The United Nations’ highest court set a maritime boundary between Chile and Peru on Monday that grants Peruvians a bigger piece of the Pacific Ocean while keeping rich coastal fishing grounds in the hands of Chilean industry. Despite high emotions over the dispute, the ruling is expected to have little effect on cordial ties between the two neighbors whose economic interdependence has grown greatly in recent years.
Argentina fisheries exports reached 441,255 tons in 2013, up 19.6% over the previous year when 368,915 tons were shipped abroad. Among the items with outstanding performance figures squid with over 100.000 tons and 84% higher than in 2012, according to the official stats from Argentina's Senasa, National Health and Food Quality Service.
Taiwan is providing an estimated 3.5 million dollars grant to St. Lucia in the Caribbean to fund three projects identified by the PM Kenny Anthony administration.
Argentina is preparing a battery of instruments to attack the Falklands fisheries and involved fishing companies with the purpose of 'strangling the economy' of the Islands thus forcing the UK to sit and dialogue on South Atlantic Islands sovereignty, according to a piece by La Nacion columnist Martín Dinatale.
Following on two years of poor performance and results, Uruguay's fishing industry is expected to face similar conditions in 2014, with ongoing labor disputes and tougher international markets particularly the European Union and Nigeria in Africa, which absorbed most of the country's hake, croaker and sea trout.
The process of selling Pesca Chile continues, despite Pescanova's attempts to slow down the liquidation of the company and its Chilean subsidiaries until the situation of the Galician multinational in Spain is resolved.
The bankrupt Galician multinational Pescanova has three proposals for its recapitalization: one from Damm, Luxempart, KKR and Ergon Capital Partners; another from Centerbridge and Bluecrest investment funds, and a third one from the major domestic creditor banks, according to reports from Vigo.
The government of South Georgia and South Sandwich Islands has announced it will issue two-year fishing licenses to companies who successfully apply to fish for toothfish and icefish in the SGSSI Maritime Zone, reports the South Georgia Newsletter latest edition.
The International Association of Antarctica Tour Operators (IAATO) has announced the appointment of Amanda Lynnes to the part-time position of Operations and Communications Assistant. Amanda is responsible for communicating IAATO’s key messages and will assist in the development of the environmental and operational components of the Association.
High costs, poor catches and labor conflicts are threatening the competitiveness of Uruguay's fishing sector which has seen exports drop considerably plus fears of a possible closure of Nigeria which in the last 18 months has become the main market.