Saving Seafood

Financing aquaculture: The cash is there, but information is lacking

July 18, 2018 — Finance can “drive change on the water,” according to Neil Sims at Kampachi Worldwide Holdings. But for aquaculture projects, it’s still hard to come by.

Speaking at the SeaWeb Seafood Summit in Barcelona, Spain in June, Sims told the story of his company. He said it took 10 years to raise enough funds to initiate his marine aquaculture project in Hawaii. There was a temptation to put one pen out while he raised the rest of the cash.

“But that would be throwing money down the rat hole,” he said. “In mariculture you need scale, you need to have the cash together.”

There’s plenty of money waiting to invest in aquaculture, according to Trip O’Shea, vice president at New York, U.S.A.-based investment house Encourage Capital. But first the sector needs to offer would-be investors data and models to profitability.

“There are several pillars of sustainable development but where is financial sustainability on the list? Otherwise how do we get it off the ground?” he said. “We need a set of principles for aquaculture investment, so that investors can quickly understand what to benchmark to. Right now there are so many metrics quoted. We have to compare apples to apples.”

O’Shea cited feed conversion ratios as an example.

Read the full story at Seafood Source

Hundreds of seafood stakeholders heading to Spain to tackle top sustainability issues

June 11, 2018 — Barcelona, Spain will play host to more than 100 speakers and even more attendees from across the sustainable seafood movement for this year’s SeaWeb Seafood Summit, occurring from 18 to 21 June at the Hotel Arts.

Over the course of up to five days, summit speakers and registered attendees – including global representatives from the seafood industry, the conservation community, retail/foodservice, academia, government and the media – will convene to learn, network, and problem solve, said Diversified Communications, which produces the summit in partnership with SeaWeb.

“This year, we’ve expanded interactive formats across more sessions,” said Brenna Hensley, event director for Diversified Communications. “This forum vastly benefits from wide participation and input from diverse stakeholders.”

The educational sessions planned for the summit are formatted as “engagement-driven panels or workshops,” explained Diversified, and aim to unpack and troubleshoot challenging and emerging issues within the seafood sustainability oceanscape.

The event will feature several plenary and panel discussions, including the opening session set to take place on Tuesday, 19 June at 11:15 a.m.: “Is Spain Really as Important as the Global Seafood Sustainability Movement Believes?” During this kickoff plenary, “panelists will examine the key factors that explain and drive the success of the global seafood sustainability movement through the lens of global consumer appetite for mature (whitefish, small shrimps, salmon, cold water crabs) and non-mature (octopus and squid) markets,” Diversified said in a press release.

Such discussions will continue to heat up on Wednesday, 20 June, when the plenary “Building Socially Responsible Seafood Supply Chains Through Worker Voice,” is scheduled to take place. The session will involve a “dynamic, multi-stakeholder “ perspective on the concept of worker voice, covering why worker voice is important and how to incorporate it into seafood supply chains.

Read the full story at Seafood Source

Fair Trade certification picks up steam and accolades in 2018

April 18, 2018 — North American certifier Fair Trade USA has experienced a great deal of growth since its inception in 2014, with even more expansion on the way for 2018, the organization announced on 16 April.

To date, Fair Trade has certified more than 6,000 fishermen and seafood supply chain workers under its Capture Fisheries Standard, and has been selected as a SeaWeb Seafood Champion Awards finalist for its visionary approach to seafood sustainability.

The certification body applies what it refers to as an “innovative model of responsible business and conscious consumption” that “enables sustainable livelihoods for fishermen, workers, and their families around the world.” Fair Trade participants are empowered to improve their communities via the model by way of the Fair Trade Premium, which constitutes additional income earned for every pound of Fair Trade-certified seafood sold, the organization explained.

Read the full story at Seafood Source

 

2017 SeaWeb Seafood Summit packs a sustainable, newsy punch

June 19, 2017 — The 2017 SeaWeb Seafood Summit, which took place 5 to 7 June in Seattle, Washington, U.S.A., brought together more than 580 global representatives of the seafood industry, the conservation community, academia, government, and the media for in-depth discussions, presentations and networking around the issue of sustainable seafood.

Here’s a review of the news that was made at this year’s summit:

A major topic of discussion at the conference was pre-competitive collaboration, with several panels and keynotes approaching the issues from different angles. In the pre-conference on Sunday, 4 June, attendees heard from Nira Desai, the director of strategy and learning for the World Cocoa, a key player in the development of CocoaAction, a sustainability movement in the cocoa industry:

Cocoa industry offers seafood a crash course in pre-competitive collaboration

Pre-competitive collaboration will also play a key role in the future of global aquaculture, according to experts at the conference:

Success of “blue revolution” will depend heavily on pre-competitive collaboration, seafood experts say

In other big news for aquaculture, on Monday, 5 June, Seafood Watch upgraded farmed salmon certified by the Aquaculture Stewardship Council to its “Good Alternative” rating, marked “a watershed moment for the sustainability credentials of farmed salmon”:

Seafood Watch upgrades ASC-certified farmed salmon to “Good Alternative”

Later on Monday, 5 June, the 2017 Seafood Champion Awards were handed out at a ceremony in Chihuly Gardens in Seattle. SeafoodSource profiled each of this year’s winners:

Read the full story at Seafood Source

Ray Hilborn: World fish stocks stable

June 12, 2017 — Speaking at the SeaWeb Seafood Summit on Wednesday, 7 June in Seattle, Washington, U.S.A., University of Washington fisheries researcher Ray Hilborn said the perception that the world’s fish stocks are declining is incorrect, and that fishing could sustainably be stepped up in areas with good management.

Hilborn pointed to figures from the RAM Legacy Stock Assessment Database that indicate that fish stocks dipped through the last part of the 20th century, but have since recovered in many fisheries.

“There is a very broad perception that fish stocks around the world are declining. Many news coverages in the media will always begin with ‘fish stocks in the world are declining.’ And this simply isn’t true. They are increasing in many places and in fact, globally, the best assessments are that fish stocks are actually stable and probably increasing on average now,” Hilborn said.

The RAM Legacy Database collects information on all the stocks in the world that have been scientifically assessed, which is a little more than half of the world’s catch.

“What we don’t really know about is the big fisheries in Asia, in the sense that we don’t have scientific assessments of the trends in abundance,” Hilborn said.

He added that the general consensus is that the status of those stocks is poor, a result of, among other things, poor fisheries management, reinforcing surveys that have shown a direct correlation between high stock abundance and high intensity of management.

“For most of the developed world fisheries’ management is quite intense, and South and Southeast Asia stand out as really not having much in the way of fisheries’ management systems, particularly any form a enforcement of regulations, if regulations exists,” he said.

But in much of the developed world, Hilborn said fish stocks are robust, even when they sometimes get labeled as overfished.

Read the full story at Seafood Source

Success of Alaska Pollock Fishery is focus of SeaWeb Seafood Summit Panel

SEATTLE (Saving Seafood) — June 7, 2017 — The success of the industrial pollock fishery in the Eastern Bering Sea, which generally harvests in excess of one million metric tons each year, was the focus of a panel at the SeaWeb Seafood Summit on Tuesday. The panel, “Moving Beyond Fishery Certification: Using Collaboration, Technology and Innovation to Further Improve Sustainability” was moderated by Tim Fitzgerald of the Environmental Defense Fund. Panelists were Allen Kimball of Trident Seafoods, Richard Draves of American Seafoods, and Karl Bratvold of Starbound LLC. Trident Seafoods is a large, vertically integrated company, which processes Alaska pollock at shoreside facilities. Vessels owned by Starbound and American Seafoods harvest and process Alaska pollock at sea.

Panelists discussed the development of the Alaska pollock fishery: from before extended jurisdiction through the period of transition to a fully domestic fishery, to the years before rationalization when catcher-processors and catcher vessels competed in an Olympic-style race for fish, to the advent of an effective and efficient enterprise with the establishment of catch shares under the American Fisheries Act (AFA). Under the AFA, quota share is permanently allocated between the at sea and shoreside processing sectors, and among cooperatives (groups of fishing companies) within each sector. AFA provisions encourage cooperation and collaboration within and between sectors and cooperatives, which has brought about many improvements.

Examples of successful collaboration and cooperation include avoidance of salmon bycatch, which is facilitated by comprehensive observer coverage, daily electronic communication of catch and bycatch information that is shared across the fishery, and binding agreements that require vessels to relocate to avoid bycatch or suffer substantive financial penalties. Similarly, collaboration on development of selective gear, development of gear with reduced drag, and other shared innovations have been effective in reducing bycatch and greenhouse gas emissions, and increasing operating efficiency. All of the panelists highlighted their commitment to science-based management, their support for federal government science, and the extent to which they collectively fund scientific research. They also spoke about the importance and value associated with Marine Stewardship Council (MSC) certification.

Additionally, the panelists emphasized the extent to which rationalization through catch shares has improved the harvesting and processing processes, as well as increased safety and operational efficiency.

This session told the story of Alaska pollock and illustrated the benefits of a well crafted and well implemented catch share program, as well as MSC certification. Other fisheries can learn from this experience, but it’s important to note that this is not a “one size fits all” solution that is immediately applicable in all types and scales of fisheries.

Ray Hilborn, others launch I-FIN, a new fisheries data network

June 7, 2017 — A new scientific advisory group called International Fisheries Information Network (I-FIN) is refuting a commonly held belief that all fisheries are in decline.

I-FIN believes that there are highly sustainable fisheries in the developed world and that lessons from those fisheries can be used to improve fisheries in the developing world, according to Saving Seafood, a news and advocacy organization for the U.S. domestic seafood industry.

The group is headed by internationally recognized marine scientists, economists, and fisheries managers and launched ahead of this year’s SeaWeb Seafood Summit in Seattle, Washington, U.S.A.

I-FIN has set an ambitious goal of being a global clearinghouse for information concerning how fisheries are managed, which management styles are successful and how those successes can be adopted to create a more sustainable global fishery, according to its mission statement.

Read the full story at Seafood Source

SeaWeb Seafood Summit Panel Tackles Impact of Climate Change on Fisheries and Aquaculture

SEATTLE (Saving Seafood) — June 7, 2017 — Conference sessions on climate change generally include lots of tables and figures illustrating projected changes in greenhouse gas emissions, ocean temperatures, ocean pH, etc. under a range of scenarios. But while projections were discussed at Monday’s session on climate change at the SeaWeb Seafood Summit, “Adaptation and Infrastructure: Fisheries and Aquaculture in a Changing Climate,” the panel emphasized the reality that we are already seeing marine ecosystem changes, and that these changes can only be expected to become more severe. In different ways, each of the four speakers began with this premise, and discussed strategies for adaptation.

Two of the speakers, John Norgren of the Climate Resilience Foundation and Lara Hansen of EcoAdapt, spoke directly to the strategic challenges posed by climate change. Mr. Norgren discussed the process of initiating and maintaining change; the need to be intentional and holistic; and the importance of considering human dimensions and responses, both to change itself and to actions intended to address climate change. He highlighted issues such as changing baselines (when the past is a poor predictor of the future), the importance of monitoring and adjusting approaches, and the value of online resources.

While similarly concerned with strategy, Ms. Hansen focused on the marine sectors and fisheries. She spoke about adaptation strategies, changes in distribution and abundance of fish stocks, and concerns about future access to ports and processing facilities. She drew the audience’s attention to work by NOAA and other agencies on the vulnerability of marine populations and coastal communities to climate change. Ms. Hansen emphasized the importance of building capacity, addressing broad policy challenges, establishing priorities for conservation and natural resource management, and the necessity of fully recognizing infrastructure needs in the planning process. She shared a positive outlook on processes already underway as well as future opportunities, and recommended two important online sources: The State of Climate Adaptation in U.S. Marine Fisheries Management and the Climate Adaptation Knowledge Exchange.

Bob Young of the Center for Developed Shorelines at Western Carolina University spoke about failures by the U.S. government to rebuild and protect eroding shorelines. With sea level rise and increasing storm activity, shoreline erosion will only increase. Across the U.S., but especially along the East Coast and Gulf of Mexico, erosion and retreat of shoreline has been addressed through beach nourishment, which moves large quantities of sand from offshore to replace sand lost at the shoreline. This destroys benthic habitat. Furthermore, rebuilding coastal infrastructure following major storms precludes any possibility of allowing marsh and wetland development inshore of the current coastline, as would occur naturally. Ultimately, important nursery areas for marine stocks are lost, and coastal fish stocks and fisheries are harmed. Mr. Young emphasized the need for greater understanding and awareness of this process, which is greatly exacerbated by climate change.

Joseph Gellins of the Port of Seattle spoke about the Port’s strategies and actions to address climate change. He described the engineering and hydrological challenges associated with increased storm surges and sea-level rise and how this is taken into account in daily operations and future planning. He discussed the importance of tracking how other Pacific Rim ports, many of which are trading partners, adapt to the impacts of climate change, since changes to these ports could directly impact operational demands on the Port of Seattle itself. He also mentioned the importance of Seattle as a home port for many Alaskan fishing fleets, although one member of the audience pointed out that many of these vessels dock at Fishermen’s Terminal, which is protected from seal level change by the sea locks between Puget Sound and Lake Union.

Even though the audience for the climate change session was small, an energetic discussion followed. The conversation addressed topics like the impact of climate change on fish stocks and ecosystem dynamics, including the potential consequence of reduced catch levels due to reduced productivity and increased uncertainty. An audience member also raised, and the panel discussed, the impact of shifting distributions on regional fisheries, and the associated need to adjust regional and fleet allocations of harvested stocks.

US, Japan, Spain focus of new Walton Family Foundation markets strategy

June 6, 2017 — The Walton Family Foundation will focus its efforts to improve seafood sustainability on the demand side of the global market, concentrating its efforts on the United States, Japan and Spain, the organization announced at the SeaWeb Seafood Summit in Seattle, Washington on 4 June.

The U.S., Japan and Spain together import more than two-thirds of the world’s globally traded seafood products, and are all major destinations for seafood from the five countries the foundation has targeted in its supply-side sustainability efforts.

“This strategy is about following the flow of fish and dollars from Indonesia, the United States, Mexico, Chile and Peru to those markets where those fish are bought and sold,” said Teresa Ish, the foundation’s Ocean Initiative program officer.

The foundation, created by Walmart founders Sam and Helen Walton, announced in September 2016 that it would commit USD 250 million (EUR 224 million) to marine conservation efforts in those five countries. The focus of the WFF efforts will be to “ensure that the important policies of these major seafood markets helps level the playing field for lagging actors across the industry who haven’t seen that the future of fishing needs to be sustainable, as well as the major producing countries who are putting short-term resource use ahead of the long-term sustainability of their industry,” Ish said.

In 2016, the United States imported around USD 2.2 billion (EUR 2 billion) in seafood products from Chile, Indonesia, Mexico and Peru, while Japan imported USD 1.1 billion (EUR 976 million) and Spain brought in USD 290 million (EUR 258 million) in seafood from those four countries combined.

“Our markets approach aims to encourage industry to make investments – of money, time, staffing and brainpower – that raise incomes and improve the quality of life for individual fishermen and fishing communities in these countries,” the foundation said in its report, distributed at SeaWeb.

Read the full story at Seafood Source

Meet the 5 Seafood Champions of 2017

June 6, 2017 — Ned Bell, the Ocean Wise executive chef at Vancouver Aquarium, founded Chefs for Oceans in 2014 to raise awareness about sustainable seafood.

The organization is “creating a movement that is impacting the way people think about the seafood they eat,” according to Bell’s nomination as a Seafood Champion finalist in March 2017.

On Monday, 5 June, Bell was named one of the winners of the Seafood Champion Awards for Advocacy (the award will be shared with the International Pole & Line Foundation).

“I am so honored to be considered a seafood champion,” Bell told SeafoodSource. “I’m a proud of being a chef, and my community is the one I want to engage.”

Prior to working at the Vancouver Aquarium, Bell was the head chef at Lumiere and at YEW Kitchen in the Four Seasons, both highly regarded restaurants in Vancouver. In both restaurants, Bell championed local and sustainable seafood.

“Ned’s vibrant personality, infectious enthusiasm and commitment to improving the health of Canada’s lakes, oceans, and rivers have made a significant impact on those around him,” Four Seasons Vancouver General Manager Martin Sinclair said.

Read the full story at Seafood Source