Chris Chase

Tuna company Bumble Bee Foods won a partial victory in an ongoing lawsuit that alleges the company is financially liable for forced labor that took place aboard vessels that supply it with tuna.  Akhmad et al. v. Bumble Bee Foods was brought by a group of Indonesian fishers claiming the company is partially liable for alleged forced labor that occurred on vessels that supply the company tuna under the Trafficking Victims Protection… Read More

Land-based salmon farming company Andfjord Salmon reported it is nearing its first sale of post-smolt salmon in mid-June after strong biological performance. The company said it plans to sell roughly 450,000 post-smolt from the K1 pool at its Kvalnes, Norway-based flow-through aquaculture system. The sale will be done through a strategic partnership with Eidsfjord Sjøfarm, and the company said it is ahead of schedule. "Our inaugural… Read More

Denmark-based feed company BioMar has successfully completed its initial public offering (IPO), achieving a valuation of DKK 10.85 billion (USD 1.7 billion, EUR 1.4 billion). The successful IPO is the culmination of over a year of work after the company’s owner Schouw & Co. began considering a separate listing for BioMar in November 2025. The company then announced it was starting the IPO process for BioMar in early May of this year, and on… Read More

Land-based salmon-farming company Atlantic Sapphire is planning to become a private company and de-list from the Oslo Børs to secure additional financing that it says it will need over the next 12 months.  In a post to the Oslo Børs, the company said it has entered a restructuring agreement to address its long-term financing needs. That agreement will be between the company and its largest shareholders and will see those shareholders become… Read More

Land-based salmon farming company Gigante Salmon said it is cutting its 2027 harvest targets linked to continued biological challenges related to its 2025 generation. In a post to the Oslo Børs, Gigante Salmon said it is cutting its harvest target from 10,600 metric tons (MT) to between 8,000 and 8,500 MT. In addition to the reduced harvest, the said its EBIT coast per kilogram has risen from NOK 58 (USD 6.25, EUR 5.37) to between NOK 60 and… Read More

New Zealand King Salmon (NZKS) has upgraded its financial and harvest guidance for FY 2026 after better-than-expected results in the first half of the year. The company reported a net profit of NZD 13.8 million (USD 8.05 million, EUR 6.93 million) for the six months ending 31 March, 2026. That represents a reversal from the NZD 20.8 million (USD 12.14 million, EUR 10.45 million) loss it posted in the same period of the prior year. The company's… Read More

The European Union is moving forward on a potential trade deal with the U.S. it first announced in 2025. The administration of U.S. Donald Trump announced it reached a trade deal with the E.U. in July 2025. That deal would see the U.S. set a base tariff rate of 15 percent on goods from the E.U., and the E.U. agreed to reduce tariffs on a range of goods to zero. The E.U. Council and Parliament announced 20 May that they struck a deal to… Read More

Denmark-based aquaculture feed company BioMar is pursuing an initial public offering (IPO), the culmination of a review process that the company's parent company started in November 2024. BioMar’s parent company Schouw & Co announced it was starting the IPO process in early May by announcing its intention to float, a formal announcement signaling the start of the process. On 19 May, BioMar issued an Offering Circular, and as of 20 May the… Read More

Paisley, Scotland-based biotechnology firm WellFish Tech has secured approvals from the Norwegian Food Safety Authority (Mattilsynet) to use its non-lethal blood sampling of Atlantic salmon in aquaculture operations. According to the company, this marks the first time that Mattilsynet has given the go-ahead to a non-lethal blood sampling method, removing a prohibition that had existed for several years. "We are proud of the rigorous work that… Read More

The Indian Ocean Tuna Commission (IOTC) has reached a consensus measure on yellowfin tuna and agreed to establish a voluntary vessel monitoring system pilot program at its 30th annual meeting. The IOTC met from 11 to 15 May in Male, Maldives, and advanced a number of different proposals including an agreement on a yellowfin tuna management framework that commits to reduce catches over time. It also continued to fund a management strategy… Read More