Chris Chase

Land-based salmon-farming company Proximar Seafood is planning a private placement to issue new bonds due in 2029 of up to NOK 250 million (USD 25.8 million, EUR 22.6 million).  Proximar Seafood is operating a land-based salmon recirculating aquaculture system (RAS) in Yokohama, Japan. The company harvested its first fish at the facility in October 2024 and, since that time, has reached its biomass target at its facility, with plans to harvest… Read More

Pure Salmon has gained key approval from the Department Council for the Environment, Health, and Technological Risks (CODERST) in Gironde, France, for its salmon recirculating aquaculture system (RAS).  Pure Salmon, a subsidiary of 8F Asset Management, has been working to clear regulatory hurdles to build a salmon RAS in Le Verdon-sur-Mer. The company is targeting 10,000 metric tons (MT) of Atlantic salmon production per year, using a fully… Read More

Three separate Norwegian salmon-farming companies – Sjybol, Kobbvåglaks, and Selsøyvik Havbruk – have agreed to acquire portions of Arctic Seafood Group.  Sjybol, which is also the owner of Lovundlaks, will be the largest owner of the company with a 49 percent stake. Kobbvåglaks and Selsøyvik Havbruk will each own the remaining portion, splitting it evenly with 25.5 percent of ownership each. The acquisition will give the three… Read More

The U.S. and India are still working out the details on a trade deal over a year after negotiations began.  The U.S. and India launched bilateral trade talks in February 2025 following a meeting between U.S. President Donald Trump and India Prime Minister Narendra Modi. Since that time, the two countries have engaged in smaller trade actions, such as a trade deal in February 2026 that lowered U.S. tariffs on Indian goods. India was hit by 25… Read More

Aker BioMarine and Aker have announced a proposed merger between the two companies after attempts to sell it fell flat. Aker BioMarine announced on 12 February that the company appointed financial advisors Jefferies and Houlihan Lokey to support exploring alternatives for its Human Health Ingredient business. Following that announcement, the company and its advisors conducted pre-marketing efforts and began exploring options.  In its latest… Read More

Portland, Oregon-based Pacific Seafood has confirmed the acquisition of Ocean Beauty Seafoods’ distribution business. Ocean Beauty Seafoods announced it was planning to sell off its distribution business in December 2023, which included its distribution operations in Astoria and Portland, Oregon; Boise, Idaho; Dallas, Texas; Helena, Montana; Renton, Washington; and Salt Lake City, Utah. The move was part of a long term business strategy of… Read More

The Yucatán Peninsula in Mexico is home to the largest octopus fishery in North America and one of the largest in the world, and Instinción Trading Founder Fabrizio Mata wants more people to know about it.  Maya octopus, also known as Yucatán octopus, pulpo Maya, or the four-eyed octopus, is caught in the region of Mexico that gave it its name. According to data from Mexico’s National Aquaculture and Fisheries Commission, the average catch… Read More

The Congressional-Executive Commission on China (CECC) is calling on the administration of U.S. President Donald Trump to ban seafood caught or processed by China, citing concerns over forced labor.  CECC Chair Senator Dan Sullivan (R-Alaska) and Co-Chair Representative Christopher Smith (R-New Jersey), along with commissioners Representative Dale Strong (R-Alabama) and Representative Tom Suozzi (D-New York)  wrote a letter to Trump calling… Read More

The European Union has failed to finalize new sanctions against Russia after three days of negotiations, with further discussion on the matter slated for 22 July. The E.U. unveiled a sanction package in June that would have placed restrictions on a new swath of goods from Russia. Included among the proposal was a complete ban on all Russian cod and restrictions on a number of other seafood species.  That initial suggestion has reportedly begun… Read More

The administration of U.S. President Donald Trump has announced new tariffs on Brazil, with several exceptions for certain seafood items. The Office of the United States Trade Representative (USTR) announced new 25 percent tariffs on imports from Brazil following a Section 301 investigation. The USTR said the tariff action follows an investigation it started in 2025, just days after Trump threatened 50 percent tariffs on the country claiming it… Read More