Friday, 5 May 2017

BAD NEWS BITES: Salmon/Seafood Industry, Fifth Post, Updated May 19, 2017

I receive more than 20 global fish farm newsletters every week. In these, I have found a startling amount of bad news, and decided to do a post on it. I had no idea there was as much bad news as there is.

I am at my fifth post, and in little more than a year, I have found more than 1100 BAD NEWS BITES. Some days I am stunned by the amount of bad news in the fish farm/seafood industry. As of April 30/17, you can add another 500 BAD NEWS BITES, from this post, or more than 1,600 BAD NEWS stories since July 1/15, less than two years.

This is the link to the fourth post, Jan 14, 2017, it has 500 BAD NEWS BITES in it: it has links to the previous three posts since July 2015. 

Here is a summary of the bad news stories:

"In one mouthful, here are the kind of stories I am finding: boom bust industry, billions made and lost, crisis in lice and disease, bankruptcy, workers fired, executives jumping company to company, dividing big bonuses, fraud, corruption, litigation, conflict of interest with government and scientists, using the ocean as a free open sewer – $10.4 Billion in BC alone, killing of whales, seals and sea lions – more than 12,000 in BC so far, slavery, unpaid labour, taxpayers paying millions for diseased, dead fish – $177 Million in Canada, dueling scientists, weakening of laws, unsustainable feed, illegal fishing, jail sentences, disasters in Norway, Scotland, Chile, Canada, bullying of scientists, governments and anyone critical of their business, cartels, collusion, price fixing, fishing down the food chain to Antarctic krill, carcinogens and persistent organic pollutants, fluoroquinolones, chicken feathers in feed, animal feces in feed, eutrophication in a time of global warming, Malachite Green fungicide in USA seafood, fake industry awards, all the wild salmon in the Pacific ocean, more than a billion, put in peril... it goes on."

Look at the last post as it shows the CEO of the company that owns Marine Harvest, John Fredriksen, selling half a billion dollars in stock on the bet that the share price will drop so he can make money buying it back.

Update 2017: of some humour, the share price went up, so I guess John made the wrong bet. Here's a thought: John, raise fish on land, thus increasing supply, thus reducing cost, then MH shares go down, and you buy them back!

Here are the BAD NEWS BITES, starting May 5, 2017:


64. Dumping - India in USA, shrimp, $4.7 billion industry, next chance to challenge, 5 years:

63. Sewage Damage - Tasmania, Tassal: Huon says: “Playing Russian roulette like the EPA director is doing now ... is just breathtaking in its stupidity," And: "HUON Aquaculture says the Environment Protection Authority is playing Russian roulette with Macquarie Harbour over its draft decision to allow farming of up to 18,000 tonnes of salmon."

62. Disease - ISA, Bakkafrost, Foroes:

61. Lice - 20% of farmed salmon die from lice:

60. Litany of Complaint - Tassal, Tasmania, WWF receives up to $500,000 per year to license its logo for ASC certification. See the litany of links at the bottom:

59. Boom - Young's rises from its own ashes, after Sainsbury debacle caused by Marine Harvest:

58. Fraud, Theft - CDN lobster industry:

57. Fraud - Pac Andes, 2013 buying of Copeinca:

56. Offshore Sewage - Norway:

55. Boom - Oman, $2B new developments:

54. Disease - ISA, Norway:

53. Tuna Price Fixing/Slime - podcast:

52. Triple Fish? - Norway:

51. Fish Escape - NZ, 6,000 fish:

50. No More In-ocean Fish Farms - Norway, only on-land fish farms from now on: More about on-land fish farms:

49. Tassal Violates ASCs - Tasmania, 19 requirements not met, in a certification scheme that is weakened by not requiring on-land, closed:

48. Lice Kill Wild Salmon - PDF of the Ireland study over 30 years:

47. Boom - India, tilapia sector to grow:

46. Boom - hasta lavista in-ocean fish farms - Mitsui to establish on-land fish farms in Japan with the object of on-land all across Asia:

45. Boom - Leroy doing $150 million investment in plants/smolt plant in Netherlands, Norway:

44. More Pac Andes Trainweck - losses across the board:

43. Fish Farm Threatens Norwegian Government - Nordlaks, threatens to push production to China, Australia, Iceland:

42. Triple Salmon Production!! - Norway, Kvera Analyst:

41. Lice $$- Leroy, to step up $$ fight against sea lice:

40. Labour Abuse - Thailand:

39. "Extinction Vortex" - fish farm lice, Ireland, study, killing 50% of salmon and sea trout:

38. In-ocean Fish Farms Dinosaurs - Huffington Post article by Dan Lewis. They went to Norway where everyone told them to take fish farms out of the water:

37. Boom - India, shrimp production exceeds 500,000 mt two years in a row:

36.  Acquisitive Industry - High Liner, CDN, Rubicon deal, $104 million:

35.  Boom - Camanchaca, Chile, quadruples revenue:

34. Huge Conspiracy - Thai Union and 53 others - Walmart tuna suit: See item 31.

33. Boom - Record high revenues, Scottish Salmon Company: CEO, Craig Anderson: "We remain firmly focused on our long term growth strategy and new site development is an integral part of this strategy. The development of the site at Portree demonstrates this and complements our existing Hebridean operations." Does this sound familiar? When fish farms aren't in a catastrophe, they grow at huge rates.

32. Huge Vaccine Numbers - 338 million, Norway:

31. Thai Union the Best??? - You will recall that Thai Union has had problems with slavery, and other big issues. If it is up for awards, the rest of the Asian companies must be really bad: "In a poll of 180 portfolio managers and buy-side analysts around the world, Thai Union was ranked first in: best managed companies in Thailand; best CEO in Thailand; best CFO in Thailand; most committed to corporate governance in Thailand; best at corporate social responsibility in Thailand; best at investor relations in Thailand."

30. New Regs Cost Fish Farms - Chile, so says Marine Harvest, ignoring that new regs are needed in Chile because of the vast destruction of their ocean waters by fish farms:

29.  Boom from Bust - Pescanova inks deal with Walmart after years of financial turmoil:

28. Patagonia Destroyed - Austral Nova crows about antibiotics free salmon, while destroying one of the most pristine areas in the world, and south of there:

27. Lice Kill Wild Salmon - a definitive review of 300 articles on fish farm lice killing wild salmon, 2014: "The Chairman and Board of Inland Fisheries Ireland (IFI) have today (18.09.14) welcomed a definitive review of over 300 scientific publications, which has just been published, on the effects sea lice can have on sea trout stocks. A team of top international scientists from Norway, Scotland and Ireland reviewed all available published studies on the effects of sea lice and have now concluded that sea lice have negatively impacted wild sea trout stocks in salmon farming areas in Ireland, Scotland and Norway."

26. Killing Wild Salmon - Fish Farm Lice - Ireland, 26 year study, 50% down: "26 years of data from factory farms in Killary Harbour on the Galway/Mayo border." This is the same as has been shown in Scotland over more than two decades. And in BC/Norway wild salmon have declined 50% in the presence of fish farms. And read this from Fisheries Ireland:
And read this abstract:
This is the abstract of the scientific article from Ireland: And this article:

25. Disease - Fish Farm Video - BC, Alex Morton: Problem with herring, salmon fry, from fish farms. Salmon look like they have PRV, as in HSMI.

24. Boom  - Australis sales triple on last year's salmon dearth (lice in Scotland and Norway, plus algal bloom in Chile reducing world supply by 8.7%):

23. Bandits Steal Salmon - yes, for real, Chile to Miami:

22. Boom - Ecuador shrimp firm, Songa to increase production 100%:

21. Manipulating Salmon Output - Chile, Marine Harvest:

20. Fraud, Jail Sentence - Terry Cosgrove:

19. Massive Disease Outbreak - shrimp, Bangladesh:

18. Tax on Lice and Escapes - Confederation of Norwegian Enterprise:

17. Boom - Australis Group, earnings leap:

16. Boom - Calvo Group, Spain, aims for 40% growth in tuna:

15. On-Land GMO Salmon - Aquabounty, PEI, CDN, also looking to build US on land facility, bad news for in-ocean fish farms:

14. More Price Fixing - Bumble Bee et al:

13. Boom - Vietnam aims for $13b seafood exports by 2020, may reach $35 billion:

12. Whale Kill - tangled in pot lines:

11. Guilty - $25 Million Fine - Bumble Bee and co-conspirators, cartel price fixing:

10. Acquisitive Industry - Chinese mega company:

9. Corruption - Namibia, fisheries minister, fraudulent quota allocation, horse mackerel:

8. Boom - salmon processor, smoker, new plant, Rode Vis, Netherlands:

7. Illegal Fishing - West Africa loses $2billion in fish each year:

6. On-Land Fish Farm Seminar - bad for in-ocean fish farms, good for the world, Intrafish:

5. Global Fishing Killing Fish Stocks - Canada, Daniel Pauly, data 50% low: "The world’s oceans are rapidly warming and acidifying due to climate change. Global overfishing and massive under reporting of catches are putting world fish populations in peril. How close are the planet’s fisheries to collapse?"

4. Over Fishing Killing Fish Stocks - Canada, one third of global catch is unreported, The Sea Around Us project, new document:

3. By-Catch 50% - Canada, discards can lead to extinctions:

2. Using Oceans as a Free, Open Sewer - USA, offshore aquaculture plans:

1.  Humans Go Hungry - China scooping world fish stocks, threatening Africa and third world humans needing food:

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