Saving Seafood

Fish 2.0 Awards Second Round of Prizes in 2017 Competition

December 13, 2017 — CARMEL, Calif. — The following was released by Fish 2.0:

Fish 2.0 today announced the winners of its 11 ICX (Industry Connection) prizes, the final awards in the Fish 2.0 2017 competition for sustainable seafood businesses.

The competition’s cash prize winners were announced Nov. 8 at the close of the Fish 2.0 2017 Innovation Forum at Stanford University. Those awards went to the eight seafood ventures—one in each of the competition’s six regional and two global tracks—that earned the highest scores from investor-judges.

All of the 39 finalists from around the world who presented at the Forum were eligible for ICX prizes. These prizes are unique opportunities for ventures to gain market insights and expertise from industry leaders who support growth and innovation in sustainable seafood. Offered by investors and buyers, intermediaries and other seafood companies, ICX prizes include invitations to work directly with industry leaders on investment structures and growth plans or developing branding and market penetration strategies; to attend investor and industry events; and to meet and present to retail and wholesale partners in Europe and the U.S.

“It’s important for us to support the growth of the sustainable seafood sector as well as innovations in this sector,” said Guy Dean, vice president and chief sustainability officer at Albion Farms & Fisheries. “Fish 2.0 does just that, and their results have been fabulous. As a successful protein company, we are happy to help coach and mentor entrepreneurs because they will ultimately create positive impact for our industry and for future generations. In addition, this is a great opportunity for us to learn about new initiatives. In fact, we gain as much value in learning about the prize recipient’s innovation as we hope the prize recipient gains from our input and work with them.”

ICX prize recipients were chosen based on fit with the prize criteria and ability to take full advantage of the prize.

“Given Alltech’s ACE principle commitment to agricultural solutions that benefit the animal, consumer and environment, and to improving aquafeed specifically, we were eager to partner with Fish 2.0 in identifying companies that might be able to complement our core competencies and capabilities,” said Dr. Sasha Tozzi, algae technical manager at Alltech. “We are very excited to meet NovoNutrients to learn more about their technology, which could have many applications in Alltech’s animal nutrition. ShellBond’s capability to use swine waste as a source of a natural carotenoid antioxidant is another compelling match.”

Here is the full list of ICX prizes and winners, by prize sponsor:

Albion Farms & Fisheries
Prize: A full day of expert consultation with the Albion Farms & Fisheries senior leadership team and CSO, including advice and insight on opening new market opportunities and business growth strategies.
Winner: Fish Extend of Santiago, Chile, whose product extends the shelf life of fresh fish using natural ingredients, reducing production losses due to spoilage.

Alltech
Prize: Two passes for ONE: the Alltech Ideas Conference in Lexington, Kentucky, in 2018, and private meetings in Lexington with members of the Alltech team.
Winners: NovoNutrients of Sunnyvale, California (also the competition’s Supply Chain Innovation track winner), which is using food-grade bacteria to make fish food from industrial carbon emissions; and
ShellBond of Wilmington, North Carolina, whose technology solves problems in oyster habitat restoration, spat sedimentation, oil cleanup and nonorganic antioxidants in salmon farms.

Australis Aquaculture
Prize: One-day consultation with the Australis CEO and leadership team on how to introduce new products to market and/or scale an aquaculture enterprise.
Winner:VakSea of Baltimore, which has developed a patented oral vaccine delivered via fish feed that promotes healthier fish and decreases antibiotic use in aquaculture.

Calvert Impact Capital (formerly Calvert Foundation)
Prize: Half-day expert consultation with Calvert Impact Capital lending staff who lead its Women Investing in Women program, including mentorship, guidance and information on accessing financing.
Winner: American Unagi of Thomaston, Maine (the competition’s short-pitch winner), which grows locally harvested glass eels to market size in a land-based aquaculture system.

FishChoice
Prize: Two half-day meetings or one full-day meeting for up to three people with the FishChoice leadership team, who will share FishChoice’s expertise on sustainable seafood ratings and certifications.
Winner: Fair Agora of Bangkok, whose Verifik8 monitoring and verification software collects data from fish farms and cooperatives to help seafood buyers make safe and responsible choices.

IntraFish
Prize: Two tickets to the IntraFish Seafood Investor Forum in either New York or London.
Winners: ColomboSky of Verona, Italy, whose Aqua-X technology for the marine aquaculture industry uses satellite images, in-situ data and expert supervision to monitor and forecast water quality; and
TunaSolutions of Sydney, a fair-trade online marketplace for the tuna industry that connect fishers with buyers and facilitates real-time trading through a series of online auctions.

Rabobank International
Prize: Half-day meeting and consultation with the Rabobank North American seafood lending team, and a consultation with Rabobank’s global seafood analyst.
Winner: SmartCatch of Palo Alto, California, whose flagship product is DigiCatch, a remotely controllable video, lighting and oceanographic catch monitoring system.

RSF Social Finance
Prize: One-day visit to the RSF Social Finance offices for coaching sessions with the social enterprise lending team and the RSF marketing team.
Winner: Real Oyster Cult of Duxbury, Massachusetts (also the competition’s New England track winner), which ships fresh oysters from all over North America direct to consumers overnight.

Stavis Seafoods
Prize: Half-day consultation with the Stavis Seafoods CEO and responsible sourcing manager, including mentorship, guidance and information on accessing new market opportunities.
Winner: OneForNeptune of Santa Fe, New Mexico, which offers healthy, high-protein snack foods made from underutilized and undervalued U.S. groundfish species and industry offcuts.

TomAlgae
Prize: Two-day consultation with specialists from TomAlgae, who will offer advice and expertise on successfully scaling oyster aquaculture production.
Winners: Panacea Oysters of Spring Creek, Florida (also the competition’s South Atlantic and Gulf Coast Shellfish track winner), which is restoring oyster farming in Apalachicola Bay by creating a unified brand and guaranteeing purchases to farmers; and Pensacola Bay Oyster Company of Pensacola, Florida, an oyster farm producing premium oysters for the half-shell market, with the goal of restoring the Gulf Coast’s environment and working waterfronts.

Wabel
Prize: The Wabel Retail Prize includes an invitation to the Wabel Summit, at least eight meetings with fish buyers from Europe’s largest retail groups, and more.
Winner: Northline Seafoods of Sitka, Alaska (also the competition’s U.S. West Coast track winner), whose unique floating processing facility eliminates waste and extends the shelf life of sustainable wild salmon.

“Our team is thrilled to receive the Stavis Seafoods ICX prize,” said Nick Mendoza, CEO of OneForNeptune. “We’re introducing seafood products to a consumer market dominated by non-seafood meat snacks, which is both a challenge and an opportunity. Guidance from a company that is nearly 100 years old could be pivotal to our success, helping us to avoid the mistakes and pitfalls that can derail young companies. This prize gives us an invaluable opportunity to learn directly from Richard Stavis, a seafood innovator who has successfully grown a large company while continuing to focus attention on fishing communities, sustainable sourcing and enhancing consumer awareness.”

Fish 2.0 founder and executive director Monica Jain said the prizes and the spirit behind them exemplify what Fish 2.0 is all about—growing the sustainable seafood industry through connections and learning. “We’re grateful to these forward-thinking prize givers for offering their time and resources to these ventures and to the field,” she said. “Over the past years, these prizes and the partnerships that result from them have led to extraordinary growth acceleration for the winning ventures and the prize givers. These are golden opportunities.”

The prize givers benefit along with the entrepreneurs. “Participation in Fish 2.0 gives us fantastic insight into the sustainable seafood sector—it’s a great way to build our network and learn about the range of innovation and investment activity that’s happening to support sustainable oceans,” said Leigh Moran, senior officer, strategy, at Calvert Impact Capital. “Offering an ICX prize is a great way for CIC to be more involved in Fish 2.0 and continue learning about the sector.”

About Fish 2.0

Fish 2.0 is a Carmel, California–based social enterprise that connects investors and entrepreneurs to grow the global sustainable seafood sector. Working through Fish 2.0’s expanding global network, regional workshops and other events, and online competition platform, Fish 2.0 participants collaborate to drive innovation, business growth and positive impact. Everyone benefits: Entrepreneurs meet potential investors, partners and advisors. Investors and advisors get early access to investment opportunities and learn about emerging technologies and trends. Industry leaders gain direct access to sustainable seafood suppliers and partners.

 

Brasil’s Swift Launches Latin America’s First Certified Sustainable Seafood Product Line

May 4, 2017 — SAO PAULO, Brazil — The following was released by the Aquaculture Stewardship Council and the Marine Stewardship Council:

JBS, through 54 Swift shops in the Sao Paulo region of Brasil, have launched the first Aquaculture Stewardship Council (ASC) and Marine Stewardship Council (MSC) certified retail seafood product line in Latin America.

The initial product line includes a variety of ASC certified salmon products from Chile as well as tilapia from Brasil.

Further ASC certified products are planned, including trout and bivalves. Shrimp, either from Brasil or from Ecuador, is a priority.

The ASC is also planning to introduce Brazilian native species standards next year that will make it possible to have certified tambaqui, pirarucu, pintado and pacu available.

For the MSC, Alaskan pollock and chum salmon are part of the launch. Alaskan Pacific cod will soon be added and Atlantic cod products are at planning stage.

Paulo Christofani, the project Manager at JBS, said “we are extremely proud to be the first retailer in Latin America to launch an ASC/MSC product line. Sustainability is a priority for JBS and we aim to engage with our customers with marketing materials to inform and promote this initiative”.

Laurent Viguie, Latin American Manager for the ASC: “JBS/Swift have showed real initiative to launch this product range in Brasil. They are being very pro-active in encouraging their suppliers to achieve ASC certification. We hope that this will encourage more retailers in the region to follow their example”.

Brian Perkins, America Regional Director for the MSC said: “When people purchase MSC certified seafood, their choice supports fishermen around the world who are working hard to meet the world’s most rigorous standard for environmental sustainability of wild-capture fishing.”

Fish 2.0 evolves to fight industry fragmentation

April 25, 2017 — The business competition Fish 2.0, now in its third installment, is evolving into a nexus of communication that is helping fight fragmentation in the seafood industry, according to its founding director Monica Jain.

Held every two years after an inaugural 2013 edition, Fish 2.0 is an open call for entrepreneurs and business owners in the seafood industry to propose their projects and get feedback from investors and industry professionals, as well as possible financial backing.

The four-phase competition pares the proposals it receives down to a group of finalists that present at Stanford University to a room full of investors, consultants and other businesses owners.

Jain said her original motivation behind creating the competition was to stimulate private investment in sustainable seafood, and the competition has certainly done that— companies that presented at the 2015 Stanford finals have raised more than USD 30 million (EUR 27.6 million), and include starts-ups including LoveTheWild and Acadia Harvest Inc.

But the competition has also created an unforeseen meeting point in a dispersed industry.

“The thing that we’re seeing is that more and more businesses are interested in our competition not just to meet investors, but to meet each other. There’s a lot of benefit for them meeting each other because the seafood industry is fragmented,” Jain said.

For the 2017 edition, Fish 2.0 held six workshops in different regions; Southeast Asia, Chile and Peru, the Pacific Islands, New England, the South Atlantic and Gulf of Mexico, and the U.S. West Coast.

At the U.S. West Coast workshop early this month in Seattle, entrepreneurs from California to Alaska discussed innovations and business ideas that ranged from submarine robots for patrolling aquaculture farms to salmon-based baby food to innovative fish handling techniques.

Read the full story at SeafoodSource.com

The gross reason your salmon is about to get (even more) expensive.

January 25, 2017 — The bad news is you may have to cut back on how much salmon you eat. The good news is when you find out the gross reason why, you might not have much of an appetite anyway.

Salmon farms in Norway and Scotland, two of the world’s largest exporters, have been decimated by sea lice, a parasite that has feasted on the blood and skin of salmon for millennia. Farther south in Chile, a toxic algae bloom has killed enough of the fish to fill several Olympic swimming pools.

As the salmon die by the millions, it’s causing a supply-and-demand ripple effect that’s reaching deep into American wallets.

Worldwide farmed salmon production fell by 8.7 percent in a year, according to the Financial Times. And the Nasdaq Salmon Index showed a nearly 15 percent jump in salmon prices in the last three months.

In the near future, it only promises to get worse. And the dying fish and rising prices could fan the debate about whether growing salmon in giant ocean farms is sustainable.

For fans of salmon nigiri or frozen fillets plucked from supermarket freezers for quick, heart-healthy protein, expect salmon portions to shrink — and prices to grow, experts say.

Read the full story at the Washington Post

MAINE: Global scallop summit coming to Portland next year

December 27, 2016 — Maine’s largest city will host an international forum about scallops next year.

The event is called the International Pectinid Workshop and it is taking place in Portland from April 19 to 25. The event attracts scientists, students and seafood industry representatives from all over the world and has taken place biennially since 1976.

The organizers of the conference say its main goal is to bring stakeholders in scallops together to network and share research and practices. The event’s committee includes representatives from countries including Norway, England, Ireland, Chile and Australia.

Satellite Tracking Spots Suspicious Activity from 12 Chinese Fishing Vessels in Peruvian Waters

October 17th, 2016 — At least a dozen Chinese vessels have illegally fished inside Peru’s national waters between January 2015 and September 2016, according to data analyzed by the satellite tracking platform Global Fishing Watch. This data suggests that over the course of the last year, Hong Pu5, Shung Feng 002 and several other vessels entered Peruvian waters at least once to fish in violation of international law.

Global Fishing Watch — a joint initiative of Oceana, SkyTruth and Google — uses navigation technology known as the Automatic Identification System (AIS) to track the movements of nearly 40,000 commercial fishing vessels around the world. AIS transmits a vessel’s identity, type, location, course and speed. Global Fishing Watch’s algorithm uses this information to identify fishing patterns, which helps fisheries officials and enforcement agencies spot potential criminal activity.

According to the UN’s Food and Agriculture Organization (FAO), illegal fishing in Peru is responsible for $360 million in losses each year. Peru is something of a “paradise” for pirate fishing, said Juan Carlos Sueiro, Oceana Peru’s fisheries director.

While neighbors Colombia, Chile and Ecuador have ratified a new FAO treaty aimed at curbing the trade in illegal fish in port cities, Peru has dragged its heels. As a result, Sueiro said, Chinese and other foreign vessels suspected of illegal fishing can freely dock, refuel, buy food and offload their catch in Peru.

Read the full story at Oceana 

Shellfish Farmers Fear Ocean Acidification May Affect Harvests in 2016

January 8, 2016 — Ocean acidification was blamed for the shutdown of the Washington oyster fishery last year and B.C. could be next, partially for the same reason, said Rob Saunders, owner of Island Scallops at Qualicum Beach.

Speaking to TheProvince, Mr Saunders said that Island Scallops, which provides seed oysters and scallops for farmers, lost 90 per cent of its oyster larvae last year.

Acidic water affects the oysters’ ability to grow a hard shell. It takes two years for oysters to mature for harvest, and Mr Saunders said oysters may be in short supply this year.

Read the full story at The Fish Site

CFOOD: Catch Shares vs. Sharing Catch

November 24, 2015 — The following is an excerpt from a commentary by Stephen J. Hall, David J. Mills, and Neil L. Andrew, written in response to an article published last year in Slate magazine, by Lee van der Voo.

The commentary was published yesterday by CFOOD, a project of the University of Washington involving top marine scientists from around the world, including Dr. Ray Hilborn. CFOOD’s mission is to identify and refute “erroneous stories about fisheries sustainability that appear in mainstream media.”

The commentary addresses issues, most notably fleet consolidation, related to the implementation of catch share systems. 

Writing last year in Slate magazine, Lee van der Voo considered catch shares in the US to be, “one of the coolest vehicles environmental policy has seen in decades,” because they reduce fishing effort, diminish incentives to fish in dangerous weather, can boost the value of seafood, and most importantly, were designed to keep fishing rights with the fishermen and their communities. However this last attribute has not worked for most catch share programs and increasingly these rights are bought by large investment firms and offshore companies that find loopholes in the loosely-regulated catch share laws and regulations.

Van der Voo fears that over the long term catch shares will increase costs, fishermen will earn less because of higher rental payments owed to, “people in suits,” that own the fishing rights. Consumers would then pay more in this scenario while a handful of investors would become rich.

Atlantic coast clam fisheries are the first example of this cycle: Bumble Bee Foods which has exclusive rights to almost 25% of America’s clams, was recently acquired by Lion Capital, a British equity firm. The Alaskan crab fisheries have also experienced a disconnect in recent years between fishing rights ownership and the people actually harvesting the resource.

Proponents of catch shares need to, “acknowledge that it’s an investment vehicle too, and the fish councils that manage it lack resources and political savvy to keep fishing rights in the US and in the hands of fishermen.”

Comment by Stephen J. Hall, David J. Mills & Neil L. Andrew

In the context of US fisheries, the term “catch shares” refers to a system in which the government grants fishing rights (quotas) to individuals or companies on a de facto permanent basis and establishes a market for buying, leasing or selling those rights. In other parts of the world, this same approach is referred to as Individual Transferable Quotas (ITQs), or Transferable Fishing Concessions (TFCs).

For ensuring the sustainability of fish stocks, catch shares in the US are “one of the coolest vehicles environmental policy has seen in decades.” Yet while the potential of catch shares to reduce fishing mortality to sustainable levels is clear, the long term benefits for fishers and fishing communities are much less so. Van der Voo describes how catch shares in the US clam fishery have accumulated in the hands of a few wealthy investors and offshore companies. Clearly, it is an issue that deserves much greater attention.

Lessons from Experience

The potential pitfalls of catch shares and other schemes to allocate private property rights in fisheries have not escaped scholars. For example, Benediktsson and Karlsdóttir (2011)  describes how the ITQ system in Iceland saw 50% of quota in the hands of 10 companies by 2007, a result that arguably contributed to the country’s financial crisis. Analyses of events in Denmark and Chile point to similar concentrations of quota with marked negative impacts on traditional fishing communities. In Chile, an estimated 68% of people working in the fisheries sector had to share 10% of the quota with the remaining 90% was owned by just four companies.

Rights-based fisheries (RBF), the concept that environmental and economic objectives in fisheries are best served by introducing private property rights, has been a dominating proposition over the last two decades. Zealous promotion of RBF (e.g. Neher et al. 1989, Cunnigham et al, 2009), and experiences such as those described above, has led to equally zealous rebuttal, largely on the grounds of social justice, particularly for small-scale fishers.

In South Africa, that rebuttal ultimately took the form of class action to challenge the prevailing system. Based on ITQs, this system was intended to reduce poverty by creating small-scale fishing enterprises that generated wealth for fisher households. Unfortunately, it was a system that saw 90% of the country’s 50,000 small scale fishers lose their rights. As Isaacs (2011) notes:  

This system failed as many new entrants were allocated unviable fishing rights, most of them were vulnerable, many sold their rights to established companies, and some fell deeper into poverty. At local community level, the wealth-based approach of allocating small quotas to many rights holders resulted in the community elite (teachers, artisans, shop-owners and local councillors) capturing the rights. Many bona fide fishers with limited literacy and numeracy skills were unable to comply with all the formal requirement of the rights allocation process.

In 2007, the courts granted an order requiring the government to develop a new small-scale fishing policy. This new policy was endorsed in 2012. Instead of being based on the principles of individual property rights, the focus was on collective rights granted to communities.

As with the US clam fishery, these examples suggest that, even when measures are put in place to try and avoid unwanted social impacts and retain an equitable distribution of benefits, catch share (rights based) schemes often fail to maintain social justice and the livelihoods of small-scale fishers and fishing communities.

A Confused Debate

Setting a total allowable catch and allocating rights can certainly be an effective way of ensuring the sustainability of a stock, provided that the level is appropriate, ongoing monitoring processes are well designed and there is compliance. Arguably, it is for this reason that many NGOs have convinced philanthropic investors of the merits of this approach. In the last decade, fisheries improvement projects in both the developed and the developing world have become big business; establishing “catch shares” is often a key selling point.

What is not always clear, however, is the extent to which these NGOs, in promoting “catch shares” are also advocating the allocation of private property rights in a market-based system. The language that distinguishes between this strict definition of “catch shares” and other approaches for ‘sharing the catch’ (which, of course, all systems must ultimately do) is terribly blurred.

Exploring this idea, Macinko (2014) argues that a tool (pre-assigned catch, i.e., catch shares) is being confused with an ideology (the sellable, but simplistic notion that private ownership promotes stewardship). everal social movements, for example, feared the now defunct Global Partnership for Oceans’ (GPOs) use of terms such as “community rights” reflected “a new euphemism and language strategy in pursuit of more private and individual access rights regimes.”

A more generous interpretation of the GPO terminology is that, after an early period of advocacy, the pitfalls of “catch shares” with respect to social outcomes were recognized and other ways of sharing the catch were acknowledged. The same interpretation can also be applied to NGOs currently involved in fisheries improvement projects around the world. The proof of that generosity will lie in the approaches that are adopted for inclusion of small-scale fishers. What should those approaches be?

Read the full story at CFOOD 

Bill targeting pirate fishing worldwide heads for presidential signature

October 22, 2015 — WASHINGTON — A bill aimed at taking down “pirate” fishing by keeping illegally caught fish out of U.S. ports is headed for President Barack Obama’s signature.

The Senate late Wednesday passed a bill aimed at giving the National Oceanic and Atmospheric Administration and the Coast Guard greater enforcement capabilities to combat illegal and unregulated fishing, a multibillion-dollar problem for Alaska and the U.S. fishing industry.

The bill, which brings together such unlikely bedfellows as Republican lawmakers and Greenpeace, passed the Senate by a unanimous vote. The House passed the same legislation in July.

The bill has the backing of the White House, which determined in 2014 that new legislation was needed to implement a port agreement requiring member countries to reject ships that have illegal product onboard. The European Union, Australia, Chile and New Zealand have signed on, among other countries. Ten more are needed to reach the 25 required before the agreement takes effect, according to environmental group Oceana.

“This important legislation, which imposes added sanctions on countries whose vessels engage in IUU fishing, would provide our authorities the tools they need to fight back against these global criminals and ensure millions of pounds of illegally caught product never reach market,” said Alaska Rep. Don Young, a Republican who co-sponsored the House version of the bill.

Read the full story at Alaska Dispatch News

 

 

Cuba launches shark protection plan produced with US group

October 21, 2015 — HAVANA (AP) — Cuba announced Wednesday that it is launching a long-term plan to preserve its sharks in cooperation with a U.S. environmental group, part of a rapidly accelerating partnership between the two countries aimed at preserving their shared waters in the Gulf of Mexico and Florida Straits.

Nearly a year after Presidents Barack Obama and Raul Castro announced that they would end a half-century of official hostility and start moving toward normalization, the most visible progress has been in the realm of environmental protection.

The shark plan announced by Cuba after two years of work with the U.S -based Environmental Defense Fund commits Cuba to recording shark catches by fishing vessels and eventually implementing stricter rules that would limit shark fishing and protect shark nurseries.

Secretary of State John Kerry announced in Valparaiso, Chile this month that the U.S. and Cuba were signing an accord to work together on protecting marine preservation areas in far western Cuba located a relatively short distance from Texas and Florida across the Gulf of Mexico and Florida Straits.

In April, a research vessel operated by the U.S. National Oceanic and Atmospheric Administration carried marine scientists from Cuba and other countries on a research cruise aimed at gathering information about the spawning of blue-fin tuna, a commercially valuable and highly threatened species.

Read the full story from the Associated Press at the New Bedford Standard – Times