Dutch shocked by call to ban EU electric pulse fishing

A fisherman on the Dutch fishing boat TX-38 Branding IV prepares the electric pulse fishing nets during departure from the harbor of Den Helder. The European Parliament has called for a ban on electric pulse fishing in the EU, defying Brussels which wants the experimental practice in the North Sea done on a larger scale. (AFP)
Updated 21 January 2018
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Dutch shocked by call to ban EU electric pulse fishing

AMSTERDAM: The black clouds hanging over the boats in Dutch ports Friday were not the remnants of wild winter gales, but harbingers of another devastating storm brewing for Dutch fishermen.
On Tuesday, the European Parliament struck what may prove to be the death knell for some of the Dutch fishing fleet by demanding a ban on electric pulse fishing.
For the Dutch, who invented this experimental method of trawling the North Sea for fish, the decision came as a bombshell, spelling likely catastrophe.
In the northern village of Urk, Andries de Boer, a third generation fisherman, said he like many others now faced an uncertain future after investing heavily to equip their boats with the technology.
On the western coast, in the bustling port of Scheveningen near The Hague, his colleague Anton Dekker said he was “bewildered and extremely disappointed” by “this injustice.”
Standing among the nets on his boat, his gaze was lost on the horizon as his crew prepared to head out into the cold North Sea for four days.
Pulse fishing involves dragging electrically charged lines just above the seafloor to shock marine life up from low-lying positions into trawling nets.
EU rules allow member states to equip up to five percent of their fleets with electrodes, and the method has been adopted in particular by Dutch vessels fishing for sole.
Some 84 Dutch boats use the practice, alongside just three Belgian vessels, representing 0.1 percent of the total European fishing fleet.
“Sole is a fish which hides under 10 centimeters of sand during the day. By sending out these little electric pulses, they come out of the sand and bingo, they’re in the net,” said Dekker.
“When you’ve been working for years to improve the environment and CO2 emissions, to catch fewer unwanted or small fish, and you’ve reached your goal — which is what we believe — to then see it reduced to nothing, is terrible,” said de Boer bitterly.

In Urk, a 10th century village which used to be an island in Flevoland, fishermen have spent hundreds of thousands of euros after having won the go-ahead from the EU on an experimental basis.
But MEPs voted on Tuesday by 402 members to 232 in favor of the ban, while 40 abstained.
“It is a wonderful victory against a terribly harmful kind of fishing,” said Yannick Jadot, a French member of the Greens party, who took part in the campaign against the practice.
But Pim Visser, the head of the Dutch fisherman’s organization VisNed, said the campaign had been based on “half-truths, non-facts, insinuations and allegations.”
“It’s a scandal, and a blow,” he said, denying Jadot’s accusations by insisting there was no terrible environmental harm.
On the contrary, the Dutch fishermen said: “The seabed is less disturbed” than by more traditional methods of fishing for sole.
There is “no scientific basis for saying that electric fishing is not good,” he added.
Researcher Adriaan Rijnsdorp, from the University of Wageningen, agreed. He is due to complete a study of the environmental effects next year.
“It’s a very promising technique, which is important for limiting the damage which fishing inflicts on the ecosystem,” he told the NOS public broadcaster.
But the row has increasingly pitted the Netherlands against France — particularly after 200 top European chefs pledged to stop sourcing seafood obtained through electric pulse fishing.
“We refuse to work with seafood coming from a fishing method that condemns our future and that of the ocean,” the chefs said in a text written by two-star Michelin chef Christopher Coutanceau.
They alleged that electric trawlers “produce catches of poor quality, fish which underwent stress and are often marked by post-electrocution bruises.”
“It is impossible to work with such low-quality products.”
“Nonsense,” shot back Visser, insisting the Dutch were selling high-quality fish, and pointing to the beloved French delicacy of foie-gras, most often produced by force-feeding poultry to fatten their livers.
Tuesday’s vote was just one step in a long battle, with the EU parliament now trying to strike a compromise with the European Commission, the bloc’s executive, and the European Council, which groups the 28 member states.
Dutch fishermen say if a total ban is adopted, then they will need to use 40 million liters of diesel more a year to drag heavier nets, which will cut their revenues by some 20 percent.


Saudi minister Al-Falih says Aramco IPO likely in 2019

Updated 25 May 2018
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Saudi minister Al-Falih says Aramco IPO likely in 2019

  • Energy Minister Khalid Al-Falih: “We are ready, the company (Saudi Aramco) essentially has ticked all the boxes. We’re simply waiting for a market readiness for the IPO.”
  • Khalid Al-Falih: “Most likely it will be in 2019 but we will not know until the announcement has been made. All I could say is stay tuned.”

RIYADH: Saudi Arabia is most likely to hold the initial public offering (IPO) of oil giant Aramco in 2019, Energy Minister Khalid Al-Falih said on Friday, confirming a delay from the initial plan to list the company this year.

“The timing I think will depend on the readiness of the market, rather than the readiness of the company or the readiness of Saudi Arabia,” Khalid Al-Falih, who’s also the company’s chairman, said at the St. Petersburg International Economic Forum in Russia on Friday.

“We are ready, the company essentially has ticked all the boxes,” he said. “We’re simply waiting for a market readiness for the IPO.”

For almost two years, Saudi officials said the IPO was “on track, on time” for the second half of 2018. But for the first time in March they suggested it could be delayed until 2019.

“Most likely it will be in 2019 but we will not know until the announcement has been made,” Al-Falih said. “All I could say is stay tuned.”

The Aramco IPO would be a once-in-a-generation event for financial markets. Saudi officials said they hope to raise a record $100 billion by selling a 5 percent stake, valuing the company at more than $2 trillion and dwarfing the $25 billion raised by Chinese retailer Alibaba Group Holding Ltd. in 2014.