Chris Chase

American shrimp-farming company American Mariculture, along with American Penaeid and Sun Shrimp Gourmet, have filed for Chapter 11 bankruptcy protection citing financial difficulties following multiple hurricanes and business downturns.

Co-founded by Robin Pearl in 2013, the three companies’ original plan was to raise shrimp for consumption, but after operational issues early on, the company switched to producing broodstock for other

Multiple companies in Russia have either reduced or completely eliminated fines brought against them by the Russian Federal Fisheries Agency (Rosrybolovstvo) after bringing the matters to court.

The Russian government first approved its investment quota program in 2017 and held its first round of auctions in March 2018. At the time, Rosrybolovstvo gave companies a five-year deadline to fulfill their commitment to either build a fishing

The equipment and materials slated to be installed in AquaBounty Technologies’ Pioneer, Ohio, U.S.A.-based salmon recirculating aquaculture system (RAS) facility are up for auction now that the company has given up on the project.

New Mill Capital has listed a 4 February start date for the sale of AquaBounty’s assets related to its planned Ohio RAS. Equipment on offer includes HVAC systems; 40 disc filters; 30 Innovasea fingerling,

A study by the All-Russian Association of Fishing Industry (VARPE) found Russia is selling more crab domestically after losing its market in the U.S.

A recent study by VARPE and NTech – a research company that studies the domestic fish market in Russia – found the domestic market for crab increased by nearly 20 percent by the end of 2024. VARPE said based on the study, Russians bought nearly 8,000 metric tons (MT) of crab in the

Land-based salmon-farming company Salmon Evolution has begun to sell post-smolt to salmon-farming companies to utilize its overcapacity and said its delayed harvest strategy paid off in a higher price achievement in Q4 2024.

In its latest operational update, the hybrid flow-through aquaculture firm said it achieved a Q4 2024 harvest of 1,729 metric tons (MT) head-on gutted (HOG) salmon. That total is significantly up from the 1,104 MT harvest

Land-based salmon-farming firm Proximar Seafood said it is seeing positive feedback on its first harvests of Atlantic salmon but has had to further delay its expectations due to biofilter incidents.

The company sold its first-ever salmon harvest from its recirculating aquaculture system (RAS) facility in late 2024, and in a recent production update, the company said it has continued to receive positive feedback on the product. Proximar built a

Australian yellowtail kingfish-farming firm Clean Seas has issued a new update on its lowered harvest guidance that led the company’s stock price to reach a new low.  

Clean Seas first announced on the Australian Stock Exchange (ASX) on 1 November that it was experiencing higher mortalities than expected and that it revised its sales volumes for FY 2025 to between 2,550 metric tons (MT) and 2,650 MT, resulting in a breakeven or

Lobster 207 and the Maine Lobstering Union have reached a settlement worth more than USD 5 million (EUR 4.8 million) after five years of litigation against the latter firm's former CEO Warren Pettegrow. 

The Maine Lobstering Union owns Lobster 207, a Trenton, Maine, U.S.A.-based lobster wholesaler and co-op. The union sued husband and wife Anthony and Josette Pettegrow, along with their son Warren, in 2019 alleging they defrauded the union

Canada Prime Minister Justin Trudeau has announced he plans to resign from the role once his Liberal Party names a successor, and asked the governor general to prorogue the country’s Parliament until 24 March. 

The CBC reported his resignation Monday. Trudeau issued a speech saying that despite leading the longest session of a minority parliament in Canadian history, the lack of progress lead him to ask the Governor General to