Blue economy

Indonesia Develops Blue Economy to Boost National Manufacturing Industry Growth

Thursday, October 14, 2021 - 10:45am

"Therefore, the blue economy is a great opportunity to harvest economic benefits and help Indonesia to develop sustainable energy and resilient food sources.

Key Points: 
  • "Therefore, the blue economy is a great opportunity to harvest economic benefits and help Indonesia to develop sustainable energy and resilient food sources.
  • The blue economy can later also help the manufacturing sector to grow to new heights, among other sectors, such as the wild fisheries sector.
  • "There are various manufacturing industry sectors that will benefit from the development of a blue economy in the wild fisheries sector, such as the seafood processing and packaging industry and the wild fisheries equipment assembly industry.
  • A blue economy strategy that will increase the growth of the manufacturing industry and thereby the national economy must be developed immediately, and Indonesia is fully committed to developing and achieving a sustainable blue economy.

Crowley Expands in Rhode Island with New Offshore Wind Services Office

Thursday, October 7, 2021 - 10:15pm

Dan McKee today announced the opening of the company's new Rhode Island office to advance the development and operation of offshore wind energy installations.

Key Points: 
  • Dan McKee today announced the opening of the company's new Rhode Island office to advance the development and operation of offshore wind energy installations.
  • "Crowley is committed to enabling the U.S. development of clean, sustainable energy through offshore wind solutions," said Ray Fitzgerald, the company's chief operating officer.
  • The Rhode Island office, 225 E. Dyer St., demonstrates Crowley's commitment to providing innovative logistics solutions, new emerging energy sources, and the development of public-private partnerships to expand its services in the offshore wind industry.
  • Recently, Crowley, through its New Energy subsidiary Crowley Wind Services, announced the impending purchase of 42 acres surrounding Salem Harbor Station in Massachusetts, as the company becomes the long-term offshore wind port operator for the site serving the first utility-scale U.S. offshore wind project by Vineyard Wind Partners.

State of California & Port of LA Bet Big on AltaSea – $12M Will Fund Building of West Coast’s Largest Blue Economy R&D Center of Innovation

Monday, October 4, 2021 - 4:00pm

The State of California and the Port of Los Angeles have directed $12 million to AltaSea, a nonprofit corporation, to fund the construction of the West Coasts largest blue economy ocean research and development center.

Key Points: 
  • The State of California and the Port of Los Angeles have directed $12 million to AltaSea, a nonprofit corporation, to fund the construction of the West Coasts largest blue economy ocean research and development center.
  • California State Senator Steven Bradford and California State Assemblyman Patrick ODonnell led an effort to secure $6 million in state funding to match the Port of Los Angeles $6 million commitment.
  • Construction on the Center of Innovation is anticipated to commence by mid-2022 and be completed in the first half of 2023.
  • AltaSea recently announced that its campus will be home to the nations largest solar installation at an ocean research and development center.

MORI: New Partnership Mobilizes Marine Scientists for Research at Sea

Thursday, September 23, 2021 - 5:31pm

To date, Irving Shipbuilding has committed more than $20 million in Value Proposition investments toward creating a sustainable marine industry across Canada.

Key Points: 
  • To date, Irving Shipbuilding has committed more than $20 million in Value Proposition investments toward creating a sustainable marine industry across Canada.
  • Dalhousie Universitys Dr. Dariia Atamanchuk relies heavily on access to research vessels to answer the questions that drive her work.
  • Irving Shipbuilding is pleased to provide a $2 million contribution that enables marine researchers to get to sea with modular labs.
  • Mobilized marine labs through MORI are enabling researchers to complete important ocean research that helps protect our oceans and environment.

Billy Goat Brands to Commence Trading on the Canadian Securities Exchange on September 16, 2021

Wednesday, September 15, 2021 - 10:30pm

VANCOUVER, British Columbia, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Billy Goat Brands Ltd. (the “Company” or “Billy Goat”) (CSE: GOAT), a venture capital platform focused on identifying, sponsoring and incubating environmental, social and governance (“ESG”) focused companies in the blue economy, is pleased to announce that its common shares will commence trading on the Canadian Securities Exchange (the “CSE”) on September 16, 2021, under the stock ticker symbol “GOAT”. To coincide with its listing on the CSE, Billy Goat has recently updated its website with new information about the Company and its investee businesses, including but not limited to a current investor presentation and blog articles, which can all be viewed at billygoatbrands.com.

Key Points: 
  • Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible".
  • The listing of our common shares for trading on the CSE is a great milestone for the Company.
  • The rapid growth of our investee businesses is exciting and it is a privilege to bring the Billy Goat platform to the public markets, added Mr. Harris.
  • Billy Goat is a venture capital platform focused on investing in high-potential companies operating in the blue economy.

Government of Canada invests in ocean observation science to help protect Canada's oceans

Wednesday, August 11, 2021 - 7:25pm

Today, the Minister of Fisheries, Oceans and the Canadian Coast Guard, the Honourable Bernadette Jordan, announced $8.7 million in funding to Ocean Networks Canada, an initiative of the University of Victoria, to support their ocean research and observation activities.

Key Points: 
  • Today, the Minister of Fisheries, Oceans and the Canadian Coast Guard, the Honourable Bernadette Jordan, announced $8.7 million in funding to Ocean Networks Canada, an initiative of the University of Victoria, to support their ocean research and observation activities.
  • This funding builds on the Government of Canada's investment made through the Canada Foundation for Innovation and helps to ensure Canada remains an ocean science leader by continuing to provide ocean observation data in real-time to a network of researchers around the world.
  • Ocean observation data play a key role in enhancing the ocean economy and help us understand how economic practices impact the environment.
  • "Ocean Networks Canada is committed to growing Canada's leadership in the sustainable blue economy through our world-leading innovation in ocean monitoring technology.

Government of Canada launches new $20 million fund to make fishing gear safer for whales

Wednesday, August 11, 2021 - 4:31pm

OTTAWA, ON , Aug. 11, 2021 /CNW/ -Entanglements in fishing gear can pose serious harm to whales and other marine mammals.

Key Points: 
  • OTTAWA, ON , Aug. 11, 2021 /CNW/ -Entanglements in fishing gear can pose serious harm to whales and other marine mammals.
  • That is why the Government of Canada is working to prevent these entanglement risks from occurring, including by requiring all non-tended, fixed-gear fisheries in Atlantic Canada and Quebec to use whalesafe gear by the beginning of the 2023 fishing seasons.
  • Today, the Minister of Fisheries, Oceans and the Canadian Coast Guard, the Honourable Bernadette Jordan, announced the new $20 million Whalesafe Gear Adoption Fund, which will help harvesters in Atlantic Canada and Quebec adopt whalesafe gear into their commercial fishing operations.
  • The Whalesafe Gear Adoption Fund will also provide support to Canadian manufacturers to encourage domestic supply of commercially-ready whalesafe gear by 2023.

iXblue announces strategic partnership with RDML Tim Gallaudet to strengthen its growing presence in the U.S.

Tuesday, August 3, 2021 - 12:00pm

WASHINGTON, Aug. 3, 2021 /PRNewswire/ -- iXblue, Inc. and iXblue Defense Systems announced today that they have formed a strategic partnership with Rear Admiral (RDML) Timothy Gallaudet through his marine technology consulting agency, Ocean STL Consulting .

Key Points: 
  • WASHINGTON, Aug. 3, 2021 /PRNewswire/ -- iXblue, Inc. and iXblue Defense Systems announced today that they have formed a strategic partnership with Rear Admiral (RDML) Timothy Gallaudet through his marine technology consulting agency, Ocean STL Consulting .
  • With this partnership, iXblue and RDML Tim Gallaudet will be advancing iXblue's growing market presence in the U.S. in the fields of maritime autonomy, navigation and positioning for both defense and the private sectors.
  • His lifelong commitment to education, science, service, and stewardship has brought him a wealth and knowledge and a stellar reputation.
  • "As a lifelong champion of ocean science and technology, I could not be more thrilled to partner with iXblue."

Government of Canada accepting applications to fund clean technology for fisheries and aquaculture industries

Thursday, July 8, 2021 - 3:00pm

These additional funds will support Canada's fisheries and aquaculture industries in adopting clean technologies for fish and seafood farming while improving environmental performance and competitiveness.

Key Points: 
  • These additional funds will support Canada's fisheries and aquaculture industries in adopting clean technologies for fish and seafood farming while improving environmental performance and competitiveness.
  • Aquaculture, or raising aquatic animals or plants for food, is a valuable sector that supports increasing global food demand.
  • Through initiatives like the Fisheries and Aquaculture Clean Technology Adoption Program, we're supporting small- and medium-sized businesses in the sector to implement clean technologies.
  • The Government of Canada is creating a Blue Economy Strategy to keep our oceans healthy while sustainably growing the fisheries and aquaculture industries.

Press release - €6.1 billion to promote sustainable fisheries and safeguard fishing communities

Tuesday, July 6, 2021 - 8:00pm

The new European Maritime, Fisheries and Aquaculture Fund (EMFAF), adopted on Tuesday, encourages member states to invest in making the fisheries and aquaculture sectors more competitive and helping develop a sustainable blue economy, new markets and technologies.

Key Points: 
  • The new European Maritime, Fisheries and Aquaculture Fund (EMFAF), adopted on Tuesday, encourages member states to invest in making the fisheries and aquaculture sectors more competitive and helping develop a sustainable blue economy, new markets and technologies.
  • The EU fleet lost important fishing grounds because of Brexit, the seafood value chain was paralysed because of the pandemic, and there was pressure to reach an agreement in the WTO on fisheries subsidies.
  • "Next stepsThe regulation will enter into force on the day following its publication in the Official Journal of the European Union.
  • The previous EMFF budget covering 2014 to 2020 amounted to 6.4 billion EUR.