“Right now, we already have 14 catcher vessels in the area,” said lawyer Asis Perez, director of the Philippines Bureau of Fisheries and Aquatic Resources (BFAR).
Perez said he was told by members of the Socsksargen Federation of Fishing and Allied Industries (SFFAI) that approximately 3,000 metric tons in tuna catches originating from the area have already been landed in General
Pocket 1 High Seas, some 700 nautical miles (around 1,300 kilometers) southeast of General Santos City, was opened exclusively for Filipino fishing vessels in October last year after it was close to tuna purse seine operations in 2010 and 2011.
The Western and Central Pacific Fisheries Commission allowed 36 Filipino tuna catcher vessels with gross tonnage of not more than 250 metric tons to operate in an area of about 590,000 square kilometers east of
Pocket 1 High Seas lie along the tuna migratory path that stretches from the Indian Ocean to the
It has become a traditional fishing ground for Filipino tuna fishermen as global demand for canned tuna increased over the last 3 decades.
The
Deployment of Filipino fishing vessels in Pocket 1 High Seas however was halted after super Typhoon Pablo.
The Philippine exemption, originally set to expire last month, was extended indefinitely except during the WCPFC imposed 4-month FAD ban from July to October every year.
Perez said they are hoping Filipino companies who have been identified as among those allowed to operate in Pocket 1 High Seas will be able to deploy their fishing fleet within the year.
The projected volume of catch, he said, will further increase revenues for the tuna industry.
Annual Philippine export revenues from canned, processed and fresh chilled tuna are averaging at USD 250 million.
(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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