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
Icelandic private equity fund Haf Investments has acquired NP Innovation, a developer and producer of water treatment products for the aquaculture industry.
The purchase, which is still subject to regulatory approval in Iceland, adds to the investment fund’s growing portfolio in the seafood industry and blue economy businesses since its founding in February 2023. Haf Investments was recently part of a NOK 20.4 million (USD 1.8 million,
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The High Court of the Republic of Singapore has granted Barramundi Group a three-month extension on a moratorium that is keeping the company from entering receivership.
Barramundi Group first asked for a six-month reprieve on receivership and legal proceedings against the company in October 2024. Under Singapore law, the company is allowed to request relief from the court under Section 64 of the country’s Insolvency, Restructuring, and
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A first-of-its-kind case study on the living conditions on board the Papua New Guinea (PNG) tuna fleet has revealed how third-party certifications can help benefit workers.
The study was performed by the Fishing Industry Association of Papua New Guinea (FIA PNG), which collaborated with the Australian National Centre for Ocean Resources and Security (ANCORS) and the University of Wollongong to analyze data on non-conformities found during its
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Shrimp-farming firm NaturalShrimp is facing the potential liquidation of its assets after a court-appointed receiver determined it to be the best way to secure assets of lenders.
NaturalShrimp revealed in a Form 8-K filed with the U.S. Securities and Exchange Commission on 13 September 2024 that Streeterville Capital LLC and Bucktown Capital LLC both filed motions to appoint a receiver to the company alleging NaturalShrimp defaulted on its
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A “Buy Canadian” movement is reportedly having an impact on the retail market in Canada as consumers in the country react to U.S. President Donald Trump’s tariff threats.
Trump hinted at 25 percent tariffs on Canadian goods soon after winning the 2024 presidential election and followed through on the proposal with an order on 1 February. Just days later, Trump paused the tariffs, citing concessions by Canadian Prime
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A new report in ProPublica, produced in partnership with the Northern Journal and the Anchorage Daily News, found an Alaskan public fund lost more than USD 29 million (EUR 27 million) on a deal that helped Rodger May purchase Peter Pan Seafoods.
The investigation centered around investments made by the Alaska Permanent Fund, an USD 80 billion (EUR 76 billion) savings account used by the state to provide residents with dividends. The
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Norwegian cod-farming company Norcod reported an increase in revenue in Q4 2024 and a drop in its operating losses while adding that it is now planning a NOK 300 million (USD 26.9 million, EUR 25.7 million) fundraising round to help increase its production.
In its Q4 2024 results, the company said it achieved NOK 124 million (USD 11 million, EUR 10 million) in revenue during the quarter, an increase of 47 percent over the NOK 83 million
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A recent study published in Marine Policy indicates that pre-competitive collaborations like SeaBOS are likely having an impact on seafood sustainability beyond the companies that take part in the collaboration.
SeaBOS – which stands for Seafood Business for Ocean Stewardship – launched in 2016 as a means of promoting and improving the sustainability in the seafood industry. Member companies include Maruha Nichiro, Nippon Suisan,
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