Canada lobster fishing areas (LFAs) 33 and 34 are officially open for the season, with solid prices helping harvesters brave chilly December conditions.
Fishermen in LFA 33 set their gear on Sunday, 26 November, and hauled traps in the following day, receiving CAD 10.00 (USD 7.37, EUR 6.82) per pound from dealers. Neighboring LFA 34, the largest fishery in Canada, opened on 2 December after LFA 34 port representatives delayed the start five days
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As the Western and Central Pacific Fisheries Commission (WCPFC) kicks off its 20th regular session from 4 to 8 December, nongovernmental organizations are calling on the commission to establish harvest control rules, tighten scrutiny of fish aggregating device (FAD) use, and maintain levels of observer coverage.
The WCPFC, which manages tuna fisheries in some of the most productive regions of the world, adopted a management procedure
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Marel shareholder Teleios Capital Partners has sent a letter to the board of directors of the Iceland-headquartered processing-equipment manufacturer expressing concern about the leadership of the company following a failed takeover offer from JBT Corporation.
JBT submitted a non-binding initial proposal to the board of Marel on 24 November, which the board ultimately declined on the grounds that it was too low of an offer based on the current
… Read MoreProximar Seafood on track for first harvest, raising additional USD 15 million to cover higher costs
Proximar Seafood, which operates a land-based salmon recirculating aquaculture system (RAS) in Shizuoka Prefecture, Japan, said it is on track to have its first harvest in Q3 2024 – but higher costs are also forcing the company to raise an addition NOK 165 million (USD 15.3 million, EUR 14 million).
In its Q3 2023 results update, the company said that its total capex has been updated to NOK 1.24 billion (USD 114 million, EUR 105 million),
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Newport, Rhode Island, U.S.A.-based Bellevue Asset Management has acquired Newport Lobster Company, a seafood wholesaler based in Aquidneck Island, Rhode Island.
Newport Lobster Company was founded 23 years ago, and supplies Rhode Island and greater New England restaurants with fresh seafood, according to a release. The exact terms of the acquisition were not disclosed.
"Since we started over twenty years ago, we have focused on the needs of
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Editor's note: A paragraph on communications between U.S. companies and The Outlaw Ocean and SeafoodSource has been adjusted to further specify the correspondence with the companies named in the report.
The Outlaw Ocean Project, which released a report in October implicating seafood processed with Uyghur labor is making it into the U.S. seafood supply chain, has released a video highlighting how it gathered its information.
Miami, Florida, U.S.A.-based Blue Star Foods recently released a shareholder update touting the company’s progress in 2023, a year in which it has significantly reduced its losses.
Blue Star Foods Chair and CEO John Keeler said the company’s efforts to reduce its costs have resulted in its quarterly losses dropping steadily throughout the year. Additionally, Blue Star has paid off its convertible debt, which he said had resulted in
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Insight360 is currently performing at-sea trials of a new observation system that uses machine learning to refine bycatch monitoring.
Insight360 is the name of both the project and the electronic monitoring tool, developed in part with funding from the U.K. Department of Environment and Rural Affairs (Defra), which is intended to provide a complete 360-degree view of a fishing vessel. Arribada, a nonprofit tech company, is leading the technical
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The Future of Fish Feed (F3) has selected the 10 companies that will get to compete in its krill replacement challenge, the latest in a series of contests designed to increase innovation in the aquaculture feed ingredient space.
F3 selected the 10 finalists from 40 different companies that signed up to participate in the competition. F3 has run the challenge every year since 2015, and requires participants to innovate and sell a new
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Gardabaer, Iceland-based Marel announced today that it has rejected an unsolicited takeover bid from John Bean Technologies Corporation (JBT), a U.S.-based technology solutions provider.
JBT submitted a non-binding initial proposal to the board of directors of Marel on 24 November which would have seen 100 percent of shares in the Icelandic company transferred to JBT.
JBT also said in its announcement of the takeover bid that it received an
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