AquaFounders Capital, founded by former Kingfish Company CEO Ohad Maiman and former Atlantic Sapphire CTO Thue Holm, is changing its funding and development strategy and plans to develop a new recirculating aquaculture system solution and a high-value species farming operation in Europe.
The Amsterdam, the Netherlands-based company was formed earlier this year as an investment company, with the goal of investing in multiple farming, software,
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San Diego, California, U.S.A.-based Catalina Offshore Products has been sold to Beish Holdings, a new company founded by local fishmongers Kathy and Dave Strangman and cattle rancher Jose Chacon.
Dave Rudie, who founded the company in the 1970s, has sold the company in order to retire, according to a press release.
“I’ve worked many years to build Catalina Offshore Products into the strong, successful, and revered company it is
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Ocean Beauty Seafoods’ Echo Falls Smoked Wild Alaskan Sockeye Nuggets and Trident Seafoods’ Kraken Stash IPA Beer Battered Wild Alaska Pollock Fillets won the retail and foodservice awards at the 2023 Alaska Symphony of Seafoods.
The Alaska Fisheries Development Foundation (AFDF) announced the winners at the Pacific Marine Expo on 9 November. The competition, organized by the Alaska Fisheries Development Foundation since 1994, is for
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Irida has purchased an 83.5 percent stake in Greek sea bream and sea bass farmer Galaxidi Marine Farm.
Headquartered in Galaxidi, Greece, Galaxidi Marine Farm produces more than 15,000 metric tons (MT) of sea bass, sea bream, and meagre at seven sites in Greece’s Corinthian Gulf and one in L’Ametlla, Spain. It also operates two fish hatcheries in Galaxidi and Desfina, and processing facilities in Galaxidi and in L'Ametlla. Most of
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Limited availability of king crab and snow crab has boosted U.S. buyer interest, in defiance of a downward sales trend across the seafood category.
On 15 October, the red king crab fishery in Alaska’s Bristol Bay officially opened with a 2.2-million-pound quota, following a two-year closure. As recently as 2016, the total allowable harvest was set at 8.47 million pounds; in 1980, it was 130 million pounds.
Alaska crab fishermen have thus
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Lower fishmeal and fish oil production coincided with slowing Chinese demand in October 2023.
While the use of marine raw materials remains in line with that of previous years, cumulative global fishmeal production during the first nine months of 2023 was down 26 percent year over year, according to IFFO, The Marine Ingredients Organization.
The predominant factor behind the decline has been a 70 percent year-on-year production decrease in Peru,
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WSense, an aquatech firm based in Rome, Italy, that is developing an underwater wireless communications system, has pulled in a EUR 9 million (USD 9.8 million) investment.
The commercial spinoff of research completed at Rome’s Sapienza University is working to commercialize a communications system that can deliver real-time information delivery and communication exchange for underwater environments. Its Series A fundraising round attracted
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Mediterra Capital has sold a majority stake in Turkish sea bass and sea bream producer Lucky Fish to E20 Investment, a United Arab Emirates-based agribusiness investment firm.
Mediterra, a private equity firm specializing in mid- and small-market investments in Turkey, has EUR 330 million (USD 308 million) under management, and has invested in 19 companies in Turkey since it was founded in 2011. It acquired 100 percent of Lucky Fish in 2013, and
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Struggling with slower-than-expected growth of fish at its farms and a new salmon tax implemented by the Faroese government, Bakkafrost laid off 140 of its value-added processing workers on 8 November.
Earlier in November, Glyvrar, Faroe Islands-based Bakkafrost Group announced a decision to delay some planned harvests after recording slower growth and other biological challenges. In a statement, Bakkafrost CEO Regin Jacobsen blamed the
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A collaboration between Colors Farm, Evogene, and Ben-Gurion University is seeking to develop a gene-editing technology for giant freshwater prawn (Macrobrachium rosenbergii), whiteleg shrimp (Litopenaeus vannamei), and red swamp crayfish (Procambarus clarkii).
Powered by a competitive grant from the Israel Innovation Authority, Hazeva, Israel-based sustainable aquaculture firm Colors Farm is planning to use computational biology solutions from
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