Cliff White is the executive editor of SeafoodSource. He has 15 years of experience as a professional journalist, including serving as the senior business reporter for the McClatchy-owned Centre Daily Times in State College, Pennsylvania, where he won state and national awards for his coverage of the development of the Marcellus Shale natural gas deposit and the Jerry Sandusky scandal.
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Seafood is piling up in Japan after China instituted a ban on Japanese imports following the release of wastewater from the damaged Fukushima Daiichi nuclear power plant.
Japanese seafood exports to China crashed 67.6 percent in August 2023 year over year, according to Chinese customs data. While some of that was destined for China’s domestic market, a significant portion of it was headed to Chinese factories for processing and reexport.
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Tongwei, a dominant force in China’s aquafeed sector, has pledged to make a huge investment into recirculating aquaculture system (RAS) shrimp farming.
Liang Qinlang, the director of Tongwei Fishery Technology’s research and development department and the director of its fishery engineering research institute, said the company is investing CNY 1.2 billion (USD 164.2 million, EUR 155 million) in a 200,000-square-meter RAS shrimp farm
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Lima, Peru-based Océano Seafood has acquired 100 percent of Kingston, Rhode Island, U.S.A.-based Sea Fresh USA.
Founded in 1981, Sea Fresh USA is a fishing and processing firm specializing in loligo squid, with annual sales of around USD 50 million (EUR 47.3 million), according to Antarctica Advisors, which acted as its investment banking advisor through the sales process. It owns Handrigan Seafoods, a docking operation in Galilee, Rhode
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Russia will implement new duties on exports, including seafood, on 1 October, 2023.
The 21 September announcement from the Russian government’s news service said 4 to 7 percent duties “will be applied to a broad range of goods,” and a duty of up to 10 percent will be applied to fertilizer exports.
“This regulation is designed to support the rational balance between exports and domestic consumption,” it said.
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Goldman Sachs has completed its takeover of Frøy and will delist it from the Euronext Oslo exchange on 26 September.
The U.S. financial services firm acquired 72 percent of aquaculture services company from SalMar in a deal worth a reported NOK 6.6 billion (USD 630 million, EUR 577 million) in August 2023. Its subsidiary, Falcon Bidco, subsequently made a mandatory NOK 76.50 (USD 6.93, EUR 6.47) offer for each remaining share of
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New Zealand King Salmon posted a profit in the first half of the year due to reduced mortalities and higher pricing.
The Nelson, New Zealand-based aquaculture firm scored a NZD 10.6 million (USD 6.3 million, EUR 5.9 million) half-year profit, a positive jolt compared to its net loss of NZD 24.5 million in the same time period a year prior. Its earnings before interest, taxes, depreciation and amortization (EBITDA) reached NZD 10.7 million (USD
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Separate lawsuits filed by Cooke Aquaculture and the Jamestown S’Klallam Tribe challenging the U.S. state of Washington’s November 2022 refusal of farming permits and decision to ban net-pen finfish aquaculture have met divergent fates.
The Cooke suit, filed 14 December, 2022, was in large part gutted by a May 2023 ruling from Washington Superior Court Judge Indu Thomas issuing a summary judgment against most of its claims.
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Seoul, South Korea-headquartered Dongwon Group is considering initial public offerings for three of its subsidiaries to pay for an acquisition target.
Dongwon, which has owned StarKist since purchasing it from Del Monte Foods in 2008, is exploring the potential of issuing IPOs for the Reston, Virginia, U.S.A.-based canned tuna company, as well as two of its other subsidiaries, to give it the funds necessary to purchase HMM, South Korea’s
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At least 10 suspected cases of botulism have been reported in France, resulting in one death, as a result of botulism poisoning linked to sardines served in a restaurant in Bordeaux.
The outbreak has been linked to the Tchin Tchin Wine Bar in Bordeaux, located close to the Rugby World Cup 2023 fan zone and in an area popular with tourists. Three of those sickened are Canadian citizens, according to the Public Health Agency of Canada.
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Global production of fishmeal and fish oil was down 52 percent in July 2023, hurt primarily by a plunge in Peruvian supply due to the cancelation of the country’s anchoveta season.
Peru’s fishmeal production is down 76 percent year over year through July, according to IFFO, The Marine Ingredients Organization, dragging down global cumulative fishmeal production 31 percent year over year.
IFFO reported lower catches in reduction
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