Cliff White is the executive editor of SeafoodSource. He has 15 years of experience as a professional journalist, including serving as the senior business reporter for the McClatchy-owned Centre Daily Times in State College, Pennsylvania, where he won state and national awards for his coverage of the development of the Marcellus Shale natural gas deposit and the Jerry Sandusky scandal.
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Chittagong, Bangladesh-based Meenhar Group has closed down after a bank filed suit against it seeking BDT 1.78 billion (USD 16.1 million, EUR 14.7 million).
Bangladesh’s One Bank, which had supplied a loan facility to the company since 2011, filed three separate suits against Meenhar Group subsidiaries in July 2023, seeking BDT 790 million (USD 7.2 million, EUR 6.5 million) from Meenhar Sea Foods, BDT 456 million (USD 4.2 million, EUR 3.8
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Rancho Dominguez, California, U.S.A.-based Santa Monica Seafood and Montreal, Quebec, Canada-based Lagoon Seafood have completed expansion projects.
In February 2023, Santa Monica Seafood began construction on a new 26,000-sqaure-foot facility in Elkridge, Maryland, U.S.A. The seafood production, packaging, and warehousing facility has now been completed, according to Krusinski Construction Company.
“Following a partial demolition,
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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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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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