Norway Royal Salmon (NRS) is suing NTS, its majority shareholder, over its blockage of a share issuance intended to give NRS the capital it needed to acquire SalmoNor.
NTS, which acquired a majority share of Norway Royal Salmon in August 2021, voted against a proposal by NRS’ board at the latter’s annual stockholder meeting on 7 April that would have approved a private placement of new shares worth NOK 1.9 billion (USD 216… Read More
Sharply contrasting salmon run predictions in Alaska are forcing some major moves in the processing sector in advance of the 2022 season ...
Photo courtesy of Bristol Bay Regional Seafood Development… Read More
Thirty-eight finalists from 13 countries will compete in the 2022 Seafood Excellence Global awards competition, set to take place during Seafood Expo Global/Seafood Processing Global in Barcelona, Spain, from 26 to 28 April, event organizer Diversified Communications announced on 6 April.
The annual product competition seeks to highlight and recognize the best seafood offerings featured at the exposition. Two grand prizes will be awarded… Read More
Darwin, Australia-based Seafarms Group’s AUD 1.45 billion (USD 1.1 billion, EUR 941 million) plan to develop up to 10,000 hectares of ponds in Legune Station, near Kununurra in Western Australia, to grow up to 180,000 metric tons of black tiger shrimp annually is not viable, according to a recently published company review of the project.
In November 2021, Seafarms Group’s newly appointed executive chairman and CEO, Mick… Read More
Natasha Novikova is the founder of ForSea Solutions, a sustainability and technical consultancy for the seafood industry based in the U.S. state of Oregon that was formed in 2016 to provide technical guidance to U.S. and Russian fisheries working to achieve Marine Stewardship Council (MSC) certification and implement fishery improvement projects (FIPs). It has provided technical guidance and leadership support to more than 30 Russian salmon and… Read More
Nine individuals, including the founder and chairman of Thai Union, have been issued civil sanctions by Thailand’s Security and Exchange Commission after an investigation revealed they engaged in insider trading of the company’s stock.
Bangkok, Thailand-based Thai Union was founded by Kraisorn Chansiri in 1977, and has grown to become one of the world’s largest seafood companies, with USD 4.2 billion (EUR 3.8 billion) in sales… Read More
Bergen, Norway-headquartered Pelagia AS has signed an agreement to acquire 100 percent of Norsk Fiskeindustri Invest AS (NFI), eight months after acquiring full ownership of Hordafor.
Pelagia is a supplier of fish and animal feeds, protein concentrates, fishmeal, fish oil, and through its subsidiary Epax, a producer of concentrated marine-based omega-3 fatty acids for dietary supplement and pharmaceutical preparations.
Its acquisition of NFI… Read More
Whole Oceans is beginning site work in preparation for construction of a recirculating aquaculture system (RAS) Atlantic salmon farm in Bucksport, Maine, U.S.A.
The company, which is owned by Auburn, Indiana-based Emergent Holdings, first announced a plan to build the farm at the site of a former paper mill site at a cost of USD 250 million (EUR 203 million), with the initial goal of producing 5,000 metric tons (MT) of Atlantic salmon annually,… Read More
Mount Hawthorn, Australia-based Austral Fisheries has acquired Brisbane, Australia-based Moreton Bay Seafoods.
Austral Fisheries is one of Australia’s largest vertically integrated commercial fishing companies, fishing for Patagonian toothfish in the Southern Ocean, and prawns and tropical snapper species in Australia’s northern prawn and Timor Reef fisheries.
It targeted Moreton Bay Seafoods due to its “strong brand… Read More