Mariculture AS, a wholly-owned subsidiary of Salmar Aker Ocean, has officially received clearance from the Norwegian Directorate of Fisheries to establish its “smart fish farm” in the Norwegian Sea.
The directorate announced on 25 September that the company’s application – which was submitted on 5 January, 2021 – has been cleared, granting it eight development permits at the site “Frøya” in
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Just over one year ago, Canada-based Cooke Inc. reached an agreement to purchase Australia-based aquaculture firm Tassal.
On 21 November, 2022, Cooke officially acquired the company, paying cash by way of a scheme with a total enterprise value of AUD 1.7 billion (USD 1.08 billion, EUR 1.03 billion). The purchase was the largest in Cooke's history and heralded the company’s entrance into the Australian market. It also took Tassal from
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Norcod has been granted additional permissions by the government to establish new production facilities in the Nesna municipality, located in the Nordland county in Norway.
The new permissions, the company announced in a stock filing, gives the company an additional total maximum allowed biomass of 3,599 metric tons (MT). The new location, dubbed Bjørnvika, joins its existing facility in Nesna and forms a “production cluster”
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Atlantic Sapphire, which is working to build one of the largest salmon recirculating aquaculture system (RAS) facilities in the world in Miami, Florida, U.S.A, recently raised NOK 702 million (USD 65 million, EUR 61 million) in funding via a private placement.
The company announced it received the funds through the placement of over 501 million new shares at a new share price of NOK 1.40 (USD 0.13, EUR 0.12). The company announced the
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Iceland Seafood International (ISI) CEO Bjarni Ármannsson has stepped down after five years in the position, and will be replaced by Brim Chief Operating Officer Ægir Páll Friðbertsson.
The company announced on 25 September that Friðbertsson will officially take over as CEO on 1 November, and Ármannsson will support the transition process until that time.
Ármannsson is also selling off the stake
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Democrats in the U.S. House Natural Resources Committee renewed criticism of NOAA’s handling of misspent funds by the Western Pacific Regional Fishery Management Council (WPRFMC) in a letter calling for action.
The letter, signed by multiple members of the committee including U.S. Rep. Raul Grijalva (D-Arizona) and U.S. Rep. Jared Huffman (D-California), referenced an audit by the U.S. Department of Commerce Office of Inspector General
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Arctic Fish has reported it is under a public investigation in Iceland following a salmon escape at its facility in Kvigindisdalur in Patreksfjordur, Iceland.
The said MAST, the Icelandic Food and Veterinary Authority, is leading the investigation into the escape. Arctic Fish reported the escape to authorities on 20 August after it discovered two “small holes” measuring 20 by 30 centimeters in its net pens.
According to the
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The release of treated wastewater from the damaged Fukushima Daiichi Nuclear Power Station has some Japanese companies fearing the long-term impacts of the decision.
Tokyo Electric Power Company Holdings (TEPCO) had been planning to release the water for years, and regulatory authorities finally gave the go-ahead in August, offering assurance it would cause no harm to sea life or the ocean. Despite those assurances, purported concerns about
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The Western Pacific Fishery Management Council, at its latest meeting, again signaled its opposition to the administration of U.S. President Joe Biden’s plans to establish a new marine monument in the Pacific Remote Islands.
The administration’s proposal would form a new sanctuary around the Pacific Remote Islands using the National Marine Sanctuaries Act, creating a 770,000 square mile area that would be fully conserved. The
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Statt Torsk has officially agreed to merge with Vesterålen Havbruk, roughly one month after it announced it was pursuing a business transaction.
In a posting to the Oslo Børs, the Stokkeneset, Norway-based cod-farming company announced it entered into a transaction agreement for a “business combination” between it and Vesterålen Havbruk. The result of the merger will be the transfer of all of Statt Torks’s
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