Cliff White has been the executive editor of SeafoodSource since 2016. Previously, he worked 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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Andfjord Salmon CEO Martin Rasmussen confirmed High Liner Foods’ participation in a NOK 350 million (USD 32.9 million, EUR 30.3 million) private placement concluded 21 May.
“The net proceeds from the private placement will be used to expand our production capacity at Kvalnes, ramping up biomass, and for general corporate purposes,” Rasmussen told SeafoodSource.
Lunenberg, Nova Scotia, Canada-based High Liner Foods announced it
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A federal judge has dismissed a lawsuit alleging Clackamas, Oregon, U.S.A.-based Pacific Seafood engaged in anticompetitive practices concerning the Dungeness crab fishery on the U.S. West Coast.
Filed in March 2023 in the U.S. District Court of Northern California by commercial fisherman Brand Little, the suit alleged Pacific Seafood artificially suppressed the price paid to fishermen for Dungeness crab through a “multipronged strategy of
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Hirtshals, Denmark-based Nordic Seafood saw its profit drop to DKK 45.6 million (USD 6.6 million, EUR 6.1 million) in 2023, compared to DKK 82.5 million (USD 12.2 million, EUR 11.1 million) in 2022.
The total was below the company’s expectation of reaching DKK 65 million to DKK 70 million (USD 9.6 million to USD 10.3 million, EUR 8.7 million to EUR 9.4 million) in profit, according to Nordic's annual report.
“The company’s
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David Scott is the managing partner of Scott+Scott, a law firm specializing in plaintiff and claimant work in antitrust, commercial, and securities actions.
SeafoodSource: The European Commission recently advanced an antitrust investigation involving Norwegian salmon producers Cermaq, Grieg Seafood, Bremnes, Leroy, Mowi, and SalMar, alleging potential distortion of spot prices of Norwegian-farmed Atlantic salmon within the European Union, as
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Revisions to Greenland’s fisheries law were approved on 16 May and became law on 19 May, bringing changes to how Greenland’s seafood sector must operate moving forward.
The law, which has a 10-year-transition period, will require all companies conducting commercial fishing to be based in Greenland and create flexible individual species quotas that can fished or traded, according to Sermitsiaq. It will also institute minimum prices to
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First Water produced around 700 metric tons (MT) of Atlantic salmon at its flowthrough land-based farm in Thorlakshofn, Iceland, in 2023, and that total will more than double in 2024.
The company, founded as Landeldi in 2017, completed its first harvest of 50,000 Atlantic salmon weighing an average of 3 kilograms in June 2023. It is on target to harvest 1,500 MT of 5-kilo salmon in 2024, according to CEO Eggert Kristofersson.
“We are
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Gava Foods CEO Jorge Azar is a Uruguayan national with a sizeable Ecuadorian shrimp business, and now he’s hoping to put Panama on the world’s seafood map.
Azar got his start in the seafood industry operating cold storage and packing facilities for hake and squid caught in the South Atlantic and brought into Montevideo, Uruguay. Gava Foods still operates that business, offloading hake from the domestic and Spanish fleets and
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