Chris Chase

Salmon-farming company Masoval reported a significant drop in its Q4 2024 earnings as operational challenges at its Farming Mid segment resulted in high costs. 

The company posted NOK 572 million (USD 51 million, EUR 48.9 million) in operating revenue in Q4 2024, dropping from the NOK 688 million (USD 61.9 million, EUR 58.8 million) it posted in Q4 2023. According to the company’s results, the company’s salmon sales revenue

Vigo, Spain-based tuna specialist Atunlo has been given a few more days to avoid selling off the company after a commercial court granted it an extension amid its bankruptcy proceedings.

Atunlo first entered the pre-bankruptcy process in November 2023 after suffering from surplus stocks and sales declines. Compañía Internacional de Pesca y Derivados (Inpesca), which owns 40 percent of Atunlo, along with Comercial Pernas

Japan’s overall food exports broke a value record in 2024, even as the country grapples with China’s ban on seafood imports from the country.

Statistics from the Ministry of Agriculture, Forestry, and Fisheries (MAFF) indicate the country’s exports of agriculture, forestry, and fishery products increased by 3.7 percent to JPY 1.507 trillion (USD 10 billion, EUR 9.6 billion) in 2024, up from JPY 1.454 trillion (USD 9.7 billion,

An Environmental Justice Foundation (EJF) investigation has identified what it says is extensive evidence of North Korean labor onboard Chinese tuna-fishing vessels in the Southwest Indian Ocean.

The investigation said it found evidence that North Koreans were used as crew onboard the vessels between 2019 and 2024, based on interviews with Filipino and Indonesian members of the crew who worked on the same vessels. According to the EJF, many of

When Lagniappe Foods Founder Tom Dowd moved to New Orleans, Louisiana, U.S.A., at 19 years old, establishing a successful seafood company wasn’t his top priority. 

Dowd originally moved to New Orleans to pursue a career in music and ended up working in an oyster bar. After six years in the city, he moved back to the Northeast U.S. and kept working in the food industry. 

“Eventually, I moved to Connecticut to work with a

Icelandic private equity fund Haf Investments has acquired NP Innovation, a developer and producer of water treatment products for the aquaculture industry.

The purchase, which is still subject to regulatory approval in Iceland, adds to the investment fund’s growing portfolio in the seafood industry and blue economy businesses since its founding in February 2023. Haf Investments was recently part of a NOK 20.4 million (USD 1.8 million,

The High Court of the Republic of Singapore has granted Barramundi Group a three-month extension on a moratorium that is keeping the company from entering receivership.

Barramundi Group first asked for a six-month reprieve on receivership and legal proceedings against the company in October 2024. Under Singapore law, the company is allowed to request relief from the court under Section 64 of the country’s Insolvency, Restructuring, and

A first-of-its-kind case study on the living conditions on board the Papua New Guinea (PNG) tuna fleet has revealed how third-party certifications can help benefit workers.

The study was performed by the Fishing Industry Association of Papua New Guinea (FIA PNG), which collaborated with the Australian National Centre for Ocean Resources and Security (ANCORS) and the University of Wollongong to analyze data on non-conformities found during its

Shrimp-farming firm NaturalShrimp is facing the potential liquidation of its assets after a court-appointed receiver determined it to be the best way to secure assets of lenders. 

NaturalShrimp revealed in a Form 8-K filed with the U.S. Securities and Exchange Commission on 13 September 2024 that Streeterville Capital LLC and Bucktown Capital LLC both filed motions to appoint a receiver to the company alleging NaturalShrimp defaulted on its