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.
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High Liner Foods has finalized a settlement in a lawsuit it initiated against Brian Wynn for what it claimed were false representations and warranties in connection with its purchase of Rubicon Resources.
High Liner completed the purchase of Rubicon Resources – a shrimp importer and distributor located in Culver City, California, U.S.A. – in 2017. The sale closed for USD 107 million (then EUR 98 million) – with 70 percent
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Nine years after starting the planning process to farm salmon in the open ocean off the coast of New Zealand, New Zealand King Salmon (NZKS) has received full governmental permission to proceed.
NZKS produces premium king salmon sold through multiple brands, including Ōra King, Regal, Southern Ocean, and Omega Plus. The latest approval will allow it to farm king, also known as Chinook salmon, seven kilometers off the coast of Cape Lambert, New
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Private equity fund Summa Equity, the parent company of value-added salmon company Milarex, has acquired aquaculture and fish health service provider STIM from its parent Nordly Holding for an undisclosed amount.
Nordly Holding is owned by STIM Chairman and Founder Jim-Roger Nordly, who announced in October 2023 that he had initiated the sale process for STIM. At the time Nordly predicted a H1 2024 closing date – which proved true
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The Environmental Justice Foundation (EJF) is calling for the Thai government to curtail the practice of pair trawling, which it called envrionmentally destructive.
EJF's recent “Scourge of the Seas” report attributed much of the country’s catch declines to trawling vessels, especially those using pair trawling – a type of bottom trawling involving two vessels pulling a net that can stretch as much as a kilometer wide.
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Aquaculture feed manufacturer BioMar reported record revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) in FY 2023, surpassing its own guidance to the market.
The company achieved revenues of DKK 17.9 billion (USD 2.6 billion, EUR 2.4 billion) in FY 2023, up slightly from the DKK 17.8 million (USD 2.5 billion, EUR 2.3 billion) it posted last year. Over the same period, the company posted an EBITDA of DKK
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A study commissioned by the North Atlantic Pelagic Advocacy Group (NAPA) indicates the Atlanto-Scandian herring stock in the Northeast Atlantic may be nearing a collapse if steps aren’t taken to halt overfishing.
NAPA is one of the groups behind persistent calls for action to end overfishing of Atlanto-Scandian herring, which has faced severe sustainability issues for multiple years. The Marine Stewardship Council (MSC) suspended its
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Canada’s Department of Fisheries and Oceans released its annual stock assessment on snow crab, finding that the stock remains on par with last year and signaling there will likely be little change in 2024 quota.
According to the CBC, the stock assessment showed the snow crab fishery in Newfoundland and Labrador – one of the region's most lucrative fisheries – remained relatively stable, with the exception of area
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