Ministry of Foreign Affairs of Iceland. “We look forward to working closely with the Fund to ensure timely ratification and successful implementation of the Agreement on Fisheries Subsidies.”

    These words were presented publicly to the Director-General of the WTO, Ngozi Okonjo-Iweala. Okonjo-Iweala expressed her gratitude for the gesture and emphasized Iceland’s continued support for the implementation of the Agreement. She also took the opportunity to underline the importance of collective action to preserve the oceans and promote responsible fishing practices worldwide, congratulating Iceland for its leadership in this effort.

    Moving towards a part that will improve administrative and legislative frameworks

    One of the novelties presented by the Agreement on Fisheries Subsidies is the changes and improvements in the legislative and administrative frameworks of WTO members, as well as in their fisheries management policies. Among these changes, Article 7 of the Agreement establishes a financing mechanism that will provide specific technical assistance and capacity building. Its objective is to assist developing countries and less developed member states in implementing the agreement. Therefore, Iceland is one of the first countries to initiate this type of collaboration.

    Furthermore, the WTO clarified that the fund’s administration is carried out by them. They collaborate with associated organizations such as the FAO, the International Fund for Agricultural Development, and the World Bank Group. The reason is that these organizations contribute relevant specialized knowledge.

    About the World Trade Organization (WTO)

    The World Trade Organization (WTO) stands as the singular global international organization responsible for regulating trade rules among nations. Most of the world’s trading nations have actively negotiated, signed, and ratified the WTO agreements, forming the foundation. For that reason, the primary purpose is to ease trade in the smoothest, most predictable, and unrestricted manner possible.

    The Agreement on Fisheries Subsidies delivers on the mandate from the 11MC in Buenos Aires. Moreover, it aligns with SDG 14.6, a part of the 2030 Agenda adopted by UN members in 2015. This remarks the significant impact of the WTO’s involvement in advancing the global fisheries subsidies agenda.

    Conxemar opens its largest and most participative edition today in Spain

    The XXIV International Frozen Seafood Products Fair, Conxemar, kicks off today in Vigo, Galicia, Spain, and will run until October 5th, raising the bar for its annual event. This edition promises to surpass the achievements of the previous year. Among the highlights revealed is an increase of 1,300 square meters of net exhibition space, bringing the total number of exhibitors to 754. These figures represent an 11.4% increase in exhibitors and a congress with 21 top-level speakers.

    Conxemar is one of the most renowned fairs globally, and in this edition, it has revamped its image. This year’s event has attracted representation from 45 countries, including newcomers such as Tanzania, Kenya, and the United Arab Emirates.

    A hub for the blue economy

    The XI International Conxemar-FAO Congress also promises to be a high-level event. With a focus on sustainability and the “Blue Transformation,” this congress will bring together distinguished speakers from various areas of the frozen seafood products value chain. The goal is to reach a consensus on solutions for the sector in social, economic, and environmental aspects.

    Additionally, the program will include roundtable discussions moderated by industry experts. Some of the addressing topics are brand integrity, the future of fishing and its management models, social responsibility in the value chain, business strategies aligned with the “Blue Transformation,” and traceability and consumer engagement. A wide range of subjects that aim to cover all key aspects of the sector.

    Ensuring interactions where no detail is overlooked

    With a larger exhibition area, not only will more new products be showcased, but there will also be more space for interaction. The fair has planned to have various spaces that encourage conversation, meetings, and business exchanges. Because the aim is not just to learn more about the industry but to immerse oneself in it.

    Furthermore, the event has considered various aspects with meticulous attention to detail. Among these, it has aimed to enhance event accessibility. Some of the changes implemented by the organizers include increased shuttle bus frequencies, the provision of free parking spaces at the airport, and specific traffic adjustments to streamline travel.

    Regal Springs partners with IDH to lead sustainable aquaculture innovation

    Regal Springs has joined the Environmental Footprint Working Group in Aquaculture led by IDH, an initiative to take concrete measures to reduce the carbon footprint in the aquaculture industry. In doing so, IDH’s primary goal is to effectively measure and reduce the environmental footprint of Regal Springs’ aquaculture products.

    The world is facing increasingly significant challenges. The growing global population and rising consumption are exerting pressure on the natural environment, while climate change threatens the ecosystems within which the aquaculture industry operates.

    Therefore, Regal Springs aims to take a step further in environmental improvement by collaborating with IDH, the working group focused on addressing environmental footprints throughout the fisheries sector, encouraging major feed producers and retailers to participate in this effort.

    Currently, Regal Springs is in the process of testing a tool developed by IDH, Blonk Consultancy, and the working group to measure its carbon footprint. Based on this measurement and the assessment of other impacts on its production in Honduras, changes will be initiated.

    According to the information provided by the initiative, the results of these tests are expected before the end of the 2023 to use the insights gained to make collective changes and improvements in collaboration with the working group.

    A Seed Marking the Beginning of Many More

    As explained by the initiative, aquaculture has the potential to provide healthy and high-quality food with a reduced environmental impact. However, the carbon footprint of aquaculture production varies significantly based on feed types, cultivation systems, and countries. Therefore, the Aquaculture Working Group has set out to develop and apply a consistent methodology for organizations to calculate their carbon footprint in aquaculture and apply it to all stages of the supply chain, from feed ingredients to retail.

    Furthermore, Regal Springs’ participation in this working group is particularly relevant. This is because retailers in the U.S. and the European Union are adopting measures to meet their carbon reduction goals. As a support mechanism, this working group offers an opportunity to accelerate efforts in the fisheries sector.

    Typically, the companies involved in this group represent various stages of the supply chain and are actively working to reduce their own carbon footprints. This ultimately contributes to the established reduction goals for retailers.

    About Regal Springs

    Regal Springs is a leading producer of sustainable and responsibly farmed premium tilapia, headquartered in Zürich. Their tilapia earns recognition for its natural excellence due to their practice of feeding it a rich vegetable diet and cultivating it in deepwater lakes in Mexico, Honduras, and Indonesia. This commitment to high standards sets their fish apart. Their premium seafood holds certifications from organizations such as the ASC, BAP, British Retail Consortium, among others. Regal Springs founded itself with a mission of ‘doing well by doing good,’ and they continuing today. Furthermore, they have a strong commitment to the ‘blue food movement’ and a variety of community and environmental welfare projects.

    About IDH

    Through collaborative innovation, convening, and investment, IDH dedicates itself to transforming markets by fostering inclusive and sustainable solutions. Their approach involves bringing together committed stakeholders from global value chains to develop joint visions and program for sustainable trade. With an international presence, IDH has successfully mobilized private sector investment and support over 15 years. For that reasonm IDH’s initiatives create innovative models for better jobs, higher incomes, a greener environment, and gender equity worldwide.

    New Brunswick hosts the Responsible Seafood Summit 2023

    The 22nd edition of the Responsible Seafood Summit kicks off today. From today Monday until next Thursday, Saint John will host the event that the Global Seafood Alliance (GSA) establishes each year to debate the most important issues shaping the future of the seafood industry, uniting both aquaculture and wild-catch fisheries.

    In this 2023 edition, the GSA has the Atlantic Canada Fish Farmers Association as co-host. The event will be held at the Delta, a Marriott hotel located in downtown Saint John.

    The Responsible Seafood Summit 2023 is being held at the Delta, a Marriott property in the heart of uptown Saint John, New Brunswick, Canada. Photo: Delta Hotels Marriott.
    The Responsible Seafood Summit 2023 is being held at the Delta, a Marriott property in the heart of uptown Saint John, New Brunswick, Canada. Photo: Delta Hotels Marriott.

    Common solutions for the entire seafood industry

    Although it has changed its name – it began as the Global Shrimp Outlook for Leadership (GSOL) and then became the Global Outlook for Aquaculture Leadership (GOAL) before taking its current name -, the mission of this event held by the GSA since 2001 has not changed. Its objective in this 22nd edition, as in the 21 previous editions, is to provide a pre-competitive platform for knowledge sharing and exchange of ideas among industry leaders.

    “This is the world’s only seafood event focused on bridging the differences and nurturing the commonalities between aquaculture and fisheries, with the goal of building a more unified front for seafood,” claims the organization on the event website.

    To achieve this, the Responsible Seafood Summit 2023 has prepared a program that will take place between today, October 2, and next Thursday, October 5, in which around 50 speakers – including some as well-known as Glenn Cooke, CEO of Cooke Inc. – will identify emerging issues before they become challenges and develop a long-term strategy to address them. Some 400 thought leaders are expected to join the event in Saint John, New Brunswick, Canada.

    A program for all parties involved in the sector

    The conference program is organized into plenary sessions in the mornings, working groups in the afternoons, and networking events in the afternoons and evenings. In addition, the organization also offers field trips in the afternoons that will give visitors the opportunity to see first-hand how some of the companies in the area work.

    The aim of the Global Seafood Alliance with this program is to bring all seafood professionals – from both aquaculture and fisheries – together to discuss their common responsibilities and objectives. To this end, the GSA has an advisory board of 10 members representing all parties involved in the sector, from producers to politicians, representatives from academia, public and private institutions, or associations.

    In addition, once again, the world’s leading retail and food service companies will be well represented at the show, as buyers play a key role in influencing seafood production practices through corporate social responsibility policies and associated sourcing specifications.

    GSA’s exclusive data and analysis, but also awards

    As usual, this 2023 edition will also unveil GSA’s unique production forecasts for farmed shrimp and farmed finfish. Gorjan Nikolik from Rabobank will present and discuss the results of the GSA aquaculture production study for 2023, with the collaboration of Ragnar Nystøyl and Chris van Bussel from Kontali. In addition, Angel Rubio from Urner Barry will provide data on the production and trade of several wild seafood species, such as lobster, crab, and groundfish.

    Finally, the event will also host the 11th edition of GSA’s Responsible Seafood Innovation Awards, which recognize individuals and organizations that find new solutions to the challenges facing seafood. The competition, which consists of two categories, aquaculture and fisheries, has six finalists. The winners will be announced at the award ceremony tomorrow, Tuesday, October 3.

    As mentioned above, this year the GSA has the Atlantic Canada Fish Farmers Association (ACFFA) as a co-host. “Atlantic Canada is the perfect place to host the new incarnation of GSA’s signature event. In its own unique way, Atlantic Canada embodies the vision of a science-based, collaborative approach to sustainable seafood production,” said Susan Farquharson, ACFFA Executive Director. Next year it will be Seafood Scotland that takes over as the Responsible Seafood Summit 2024 will be held at the Fairmont St. Andrews, in historic St. Andrews, on the east coast of Scotland, from October 21-24, 2024.

    About the Global Seafood Alliance

    The Global Seafood Alliance is an international, non-profit trade association dedicated to advancing responsible seafood practices through education, advocacy, and third-party assurances. Established in 1997 – originally as the Global Aquaculture Alliance -, the organization has become the leading provider of assurances for seafood globally through the development of its Best Aquaculture Practices and Best Seafood Practices certification programs. From environmental responsibility and social accountability to food safety, its work addresses the full spectrum of responsibility. headquartered in Portsmouth, N.H., USA.

    OSC’s cutting-edge AI-powered project: HydroAware

    Canada’s Ocean Supercluster (OSC) has announced the USD 10.5 million (EUR 9.97 million) HydroAware Project, aiming to expand hydroelectric energy and protect habitats using AI-powered fish monitoring. This project addresses the challenge of complying with fish protection laws while maximizing energy production in Canada. HydroAware utilizes fish tracking to mitigate infrastructure impact, ensuring fish safety and conservation.

    “AI in fish tracking technology, manages the movement of fish around hydropower infrastructure, supports the sustainable growth of an industry, and create economic benefits and jobs in the process,” said Kendra MacDonald, CEO, of Canada’s Ocean Supercluster

    This project involves major partners such as the Fundy Ocean Research Center for Energy (FORCE), BigMoon Power, Nova Scotia Power Inc., New Brunswick Power Corporation, and DeepSense, all with a common goal: improving oceanic efficiency. Canada’s Ocean Supercluster takes the lead with Innovasea technology, contributing USD 5 million (EUR 4.75 million) through PCAIS Program.

    An Innovasea’s AI-Based System

    HydroAware will enhance the availability of fish tracking information from remote locations through AI. The project will improve this technology using AI, allowing companies to gather evidence of safe fish passage, expedite regulatory approvals, and promote renewable hydroelectric energy generation in the country. This aligns with Canada’s clean energy goals and presents market opportunities in the oceanic sector.

    The technology development effort will be led by Innovasea, based in Bedford. A project they are passionate about not only for its objectives but also for the overall opportunities it creates.

    “Incorporating AI capabilities to our existing fish tracking technology will help ensure that hydropower producers in Canada and beyond can meet their green power goals in a manner that safeguards habitats and minimizes impacts to marine life,” said Mark Jollymore, President of Innovasea. “AI will enable us to monitor fish activity in environments that were previously too remote or inhospitable. This ultimately serves as a catalyst for the next generation of hydro and tidal power facilities.”

    About Canada’s Ocean Supercluster

    Canada’s Ocean Supercluster accelerates the development and commercialization of made-in-Canada ocean solutions. Some of their fields are the energy transition, food security, future of transport, and climate change while attracting ocean talent. As national ocean cluster, the OSC is a convenor of members, partners, and networks and a catalyst for transformative growth. Concretely, their Ambition 2035 wants to achieve a 5X growth potential in ocean in Canada by 2035. SC approved 85+ projects worth $400M, creating 200+ Canadian ocean products, processes, and services for global markets.

    About Innovasea

    Innovasea, driven by cutting-edge technology and a commitment to research and development, leads the aquaculture revolution. With 275+ global employees, they offer comprehensive solutions. Some of the includes durable equipment or innovative products, ensuring sustainable oceans and freshwater ecosystems for generations to come.

    Peru clamps down on undersized fishing to protect resources

    Peru is now enforcing unregulated sizes more strictly than ever before. The Ministry of Production (Produce), through the General Directorate of Supervision, Oversight, and Sanctions, reported confiscating 2.7 tons of resources in the Piura region because they were below the established sizes.

    This measure aims to preserve fishery resources, and the intervention of supervision and oversight played a crucial role. Specifically, inspectors examined the Artisanal Fishing Dock (DPA) Leonardo Felipe Vite Morales in Sechura while it was unloading the resources in sizes or weights below the permitted limits, surpassing the tolerance established by regulations.

    Subsequently, Produce’s inspectors proceeded to confiscate these resources. The goal was to stop the illegal commercialization of these resources in Peru and to prevent them from being acquired and distributed to the main markets and restaurants in the area.

    However, given that overfishing had already caused the damage and as the resource was suitable for direct human consumption, the district municipalities of Bellavista de la Unión (660 Kg.) and Bernal (2,112 Kg.) received the entire donation. They were responsible for distributing it among economically disadvantaged residents within their jurisdiction.

    The Importance of Minimum Sizes for Each Species

    Minimum sizes go beyond weight or preferred consumption; they are a measure to safeguard the maturity of each species, ensuring their proper reproduction and sustainability.

    Therefore, centimeters are crucial and the effortless and most sustainable measure to secure the future of hydrobiological resources. As the Peruvian Ministry of Production stated, tackling illegal, unreported, and unregulated fishing is the only way to prevent these incidents from occurring on a large scale and repeatedly.

    Undersize fish. Photo by: Produce.

    Salmon Evolution reports “all-time high” biomass

    Salmon Evolution, the Norwegian land-based salmon producer, has released its operational update for the third quarter of 2023, reporting “strong biological performance” at its Indre Harøy facility in western Norway.

    Detailing the Q3 operational results, the company said it had achieved an “all-time high” standing biomass of around 2,100 tonnes (LW) on 30 September 2023 – more than doubling its biomass since 30 June this year, with an increase of 101%. The results also showed good growth and normal mortality levels across all fish groups, the company said.

    Salmon Evolution’s total net biomass production for Q3 was 1,290 metric tonnes LW. The company said it had steadily increased biomass throughout the quarter, and harvested 185 tonnes HOG, having delayed some of its planned volumes until Q4 in order to “optimize harvest weights and price realization.”

    “Significant ramp-up in harvest volumes” planned for Q4, says CEO

    “We are very pleased with the continued strong biological performance. During the third quarter we saw both all-time high biomass production and standing biomass,” said Salmon Evolution CEO, Trond Håkon Schaug-Pettersen.

    “Coupled with production costs trending in the right direction on back of higher production, and a historically strong salmon market, we very much look forward to the fourth quarter and our significant ramp-up in harvest volumes,” he added.

    Salmon Evolution stocked its eighth batch of fish during Q3, and plans to stock two additional batches during Q4, prediciting steady-state production volumes of 7,900 tonnes HOG by the end of the year.

    About Salmon Evolution

    Salmon Evolution is a Norwegian land-based salmon farming company targeting a production capacity of 100,000 tonnes HOG by 2032, utilizing hybrid flow-through system technology (HFS). The Company’s first production facility is located at Indre Harøy on the Norwegian west coast. Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes HOG at steady state. Fully developed, the Indre Harøy facility will have an annual capacity of 31,500 tonnes HOG. Salmon Evolution has also entered into a joint venture with Dongwon Industries where the parties will develop, construct and operate a land-based salmon farming facility in South Korea with an annual production capacity of 16,800 tonnes HOG. The company has also initiated a process aiming to establish a land-based salmon farming operation in North America. Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME.

    Iran eyes aquaculture boost with Russia as key partner

    Seyed Hossein Hosseini, the Deputy Minister of Agriculture of Iran, has explained that it is time to harness the country’s high capabilities and potential in aquaculture. To achieve this, they are considering cooperation with neighboring states, including African nations and Russia.

    These statements were reported by the government official Tasnim News Agency, which covered the latest ideas and proposals from the meeting on Saturday, September 30. During the meeting, the Russian Deputy Minister of Agriculture and Director of the Federal Fisheries Agency, Ilya Shestakov, in Tehran, and Hosseini emphasized the need to expand cooperation between Iran and Russia in fisheries.

    There was also time during the meeting to reflect on the recent milestones between both countries. In this way, both parties highlighted the history of cooperation in the fishing sector, dating back many years. This cooperation extends beyond fishing and includes strengthening trade, scientific research collaboration, investment activities, and aquaculture, with the latter now needing a boost for its development. Shestakov reiterated Russia’s keen interest in promoting this cooperation.

    Finally, the head of Iran’s Fisheries Organization (IFO) praised the organization of the International Fisheries Exhibition in St. Petersburg as “excellent” and invited the Russian side to visit the International Fisheries Exhibition in Iran.