Norway Archives - Page 7 of 9

Alaska salmon exports should fetch high prices this year

May 30, 2018 — Forces are aligned for a nice pay day for Alaska’s salmon fishermen.

There is no backlog from last season in cold storages, a lower harvest forecast is boosting demand, prices for competing farmed salmon have remained high all year and a devalued U.S. dollar makes Alaska salmon more appealing to foreign customers.

“Over the past year the dollar has weakened 11 percent against the euro, 9 percent against the British pound, 5 percent against the Japanese yen, and 7 percent against the Chinese yuan. That makes Alaska salmon and other seafood more affordable to those top overseas customers,” said Garrett Evridge, a fisheries analyst at the McDowell Group.

Last year, Alaska seafood exports set records in terms of volume and value — 1.1 billion metric tons valued at $3.45 billion. Alaska salmon accounted for 22 percent of the volume and 36 percent of the value.

On the home front, the weaker dollar will make imports from Chile, the largest farmed salmon importer to the U.S. followed by Norway, more expensive. That also will apply to imports of competing wild salmon from Canada where — if it materializes — a big sockeye run is predicted at nearby British Columbia.

Read the full story at National Fisherman

Financial outlook sunny for salmon fishermen, plus commercial salmon openers around Alaska

May 29, 2018 — Forces are aligned for a nice payday for Alaska’s salmon fishermen.

There is no backlog from last season in cold storages, a lower harvest forecast is boosting demand, prices for competing farmed salmon have remained high all year, and a devalued U.S. dollar makes Alaska salmon more appealing to foreign customers.

Last year Alaska seafood exports set records in terms of volume and value — 1.1 billion metric tons valued at $3.45 billion. Alaska salmon accounted for 22 percent of the volume and 36 percent of the value.

“About every four years we expect a relatively large harvest from the Fraser River run in B.C. In 2014 they produced about 83 million pounds of salmon and sockeye was the largest component,” Evridge said. “Likewise, a weaker dollar will make wild salmon imports from Russia and Japan more expensive for U.S. buyers.”

Russia, which had grown from a $10 million customer of primarily pink salmon roe to $60 million in 2013, has banned all imports of U.S. seafood since 2014. Meanwhile, that country continues to send millions of tons of salmon and other seafood into the U.S.

Read the full story at the Anchorage Daily News

Limiting the Spread of Disease in Farmed Salmon

March 14, 2018 — Currents in the ocean spread viruses that are killing large numbers of Norway’s farmed salmon. Where should fish farms be built? And should they all be in use at the same time? Researchers now know more about how to limit the virus problem.

Pancreas disease is a viral infection in farmed salmon that causes major economic losses because it reduces how much the fish grow and increases mortality. When farmed salmon are weakened, they also become more susceptible to other diseases. Pancreas disease (PD) can resolve on its own, but often mortality is high.

Researchers monitored the ocean currents in the Romsdalsfjord and in Nord- Trøndelag county in 2014. Data from the observations have been transferred to a digital model, where researchers then depicted virtual virus particles in order to understand how the disease can spread from one fish farm to another. In addition to threatening fish welfare, every year the disease leads to major losses for Norwegian salmon breeders. A single outbreak can quickly cost a small aquaculture operation more than $1 million.

Ocean currents are one of the most important pathways for the disease, carrying the virus from one fish farm to the next. Planning for where best to locate aquaculture facilities, and knowledge of which facilities to use when combatting the disease, can prevent the spread of the disease, new research from NTNU in Ålesund shows.

Read the full story at Maritime Executive

Recreational cod fishing to stay shut down in Gulf of Maine

February 2, 2018 — Fishing managers are recommending that cod remain off limits to recreational fishermen in the Gulf of Maine.

Cod were once harvested in colossal numbers from New England waters, but the population has collapsed in the Gulf of Maine and elsewhere. The New England Fishery Management Council is calling on the federal government to maintain a year-round ban on possession of Gulf of Maine cod by recreational fishermen.

Commercial fishermen are still allowed to catch cod in the Gulf of Maine, though quotas for the fish are so low that many try to avoid the fish altogether. Cod are widely used to make fish and chips.

Read the full story from the Associated Press at the Greenwich Time

Russia, U.S. and Other Nations Restrict Fishing in Thawing Arctic

December 1, 2017 — MOSCOW — Relations between Russia and the United States are in a deep freeze, but they share a looming common problem north of their Arctic coastlines — the prospect that commercial trawling fleets might overfish the thawing Arctic Ocean.

Out on the sea, the polar ice cap has been melting so quickly as global temperatures rise that once improbable ideas for commercial activities, including fishing near the North Pole, are becoming realistic.

While Russia, the United States and three other countries with Arctic coastline control the exclusive economic zones near their shores, overfishing in the international waters at the central Arctic Ocean could collapse fish stocks.

Whatever their disagreements elsewhere, the countries have a shared interest in protecting the high Arctic from such unregulated fishing, which could affect coastal stocks as well, conservationists say.

Read the full story at the New York Times

New partnership puts millions in play to fund aquaculture projects

September 22, 2017 — A new joint venture between a Wall Street firm and a Norwegian lender plans to make millions available for medium- and large-scale fishing and fish farming projects.

The effort between New York City-based Simpler Funding and Oslo, Norway’s Lighthouse Finance will bring the seafood sector access to an estimated $300 million to $400m annually via a method known as asset finance that serves as an alternative to conventional methods, the firms’ executives told Undercurrent News.

Traditional loans typically rely on a business’s physical assets as collateral, which can be repossessed and resold relatively easily in case of default. That works well for assets such as real estate, but investors without deep knowledge of an industry such as seafood are often reluctant to risk putting themselves in the position of repossessing collateral such as a recirculating aquaculture system (RAS) facility that they don’t know how to operate.

Asset finance

Asset finance works a bit differently. For an experienced aquaculture operator that wants to operate a RAS facility, for example, a corporation known as a special purpose vehicle (SPV) is formed to finance up to 100% of the cost of the asset’s construction. Outside investors fund the SPV, an independent entity that remains the owner of the RAS facility, which is then leased to the operator.

In Norway, where salmon farming has emerged as an economic force almost rivaling energy, Lighthouse CEO Roy Hoias said that he and colleagues in asset finance realized two things very quickly in the early days: That the industry was poised to grow quickly, and that that aquaculture wasn’t “the first choice for banks” and for traditional financing markets.

Read the full story at Undercurrent News

Nations Will Start Talks to Protect Fish of the High Seas

August 2, 2017 — UNITED NATIONS — More than half of the world’s oceans belong to no one, which often makes their riches ripe for plunder.

Now, countries around the world have taken the first step to protect the precious resources of the high seas. In late July, after two years of talks, diplomats at the United Nations recommended starting treaty negotiations to create marine protected areas in waters beyond national jurisdiction — and in turn, begin the high-stakes diplomatic jostling over how much to protect and how to enforce rules.

“The high seas are the biggest reserve of biodiversity on the planet,” Peter Thomson, the ambassador of Fiji and current president of the United Nations General Assembly, said in an interview after the negotiations. “We can’t continue in an ungoverned way if we are concerned about protecting biodiversity and protecting marine life.”

Without a new international system to regulate all human activity on the high seas, those international waters remain “a pirate zone,” Mr. Thomson said.

Lofty ambitions, though, are likely to collide with hard-knuckled diplomatic bargaining. Some countries resist the creation of a new governing body to regulate the high seas, arguing that existing regional organizations and rules are sufficient. The commercial interests are powerful. Russian and Norwegian vessels go to the high seas for krill fishing; Japanese and Chinese vessels go there for tuna. India and China are exploring the seabed in international waters for valuable minerals. Many countries are loath to adopt new rules that would constrain them.

Read the full story at the New York Times

Scandinavian biologists see threat in crossbreeding by American, European lobsters

June 7, 2017 — Scandinavian biologists say American and European lobsters are crossbreeding and their offspring can survive in European waters, but it is too early to tell if the hybrids can reproduce.

Susanne Eriksson of the University of Gothenberg in Sweden and Ann-Lisbeth Agnalt of the Institute of Marine Research in Norway presented their findings on the threat that American lobsters found in the northeast Atlantic Ocean pose to their smaller European cousins Tuesday during the second day of the International Conference and Workshop on Lobster Biology & Management in Portland.

“American scientists said your lobsters couldn’t survive in European waters, but we have proof they are not only surviving, but competing with the European lobster for food, shelter and mates,” Eriksson said. “They are crossbreeding, the hybrid eggs are hatching, and the larvae are surviving in our tanks, and in our oceans. We don’t know if they can reproduce yet, that’s a year or two away, but we know the males can produce sperm.”

Last year, Sweden asked the European Union to list the American lobster as an invasive species after scientists there found evidence of crossbreeding. The EU bans the import of invasive species, so a listing would have put an end to the $200 million annual export business. The evidence persuaded the forum of EU scientists who study alien species to support a ban, but not the EU politicians who must approve such a listing.

The EU said it might one day explore other protective measures that would not be so disruptive to trade if Sweden returns with further proof of an invasion.

That’s why Scandinavia is continuing to look at how American-European hybrids will fare in the northeast Atlantic, especially once they hit sexual maturity.

Read the full story at The Portland Press Herald

Cod Fishing Catches Plummet in Waters off New England

March 24, 2017 — ROCKPORT, Maine — The cod isn’t so sacred in New England anymore.

The fish-and-chips staple was once a critical piece of New England’s fishing industry, but catch is plummeting to all-time lows in the region. The decline of the fishery has made the U.S. reliant on foreign cod, and cod fish fillets and steaks purchased in American supermarkets and restaurants are now typically caught by Norway, Russia or Iceland in the north Atlantic.

In Maine, which is home to the country’s second-largest Atlantic cod fishery, the dwindling catch has many wondering if cod fishing is a thing of the past.

“It’s going to be more and more difficult for people to make this work,” said Maggie Raymond, executive director of the Associated Fisheries of Maine.

State records say 2016 was historically bad for cod fishing in Maine. Fishermen brought less than 170,000 pounds (77,110 kilograms) of the fish to land in the state last year.

Read the full story from the Associated Press at U.S. News & World Report

Norway’s Per Sandberg provides post-Brexit insight for the seafood sector

February 6, 2017 — Britain’s seafood industry will be radically transformed once it uncouples from the EU Common Fisheries Policy (CFP), with much more emphasis placed on establishing management agreements and eradicating trade barriers, according to Per Sandberg, the Norwegian Minister of Fisheries.

Sandberg, who has now held the minister position for 30 months, was in London to discuss his country’s fisheries management with delegates at a new whitefish conference organized by the Norwegian Seafood Council (NSC). In his speech, he shared tales of his experiences working alongside the CFP from the perspective of being a non-E.U. member state.

“Being outside the CFP has naturally had an effect on how fisheries management has developed in Norway,” he said. “Although we have a good record of cooperation with the EU, being outside opens the door to more adaptive fisheries management. For instance, if we find that a measure is not having a desired effect, we can just change it without lengthy procedures. This makes our decision making process simpler and more transparent.”

Sandburg also addressed Brexit and how it will affect Norway.

Read the full story at SeafoodSource.com