Chris Chase

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

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

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

Oceana Canada’s recently released “Fishery Audit 2023” claims the Canadian government and the Department of Fisheries and Oceans (DFO) Canada has made virtually no progress at rebuilding and maintaining the sustainability of its fishing stocks. 

The report is the seventh time Oceana Canada has assessed Canada’s fisheries management, and in that time DFO and the Canadian government has made little progress, the

Lineage Logistics, one of the largest cold storage and logistics companies in the world, is reportedly considering an initial public offering (IPO) with a valuation of more than USD 30 billion (EUR 27.8 billion).

Novi, Michigan, U.S.A.-based Lineage has hired Goldman Sachs Group to work alongside Morgan Stanley as a lead bank to prepare it for the IPO, Bloomberg reported, citing anonymous sources. Bloomberg first reported Lineage was considering

The North Pacific Fishery Management Council, which oversees the quota of the Alaskan pollock industry, decided to maintain the same quota for the species in 2024 at its recent meeting on 9 December – despite industry calls for a higher catch.

The council’s latest meeting decided that the total allowable catch (TAC) of pollock for the Eastern Bering Sea would be 1.3 million metric tons (MT), the same quota that it had last year. The

Two groups devoted to human rights advocacy are calling on the Canadian government to implement targeted sanctions against Chinese seafood companies named in an Outlaw Ocean Project report as using Uyghur and forced labor.

The Uyghur Rights Advocacy Project (URAP) and the Human Rights Action Group formally submitted a recommendation to implement sanctions against Yantai Sanko Fisheries, Yantai Longwin Food, the Chishan Group, Shandong

Nordic Halibut, an ocean-based farmed halibut company with facilities in Midsund, Askøy, and Averøy, Norway, has secured a total of NOK 430 million (USD 39.1 million, EUR 36.4 million) in funding through a combination of financing and a successful private placement.

The company announced on 5 December that it successfully executed a private placement raising gross proceeds of NOK 200 million (USD 18.2 million, EUR 16.9 million).