The oceans and seafood investment team of sustainability-oriented food and agriculture investment firm S2G Ventures has announced its initial five investments.
S2G officially launched its “seafood innovation strategy” in August 2020 with USD 100 million (EUR 84.7 million) in capital backing. The group – backed in part by Lukas Walton, the grandson of Walmart founder Sam Walton – wants to target its investment to… Read More
The Walton Family Foundation – which was created by the family of Walmart founders Sam and Helen Walton and annually gives away more than USD 500 million (EUR 412.3 million) to charitable causes, including more than USD 90 million (EUR 74.2 million) in 2019 to environment-centered projects – has revamped its approach toward its marine conservation and support of seafood sustainability initiatives.
Heather D’Agnes, senior… Read More
Former Bumble Bee Foods President and CEO Chris Lischewski formally appealed his conviction for leading a tuna price-fixing conspiracy in front of a three-judge panel on Wednesday, 16 June.
Lischewski’s appeal is centered around an argument that District Court Judge Edward M. Chen, who oversaw the case, gave incorrect instructions to the jury. In Wednesday’s hearing, Lischewski’s lawyer, John D. Cline, called the jury… Read More
The United States and the European Union have resolved a trade dispute that had resulted in a ramping up of tariffs, including on some seafood products.
The quarrel, dating back to 2004, centered around subsidies for European airplane-maker Airbus and U.S. plane manufacturer Boeing. The dispute was brought before the World Trade Organization, which ruled in October 2020 that each side could impose billions of dollars in tariffs.
Under the… Read More
8F Asset Management, an investment firm that owns land-based salmon farmer Pure Salmon, has acquired the aquaculture division of Krüger Kaldnes from environmental services firm Veolia.
Singapore-based 8F, a private equity management firm focused on impact investing, has raised at least USD 358 million (EUR 322.6 million) to support the growth of Pure Salmon, which is in the process of constructing RAS Atlantic salmon farms in the United… Read More
India topped the list of the top shrimp-exporting countries to the U.S. in April 2021, but its total dropped year-over-year, while Ecuador and Indonesian made big gains ...
Photo courtesy of… Read More
Del Pacifico Seafoods has joined a fishery improvement project in its home state of Sinaloa, Mexico.
The FIP, primarily focused on the harvesting of chocolate clam (Megapitaria squalida) in the Altalta-Ensenada lagoon system, was organized in 2019 by the local fishing community, the Environmental Defense Fund (EDF), Mexico’s National Commission of Aquaculture and Fisheries (CONAPESCA), the Mexican Ministry of Environment and Natural… Read More
A plan put forth by China Fishery’s creditors to take control of its assets in Peru has been approved by the judge overseeing the company’s Chapter 11 bankruptcy filing in the United States.
U.S. Bankruptcy Court Judge James Garrity approved the takeover plan of China Fishery subsidiary CFG Peru on 10 June. The final restructuring support agreement will convert USD 700 million (EUR 581.4 million) of existing debt into… Read More