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Aquaculture News

SeafoodSource.com covers breaking news articles that pertain to the global aquaculture industry. 

New Zealand King Salmon

Following a successful bookbuild process, New Zealand King Salmon has lodged its Product Disclosure Statement (PDS) for an initial public offer (IPO) of 69.2 million ordinary shares.

The company is seeking NZD 30 million (USD 21.7 million, EUR 19.4 million) in new capital to repay debt, to fund future investment and for working capital.

As part of the IPO, existing investor Direct Capital is selling up to NZD 45 million (USD 32.6 million, EUR 29.1 million) of shares in the offer.

Major...

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GOAL 2016

New data presented at GAA’s GOAL conference in Guangzhou, China, has shown global tilapia and pangasius production are growing at a faster rate than farmed shrimp production. In addition, global Atlantic salmon production is expected to decline this year.

Here are the top 5 facts to know about aquaculture production from GOAL:

1.) Global tilapia production is expected to reach 5.97 million tons by 2018, an increase from 5.3 million in 2015, according to data presented by Ragnar Tveteras, a...

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Acadiaharvest

Maine, U.S.A.-based aquaculture firm Acadia Harvest has completed a new round that will give it USD 700,000 (EUR 623,000) to build out a land-based fish farm in Corea, Maine that will have a one-million pound capacity. The Company plans to open its plant in late 2017.

The capital, which comes from a combination of private and institutional investment, will allow the company to fund land acquisition, development and operation permits and some build-out of the farm, which it said would focus on...

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GOAL Conference

The Global Aquaculture Alliance (GAA) made strides in China this week when it signed a memorandum of understanding (MoU) with the Certification and Accreditation Administration of the People’s Republic of China (CNCA), China Entry Exit Inspection and Quarantine Association (CIQA) and Seafood HACCP Alliance (SHA) during the 2016 GOAL Conference, held this year in the city of Guangzhou.

By signing the memorandum, the four organizations have all agreed to work on the establishment of the...

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Molvik

Cermaq's CEO Geir Molvik said the challenges facing aquaculture are “difficult but not insoluble” at a recent meeting of business leaders at the United Nations in New York on 19 September.

The meeting sought to analyze the newly released U.N. report “Future of Spaceship Earth,” a forecast of the global outlook through the year 2050. Specifically, the panel, which also included the leaders of 16 other businesses “at the frontier of progress,” addressed the 17 sustainable development goals...

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