Investment firm leader resigns over Namibia horse mackerel bribery scandal
James Hatuikulipi, who allegedly spearheaded the scheme, has stepped down from his post as managing director of the Namibia office for Investec Asset Management Africa
US rescinds all Thai GSP benefits for seafood, cites worker rights issues
Thai Union said the decision would not affect its business, since none of its products sold to the US are covered by the tariff-reduction scheme
Blumar, Multiexport begin construction of $40m plant in southern Chile
With construction underway, the firms hope that the joint venture, Entrevientos, in Punta Arenas, Chile, will have the plant in operation by the first quarter of 2020
Namibian authorities investigate claims $10m fish quota hijacked by politicians
A senior manager at Investec Asset Management, as well as the state-owned Fishcor, are under scrutiny for allegedly reselling fish quotas to international companies
South Nordic fisher takes ownership of 69-meter pelagic trawler
The 2,000t capacity Bommelfjord trawler has been delivered to its new owners, Eidesvik Havfiske, in southern Norway
Pesquera Camanchaca earnings slump with pelagic, salmon units both down
Pesquera Camanchaca, the parent company of Salmones Camanchaca, says revenue fell at both its fishing and salmon farming divisions
High farming costs, lower catches hit Blumar’s sales, earnings in Q2
In its earnings release, Blumar said its half-year earnings were being dragged down by issues on both the fishing and salmon farming sides of its business
Stronger preseason fishmeal inventories boost earnings, sales at Peru’s Exalmar
The company said its year-to-date sales have increased some 20% over the first six months of 2018
China Fishery trustee aims to sell $1.5m vessel as non-core asset sales wind down
The Pacific Hunter, a 219-foot trawler, will be sold to China FM Corporation for $1.5m, court documents state
Namibian mackerel firms at loggerheads with Icelandic firm over vessel sale
An Icelandic firm in the Samherji group is currently being sued by their Namibian partners over plans to sell a $28.6m mackerel vessel