Chile salmon harvest drops on algal bloom; pelagic catch also drops
Chile’s fishing and aquaculture industries saw production declines across the board; with Atlantic farmed salmon dropping 8.6% on the outbreak of algal bloom in March
Peru calls an end to anchovy fishing season in center north
Peru’s government called an end to the first anchovy fishing season in the center-north area after established a smaller quota on reduced biomass due to El Nino
Exalmar landings plunge 75% after El Nino disrupts anchovy fishing season
Exalmar reported much lower catches and processing for the first half of 2016 after El Nino weather conditions disrupted the Peruvian anchovy season
Pacific Andes bankruptcy to stay in US court, for now
The bankruptcy filings of 16 entities related to China-based Pacific Andes Group will remain in a New York court for the time being, a judge has ruled
Four Chilean firms control 90% of horse mackerel quota
Four firms hold more than 90% of Chile's quotas to fish for horse mackerel, recent disclosures from the country's regulator suggest
Pacific Andes willing to meet lenders alleging fabrications of revenue, payments
Pacific Andes spokesman states court has approved joint chapter 11 motion, expresses willingness to meet with angry lenders
Citing stalled Peru sale, opposition to Pacific Andes’ bankruptcy mounts
Several of Pacific Andes' major lenders believe that the fishing conglomerate is improperly using US and Peruvian bankruptcy laws to 'derail' a planned sale of its Peruvian assets
Namsov managing director unexpectedly retires
Longtime managing director of Namibia’s Namsov Fishing Enterprises, Jan Arnold, has retired
With cash almost gone, Pacific Andes begins restructuring
With Pacific Andes group's cash nearly exhausted -- June 30 filings show just $227,600 available to pay its operating costs -- the firm begins an extensive restructuring
China Fishery chief restructuring officer resigns
Paul Brough has resigned as chief restructuring officer of Pacific Andes-owned China Fishery, with the company in chapter 11 bankruptcy protection in US