SeaFood Business

MAR 2014

SeaFood Business is the global trusted authority for seafood buyers and sellers. We are the seafood industry's leading trade magazine with more than 30 years of experience. Our coverage is based on the "business" of buying and selling seafood.

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News Recap Direct QUOTE [Bacteria] have been around for 3 billion-plus years. It's a pretty good indication of success. — Stephen Newman, president and CEO, Aquaintech (see Top Story, page 28) 10 SeaFood Business March 2014 For updated NEWS, go to www.SeafoodSource.com A report from the World Bank, the U.N. Food and Agricul- ture Organization (FAO), and the International Food Policy Research Institute (IFPRI) reafrmed a pre- vious statement by the FAO about the world's need for seafood in the future, and the role aquaculture will have in providing it. Te report, titled "Fish to 2030: Prospects for Fisheries and Aqua- culture," predicts the state of world trade over the next 16 years and concludes that by 2030 aquaculture will provide close to two-thirds of global food fsh consumption. Te report cites "an emerging global middle class, especially in China" as the reason for a predicted increase in demand for seafood. Asia, according to the report, is expected to make up 70 percent of global fsh consumption by 2030. Even sub-Saharan Africa's popula- tion is expected to grow enough to see a 30 percent rise in total fsh consumption in the region. "With the world's population pre- dicted to increase to 9 billion people by 2050 — particularly in areas that have high rates of food insecurity — aquaculture, if responsibly devel- oped and practiced, can make a sig- nifcant contribution to global food security and economic growth," said Árni Mathiesen, assistant director- general of FAO's Fisheries and Aquaculture Department. Similar trends in aquaculture point to tilapia, carp and catfsh being important growth species leading up to 2030, according to Siwa Msangi of IFPRI, one of the report's authors. "Comparing this study to a simi- lar study we did in 2003, we can see that growth in aquaculture produc- tion has been stronger than what we thought," Msangi said. Juergen Voegele, the World Bank's director of agriculture and environmental services, said the predicted trends mean that aqua- culture providers need to begin working today on ensuring that sea- food production is done sustainably and efciently. "Supplying fsh sustainably — producing it without depleting productive natural resources and without damaging the precious aquatic environment — is a huge challenge," he said. "We continue to see excessive and irresponsible harvesting in capture fsheries and in aquaculture, disease outbreaks among other things, have heavily impacted production. If countries can get their resource management right, they will be well placed to beneft from the changing trade environment." — Sean Murphy In BRIEF The British Retail Consortium (BRC) awarded Cox's Wholesale Seafood of Tampa, Fla., an "A" rating, the highest grade available. The BRC global standard is a leading Global Food Safety Initiative benchmark. Channel Fish Processing also achieved BRC certifcation for fresh seafood processing and frozen value-added seafood in its Boston facility. The family seafood business processes fresh and refreshed groundfsh fllets, scallops and value- added products. Construction is underway on a 2.7-million-cubic-foot expansion of Henningsen Cold Storage's Portland, Ore., operation. Originally built in 2008, the facility is a distribution center and manufacturing support for many companies requiring frozen and refrigerated warehousing services in the Pacifc Northwest. As part of recent successful efforts to encourage the U.S. Department of Agriculture to expand efforts to provide more protein to food banks and affliates nationwide, Alaska Sen. Lisa Murkowski announced $20 million will be used to purchase canned pink Alaska salmon for Americans. To alert women that prevention of heart disease should be a top priority — and to promote the heart-health benefts of seafood consumption — Seafood Nutrition Partnership collaborated with the National Institutes of Health program The Heart Truth® and Sister to Sister: The Women's Heart Health Foundation on a public service message for American Heart Month in February. David Roux, co-founder of technology investment frm Silver Lake, made a substantial investment in Bristol Seafood in Portland, Maine. "This investment will further enhance our ability to deliver safe and high quality sustainable seafood to our customers," says Darrell Pardy, Bristol president and co-founder. The new capital will expand Bristol's product line, open a second production facility in southern Maine, and grow its distribution system. Starfsh, owned by Pacifc Seafood of Clackamas, Ore., received verifcation from the Non-GMO Project for three of its gluten-free battered products: cod, haddock and halibut. The Non-GMO Project is a nonproft organization offering third-party verifcation and labeling for products without genetically modifed ingredients. WASHINGTON, D.C. Report: Aquaculture key to feeding a growing population Snap SHOTS Speedy delivery: This 1912 photo shows the Clay Street offce of Union Fish Co. in San Francisco. Union was founded in 1864, with one of the frst salt cod fshing expeditions to the Sea of Okhotsk between Japan and Russia. The company, mainly an import business based in Larkspur, Calif., is celebrating its 150th anniversary. Photo courtesy of Union Fish Co. Photo by James Wright 10_16NewsRecap.indd 10 2/19/14 12:57 PM

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