ISSF is proposing keeping new vessels from being introduced into the fisheries. A scientific report published by ISSF notes that the world's purse seiners are catching 65 per cent of the global catch. According to "A Snapshot of the Tropical Tuna Purse Seine Large-Scale Fishing Fleets," if every vessel made five or more fishing trips at maximum capacity each year, the global catch would easily exceed the current level.
According to the ISSF, by 1 January 2013: All processors, importers, transporters and others involved in the seafood industry must stop working with skipjack, bigeye and yellowfin tuna harvested by large scale purse seiners not actively fishing for tuna by 31 December 2012, except for those vessels under contract for construction on or before then with construction completed by 30 June 2015, or in cases where there is a change in the name, flag, or registration number of a vessel. Vessels built as a replacement are also permitted; ISSF will establish a record of large-scale purse seine vessels fishing for tropical tuna globally; ISSF will continue to sponsor regional and global workshops on fleet capacity management, including mechanisms for capacity transfers.
“Experts in fisheries management, economics and international law agree that fishing overcapacity leads to overexploitation and wastes resources. The first step in managing excessive fishing capacity is to stop adding boats,” said Susan Jackson, president of ISSF.
In 2010, the Bellagio Conference on Sustainable Tuna Fisheries was held to offer scientific, fishery and government experts a chance to create an analysis of key issues vital for the management of tuna fisheries.
“The first step towards controlling capacity is to establish limited entry, as might be set up via a closed vessel registry, after which reductions in the number of vessels can be negotiated,” the "Bellagio Framework for Sustainable Tuna Fisheries" noted.
The tuna Regional Fisheries Management Organisations (RFMOs) have created a Consolidated List of Authorized Vessels (CLAV) to document all authorized tuna fishing vessels and their regions. ISSF is helping strictly support those vessels that obtain an IMO number, or an equivalent unique vessel identifier.
Jackson added, “Additional efforts will be needed in order to reduce capacity so that it is aligned with what tuna stocks can sustainably support. Rights-based management is an effective way to address overcapacity, conservation and economic benefits.”
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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