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Aquaculture News

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

Koreaaquaculture

A dramatic increase in worldwide demand for salmon is spawning aquaculture projects across Asia.

In recent weeks, two large-scale salmon farming projects have been announced in China and South Korea.

The first, initiated by Yunnan Ao Chang Nong Ye Kai Fa Co. is set to break ground in Tengchong, in the mountainous province of Yunnan, which borders Laos and Myanmar and has an economy primarily built around processing and trading jade and timber from Burma. The RMB 70 million (USD 10.2 million...

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Cermaq Humboldt

Japanese conglomerate Mitsubishi Corporation has merged its two major salmon farming companies in Chile into a single entity.

The decision to move Salmones Humboldt into the newly created Cermaq Chile went into effect Thursday, 1 December. According to a joint press release, the merger was planned and implemented representatives from both firms. Union representatives have been informed during the process and customers are being notified of the changes, the company said.

"This integration...

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Calysta

Agriculture and food product giant Cargill is planning to invest in what would be the world’s largest gas fermentation facility in Memphis, Tennessee. Business partner Calysta, Inc. and several other third-party institutions are also involved in the deal.

The facility would be utilized to produce Calysta’s FeedKind protein, “a family of sustainable, traceable nutritional ingredients for fish, livestock and pets,” according to the company. It would be built on Cargill’s 69-acre property on...

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Biomar

Danish fishfeed company BioMar has purchased Chinese firm Haiwei through its joint venture in China, giving the company greater access to the top end of the aquaculture market in China.

Haiwei was purchased three years ago by Tongwei Co., BioMar’s joint venture partner. Tongwei successfully completed a turnaround of the company and it is now a major supplier of fish feed for high-value aquaculture operations, including Japanese sea bass in southern China, according to a company press...

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AquachileHQ

Major farmed salmon and trout producer AquaChile has reported positive results in its third quarter report. However, the totals were not nearly enough to overcome a cumulative loss in 2016 of tens of millions of dollars caused by the toxic algae bloom in February and March, which resulted in large-scale salmon mortalities in Chilean waters.

The Puerto Montt, Chile-based company recorded a third-quarter profit of USD 8.9 million (EUR 8.4 million), the result of higher prices for salmon on the...

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