Trident Seafoods announced 12 December it plans to sell off a significant portion of its assets in Alaska and to trim its workforce by 10 percent.
The Seattle, Washington, U.S.A.-based vertically integrated seafood harvesting and processing firm, which has around 9,000 employees globally, said it will aim to divest itself of its Alaskan assets in Kodiak, Ketchikan, Petersburg, and False Pass, as well as the South Naknek Diamond NN cannery
… Read MoreDubai, United Arab Emirates-based Aqua Bridge Group, which provides services and management expertise for the aquaculture industry globally, is considering an initial public offering on the Dubai Nasdaq stock exchange.
The company, which a year ago won a contract to build a multi-species hatchery in the Maldives and, in 2020, struck a deal with Aqua Green Israel for the development of recirculating aquaculture systems to address demand for
… Read MoreOliver Peoples is the president and CEO of Yield10 Bioscience, which is developing Camelina sativa as a sustainable platform crop to produce feedstock oil for omega-3 oil. The company recently won approval from the U.S. Department of Agriculture Animal and Plant Health Inspection Service (USDA-APHIS) to grown and breed its stacked herbicide tolerant camelina in the U.S. The Woburn, Massachusetts, U.S.A-based company signed a letter of
… Read MoreOregon’s Dungeness crab fishery will open 16 December, while crabbers in California will have to wait at least until at least 21 December to begin setting traps.
Fishermen from Oregon’s border with California up to Cape Foulweather, about halfway up the U.S. state’s coast, have gotten the go-ahead from the Oregon Department of Fish and Wildlife to begin laying traps at 8 a.m. on 13 December, after the department’s testing
… Read MoreAustralian seafood lovers are enjoying an abundance of supply and reduced prices on their favorite treats moving into the year-end holidays.
Prices are down as much as 50 percent year over year for some of Australia’s most renowned seafoods, including prawns and rock lobster, according to The Guardian.
At Australia’s two largest grocery chains, Coles and Woolworths, raw king prawns are selling for AUD 18 (USD 12, EUR 11) a kilo.
… Read MoreInarctica, Russia’s largest aquaculture company, has raised RUB 3 billion (USD 32 million, EUR 30 million) through a secondary public offering of 3.3 million shares sold for RUB 900 (USD 9.74, EUR 9.02) each.
The Moscow, Russia-based salmon- and trout-farming firm, which changed its name from Russian Aquaculture in August 2022, attracted more than 13,000 new investors and increased the free float of the company’s ownership to
… Read MoreCarballo, Spain-based Grupo Calvo has changed its name to Nauterra.
The 80-year-old fish-canning firm is rebranding to give itself a unifying umbrella entity for its Calvo, Nostromo, and Gomes Da Costa brands.
“Accompanying the rebranding is a new visual identity and a renewed emphasis on offering consumers healthy and quality food options,” it said in a 16 November press release.
The new name will accompany a company restructuring,
… Read MoreIJmuiden, the Netherlands-based Maxima Seafood has been acquired by Japanese conglomerate Nissui.
Founded in 1974, Maxima Seafood trades in fresh and frozen fish caught in the North Sea. Its current management is composed of Martijn Spilt, Martin Riemer, and Willem Hoeve. The company confirmed the transaction via its social media accounts, without providing details of the sale.
“We are happy to inform you about joining the Nissui group.
… Read MorePancreatic disease has been detected at farming sites operated by Mowi and its subsidiary Nova Sea in Norway.
Pancreatic disease (PD) can cause lower growth in farmed salmon as they lose hunger and become more susceptible to other diseases, often leading to death.
Mowi’s 10447 Mefaldskjæret and 31857 Blomsøråsa sites in Alstahaug municipality in Nordland county were confirmed to have incidences of pancreatic disease by
… Read MoreA lawsuit alleging Inland Seafood’s financial situation was misrepresented during a sale of the company to its employees in 2016 was dismissed on 5 December 2023.
US. District Court Judge Leigh Martin May ruled in favor of a motion by Inland Trustee James R. Urbach to dismiss the case on the grounds the plaintiffs did not fully pursue remedy of their problems with the employee stock ownership plan before filing suit.
The suit, filed 18
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