Chris Chase is the Portland, Maine-based associate 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
AquaBounty Technologies is planning to sell off its Rollo Bay salmon egg production and broodstock facilities in Prince Edward Island, Canada, to address the company’s cash requirements.
AquaBounty CEO David Melbourne said the move is part of the company working to secure funding for its near- and long-term needs so that it can pursue its growth strategy.
“The Rollo Bay farm was purchased and developed to support an expansion
… Read More
Eskifjordur, Iceland-based Kaldvik – which recently changed its name from Ice Fish Farm – posted increased revenues in Q2 2024, but low harvest volumes, as well as harvesting and wellboat costs, led to the company posting a loss.
The company achieved NOK 62 million (USD 5.9 million, EUR 5.3 million) in revenue in Q2 2024, up from NOK 20.6 million (USD 2 million, EUR 1.8 million) posted in the same period of 2023. That
… Read More
Australian aquaculture firm Seafarms Group Limited has sustained increased losses as the company continues investing in its Project Sea Dragon shrimp-farming project.
The company is also awaiting the result of a court decision on the potential liquidation of the project.
In its full-year results ending 30 June 2024, Seafarms Group reported after-tax losses of AUD 19.3 million (USD 13.1 million, EUR 11.9 million), increasing 26 percent from
… Read More
Ahead of the Inter-American Tropical Tuna Commission’s (IATTC) annual meeting – which runs from 2 to 6 September in Panama City, Panama – NGOs are pushing for the regional fishing management organization (RFMO) to enhance its compliance policies and improve its vessel-monitoring practices.
The IATTC covers tuna fisheries in the Eastern Pacific Ocean, with participation from a number of different countries including the U.S.,
… Read More
Cape Town, South Africa-based Sea Harvest Group increased both its earnings and revenue in the first six months of 2024, despite dealing with low catch rates and the sinking of one of its fishing vessels.
In its recently released unaudited results, the company posted revenue of ZAR 3.3 billion (USD 185 million, EUR 166 million) in the six months ending 30 June 2024, up from ZAR 3.2 billion (USD 179 million, EUR 161 million) in the same
… Read More
A new report from Dutch financial services company Rabobank is projecting China will drive 40 percent of the growth in seafood consumption globally by 2030 and, with that growth, become a USD 29 billion (EUR 26 billion) annual market.
The latest report from Rabobank’s “RaboResearch” found China’s growing economic prosperity and large population, coupled with its high demand for seafood, will help it continue its position
… Read More
Norwegian salmon-farming company Masoval posted higher sales revenue and earnings in Q2 2024 despite lower harvests, in part thanks to securing higher average prices year over year amid high volatility.
The salmon farmer recorded revenue of NOK 934 million (USD 89.3 million, EUR 79.8 million) in Q2 2024, up from the NOK 804 million (USD 76.8 million, EUR 68.7 million) it posted in Q2 2023. That increase came even as its harvests dropped
… Read More