In the wake of the Outlaw Ocean project report headed up by Ian Urbina – which found evidence of Uyghur and forced labor inside the seafood supply chain – governments and companies alike have kickstarted efforts to stop the current issues outlined in the report and determine how to prevent future incidents.
The report, the result of years of investigation across the seafood supply chain, found evidence that companies inside China
… Read More
Orkney Fishermen’s Society has been sold out of administration to Orkney Crab Ltd., saving the jobs of all 55 staff at the company.
Orkney Fishermen’s Society, founded in 1953, is a supplier of crabs, lobster, and other fresh seafood based in Stromness, Scotland. The company, according to a release, was created as a co-operative society by local fishermen to process and market their products to local mainland Scotland
… Read More
Conagra Brands has filed a new brief supporting its motion to dismiss a class-action lawsuit claiming the company’s use of Marine Stewardship Council (MSC) certification for sustainability claims are “deceptive.”
The lawsuit, filed earlier this year, seeks at least USD 5 million (EUR ) in damages and heavily criticizes both Conagra and the MSC, claiming the sustainability certification organization “blatantly violates its
… Read More
Delegations of coastal states involved in pelagic fisheries in the Northeast Atlantic have reached an agreement on the maximum total allowable catch (TAC) for Atlantic herring, blue whiting, and mackerel in the upcoming fishing season – but now must decide how the quota is divided among them.
In meetings that took place on 17 and 18 October in London, consultations between the various coastal states resulted in TACs for the three species
… Read More
SalMar's board of directors approved an intragroup merger between SalMar and its wholly owned subsidiary NTS.
The approval, posted to the Oslo Børs on 19 October, followed an initial announcement on 18 September that stated SalMar's plan to execute a joint merger plan between the two companies. With the approval, SalMar is the acquiring company of NTS, and the merger has been filed with the Norwegian Registry of Business
… Read More
The Antarctic and Southern Ocean Coalition is calling on the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) to designate marine protected areas (MPAs) and strengthen requirements to enter the region’s krill fishery.
The Antarctic has experienced increased attention in recent years, with several Chinese companies announcing plans to build large krill-fishing vessels and Russia floating the idea of
… Read More
Mowi has announced via a Q3 2023 trading update that it expects its earnings to drop compared to last year.
In its trading update, posted to the Oslo Børs, the salmon-farming company said it expects its operational earnings before interest and taxes (EBIT) to be approximately EUR 203 million (USD 213 million) in Q3 2023, which is down from its EBIT of EUR 240 million (USD 252.8 million) in the same period last year.
The earnings
… Read More
Russia has begun to announce the results of the round of crab investment quota auctions, which will decide who has the rights to harvest crab in multiple regions for years to come.
Russia has been signaling a second round of investment quota auctions throughout 2023, after first introducing the quotas in 2017.
The Russian Federal Agency for Fisheries reported the block of auctions, which started on 16 October, included rights to fish several
… Read More
The trustee overseeing Blue Harvest Fisheries’ Chapter 7 bankruptcy proceedings has filed a motion to proceed with an auction of all the company’s remaining assets on 6 November, as some of the company’s fleet is reportedly already being scrapped.
Blue Harvest filed for Chapter 7 bankruptcy protection on 8 September, soon after the company shut down all of its operations. Chapter 7 bankruptcy means the company has officially
… Read More
Grieg Seafoods has reported its total harvest volume for Q3 2023 has fallen to nearly half of its harvest total in Q3 2022.
In a Q3 2023 trading update posted to the Oslo Børs, the company announced it harvested 12,200 metric tons (MT) of gutted-weight salmon across three locations. In Q2 2022, the company harvested 22,923 MT of gutted-weight salmon – meaning this quarter saw a nearly 47 percent lower harvest than last year.
The
… Read MoreRecent Articles
