Chris Chase

High Liner Foods posted higher sales volumes but lower earnings and gross profit in Q3 2023.

The Lunenburg, Nova Scotia, Canada-based seafood company is predicting it won’t see any growth in its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in its 2023 fiscal year.

High Liner said it sold 61 million pounds of seafood in Q3 2023, up 1 percent from the 60.4 million pounds sold in Q3 2022. Despite the

AquaBounty Technologies has entered into a memorandum of understanding (MoU) with Noble Salmon, a company formed to build and operate a recirculating aquaculture system (RAS) salmon farm in the Republic of Georgia. 

Noble Salmon was formed by the Benish Group, a company founded by Chaim Benish in 1981 that operates in 14 countries, including Switzerland, the Netherlands, Israel, Azerbaijan, Ukraine, Malta, Georgia, Kazakhstan, Moldova,

The New England Fishermen’s Stewardship Association (NEFSA) has promised it will challenge NOAA in court if the administration finalizes an expansion to the Massachusetts Restricted Area (MRA) – a region of the ocean off the coast of the Northeast U.S. that prohibits lobster fishing.  

NOAA is proposing modifications to the MRA that will add the temporary “wedge” closure area to the permanent closures, which last

Credit Suisse has reportedly settled an ongoing legal dispute with shipbuilder Privinvest, closing another chapter of the decade-old Mozambique “tuna bond” scandal.

Lebanon and U.A.E.-based shipbuilder Privinvest was one of the entities involved in the massive tuna bond scandal that anti-corruption experts called “the most egregious corruption offense of the decade.” Credit Suisse was forced to pay penalties of over

Researchers from the Woods Hole Oceanographic Institution confirmed with 99 percent certainty that the Gulf Stream is weakening, and with it the future of seafood species like lobster off the U.S. East Coast is uncertain.

The Gulf Stream transports warm water north from Florida along the East Coast of the U.S., influencing everything from water temperature to weather in Europe. According to a recent study, the Gulf Stream has slowed by 4

Norway and Russia have agreed to cut fishing of Barents Sea cod by 20 percent, contributing to a predicted drop in global supplies of the species in 2024.

The Norwegian-Russian Joint Fishery Commission agreed to a 453,427 metric ton (MT) total allowable catch for cod in the Barents and Norwegian seas. That total will be split between multiple countries, with Norway receiving 212,124 MT, and Russia receiving most of the rest of the quota and

Quickly escalating sea lice levels at Arctic Fish’s Tálknafjörður, Iceland-based salmon farm have forced the company to harvest fish at the location. 

In a Facebook post, the company – which was purchased by Mowi via a share-purchase agreement in 2022 – said the rapidly worsening situation at the farm forced it to harvest fish.

“The number of sea lice has risen quickly to a high level, which has

Atlantic Sapphire said it expects its Q4 2023 harvest volume to drop to its lowest level since it began operating in 2020, but it insisted it is on a path toward achieving break-even earnings before interest, taxes, depreciation, and amortization (EBITDA) by the end of H1 2024. 

Atlantic Sapphire, which operates a recirculating aquaculture system farm in Miami, Florida, U.S.A., announced it expects to harvest 300 metric tons (MT) of salmon

The International Groundfish Forum, an organization representing the global groundfish sector, is predicting the global supply of wild-caught whitefish will remain flat in 2024 as some species see gains while others see big drops. 

The forum, which met in Athens, Greece in October, predicted that the total supply of wild-caught whitefish would be 7.042 million metric tons (MT), down just 1,000 MT from the 7.043 million MT available in 2023.