Chris Chase

Aquaculture biotechnology company Benchmark Genetics has helped close a gap in shellfish genomics that it said will help support the long-term sustainability of shellfish aquaculture in Europe. Researchers with the company, along with six leading European research institutions – the University of Padova (Italy), the University of Santiago de Compostela (Spain), CIIMAR (Portugal), The Roslin Institute at the University of Edinburgh (United… Read More

Norway’s Directorate of Fisheries said Mowi Seawater Norway reported an escape incident that occurred on 7 May at its Brattholmen, Norway location.  According to the Directorate of Fisheries, the company reported an escape of approximately 14,500 farmed salmon, though it also said there is uncertainty surrounding that figure. Mowi said the salmon in the cage average over four kilograms in weight.  “The Directorate of Fisheries has ordered… Read More

Cooke is purchasing the salmon-farming operations of Mowi Canada East, the two companies announced on 30 June. The two companies announced they have entered a share purchase agreement, which will see Cooke acquire Mowi’s Atlantic Canada operations for CAD 225 million (USD 158 million, EUR 138 million) on a debt-free basis. Mowi said its current operations in Mowi Canada East comprise 9,000 gross weight tons (GWT) of standing biomass. With the… Read More

Multiple media reports indicate that the administration of U.S. President Donald Trump will decline to extend the United States-Mexico-Canada (USMCA) agreement, triggering a process that could see it leave the trade deal in a decade barring a new decision.  The USMCA was set in motion in 2018 as the previous trade agreement for the three countries – the North American Free Trade Agreement (NAFTA) – was replaced under the prior Trump… Read More

Nordic Halibut has acquired seafood processing company Pure Norwegian Seafood (PNS) from Måsøval, following a resolution in a dispute between Måsøval and PNS over illegal sales of salmon.  Nordic Halibut announced the purchase on the Oslo Børs, saying the purchase follows on a 12 March 2025 option agreement made with Måsøval to acquire PNS. That earlier agreement also granted Nordic Halibut the right to use PNS’ processing facilities… Read More

Umios Corporation has purchased a 51 percent stake in Pet World International (PWI), a major supplier of pet food in Malaysia and Southeast Asia. Umios, formerly known as Maruha Nichiro, announced its purchase will go through a newly established, unnamed holding company. According to a release about the purchase, it will consist of a JPY 11.4 billion (USD 70 million, EUR 61 million) transaction involving the acquisition of 7.9 million shares of… Read More

Red Lobster’s failed Ultimate Endless Shrimp promotion in 2023 is back in the spotlight in a new lawsuit launched against Thai Union by some of Red Lobster’s creditors. Red Lobster made all-you-can-eat shrimp a permanent fixture on its menu in June 2023 and, by the end of that year, was reporting a significant financial hit as a result. The promotional event, which sold unlimited shrimp for USD 20 (EUR 17.49), was later cited in Red… Read More

The Russian-Norwegian Arctic Fisheries Working Group is recommending an increase to the Barents Sea cod quota in 2027. The working group said the total catch of Northeast Arctic cod in the Barents Sea should be no more than 312,667 metric tons (MT) in 2027. That total is a 16 percent increase over the advice it gave for 2026 and 10 percent higher than the amount Norway and Russia agreed to fish. “The council is raising the quota because the… Read More

Kats, Netherlands-based Kingfish Company has successfully closed a EUR 21 million (USD 24 million) private placement in what the company called a major milestone. Kingfish announced the private placement on 12 May via a private placement of over 392 million ordinary shares. The fundraise was part of a strategic financial restructuring, which the company said would result in a simplified capital structure and a reduction in its net debt.  As of… Read More

Fortune Fish & Gourmet has acquired the Houston and New Orleans operating divisions of Inland Fresh Seafood Corporation, known as Inland Foods, in a deal that will close on 27 June. In a joint press release, the two companies announced the deal, which will see Fortune expand its operations in Texas, Louisiana, and Southern Mississippi. Inland said the sale will allow it to “sharpen its focus” on its operations in the Southeast U.S. The… Read More