Cliff White

Goldman Sachs has completed its takeover of Frøy and will delist it from the Euronext Oslo exchange on 26 September.

The U.S. financial services firm acquired 72 percent of aquaculture services company from SalMar in a deal worth a reported NOK 6.6 billion (USD 630 million, EUR 577 million) in August 2023. Its subsidiary, Falcon Bidco, subsequently made a mandatory NOK 76.50  (USD 6.93, EUR 6.47) offer for each remaining share of

Russia will implement new duties on exports, including seafood, on 1 October, 2023.

The 21 September announcement from the Russian government’s news service said 4 to 7 percent duties “will be applied to a broad range of goods,” and a duty of up to 10 percent will be applied to fertilizer exports.

“This regulation is designed to support the rational balance between exports and domestic consumption,” it said.

New Zealand King Salmon posted a profit in the first half of the year due to reduced mortalities and higher pricing.

The Nelson, New Zealand-based aquaculture firm scored a NZD 10.6 million (USD 6.3 million, EUR 5.9 million) half-year profit, a positive jolt compared to its net loss of NZD 24.5 million in the same time period a year prior. Its earnings before interest, taxes, depreciation and amortization (EBITDA) reached NZD 10.7 million (USD

Seoul, South Korea-headquartered Dongwon Group is considering initial public offerings for three of its subsidiaries to pay for an acquisition target.

Dongwon, which has owned StarKist since purchasing it from Del Monte Foods in 2008, is exploring the potential of issuing IPOs for the Reston, Virginia, U.S.A.-based canned tuna company, as well as two of its other subsidiaries, to give it the funds necessary to purchase HMM, South Korea’s

At least 10 suspected cases of botulism have been reported in France, resulting in one death, as a result of botulism poisoning linked to sardines served in a restaurant in Bordeaux.

The outbreak has been linked to the Tchin Tchin Wine Bar in Bordeaux, located close to the Rugby World Cup 2023 fan zone and in an area popular with tourists. Three of those sickened are Canadian citizens, according to the Public Health Agency of Canada.

Global production of fishmeal and fish oil was down 52 percent in July 2023, hurt primarily by a plunge in Peruvian supply due to the cancelation of the country’s anchoveta season.

Peru’s fishmeal production is down 76 percent year over year through July, according to IFFO, The Marine Ingredients Organization, dragging down global cumulative fishmeal production 31 percent year over year.

IFFO reported lower catches in reduction

Hilton Food Group will build a manufacturing facility in Eastern Canada after signing a long-term supply agreement with Walmart Canada.

The location of the new facility has not yet been announced, but it will supply Walmart with protein products including seafood, beef, lamb, and pork, including added-value products.

"This agreement further extends our global footprint and will be our first manufacturing facility in North America,” Hilton

Laxey, formerly named Icelandic Land Farmed Salmon, has raised EUR 42 million (USD 45 million) in the first phase of its equity fundraising effort.

The company has already commenced construction on a 32,000-metric-ton land-based flowthrough Atlantic salmon farm in a former quarry on Heimaey, the largest of the Westman Islands, situated off the south coast of Iceland. The project includes a hatchery to be completed by the end of 2023 and grow-out