Chris Chase

AquaBounty Technologies reported a drop in revenue and widening losses in Q2 2023 as lower salmon prices hit the company’s bottom line.

The recirculating aquaculture system (RAS) company reported revenue of USD 788,000 (EUR 720,000) in Q2 2023, a 26 percent drop from the USD 1.1 million (EUR 1 million) it reported in Q2 2021. While the Company’s revenue dropped by USD 312,000 (EUR 285,000), it’s losses widened by USD 1 million

The U.S. state of South Carolina has filed a complaint against the federal government claiming the U.S Fish and Wildlife Service (FWS) does not have the right to limit fishing access to the Cape Romain National Wildlife Refuge – an area used for harvesting horseshoe crabs as part of a lucrative blood-draw business. 

The refuge, which covers 66,306 acres of land including islands, salt marsh, and waterways, was established in 1932 as a

Stokkeneset, Norway-based Statt Torsk has reported an increase in mortalities at two of its cod-farming sites.

The company reported that in June and July, its Stokkeneset location experienced a temporary increase in mortality that has since abated. According to a company press release posted to the Oslo Børs stock exchange, the economic consequences of the mortalities – the cause of which is still unverified – is estimated to

Stolt Sea Farm is planning to expand the flatfish hatchery at its land-based recirculating aquaculture facility in Cervo, Spain to increase its production of turbot and sole.

In a press release, the company announced the government of Galicia, Spain, gave it the final green light it needed to build an extension on its hatchery. The company already received a construction license and a favorable environmental impact report, it said.

“This

Ocean 14 Capital, a fund devoted to investing in companies working to achieve U.N. Sustainable Development Goal 14: Life Below Water, has surpassed its original EUR 150 million (USD 164 million) target.

The fund, founded in 2019, is a partnership between Pontos Aqua, the Blue Marine Foundation, and Vedra Partners advised by scientists, marine biologists, and impact investors. The fund works to invest in companies innovating in the fields of

The next edition of Seafood Expo Asia, taking place 11 to 13 September at the Sands Expo and Convention Centre in Singapore, is set to be the largest in the event’s history.

Event organizer Diversified Communications announced that as of 1 August, the show is nearly fully booked with an exhibit floor that will be 84 percent larger than last year. This 2023 edition of the expo also marks the second time the event will take place in

Icelandic seafood company Brim has decided to close down fish processing at its subsidiary’s Kambs Fish Processing facility in Hafnarfjörður, Iceland, with the plant’s last operational day slated for 30 October at the latest.

Brim acquired Fiskvinnslan Kambur, which operated Kambs Fish Processing, in October 2019, and said it now plans to merge the operations at the plant with its processing operations in Reykjavik,

The U.S. state of Mississippi is opening up more areas of its coastline to on-bottom molluscan shellfish leases in a bid to increase oyster production in the state. 

The Mississippi Department of Marine Resource (MDMR) is still actively seeking requests for proposals from interested parties looking to perform shellfish aquaculture – mainly oyster aquaculture – via on-bottom farms. The new effort stems from the passage of Senate

New England Seafood International (NESI) is reportedly closing in on completing a major expansion of its processing operations in Grimsby, United Kingdom, partially in thanks to a GBP 3.8 million (USD 4.8 million, EUR 4.4 million) grant.

The grant, given to the company via the U.K. Seafood Fund, will help the company double its footprint in Grimsby’s “Europarc,” BusinessLive reported. The grant, it said, will help cover