Chris Chase is the Portland, Maine-based associate 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.
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The Covid-19 pandemic was a massively disruptive force impacting businesses across the entire seafood industry.
Stuck at home with restaurants shut down and little to do, consumers began to look for alternative recipes and ways to access seafood, fueling a direct-to-consumer seafood boom. Existing direct-to-consumer companies like Wild Alaskan Company saw massive upticks in business, while more traditional seafood companies and
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Ocean Beauty Seafoods announced its plans to sell off the company’s distribution business.
The company announced in a release that all of its distribution operations, which include facilities in Astoria and Portland, Oregon; Boise, Idaho; Dallas, Texas; Helena, Montana; Renton, Washington; and Salt Lake City, Utah, are now for sale.
It added that the sale is part of a “long-term business strategy” of its owners – the
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Environmental watchdogs have flagged a Mexico-based startup as potentially violating trade laws by selling health supplements using ingredients sourced from the endangered totoaba fish.
The Associated Press reported The Blue Formula has been accused of selling health supplements using ingredients extracted from the totoaba, a critically endangered fish native to the Gulf of California. The species has been listed under the Convention on
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Ålesund, Norway-based salmon farmer and processor Hofseth International has agreed to a deal with Hofseth BioCare (HBC) that will see NOK 144 million (USD 13.8 million, EUR 12.7 million) of the latter company’s debt converted into shares with a subscription price of NOK 9.00 (USD 0.86, EUR 0.79) per B share.
The move, according to a release from HBC, will cover its debt to the salmon farmer for raw materials it has received
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The U.S. Department of Labor is reportedly investigating two seafood processors located in New Bedford, Massachusetts, U.S.A., for alleged child labor and other labor law violations.
The New Bedford Light reported a letter from the U.S. Labor Department said it is investigating Atlantic Red Crab and Sea Watch International, as well as two staffing agencies: Workforce Unlimited and B.J.’s Service Company that provide labor to
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The California Coastal Commission has denied five separate appeals challenging permits granting Nordic Aquafarms’ rights for its planned yellowtail recirculating aquaculture system (RAS) in Humboldt County, California, U.S.A.
The board heard appeals by 350 Humboldt, Redwood Region Audubon Society, Salmonid Restoration Federation, and residents Alison Willy and Scott Frazer on its decision to grant permits with conditions for Nordic
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Iceland Seafood International (ISI) has raised ISK 1.08 billion (USD 7.8 million, EUR 7.1 million) through the issuance of 200 million new shares.
The company authorized the issuance of new shares at a 24 October 2023 shareholders meeting. The move came after the company announced in its Q3 2023 results it was forecasting a lower profit before tax, after a quarter marked by lower sales and the sale of its Iceland Seafood UK division to Danish
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Chicago, Illinois, U.SA.-heaquartered technology solutions provider John Bean Technologies Corporation (JBT) has made a second attempt to acquire Gardabaer, Iceland-based processing equipment manufacturer Marel.
Marel nixed a takeover bid from JBT in late November after the company’s board of directors determined the proposal was not in the best interest of the companies shareholders. The board said that the initial offer, which was
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Lancashire, United Kingdom-based Oceanic Seafoods posted higher turnover, gross profit, and profit before tax in the financial year ending 28 February 2023.
The company, which released its annual report on the U.K. Companies House, posted a turnover for the financial year ending 28 February 2023 of GBP 51.7 million (USD 65.9 million, EUR 60 million), an increase from GBP 33 million (USD 42 million, EUR 38 million) it posted in the same period
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Pacifico Aquaculture has commissioned Billund, Denmark-based Billund Aquaculture – a specialist in recirculating aquaculture systems (RAS) – to design and implement what would be the first striped bass RAS facility in the world in Ensenada Bay, Baja California, Mexico.
The land-based RAS will be designed to raise juvenile striped bass to 80 grams before being transferred to Pacifico Aquaculture’s grow-out sites located 20
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