Saving Seafood

Report urges lenders to price sustainability risks into seafood industry capital costs

October 21, 2019 — A new report from the nonprofit Planet Tracker is urging banks and investors to price the hidden risk of unsustainable operations by Japanese seafood companies into their lending decisions.

Planet Tracker is a project of Investor Watch, a nonprofit company with the goal of encouraging “impact investing,” or aligning capital markets with social and ecological sustainability. Mark Campanale, a co-founder of Investor Watch, formerly worked for asset management companies and was involved in the creation of several responsible investment funds. He also provided input to the current report.

Read the full story at Seafood Source

Japan gets red light on bluefin plan, gains more quota from Taiwan

September 10, 2019 — Japan’s proposal to increase its bluefin catch quota was rejected by the Western and Central Pacific Fisheries Commission (WCPFC) last week, Japan Times reported.

The annual meeting of WCPFC, which is responsible for setting Pacific bluefin catch limits, took place in Portland, US, from Sept. 4-6.

Japan and South Korea each sought a quota expansion, citing a recovery in stocks, a proposal that is opposed by conservation NGOs.

Given a recent recovery in Pacific bluefin tuna population, Japan sought a 20% expansion of its 4,882-metric-ton large bluefin tuna quota, and a 10% hike in the small fish quota of 4,007t.

Read the full story at Undercurrent News

Pacific Bluefin Tuna: Catch Could Increase in 2020

September 9, 2019 — The Western and Central Pacific Fisheries Commission (WCPFC) Northern Committee met in Portland, Oregon, last week to discuss two proposals to increase catch limits on Pacific bluefin. Despite continued overfishing of the depleted species, the Committee recommended changes to the Pacific bluefin management measure that will lead to an increase in catch for 2020. However, The Northern Committee will need to reconvene at the WCPFC annual meeting in December to officially adopt the outcomes of this meeting, as the meeting failed to reach the required quorum due to the absence of four members.

The Northern Committee recommended that next year, Chinese Taipei be allowed to transfer 300mt of their adult catch limit to Japan. All countries will also be able to roll over up to 17 percent of their 2019 quota to be used to increase their catch of both adult and juvenile fish in 2020. This means that Japan will be able to catch hundreds of tons of additional fish in 2020 from a stock that is at just 3.3 percent of its unfished size and is just two years into a 17-year rebuilding plan.

Read the full story at The Maritime Executive

Japan, South Korea compete to obtain higher Pacific bluefin quota at WCPFC meeting

September 5, 2019 — A rift between Japan and South Korea over increases in catch quotas for Pacific bluefin tuna is likely to put a spanner in the works at the current international conference to control tuna stocks Jiji Press reported.

The annual meeting of the Western and Central Pacific Fisheries Commission (WCPFC), which is responsible for setting Pacific bluefin catch limits, is taking place in Portland, US, from Sept. 4-6.

Japan and South Korea each seek a quota expansion, citing a recovery in stocks, a proposal that is opposed by conservation NGOs.

Read the full story at Undercurrent News

Japan study creates model showing potential threefold profit increase for fisheries

September 6, 2019 — A new study has discovered that a model optimizing Japanese catch levels for profitability could see a 3.5-fold increase in annual profits and a 30 percent increase in biomass.

The new study – “Alternative outcomes under different fisheries management policies: A bioeconomic analysis of Japanese fisheries” –will appear in the journal Marine Policy (October 2019, Article 103646) and compares modeled outcomes under different fishery management policies. The study is the first of its kind apply profit modeling to Japanese fisheries, and compares the model with a simply maximum sustainable yield (MSY) model.

Read the full story at Seafood Source

Pew seeks US, EU help in rejecting Japanese proposal for Pacific bluefin catch increase

August 29, 2019 — From 2-6 September, the Western and Central Pacific Fisheries Commission (WCPFC)’s Northern Committee will meet in Portland, Oregon, U.S.A., with proposals from Japan and South Korea for increased Pacific bluefin catch limits on the agenda.

Pacific bluefin is in the first few years of a recovery plan, which aims to restore the stock to 20 percent of its pre-fishing levels by 2034. Japan, citing a recovery in the stock of juvenile fish in 2017 and 2018, is calling for a quota increase of 10 percent for juvenile Pacific bluefin tuna (weighing less than 30 kilograms) and 20 percent for adult tuna. Last year, the Northern Committee rejected a similar proposal from Japan that would have raised the quota 15 percent across the board.

Read the full story at Seafood Source

US, Japan agree to outline of trade deal

August 26, 2019 — Japan and the United States have agreed in principle to an outline of a free trade agreement, with plans to complete it by September.

The announcement, which calls for negotiations on a bilateral trade deal, was made 25 August by Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump on the sidelines of the G7 meeting taking place in Biarritz, France.

Read the full story at Seafood Source

New study suggests Japan could sustainably increase profits by billions

August 21, 2019 — New research published Aug. 19 in the journal Marine Policy suggests Japan’s fishing fleets could generate an additional $5.5 billion in annual profits while supporting a 30% increase in populations of fish in Japan’s waters by 2065, if they adopt policies that promote conservation and offer fishermen the right incentives.

Authored by scientists at Environmental Defense Fund (EDF), Iwate University, Norwegian School of Economics, and Tokyo University of Marine Science and Technology, the study examines the potential effects of different approaches to managing Japan’s fisheries on catch, profits and the amounts of fish left in the water to support healthy ecosystems. The results suggest that adopting policies that incorporate science-based fisheries management into Japan’s current rights-based management system could increase profits compared to the status quo, the group said.

In December 2018 Japan passed the most significant reforms to its fisheries laws in 70 years. This new research could help shape the implementation of that law, EDF claimed.

Read the full story at Undercurrent News

Closed-cycle eel breeding advancing in Japan

August 2, 2019 — Japan’s Midsummer Day of the Ox, when it is traditional to eat eel to maintain stamina in the humid summer, fell on Saturday, 27 July, this year. Sales related to the day typically account for 30 to 40 percent of the country’s annual consumption of eel.

Japan’s catch of glass eels continues to decline, mostly due to the side-effects of dams and other river modifications, but closed-cycle breeding is advancing in the country. Overall, the sector is now achieving about a 10 percent survival rate.

Read the full story at Seafood Source