Chris Chase

Cooke Inc. has finalized its acquisition of Peru-based Corporación Pesquera Inca S.A.C. (Copeinca), the country’s largest anchoveta-fishing firm.

New Brunswick, Canada-based Cooke announced its plans to purchase the company on 7 November. Using a binding share purchase agreement, a wholly owned subsidiary of Cooke – Copeinca Canada Inc. – will indirectly acquire all outstanding shares of Copeinca from PF Cayman New Holdco

The U.S. District Court for the Southern District of California has approved settlement agreements between plaintiffs StarKist and Bumble Bee in lawsuits related to alleged price-fixing of canned tuna.

End-payer and direct-purchaser plaintiffs sued Chicken of the Sea, Bumble Bee, and StarKist in the U.S. for their alleged connections to a price-fixing scheme for canned tuna.

The civil lawsuit came alongside multiple tuna companies being

Russia is reportedly still facing delays and issues with its shipbuilding programs over six years after it announced the results of its first round of investment quota auctions. 

Russia first introduced the idea of tying access to fishery quotas to investments in new vessels or processing facilities in 2016 before approving of the idea in 2017. Companies that won auctions to lucrative crab-fishing quotas were tasked with building a new

A new letter written to U.S. President Joe Biden is urging him to avoid naming any new marine national monuments in the final months of his presidency. 

The letter, signed by seafood companies, fishermen, government officials, and groups representing the seafood industry, calls on Biden to “resist all proposals” to either create a new marine national monument or expand an existing one inside the U.S.’s exclusive economic

Denmark-based Novo Holdings is planning to acquire Norwegian fish genetics company Benchmark Genetics from Benchmark Holdings in a deal with an enterprise value of up to GBP 260 million (USD 326 million, EUR 311 million).

Novo Holdings announced the agreement on 25 November and said the purchase aligns with its Novo Holdings Planetary Health Investment team’s strategic focus on aquaculture. Novo Holdings had assets of EUR 149 billion (USD

Reykjavik, Iceland-headquartered Iceland Seafood International (ISI) posted an increase in its sales and profit year over year in Q3 2024, as the company closed in on posting a net profit. 

According to its Q3 2024 results, ISI had sales of EUR 102 million (USD 106 million) in Q3 2024, an increase of 6.5 percent compared to the EUR 95.8 million (USD 99.7 million) it posted in the same period of 2023. The company’s normalized profit

The Canadian Food Inspection Agency (CFIA) has confirmed the presence of two different oyster diseases in Spence Cove, New Brunswick, Canada.

The CFIA reported the presence of multinucleate sphere unknown (MSX), caused by the parasite Haplosporidium nelsoni, and Dermo, also known as Perkinsosis, which is caused by Perkinsus marinus, in Spence Cove. Neither pathogen poses a health risk to humans, and the oysters are still safe to eat; however,

Norwegian salmon-farming company Måsøval reported a negative EBIT in Q3 2024 as it dealt with multiple biological challenges.

The company reported group revenues of NOK 530 million (USD 47.9 million, EUR 45.7 million) in Q3 2024, down from NOK 670 million (USD 60.5 million, EUR 57.7 million) posted in the same quarter of 2023. Of that total, its sales revenue from salmon dropped to NOK 492 million (USD 44.4 million, EUR 42.4

A recently launched partnership in Taiwan has set up a fishery improvement project (FIP) for the nation's tuna fishery, aiming to achieve certification to the Marine Stewardship Council standard.

Ocean Outcomes (O2), a U.S.-based nonprofit, partnered with the Taiwan Tuna Longline Association (TTLA), the largest fishing vessel member association in Taiwan, in April 2024 to improve fishing practices among Taiwanese longline tuna vessels. Now, that