Chris Chase

Oceana Canada’s recently released “Fishery Audit 2023” claims the Canadian government and the Department of Fisheries and Oceans (DFO) Canada has made virtually no progress at rebuilding and maintaining the sustainability of its fishing stocks. 

The report is the seventh time Oceana Canada has assessed Canada’s fisheries management, and in that time DFO and the Canadian government has made little progress, the

Lineage Logistics, one of the largest cold storage and logistics companies in the world, is reportedly considering an initial public offering (IPO) with a valuation of more than USD 30 billion (EUR 27.8 billion).

Novi, Michigan, U.S.A.-based Lineage has hired Goldman Sachs Group to work alongside Morgan Stanley as a lead bank to prepare it for the IPO, Bloomberg reported, citing anonymous sources. Bloomberg first reported Lineage was considering

The North Pacific Fishery Management Council, which oversees the quota of the Alaskan pollock industry, decided to maintain the same quota for the species in 2024 at its recent meeting on 9 December – despite industry calls for a higher catch.

The council’s latest meeting decided that the total allowable catch (TAC) of pollock for the Eastern Bering Sea would be 1.3 million metric tons (MT), the same quota that it had last year. The

Two groups devoted to human rights advocacy are calling on the Canadian government to implement targeted sanctions against Chinese seafood companies named in an Outlaw Ocean Project report as using Uyghur and forced labor.

The Uyghur Rights Advocacy Project (URAP) and the Human Rights Action Group formally submitted a recommendation to implement sanctions against Yantai Sanko Fisheries, Yantai Longwin Food, the Chishan Group, Shandong

Nordic Halibut, an ocean-based farmed halibut company with facilities in Midsund, Askøy, and Averøy, Norway, has secured a total of NOK 430 million (USD 39.1 million, EUR 36.4 million) in funding through a combination of financing and a successful private placement.

The company announced on 5 December that it successfully executed a private placement raising gross proceeds of NOK 200 million (USD 18.2 million, EUR 16.9 million).

The Bezos Earth Fund, a USD 10 billion (EUR 9.2 billion) fund created by Amazon Founder Jeff Bezos, has committed USD 100 million (EUR 92 million) to the recently formed Unlocking Blue Pacific Prosperity (UBPP) initiative.

The UBPP initiative was announced at COP28 by a number of member organizations and governments, including the Palau President Surangel Whipps, Tonga Prime Minister Hu’akavameiliku Siaosi Sovaleni, Fiji Permanent

Norway saw high seafood export values in November as a weak kroner coupled with strong demand continued to see the country post big year-over-year increases.

According to data released by the Norwegian Seafood Council (NSC), Norway exported NOK 16.7 billion (USD 1.5 billion, EUR 1.4 billion) worth of seafood in the month of November, an increase of 17 percent over the NOK 14.4 billion (USD 1.3 billion, EUR 1.2 billion) the country exported in

SalMar has culled approximately 1.2 million salmon at its Ørnfjordbotn, Senja, Norway-based salmon farm after an inflex of jellyfish caused harm to fish housed at the site. 

The company said it had a “threatening” influx of Apolemia uvaria, a type of string jellyfish that grows in colonies that can stretch up to three meters long. The jellyfish are venomous, with a sting that can be painful to humans and cause damage to

Fosnavåg, Norway-based HAV Design, along with North Salmon Service, have received funding from Enova to develop a wellboat that can use ammonia as fuel.

North Salmon Service currently operates two wellboats for Nova Sea, Salten Aqua, and other customers. The project, a release from HAV Design said, will through a six-month preliminary project develop a wellboat equipped with a dual-fuel engine that is intended to reduce fuel consumption