Chris Chase

Marel shareholder Teleios Capital Partners has sent a letter to the board of directors of the Iceland-headquartered processing-equipment manufacturer expressing concern about the leadership of the company following a failed takeover offer from JBT Corporation.

JBT submitted a non-binding initial proposal to the board of Marel on 24 November, which the board ultimately declined on the grounds that it was too low of an offer based on the current

Proximar Seafood, which operates a land-based salmon recirculating aquaculture system (RAS) in Shizuoka Prefecture, Japan, said it is on track to have its first harvest in Q3 2024 – but higher costs are also forcing the company to raise an addition NOK 165 million (USD 15.3 million, EUR 14 million).

In its Q3 2023 results update, the company said that its total capex has been updated to NOK 1.24 billion (USD 114 million, EUR 105 million),

Newport, Rhode Island, U.S.A.-based Bellevue Asset Management has acquired Newport Lobster Company, a seafood wholesaler based in Aquidneck Island, Rhode Island.

Newport Lobster Company was founded 23 years ago, and supplies Rhode Island and greater New England restaurants with fresh seafood, according to a release. The exact terms of the acquisition were not disclosed.

"Since we started over twenty years ago, we have focused on the needs of

Miami, Florida, U.S.A.-based Blue Star Foods recently released a shareholder update touting the company’s progress in 2023, a year in which it has significantly reduced its losses.

Blue Star Foods Chair and CEO John Keeler said the company’s efforts to reduce its costs have resulted in its quarterly losses dropping steadily throughout the year. Additionally, Blue Star has paid off its convertible debt, which he said had resulted in

Insight360 is currently performing at-sea trials of a new observation system that uses machine learning to refine bycatch monitoring.

Insight360 is the name of both the project and the electronic monitoring tool, developed in part with funding from the U.K. Department of Environment and Rural Affairs (Defra), which is intended to provide a complete 360-degree view of a fishing vessel. Arribada, a nonprofit tech company, is leading the technical

The Future of Fish Feed (F3) has selected the 10 companies that will get to compete in its krill replacement challenge, the latest in a series of contests designed to increase innovation in the aquaculture feed ingredient space.

F3 selected the 10 finalists from 40 different companies that signed up to participate in the competition. F3 has run the challenge every year since 2015, and requires participants to innovate and sell a new

Gardabaer, Iceland-based Marel announced today that it has rejected an unsolicited takeover bid from John Bean Technologies Corporation (JBT), a U.S.-based technology solutions provider.

JBT submitted a non-binding initial proposal to the board of directors of Marel on 24 November which would have seen 100 percent of shares in the Icelandic company transferred to JBT.

JBT also said in its announcement of the takeover bid that it received an

Port Lincoln, South Australia-based yellowtail kingfish farmer Clean Seas is undertaking an operational review following an AUD 7.7 million (USD 5 million, EUR 4.6 million) loss in Q1 2024. 

The company’s review comes alongside a successful AUD 9.5 million (USD 6.3 million, EUR 5.7 million) non-underwritten private placement, which it said will be used for working capital to “facilitate the right sizing” of the business