Trondheim, Norway – August 19, 2015, 10:00 CET: At today’s AquaNor 2015 conference in Norway, participating members of the Global Salmon Initiative (GSI), in partnership with their industry feed company associates, announced the launch of an innovative global tender. The pioneering tender invites organizations interested to develop novel oils high in Omega-3 for fish farming, to share their proposals to supply participating GSI members with a minimum of 25,000 tons of novel oil annually for a minimum of two years. These additional resources will significantly increase the availability of Omega-3 rich oils, and support the sustainable use of marine oils in fish feed. “By working together to resolve industry-wide issues, the GSI is demonstrating how collaboration can lead to innovative solutions. We are pleased to see the GSI members working proactively in the search for resources needed to ensure a sustainable future for the industry and to provide sustainable sources of protein,” said Doris Soto, Senior Aquaculture Officer at the Food and Agriculture Organization of the United Nations. Continue reading GSI members announce tender for novel Omega-3 source; Global tender sought for 25,000t of novel oils for a minimum of two years
To mark World Environment Day the Global Salmon Initiative (GSI) today (June 5, 2015) launched its inaugural Sustainability Report at the Economist’s World Ocean Summit (WOS) 2015 in Lisbon, Portugal. The landmark report showcases key environmental and social data across all 14 GSI member companies. This is the first time a global food sector has collectively reported on sustainability performance indicators in such a transparent manner. “The launch of GSI’s Sustainability Report demonstrates the group’s leadership in creating greater transparency across the aquaculture sector. It is a remarkable achievement that they have developed this collective reporting platform, and we strongly encourage other production sectors and platforms to follow suit”, said Piers Hart, Global Lead for Aquaculture at WWF. Continue reading GLOBAL Salmon Initiative launches inaugural & collective sustainability reporting: KPIs per country & per GSI-member firm
Below are some selected quotes from the speakers at the North Atlantic Seafood Forum (NASF), held in Bergen, Norway, last week (March 3-5, 2015) attended by ~650 delegates from 35 countries and 300 firms: Continue reading ‘Best of’ North Atlantic Seafood Forum 2015 quotes, organized by topics
Paine & Partners LLC, a global private equity investment firm focused on investing in food and agribusiness, announced on January 6, 2015, the final closing of Paine & Partners Capital Fund IV, L.P. (“Fund IV”) at $893 million in capital commitments. Fund IV’s investor base has expanded to include new regions, including the Middle East, and continues to experience high participation rates from endowments and family offices. The owner of (among others) Seattle’s Icicle Seafood and Norwegian-based Scanbio Group has aquaculture/salmon farming ambitions. In November, it recruited the former CEO of Børs-listed Norway Royal Salmon (NRS), John Binde, as an Operating Director whose task is now to identify new investment opportunities.
Continue reading PAINE & Partners’ Fund IV oversubscribed at $893 million: Ambitions to become “the premier platform for agribusiness investment”
The Oslo Stock Exchange (OSE, aka ‘the Børs’)’s seafood index comprising 11 seafood (predominantly farmed salmon*) firms outperformed all other listed-sectors in 2014 (the oil sector still registered a 5% growth despite the historic drop in oil prices…). The Seafood Index rose by ~46%.”Despite the Russian boycott, the share price of several salmon companies, such as Bakkafrost and SalMar, rose by more than 80%,” noted OSE. The world’s n°1 salmon firm Marine Harvest saw the value of its share rise by over 55% in 2014. Hofseth BioCare is the only seafood-associated firm which performed negatively (-44.9%). The overall market cap. of the Seafood Index firms amounted to ~NOK 98 billion, without considering that of newly Mistubishi-acquired Cermaq which was delisted on November 14, 2014; nor that of NTS.