Recently released data shows that the Falkland Islands Gross Domestic Product (GDP) continues to be volatile: expanding considerably during some years and shrinking in others. For example, 2012, a year of intense hydrocarbons activity the per capita for a population of 2.562, in the books soared to £77.400.
China is interested in investing in Argentine port infrastructure and in setting up companies with access to the South Atlantic fisheries, according to reports from Shanghai where an Argentine top level delegation is currently negotiating in the framework of the China-Argentina cooperation agreement.
The Deepwater Group says the increase in the total allowable commercial catch (TACC) for hoki shows the benefits of a long term commitment to build biomass in this major New Zealand fishery. An increase in the hoki catch, from 150,000 to 160,000 tons, was announced on at the Seafood Industry Conference in Wellington by the Minister for Primary Industries Nathan Guy.
The approval of the creditors’ agreement considering reductions over 90% of the debt helped the Galician multinational firm Pescanova achieve a net profit of EUR 1,790 million in the first half of this year. The six-month accounts submitted to the Spanish National Securities Market Commission (CNMV) show the cancellation of the firm’s bulky insolvency has meant the entry of EUR 2,3 million, which in the accounts figure as income.
The presence of the lipophilic toxin in the Galician estuaries, (northwest Spain) has caused the closure of almost all Galician mussel polygons and forced the closure of activities in the local canning industry. The red tide is currently blocking 90% of the rafts production, since only two polygons located in Betanzos and four in Redondela are open, reported Atlantico news.
The House of Representatives approved this week a draft agreement to ban trawling in Chile. With 55 votes in support, six against and five abstentions, the deputies voted in favor of the Draft Resolution No. 100, which requests the Executive to submit a legislative initiative to amend Article 49 of Act No. 18,892 in order to ban fish catching by trawling.
The Xunta of Galicia in the northwest of Spain banned the extraction of mussels in 18 of the 55 floating nurseries of the autonomous region, that is to say, in 32% of the total capacity because of the presence of lipophilic biotoxin.
The head of the Ministry of Food and Environment (Magrama), Miguel Arias Cañete, highlighted the ”excellent results achieved by Spain in negotiating total allowable catches (TACs) and quotas for 2014.”
The European Commission (EC) has decided to sanction Spain and nine other Member States for exceeding their fishing quotas during the past financial year, and reduce their fishing opportunities for 2014. This measure is intended to repair the damage caused to resources and in this way ensure the sustainable capture of resources.
Uruguay's largest fishing and processing company FRIPUR, has requested administrative protection, or a voluntary concordat with creditors following financial problems with banks and other providers. Liabilities are over 70 million dollars of which 50 million with two banks, according to sources close to the request. The company employs 1.100 people.