I
have done several posts on the crash and spike nature of the huge multinational
fish farm companies.
Fish farms are not about farmers, mom
and pop operations, existing for fish and worker health. It is all about big
business. It’s a race to grow bigger and faster and gobble other companies up
on the way, solidifying the industry in fewer and fewer operations, leading,
ultimately to less efficiency and higher prices, as the industry ricochets up
and down.
Typically workers lose jobs, and governments are bullied into
reducing legal conservation/environmental laws just to keep these voracious,
environmentally degrading companies in the country. They play off one country
against the next.
Read the following article from
Undercurrent News: http://www.undercurrentnews.com/.
Undercurrent News: World’s 100
Largest Seafood Companies 2014
Author: Undercurrent News Published: September
21, 2014 Price: $779
The still nascent global seafood sector is highly
fragmented across continents and markets, but some companies have emerged as
leaders, in one field or across several activities.
It is
these companies that Undercurrent News aims
to provide an overview of with our latest World's 100 Largest Seafood
Companies 2014 report, by detailing who they are, what they do,
while ranking them by the size of their 2013 or latest available turno ver
figure.
Combined, the 100 companies on our ranking this year had
revenues of nearly $100 billion, up by $1.8bn from our 2013 report.
Salmon prices were a major driving force behind this increase --
the combined revenues of salmon producers on our report this year are up $2.2bn
from our 2012 report, with two new salmon players making it to the ranking.
High shrimp prices also
benefited some -- Zhanjiang
Guolian Aquatic Products' revenue jumped 53%, and Minh Phu Seafood was
up 23 places thanks to a 41% revenue increase.
Similarly to last year, the ten largest companies - with
revenues of more than $2bn each -- accounted for over a third ($35bn) of the
total revenues and the 25 largest for over half ($57bn).
As in our 2013 report, Japanese companies comfortable dominate
with 26 of the companies listed. The US is next largest (11) and Norway third
(9), again fairly stable from last year.
However,
there are also several changes from the previous report. Looking at the
companies’ movements up and down the ranking from the 2013 report illustrates
some of the key events and trends that shaped the seafood industry in the past
12 months.
Take for instance the
spectacular drop of Pescanova,
which, after a year in bankruptcy, has fallen from eighth largest in our 2013
report to 18th largest, and is likely to drop further as creditors and
administrators sell off its assets.
Dutch shrimp processor Heiploeg,
which was the 100th company in our ranking last year, also fell into
bankruptcy, and is now largely incorporated into Parlevliet and van der Plas.
A third company from last
year’s ranking went into receivership: Yihe, a US-based salmon processor. The
group no longer features on our report as its revenues are thought to now be
below the $300m mark.
Other players, in turn, have been incorporated into bigger ones
through acquisitions: Morpol is now part of Marine
Harvest; American Pride Seafood is
now part of High Liner Foods; Copeinca has
been engulfed by Pacific Andes; Norway
Pelagic by Austevoll Seafood.
Both Maruha
Nichiro and Marubeni have
acquired smaller players, while Russian Sea Catching has
been growing fast, gobbling up Russian pollock catchers, although not yet big
enough to feature in this year's ranking.
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