Latest Fishing News
13-19 April 2021
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Milestone Reaches As China Assigns First On-Board Observers to Distant-Water Fishing Vessel
Five Chinese government-appointed observers have departed a Chinese port onboard a reefer, in what is potentially a major development for China’s governance of its distant-water fleet.
The five observers, appointed by China's Agriculture Ministry, are the first such observers to travel on Chinese fishing vessels, according to the ministry. They are now travelling on the transport ship to the Pacific and Indian oceans to ensure that “no illegal catches” are taken, according to a statement from the ministry.
A ceremony marking the observers’ departure in Rongcheng, Shandong Province, was co-hosted by the Agriculture Ministry’s Fisheries Management Office, along with the Distant Water Fishing Association. Also represented at the ceremony was the Fujian office of the Ocean and Fisheries Bureau and the Dalian Ocean University. Neither the vessel’s name nor its owner were disclosed. Continue reading here (Source: SeafoodSource).
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Study on Illegal Fishing in the WPS Nearly Complete
Agriculture Secretary William D. Dar said the Bureau of Fisheries and Aquatic Resources (BFAR) is already finalizing its study on the ongoing illegal, unregulated, unreported fishing (IUUF) in the West Philippine Sea, which involves poachers from China, Taiwan and Vietnam, among others.
“The Department of Agriculture through the Bureau of Fisheries and Aquatic Resources [DA-BFAR] looks at the ‘West Philippine Sea issue’ in general terms, that is, in the area of Illegal, Unregulated, Unreported Fishing [IUUF] activities by poachers—be they from China, Taiwan and Vietnam—and their ‘illegal presence’ wherever in the Philippine exclusive economic zone [EEZ], or simply within our country’s territorial waters,” Dar said in a statement on Monday. Continue reading here (Source: Business Mirror).
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How COVID-19 Affects the Fishing Industry
The global seafood market is a huge industry that employs millions of people. Valued at $159 billion in 2019, it will grow to almost $200 billion by 2027. The system is a network of formal and informal producers and distributors, retailers and consumers. In low-income countries, the fishing industry is especially important as a way to reduce poverty. Developing countries employ 97% of the people, directly and indirectly, working in the fishing industry. About 90% of the fishing workforce are small-scale fishermen. By exporting seafood, low-income countries can boost their economies through the oceanic sector. The fishing industry also helps to increase nutrition and food security for the impoverished. Unfortunately, COVID-19 has devastated the fishing industry, just as it has most other industries. Continue reading here (Source: Borgen Magazine).
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Ecuador's Shock Presidential Election Result May Save Its Oil Industry
Ecuador’s beaten-down petroleum industry has been struggling to recover from a savage 2020 where pipeline failures, the COVID-19 pandemic, corruption scandals, and heightened political uncertainty sharply impacted operations. There were fears that the presidential elections would see poll favorite socialist economist Andres Arauz, the protégé of former President Rafael Correa, emerge victorious from the runoff held on Sunday. Polls, only last week, indicated that Arauz was the leading candidate going into the presidential runoff against conservative candidate Guillermo Lasso. Correa’s protégé made it clear he was opposed to outgoing President Lenin Moreno’s oil industry reforms and would block the privatization of the Esmeraldas refinery, Ecuador’s largest. Continue reading here (Source: OilPrice).
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FAO: Fiji Used as Base for Foreign Fleets
Foreign fleets use Fiji as a base of operations and target highly sought after species like albacore tuna, states a report by the United Nations Food and Agriculture Organization.
The report, Electronic Monitoring in Tuna Fisheries, stated albacore tuna found in the South Pacific was of great importance to the long line fishery in Fiji.
“Fiji is rather unique in the region as the longline fleet is a domestic, unsubsidised fleet, consisting mostly of locally owned vessels,” the report read. Continue reading here (Source: The Fiji Times).
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US Tuna Fisheries: Nexus of Climate Change, Sustainable Seafood
Fisheries in the United States are among the best managed in the world, thanks to ongoing efforts to fish selectively, end overfishing, and rebuild fish stocks. But climate change could bring dramatic changes in the marine environment that threaten seafood productivity and sustainability. That's one reason why researchers set out to broaden the conversation about sustainability in seafood by comparing the carbon emissions of different tuna fishing practices.
The paper also puts those emissions in context relative to other sources of protein, like tofu, chicken, pork, or beef. In particular, the study examined how the carbon footprint of tuna was affected by how far from shore fishing fleets operated, or what type of fishing gear they used. Continue reading here (Source: ScienceDaily).
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Current MGO Price Indications
*Prices are indications only.
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USD1.97/gallon | USD520/KL |
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USD2.01/gallon | USD529/KL |
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USD1.79/gallon | USD473/KL |
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USD1.74/gallon | USD459/KL |
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USD2.25/gallon | USD596/KL |
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USD2.11/gallon | USD559/KL |
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USD2.63/gallon | USD695/KL |
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USD2.32/gallon | USD613/KL |
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USD1.98/gallon | USD524/KL |
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