Chris Chase is the Portland, Maine-based executive editor of SeafoodSource. Previously, he worked covering local issues at the Coastal Journal in Bath, Maine, where he won multiple awards from the Maine Press Association for his news coverage and food reviews. Chris is a graduate of the University of Maine, and got his start in writing by serving as a reporter and later the State Editor of The Maine Campus, an award-winning campus newspaper.
Author Archive
The Kingfish Company is working to intensify its sales efforts as the company neared a breakeven EBITDA and posted increased revenue and volumes sold in Q2 2024.
The Kats, Netherlands-based recirculating aquaculture system (RAS) yellowtail kingfish producer reported sales volumes of 512 metric tons (MT) in Q2 2024, up 36 percent from the 377 MT it posted in Q2 2023. The company’s revenue also increased, reaching EUR 7.3 million (USD 8.1
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Australian supermarket chain Woolworths is facing a shareholder resolution calling for the company to stop sourcing any salmon farmed in Macquarie Harbor, Tasmania.
The move is being led by Sustainable Investment Exchange (SIX), an online investment platform speaking on behalf of 121 Woolworths shareholders. According to SIX, the resolution is being lodged with the support of other ethical investment groups Ethinvest, Ethical Investment
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A group of U.S. government representatives, including U.S. House Natural Resources Committee Ranking Member Raúl M. Grijalva (D-Arizona), and a pair of Canada-based NGOs are pushing the U.S. and Canadian governments to step up enforcement against illegal, unreported, and unregulated (IUU) fishing and human rights violations identified in an Outlaw Ocean report.
Outlaw Ocean first published its report on seafood being processed with
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Australia-based yellowtail kingfish farmer Clean Seas posted losses for the year ending 30 June 2024 after undertaking a detailed operational review.
The company announced the review in Q1 2024 after a turnaround strategy that saw success in 2023 hit a snag and resulted in the company posting a loss of AUD 7.7 million (USD 5.2 million, EUR 4.7 million). Clean Seas said that review has been completed, resulting in a biomass reduction,
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AquaBounty Technologies is planning to sell off its Rollo Bay salmon egg production and broodstock facilities in Prince Edward Island, Canada, to address the company’s cash requirements.
AquaBounty CEO David Melbourne said the move is part of the company working to secure funding for its near- and long-term needs so that it can pursue its growth strategy.
“The Rollo Bay farm was purchased and developed to support an expansion
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Eskifjordur, Iceland-based Kaldvik – which recently changed its name from Ice Fish Farm – posted increased revenues in Q2 2024, but low harvest volumes, as well as harvesting and wellboat costs, led to the company posting a loss.
The company achieved NOK 62 million (USD 5.9 million, EUR 5.3 million) in revenue in Q2 2024, up from NOK 20.6 million (USD 2 million, EUR 1.8 million) posted in the same period of 2023. That
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Australian aquaculture firm Seafarms Group Limited has sustained increased losses as the company continues investing in its Project Sea Dragon shrimp-farming project.
The company is also awaiting the result of a court decision on the potential liquidation of the project.
In its full-year results ending 30 June 2024, Seafarms Group reported after-tax losses of AUD 19.3 million (USD 13.1 million, EUR 11.9 million), increasing 26 percent from
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