OSLO LAUNCHES SEAFOOD INDEX
THE Oslo Stock Exchange has this week launched a seafood index dedicated to investors buying and selling exchange traded notes within the fishing and fish farming industries. Both sectors are currently riding high, with shares of salmon farmers and other seafood firms rising by more than 20 per cent during the past few months – higher than any other industry. Marine Harvest, Austevoll Seafood, Bakkafrost, Grieg Seafood, Havfisk , Leroy, Norway Royal Salmon and Salmar will make up the new Oslo Bourse Seafood Index.
FIRE RAVAGED FISH PLANT TO BE REBUILT
A FISH plant in the town of Bay de Verde, Newfoundland, which was almost destroyed by fire this week, is to be rebuilt, the owners have pledged. The Quinlan brothers’ factory employs almost 700 people and its loss has shaken the area. But the owners have offered reassurance and said in a statement: ‘There has been a great loss of physical assets but all of it can be and will be replaced. The company is fully insured and it will rebuild at Bay de Verde as quickly as possible.’
It also said it can serve fish harvesters ‘as normal’ with back-up plans for processing. An investigation into the cause of the blaze is underway.
NEW FISH QUAY FOR DEVON PORT
THE Devon fishing and seaside town of Teignmouth has celebrated the opening of a new £1 million fish quay which is expected to give the industry a big lift. Local fishermen have welcomed the development, which is also designed to boost visitor tourism and leisure facilities. The new quay replaces and old wooden jetty. Devon County Council said the investment was good news for the town and the wider Devon area, adding that it was proud to be part of the project.
PEOPLE have expressed anger over the internet at photos of endangered hammerhead sharks being offered for sale at a fish market in the Chinese town of Sanya in Hainan Province. At least 100 scalloped hammerhead sharks were being sold for 30 yuan ($4.62) per kilogram at Sanya Fisheries Wharf. As a signatory to the Convention on International Trade Species of Wild Fauna and Flora (CITES), it is illegal to kill and trade hammerhead sharks in China without permission. Experts will be invited to investigate the source of the shark meat and prosecute the parties responsible in accordance with the relevant laws and regulations. Sanya Ocean and Fisheries bureau was notified about the fish market and a representative arrived in the afternoon to confiscate the remaining shark meat