Kópavogur, Iceland-based land-based salmon farming company First Water – formerly known as Landeldi – has raised EUR 82 million (USD 92 million) for its land-based salmon farming project as it prepares to begin the next phase of construction.
The company harvested the first batch of salmon from its land-based farm in Þorlákshöfn, Iceland earlier this year. Since that time, it rebranded under the
… Read MoreRussian fishing industry warns shipbuilding capacity insufficient to meet quota auction requirements
As Russia moves forward on its plans to run a second round of investment-quota auctions in 2023, the country’s shipbuilders are warning they’re already at capacity.
Russia first launched investment quotas in 2017 as a means of incentivizing Russian companies to build new fishing vessels and processing plants inside the country. At the time, Russian Federal Agency for Fisheries Head Ilya Shestakov told SeafoodSource that the
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Alaska's major seafood-processing companies have finally announced what they will pay for Bristol Bay sockeye this season, and the news is not good for fishermen.
Both Peter Pan and Trident Seafoods sent messages to their fishing fleets announcing what their base prices are less than half what they were in 2022. . Those messages, viewed by SeafoodSource, indicate both companies will pay a base price of just USD 0.50 (EUR 0.44) for 2023 Bristol
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St. Johns, Newfoundland and Labrador, Canada-based Ocean Choice International has sold its Port au Choix shrimp processing facility to the Barry Group.
The company announced the sale on 17 July, and said that the Barry Group – a family-owned seafood processing business also based in Newfoundland and Labrador – will commence operation of the plant this month and operate it for the season. Barry Group, founded in the 1830s, already
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Shrimp landings in the U.S. South beat historical averages in March 2023, but were down compared to 2022 as harvesters faced plummeting prices.
According to data collected by the Southern Shrimp Alliance, shrimp landings in the Gulf of Mexico in March beat out their historical average of 2.49 million pounds, or 1,129 metric tons (MT), by 3.8 percent, reaching 2.58 million pounds (1,170 MT) total.
While the landings beat averages, they were down
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A case study on utilizing thermal imaging on board fishing vessels has shown the technology’s potential to increase safety on board fishing vessels.
The case study, which used a Teledyne FLIR thermal camera, installed thermal imaging on the 72.5-meter Vikingur AK 100, an Icelandic fishing vessel that typically targets mackerel, herring, capelin, and blue whiting. Operated by HB Grandi, the thermal imaging was installed by Sónar, a
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Lysaker, Norway-based biotech and krill-harvesting company Aker BioMarine continued its string of revenue increases in Q2 2023, but the gains were not enough to offset high fuel prices and higher production costs.
The company, which posted a net loss in FY 2021, reversed the negative trend in FY 2022 but has since been hit with shrinking margins. Fuel prices, along with higher interest expenses included in financial terms, resulted in a Q2 2023
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The Russian government has been using changes in its tax code to counter problems with fishing vessel maintenance and incentivize the production of higher-processed products and is also directly financing infrastructure improvements in its Far East Fishery Basin.
Russia’s fishing fleet has faced issues accessing foreign ports it used in the past, particularly Norway’s, where Russian shipowners performed vessel repairs. Norway closed
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Ireland has officially designated an area in the Northwest Irish Sea as a special protection area (SPA) covering over 230,000 hectares, designed to serve as a sanctuary for birds.
The area adjoins 12 existing SPAs and is the largest designation for birds in Ireland’s history, Ireland Minister of State for Heritage and Electoral Reform Malcolm Noonan told Afloat. The site adjoins SPAs at Lambay Island; Skerries Island; Ireland’s
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Frøya Municipality, Norway-based SalMar has taken delivery of the “Marine Donut,” a massive plastic structure the company plans to use as an enclosed aquaculture system for farming salmon.
The donut is, as its name implies, a 600-metric-ton donut-shaped, closed-containment fish farm built by Stathelle, Norway aquaculture technoloy firm Bluegreen. The enclosed farm, which Bluegreen said is the largest thermoplastics
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