Umami looks set to expand operations

A recent press release from Umami Sustainable Seafood Inc. has announced that the company is making progress towards financing for the fishing and growing seasons. Umami Sustainable Seafood Inc are a holding company of fish farming operations that supply sashimi-grade Northern Bluefin Tuna to the global market.

Recently the Company has been actively negotiating with multiple funding sources to secure short term financing for its seasonal farming. 

Upon the closing of approximately US$35 million (€24.289 million) in total net new funding, the Company is expected to have sufficient funds to complete its planned fishing for the season. The Company also expects that this US$35 million (€24.289 million) will provide the capital necessary for budgeted fish farming operations through the next harvest season, which would commence this coming October. Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers

African countries could be partners in aquaculture

The fish sector is of utmost importance but investment in aquaculture is very conditional in Africa

The Norwegian private sector has a great potential for good investments in terms of aquaculture, fisheries and fish processing. The purpose of this study is to provide relevant information for Norwegian companies interested in investment and/or joint ventures in African fisheries and aquaculture. The paper identifies potential investment projects and partners within the aquaculture, fish handling and processing sectors within selected African countries. 

The review of individual countries has revealed a wide range of features and characteristics:

• in almost all cases, the role of fish in food supplies and livelihoods is very important
• most fishery resources in the region are near or at full exploitation levels, and may be further threatened by overfishing
• progress in effective resource management is highly variable
• investment in adding value is very conditional on future management directions

The authors emphasis that strategies for fishery sector development and investment in the region need to ensure a workable balance between export earnings, national economic development and local welfare. Moreover, the following conclusions are demonstrated: Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers

Drop in temperature blamed for fish deaths

A sudden drop in temperature leading to oxygen depletion may have caused the death of 800 tonnes of fish in a lake south of Manila. The fish began to rot last week. The fish are being buried in Talisay and three other towns in Batangas province. Selling the fish has been prohibited, said Rose del Mundo of the Bureau of Fisheries and Aquatic Resources (BFAR).

The fish mortalities are said to be unrelated to recent signs of activity in the small Taal volcano near the lake, where many villagers have farmed milkfish and tilapia. On Monday, government volcanologist Allan Loza said magma might be emerging within the volcano, as 115 earthquakes were felt in Taal in the previous 24 hours, compared to an average of 10-15 daily earthquakes in recent weeks. Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers