Over recent weeks, the Boards of Fortuna Ltd and our partners have approved the construction of a new trawler to replace the FV Capricorn in the Loligo fishery in early 2025. The vessel will be owned and operated by Fortuna Joint Venture Company - “Petrel Fishing Company Ltd”.2 comments
Falkland Islands' Fortuna Group has established a wholly owned company in Taiwan to manage its Illex business. Atlantic catch (Taiwan) will be a subsidiary of Atlantic Catch Falkland Islands both of which will be 100% Falklands owned.
A key intergovernmental forum on fisheries and aquaculture has endorsed new voluntary guidelines governing the transfer of fish between ships, in a move aimed at curbing the Illegal Unreported and Unregulated (IUU) fishing that threatens the sustainability of global stocks.
Argentina has released primary figures of fisheries landings in the first eight months of the year, (Jan/August 31) which show a significant overall drop compared to a year ago, 564,685.6 tons and 796,813.1, that is 29,13% less. However squid has done very well, hake hubbis landings also increased while shrimp and croaker the most common species experienced a considerable fall.
Greenpeace UK activists have dropped boulders into the English Channel at the South West Deeps (190 kilometers south of Land's End Cornwall) to prevent industrial trawling. The South West Deeps is one of the UK’s Marine Protected Areas and Greenpeace says the boulder barrier will stop industrial bottom trawlers from dragging weighted nets across the sea floor.
Galicia's Copemar and their Falkland Islands partner Beauchene Fishing have contracted Armón Vigo, an affiliate of the Asturian Naval Group Armon, for the construction of a trawler to replace the Baffin Bay which caught fire and sunk in the port of Vigo on its return from the Loligo season in the Islands.
The Chilean Lower House approved a bill repealing the Fisheries Law, better known as the Longueira Law since he was the great sponsor and defender of the legislation when he was the Economy minister. The repeal initiative received 117 votes, no nays, and twenty abstentions. The bill now begins to be discussed in the Chilean Senate.
Salmon farming industries must move out of protected areas was the controversial phrase from Chilean president Gabriel Boric during his latest visit to Magallanes region, the extreme south of the country.
The legal and political challenges in the South Atlantic fishery, particularly those related to the fishing activities neighboring Argentina's EEZ, and implications of the Falklands/Malvinas Question were the central discussion of a seminar held at the Argentine foreign ministry.
Brazil's incipient fish farmed exports in the second half to 2022, doubled in value and increased 14% in volume compared to Jan/July 2021. In effect sales reached US$ 14,3 million, from US$ 7,2 million y-to-y, with volume increasing to 4,931 tons from 4,327 tons.