Following significant disruptions caused by the COVID-19 pandemic and its impact on global supply chains, shrimp broodstock suppliers have redoubled their focus on the fast-growing shrimp market in Asia, according to Willem van der Pijl, the founder of consultancy Shrimp Insights.
India, Indonesia, Vietnam, and Thailand are major shrimp exporters; and Bangladesh, Sri Lanka, and the Philippines all have smaller but burgeoning shrimp sectors.
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Ocean 14 Capital Fund has signed an agreement to acquire a controlling stake in Singapore-based shrimp genetics company SyAqua from Golden Springs Group. The transaction is worth USD 12 million (EUR 12.5 million), according to Ocean 14, a Luxembourg-headquartered private equity impact investment firm ...
Photo courtesy of Ocean 14 Capital
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A dozen companies and brands have joined Responsible Seafood Sourcing, an initiative under USAID Fish Right formed between the U.S. and the Philippines to promote the growth and sale of sustainable seafood.
Responsible Seafood Sourcing (RSS) is a partnership between the United States Agency for International Development (USAID) and the Philippines Bureau of Fisheries and Aquatic Resources (BFAR), created in 2018 and running through 2023. USAID
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The Filipino tuna-fishing hub of General Santos City is struggling with the rapidly rising cost of diesel fuel, with local fishermen urging the government to assist the industry ...
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India has set a goal to double the value of its seafood exports to INR 1 trillion (USD 12.86 billion, EUR 12 billion) in the next five years …
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Vietnam’s leading shrimp company, Minh Phu Seafood, aims to almost double its net profit target this year as it plans to raise production and sales of shrimp to better server market demand.
The company hopes to earn a net profit of …
Photo courtesy of Minh
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Soc Trang, Vietnam-based shrimp exporter Fimex (Sao Ta) announced plans to invest VND 200 billion (USD 8.6 million, EUR 8 million) to acquire a new farming area – a move made after it entered into a strategic partnership with CP Foods’ Vietnam arm C.P. Vietnam …
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Thai Union has published its 2021 sustainability report to showcase its efforts in realizing its sustainability targets, including plans to decarbonize its operations.
In 2016, Thai Union introduced its global sustainability strategy, SeaChange, which contains measurable commitments to foster transformations across its operations and its supply chain.
Its latest report, released on 31 May, reviews the progress that Thai Union has made through
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The government of the Philippines has made the decision to allow an increased number of fish imports to address domestic supply issues and contain a hike in retail prices …
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Vietnam’s wild-caught seafood export value surged in April and the first four months of 2022 according to data released by the Vietnam Association of Seafood Exporters and Producers (VASEP).
The country exported wild-caught seafood worth USD 377 million (EUR 352 million) in April, a growth of 24 percent year-on-year …
Photo courtesy of Bui Ngoc Duy
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