Cliff White

Paiania, Greece-based Avramar may be sold if its ongoing debt problems cannot be resolved, according to media reports.

Formed in 2020 through the merger of Andromeda Group, Nireus, Selonda, and fish feed producer Perseus, united by funding from U.S.-based company Amerra Capital Management and Abu Dhabi’s Mubadala Investment Company, Avramar has EUR 450 million (USD 480 million) in outstanding loans, according to Capital. Since

Southern Star Seafood’s Fijian subsidiary has obtained a license to export live seafood to the United States and Hong Kong.

The firm, which has operated in Fiji for more than 30 years, will soon begin exporting live mud crab, finfish, spiny lobster, and slipper lobster to the U.S. port of San Francisco, California U.S.A., according to the Fiji Times.

“We believe that there is a strong demand for high-quality, live seafood in the U.S.

Smithfield, Rhode Island, U.S.A.-based Computer Associates (CAI), which offers enterprise resource planning software to the seafood industry, has made a dual acquisition of Alterity and Minotaur Software.

Based in Arlington, Texas, U.S.A., Alterity is the creator of Acctivate, software which centralizes inventory, purchasing, sales and order fulfillment. Mississauga, Ontario, Canada-based Minotaur Software provides data connectivity between

New York City, U.S.A.-based seafood importer Mark Foods has acquired Arista Industries, a New York City-based distributor of frozen seafood.

Founded in 1930 as a specialty oils importer, Arista Industries expanded into supplying marine, plant, vegetable, seed, nut, bean and essential oils, butters, and powders to the pharmaceutical, cosmetics, personal care, nutritional supplement, food and pet food industries. Arista entered the seafood

Jakarta, Indonesia-based aquatech startup DELOS has raised USD 5.75 million (EUR 5.4 million) in its Series A funding round.

DELOS, which describes itself as a “science-driven aquatech company seeking to disrupt the traditional and fragmented aquaculture industry in Indonesia, with eyes on South Asia as a whole,” is developing a management system for shrimp farmers to help them digitalize their farming activities, which the company

New Bedford, Massachusetts, U.S.A.-based Blue Harvest Fisheries has filed for Chapter 7 bankruptcy protection.

A Chapter 7 filing means the company has officially ceased all operations and its assets will be sold off in order to compensate its creditors. Blue Harvest’s fishing partners in New Bedford reported in late August the firm planned to terminate operations imminently.

The company submitted its bankruptcy petition on 8 September to

Bodø, Norway-based Gigante Salmon announced 7 September it expects to spend an additional NOK 200 million (USD 18.8 million, EUR 17.5 million) on its land-based Atlantic salmon farm, which is currently under construction.

Gigante Salmon is building a flow-through salmon aquaculture system on the island of Lille Indre Rosøya, Norway, with a planned 20,000 metric tons of annual production. The total cost of the project has risen to

A consortium of investors organized as the Cibonum Group have acquired a majority stake in RE: Ocean, which is developing a 10,000-metric-ton land-based salmon-farm in Säffle, Sweden.

The Cibonum Group includes Ikea heir Mathias Kamprad, Brummer & Partners Founder Per Josefsson, SeaBay Capital Founder Pelle Törnberg, and Morrison Foerster Partner Per Lindberg. In a 6 September press release, the group said it