Peruvian fishermen want fixed anchovy price
According to fishermen, the international price of fishmeal has reached $2,370/t, the highest in value in the last ten years
Credit insurers pull coverage on Pacific Andes, Pickenpack over unpaid pollock invoices
US pollock sellers chase payments from Pacific Andes, as major credit insurance firms are no longer offering coverage on Pickenpack or its part owner, which is in the midst of a crisis with its China Fishery subsidiary
Moody’s: Complex China Fishery debt restructure will lead to credit crunch, erosion of assets
Move by HSBC likely to lead to crunch on credit for the group, which will cause asset erosion and possible lower returns for bondholders, says ratings agency
Camanchaca’s salmon ops in red ‘entirely due to lower prices’
The Chilean company posts loss of $13m in the first nine months of the year for its salmon unit, as fishing business reports profit of $2.1m
Clock ticking on Ng family’s control of debt-laden China Fishery
Process triggered by appointment of KPMG as provisional liquidators of China Fishery, after HSBC court filing, means acceleration of debt payments could be imminent
S&P: Lower Peru anchovy quota means China Fishery cash flow recovery ‘unlikely’
After it emerges a Hong Kong court has appointed provisional liquidators from KPMG, S&P downgrades China Fishery
Court appoints provisional liquidators for China Fishery
Peru reduces chance of ‘extraordinary’ El Nino
Enfen has reduced its forecast on the likelihood of an extraordinarily strong El Nino during the Peruvian summer season, from 55% to 50%
Blumar in red on lower fishing sales, salmon prices
Chilean catcher and aquaculture producer reported a loss of $8.21m in Q3 2015, due to falling salmon prices and lower revenues from its fishing unit
Grobest ‘ready’ for IPO, but high fishmeal prices remain a concern
The Taiwanese fish feed player confirmed that it is weighing up an IPO, but high fishmeal prices top agenda