Hitachi Energy selected as technology partner to support the transmission of renewable power between Canada and the United States

Substantial modernization of a key transmission system in Canada will support the transfer of electricity between Montreal and New York.

Zurich, Switzerland, Dec. 15, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced that it has been selected by Hydro-Québec for its high-voltage direct current (HVDC) technology for the transmission of electricity, which will ensure the sustainability of the energy exchange between the Quebec network, in eastern Canada, and New York State in the northeastern United States.

Hydro-Québec, the largest hydroelectricity producer in Canada and one of the largest hydroelectricity producers in the world, is a public company that generates, transmits, and distributes reliable, clean and renewable electricity in Québec. Thanks to its surplus energy, it supplies the Canadian provinces and the northeastern United States.

The Châteauguay HVDC system will enable the transmission of up to 1,500 megawatts of electricity between the electrical networks of Quebec and the state of New York which will contribute to maintaining a low carbon footprint in the region. This new system will replace existing equipment which has been in operation since 1984*1, increasing the efficiency and controllability, plus raising the power conversion capacity of the Châteauguay HVDC system*2 by 50 percent.

*1 Châteauguay “back-to-back” HVDC converter station

*2 Subject to authorization by the Régie de l’énergie du Québec of the project to replace the converter units at Châteauguay substation.

“We are proud to be returning to the Chateauguay HVDC station, after helping to build it almost four decades ago,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “This new system represents an important enhancement to the ability to transmit large-scale hydro power between Canada and the United States, which will support the shift away from fossil fuel.”

Hitachi Energy is supplying a “back-to-back” converter station, which converts AC power to DC then reconverts it to AC from DC enabling the interconnection of the 735 kilovolt Canadian and 765 kilovolt New York grids which are “out of phase” and cannot be connected directly via traditional AC systems.

Note to editors:

Hitachi Energy’s HVDC solution combines world-leading expertise in HVDC converter valves; the MACH™ digital control platform*3, which enables renewables integration and manages voltage and frequency disturbances in the grid; converter power transformers and high-voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.

*3 Modular Advanced Control for HVDC (MACH™)

HVDC Light® is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and “power-from-shore” connections to offshore production facilities. HVDC Light’s defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world’s HVDC projects.

HVDC website:

https://www.hitachienergy.com/offering/product-and-system/hvdc

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

https://www.hitachienergy.com

https://www.linkedin.com/company/hitachienergy

https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachments

Jocelyn Chang
Hitachi Energy
+41793847775
jocelyn.chang@hitachienergy.com

GlobeNewswire Distribution ID 8715203

Nikkiso Clean Energy & Industrial Gases Group Awarded DNV’s Management System Certificate and ISO 9001:2015 Certification

TEMECULA, Calif., Dec. 14, 2022 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is proud to have been awarded DNV’s Management System Certificate and ISO 9001:2015 certification. The award was presented to George Pappagelis, President of Nikkiso Clean Energy & Industrial Gases group’s Process Systems unit. The certificate was issued to Cosmodyne LLC in Seal Beach California.

ISO 9001 is defined as the international standard that specifies requirements for a quality management system (QMS), helps businesses and organizations be more efficient and improve customer satisfaction. By obtaining and implementing the ISO 9001 certification and standardized management system, we can lower operational costs, improve our bottom line, offer a competitive advantage, improve reputation, and deliver better products and services – all of which ultimately benefit our customers!

“We believe that quality is a continuous process that requires us to never stop trying to improve,” according to George Pappagelis, President of Nikkiso Cosmodyne. “Our internal corrective action system helps assure that all of our internal systems, future processes and designs are as trouble-free as possible.”

ISO 9001 certification ensures that quality orientation is lived by each of our employees every day.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.) and process plants for Industrial Gases, and Natural Gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
[email protected]

GlobeNewswire Distribution ID 8714983

U.N. Member States Remove Islamic Republic of Iran from Commission on the Status of Women

Today, the United Nations Member States acknowledged the courage of the Iranian women and girls leading this revolution and acted in favor of women’s rights by voting to revoke the regime’s membership on its preeminent body on gender issues.

NEW YORK, Dec. 14, 2022 (GLOBE NEWSWIRE) —

This fall, a coalition of Iranian women, along with Vital Voices Global Partnership and For Freedoms launched a campaign calling for the immediate removal of the Islamic Republic of Iran (IRI) from the United Nations Commission on the Status of Women (CSW) after the tragic death of Mahsa Jina Amini and ensuing protests. The following is a statement issued by the group in response to today’s vote by the Commission in favor of the IRI’s removal: 

Today the United Nations and its Member States heeded the call of Iranian women to remove the Islamic Republic of Iran from the U.N. Commission on the Status of Women. Earlier this year, to the dismay of women’s rights advocates around the world, the Islamic Republic began a second four‑year term on the 45‑member entity that serves as the preeminent global body dedicated to promoting gender equality and women’s empowerment. The final decision included 29 Member States voting in favor of removing the Islamic Republic of Iran from the Commision.

Today’s vote marks a pivotal step forward with the U.N. Member States removing a country from the Commission with an appalling record on women’s rights from its membership. Every day that the Islamic Republic of Iran was a member of the Commission on the Status of Women, the body lost credibility.

As we previously stated in an open letter published in The New York Times, the IRI’s long‑standing, systematic oppression of women and the absence of tangible improvements after decades of engagement, should have disqualified them from election to the Commission on the Status of Women.

Yesterday, Iranian women currently imprisoned inside the notorious Evin prison came out with tremendous courage in listing their names in support of this effort.

For decades, gender inequality and discrimination against women have been legally enshrined in the IRI. Under the regime’s penal code and other laws and regulations, Iranian women’s rights are severely restricted in marriage, divorce, inheritance and custody. In addition, they must comply with the IRI’s mandatory hijab laws from the onset of puberty.

Yet, the IRI was elected to the Commission on the Status of Women.

Today, we commend the Member States for upholding their duty to mandate and defend values that support gender equality and for standing on the right side of history by showing their outrage in the face of blatant state violence.

This is a critical moment for leaders in the international community to continue to vocally and unequivocally demonstrate their support for women’s rights by standing in solidarity with Iranian women and girls.

In solidarity with Iranian women and girls who are courageously demonstrating for their fundamental human rights, we condemn the brutal violence against peaceful protesters and the violence at the forceful hands of the Islamic Republic’s regime that includes executions, targeted attacks on women’s bodies, sham trials, mass imprisonment, sexual assault, beatings and torture.

To world leaders who are watching, we urge you to continue to meet the courage of the women leading this revolution and act within your realm of power and influence in favor of women’s rights, fairness and equality.

To the Iranian women who are on the ground continuing to fight tirelessly for basic human rights, we will continue to listen to you, support you, and boldly move in ways that provoke justice, fairness and equality for you and all women, all life and all freedom.

In Solidarity,

– Coalition of Iranian women leaders alongside Vital Voices and For Freedoms
www.womenlifefreedom.today

Visual Assets Available for Use: https://www.youtube.com/watch?v=cqiBdtq2nnI

Attachments

Woman Life Freedon
Vital Voices, For Freedoms, and a Coalition of Iranian Women
[email protected]

GlobeNewswire Distribution ID 8714699

Michael Martin appointed as new CEO of St Kitts and Nevis Citizenship by Investment Unit

Basseterre, Dec. 14, 2022 (GLOBE NEWSWIRE) — Michael Martin has been appointed to take the helm at St Kitts and Nevis’ Citizenship by Investment Unit and lead the evolution of the country’s investment migration programme.

The twin-island nation is on a drive to enhance its Citizenship by Investment Programme, so it continues to be the benchmark of the global investor immigration industry.

The Prime Minister welcomed Martin at an event at the Citizenship by Investment Unit and expressed his excitement as Martin’s appointment, which comes at a time when the country is evolving its Citizenship by Investment Programme so that it not only attracts intelligent investors but benefits local citizens as well.

The Prime Minister also expressed his confidence in Martin who has been described as the perfect candidate to help the nation realise its goal of providing a programme that will uplift the Kittitian and Nevisian society through beneficial investment options that bring tangible value, while also offering an enriching base to international investors.

At the briefing, the new Head of the Citizenship by Investment Unit thanked the Prime Minister for trusting him with “this very important assignment” and expressed his excitement about taking on the new task.

Martin also stated that a situational analysis would be conducted to assess the status of the Unit and determine the best way forward to “maximize efficiency and effectiveness”.

“This is an operation that is very important to the development of the country, and to the people of the country. We will have to rebrand and refocus the programme, define our strategic goals, and create some new investment options that would be aligned to those strategic goals. ”

The Citizenship by Investment Programme is expected to undergo a complete evolution. Martin spoke of the strategic plans he has in store for the Unit and reiterated that the focus is on advancing the country. “We will be looking at emerging markets and redefining our target client. There must be some exclusivity to it,” he added.

St Kitts and Nevis welcomed a new administration in August that is working tirelessly to revamp the country’s citizenship by investment programme. Now, in the third iteration of its evolution, after four decades of erudition and development, St Kitts and Nevis administration is using creativity and boldness to ensure that the programme transcends to the modern age; and that the security infrastructure is enhanced and strengthened.

A local Kittian, Martin has strong financial acumen and brings a wealth of experience in strategic planning and compliance. He is touted as being the man to bring greater stability to the CBI Unit which will now have more legislative and administrative oversight.

Martin’s past experience as a service provider in the investment migration industry and his local roots make him the right candidate to understand what our external stakeholders require from us as well as knowing how we can use this programme to uplift our people.

Martin will lead a team of efficient and focused experts who will ensure that the programme increases processing efficiency and accuracy while also maintaining strong due diligence processes so that only investors of the highest calibre are accepted.

St Kitts and Nevis’ Citizenship by Investment Programme will be underpinned by three fundamental principles including sustainability, good governance and pragmatism.

The enhanced Citizenship by Investment Programme has been crafted under a sustainable model that will ensure that St Kitts and Nevis continues to be the envy of the international community by injecting high levels of integrity and administrative improvements.

The Programme is to be structured to allow for greater transparency and accountability, which make the hallmarks of a good governance framework that solidifies the foundation of any successful Citizenship by Investment Programme.

Investment options are to be tailored to align with market realities while preserving the platinum brand St Kitts and Nevis has developed and nurtured for four decades, operating the oldest Citizenship by Investment programme in the world.

Martin has served in top management positions in several companies, including the National Caribbean Insurance Company, National Bank Trust Company, and Sagicor Life Inc. He was previously a director of the Insurance Association of the Caribbean, Honorary Secretary of the Brimstone Hill Fortress National Park Society Council of Management, and director for First Federal Cooperative Credit Union.

He holds a graduate diploma from the International Compliance Association and Manchester Business School, a certificate in International Trust Management from the Society of Trust and Estate Practitioners and a certificate in Managing Financial Services from the University of the West Indies.

St Kitts and Nevis Citizenship by Investment programme was founded in 1984 and remains one of the most sought-after programmes of its kind in the world. The programme continues to be one of the most awarded, having taken the top spot in the CBI Index, a comprehensive ranking system that evaluates operational citizenship by investment programmes around the world.

St Kitts and Nevis programme continues to be underpinned by a strong multi-layered due diligence process in partnership with top due diligence firms from the United Kingdom and the United States.

PR St Kitts and Nevis
Government of St. Kitts and Nevis
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8714576

JETEX WELCOMES THE WORLD’S FIRST LOUIS VUITTON POP-UP AT A PRIVATE JET TERMINAL

Private jet flyers enjoy exclusive access to the most dazzling travel selection.

Dubai, United Arab Emirates, Dec. 14, 2022 (GLOBE NEWSWIRE) — Jetex, an award-winning global leader in executive aviation, is proud to host the world’s first Louis Vuitton pop-up store at its flagship Jetex VIP Terminal in Dubai.

Passengers traveling with Jetex can look forward to getting inspired by Louis Vuitton iconic travel pieces, designed to make private jet flying even more glamorous. From timeless monogram trunks and exotic leather creations to a wide range of city guides and unique Objets Nomades, everyone will find something special from the wide collection of exquisite travel accessories available at the Louis Vuitton pop-up store.

“As Jetex breaks records in terms of passenger numbers, we seek new opportunities to surprise and delight both regular and new clients alike. I am exceptionally pleased that Louis Vuitton chose our FBO in Dubai to unveil its worlds’ first pop-up store at a private aviation terminal,” said Adel Mardini, Founder and CEO of Jetex.

With over 100 international private jet flights and more than 1,000 passengers daily, Jetex VIP Terminal in Dubai is currently one of the busiest globally. In addition to tranquil private lounges, elegant hospitality and curated art exhibitions, Jetex works closely with the leading luxury brands to develop solid, long-term partnerships.

About Jetex:

An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit www.jetex.com and follow us on InstagramTwitterFacebook, and LinkedIn.

Press Enquiries:
Oleg Kafarov
Director of Portfolio Development & Corporate Communications
T: +971 4 212 4900   Email: [email protected]

Attachment

Oleg Kafarov - Director of Portfolio Development & Corporate Communications
Jetex
+971 4 212 4900
[email protected]

GlobeNewswire Distribution ID 8714491

Deriv global offices certified as a Great Place to Work® for 2022-23

Deriv Malaysia - Great Place to Work

Celebrating achievements in Deriv’s office in Malaysia

Cyberjaya, MALAYSIA, Dec. 13, 2022 (GLOBE NEWSWIRE) — Deriv, one of the world’s largest online brokers, once again proved that great work challenges and dynamic work culture are the driving force behind its global success. Cyberjaya, Dubai, Asuncion, Minsk, Birkirkara, Limassol, Kigali, Ipoh, Malaka, and Labuan offices have been recognised as the ‘Best Places to Work’ for 2022 by Great Place to Work® (GPTW).

Deriv’s offices in different regions made the top 30 workplaces list for the first time. The official list was announced based on the confidential feedback of employees on work culture, employee engagement, and job satisfaction and an audit of management policies and practices by the organiser’s ‘Trust Index©’.

The surveys conducted in the offices across regions revealed that 100% said they are treated fairly regardless of gender and race. All agreed that the management is honest and ethical in its business practices. According to the survey results, a positive and fun environment, complemented by its supportive culture, made this possible.

Deriv efforts and commitment to building a workplace culture that focuses on core values of Integrity, Customer focus, Competence, and Teamwork ensued a positive outcome. The work culture is open and transparent and treats employees from diverse backgrounds with equality and honesty.

Jean-Yves Sireau, Chief Executive Officer shares, “We want Deriv to be a vibrant community of dynamic people who loves to build things, bring innovative solutions to exciting business challenges, and have fun together. Winning several ‘Best Places to Work’ awards is a testimonial that we are on the right path!”

Click on the link to know the complete list of Deriv’s certified offices.

GPTW certification celebrations across Deriv offices.

Deriv Dubai - Great Place to Work

Deriv’s office in Dubai – A Great Place to Work

Deriv Malta - Great Place to Work

Deriv’s employees in Malta celebrated GPTW certification.

This information is considered accurate and correct at the date of publication. Changes in circumstances after the time of publication may impact the accuracy of the information.

About Deriv
For the last 22 years, Deriv’s mission has been to make online trading accessible to anyone, anywhere. Deriv’s product offering includes intuitive trading platforms, over 200 tradable assets (in markets such as forex, stocks, and cryptocurrencies), unique trade types, and more. Platforms and assets offered vary by country. With more than 950 employees present globally, Deriv strives to provide the best work environment, which includes positive work culture, timely addressing of employee concerns, celebrating employee achievements, and conducting initiatives to boost employee morale.

PRESS CONTACT
Aleksandra Zuzic
[email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/a9d35f6f-38ce-4302-a07d-cd1d338efe77
https://www.globenewswire.com/NewsRoom/AttachmentNg/2972136a-da46-4f2e-9ebd-b04eeb52b5b7
https://www.globenewswire.com/NewsRoom/AttachmentNg/350aa5c1-b97d-47ea-9ee5-5131969d001f

GlobeNewswire Distribution ID 8711759

LeddarTech Showcasing New Sensor Fusion and Perception Products and CES Award-Winning LeddarVision Software January 5-8 in Las Vegas at CES 2023

CES 2023 Innovation Award

LeddarTech Named CES 2023 Innovation Award Honoree

QUEBEC, Dec. 13, 2022 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, is pleased to announce its participation at CES 2023, January 5-8 in Las Vegas, where it will showcase its automotive-grade software enabling ADAS and AD at booth # 5475, LVCC West Hall.

The theme of LeddarTech’s CES destination booth is: “Accelerating Safer ADAS Deployment With High-Performance Low-Level Fusion and Perception Software.”

Visit the LeddarTech exhibition booth to:

WITNESS A NEW PRODUCT INTRODUCTION: The LeddarTech LVF Family of Front-View Solutions for Level 2-2+ ADAS Applications

The LVF family of products is a flexible and scalable, comprehensive front-view fusion and perception stack that supports entry-level to premium ADAS L2/L2+ highway assist and NCAP/GSR applications. LVF product family provides high-end features and performance at the lowest hardware cost.

LVF-E is a front-view fusion and perception stack for entry-level ADAS L2/L2+ highway assist and 5-star NCAP 2025/GSR 2022.

LVF-H is the premium companion fusion and perception stack in the front-view product family featuring extended sensor configuration.

EXPERIENCE: The CES 2023 Innovation Award-Winning LeddarVision Low-Level Data Fusion and Perception Interactive Dashboard Demonstrations

LeddarVision™ is a low-level sensor fusion and perception solution for automotive and off-road industrial ADAS and autonomous L2-L5 driving applications. Various demonstrations will show how the LeddarVision solution outperforms other solutions that enable ADAS and AD applications. LeddarVision technology was awarded the coveted Sensor Perception award at Tech.AD USA last month in Detroit. In early 2022, it was also recognized by the Volkswagen Group Innovation Tel Aviv 2022 Konnect and CARIAD Startup Challenge and the Shenzhen Automotive Electronics Industry Association.

RIDE ALONG LeddarCar Live: Delegates representing Automotive Tier 1-2 suppliers and OEMs are invited to book a real-world on-road demonstration of LeddarTech’s LeddarVision low-level fusion and perception software technology. Space is limited, so reserve your LeddarCar on-road demo now.

CES delegates are invited to pre-arrange a meeting in one of their two “on-location” meeting rooms for product demonstrations, media and industry analyst interviews or investor discussions.

“CES 2023 is the ideal forum for LeddarTech to share our incredibly unique and multiple award-winning low-level sensing and perception software solutions and products for ADAS and AD applications,” stated Mr. Charles Boulanger, CEO of LeddarTech. “I expect automotive Tier 1-2s and OEMs will be impressed with our game-changing technology,” he added.

About LeddarTech

LeddarTech, a global software company founded in 2007, develops and provides comprehensive perception solutions that enable the deployment of ADAS and autonomous driving applications. LeddarTech’s automotive-grade software applies AI and computer vision algorithms to generate highly accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is leveraged by OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 140 patents granted or applied for that enhance ADAS and AD capabilities. Reliable perception is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232 [email protected]

Investor relations contact and website: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/22263e34-474e-40f9-91d4-0ce7212fab53

GlobeNewswire Distribution ID 8713007

New Oceana Analysis Finds Tuna Fisheries Are Masking USD $411 Million Blue Shark Industry

Oceana calls on regional fishery management organizations and member states to comprehensively manage the fishing of blue sharks

WASHINGTON, Dec. 12, 2022 (GLOBE NEWSWIRE) — A new Oceana-commissioned study reveals that vessels authorized to fish in the waters of designated tuna regional fishery management organizations (RFMOs) are operating major shark fisheries, propping up a massive blue shark (Prionace glauca) commercial fishery with a landing value worth USD $411 million. This first-of-its-kind analysis shows the catch value of blue shark exceeds that of each of the three iconic bluefin tuna fisheries. The report confirms blue shark represents 60% of all reported global shark catches, singularly dominating both the shark fin and meat trade, while direct management of the species remains absent.

Last month at the Convention on International Trade in Endangered Species, world leaders voted to provide protections for 60 shark species, including blue sharks. This decision means these species can only be traded if their stocks are proven to be sustainably managed. Except for a 2019 catch limit set under the jurisdiction of the International Commission for the Conservation of Atlantic Tunas (ICCAT) RFMO, blue sharks are fished without any limits. “Despite being considered one of the most resilient and abundant shark species, blue shark populations are threatened by poor management,” said Philip Chou, Oceana’s Senior Director of Global Policy. “Without proper management, blue sharks and the ecosystems they balance face a perilous future. Direct and active fishery management of blue sharks must begin immediately.”

This report analyzed global data on the catch, trade, and management of sharks and tuna reported to the Food and Agriculture Organization and RFMOs. Researchers led by Poseidon Aquatic Resource Management Ltd. found that nearly 200,000 metric tons of blue shark were legally caught and landed in 2019, amounting to over 7 million blue sharks. Of that catch, 90% was brought in by large-scale commercial fleets, mostly longliners, with 74% flagged to distant-water fishing nations. Spain and Taiwan are responsible for roughly half the total blue shark catch.

To access Oceana’s summary and the full report, visit oceana.org/blueshark. This research was prepared for Oceana’s Transparent Oceans Initiative — an international program that illuminates the global footprint of the world’s distant-water fishing fleets, catalyzing policy change to protect the ocean and the communities who rely on it.

Contact: Anna Baxter, [email protected]

GlobeNewswire Distribution ID 8711327