Punta Arenas, Chile-based salmon farmer Nova Austral, facing scrutiny from environmental regulators over past practices, is also having to deal with another issue: lack of cash.
In response, bond provider Nordic Trustee said Nova Austral has approached it and its bondholders for help with obtaining additional funding ...
Photo courtesy of Nova
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Salmones Aysén is facing a fine of up to CLP 10.8 billion (USD 11.5 million, EUR 11.7 million) for a September 2019 fish escape Chile’s Superintendency of the Environment (SMA) said was caused by the company's negligence.
SMA filed charges against Salmones Aysén for "noncompliance with the conditions, norms, and measures established in its environmental permit" in regard to a September 2019 fish escape at its
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A Chilean engineering firm is hoping to break through market barriers using a barrier of its own – specifically, a microbubble barrier solution for marine environments, including for salmon farms.
The firm, Low O2, offers diagnostic services and tailored solutions employing microbubble barriers, upwelling technologies, and other aeration systems which help to protect marine environments. Low O2 CEO Luis Sepulveda told SeafoodSource the
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Santiago, Chile-based FoodCorp, a supplier of seafood including fishmeal and fish oil, canned and frozen fish, and giant squid for direct and indirect human consumption, has become the first pelagic fish producer in the world to validate the traceability of the raw material it uses in fishmeal production via ORIVO’s laboratory.
Founded in 2014, Molde, Norway-based aquaculture feed ingredients laboratory ORIVO serves as an independent
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Chile’s salmon industry is once again on the defensive against a documentary as a new Greenpeace production has launched calling for an end to salmon farming in the Kawésqar National Reserve.
Greenpeace Chile launched the documentary, “Por Aquí No” (“Not Here”), on 28 September in theaters, with a T.V. debut on 6 October on the History Channel. The new documentary stars well-known local actors
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Chile’s Superintendency of the Environment (SMA) has opened a new sanctioning process against Australis Mar for exceeding the authorized production limits at one of its grow-out centers – the seventh such action taken by the environmental watchdog against the salmon-farming firm.
Australis Mar is a division of Puerto Varas, Chile-based Australis Seafoods, which was acquired in 2018 by Chinese foodservice giant Joyvio, a
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The Peruvian Chamber for Jumbo Flying Squid (Capecal) has signed an inter-institutional agreement with the Peruvian Sea Institute (Imarpe) for the promotion and sustainable development of the country’s jumbo squid fishery, while also promoting research of the species via the participation of artisanal fishers.
Peru is responsible for about 500,000 metric tons (MT) a year of the total 900,000 MT jumbo squid landed from the Pacific Ocean and
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Santiago, Chile-based seafood firm Camanchaca has rescheduled the revolving long-term financing it contracted with the banks DNB Bank, Rabobank, and Banco Santander Chile.
The newly signed agreement modifies its tranche B financing, awarded in November 2017, totalling USD 33.3 million (EUR 33.6 million), which is fully used and was slated to amortize in 2024. The new terms increase the company's tranche B financing to USD 40 million (EUR
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Chilean citizens overwhelmingly voted to reject a proposed new constitution on Sunday, 4 September, in a move that prevents further headaches for the country’s USD 5.2 billion (EUR 5.2 billion) salmon-farming sector.
According to Servel, Chile’s elections department, 4.86 million people voted to approve the proposed constitution, while 7.88 million rejected it, meaning the measure failed 61.9 percent to 38.1 percent.
The
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