One U.S. dollar is worth nearly the same as a euro, the currency of the European Union, marking the first time since 2002 the euro has not been worth more.
The impact of Russia’s invasion of Ukraine, which has triggered higher oil and gas prices across Europe and globally, has combined with higher inflation and a souring global economy to weaken the euro’s value. And the U.S. dollar’s reputation as a safe haven currency has… Read More
Longtime U.S. seafood industry executive Dan Murphy passed away on Friday, 8 June.
Murphy joined Easton, Maryland, U.S.A.-based Sea Watch International in January 2020 as its chief commercial officer, overseeing the company’s sales, marketing, and research and development divisions.
"Dan was a larger-than-life figure who brought his remarkable passion, experience, and energy to SEa Watch. His career, knowledge, and advocacy of the seafood… Read More
U.K. Prime Minister Boris Johnson said on Thursday, 7 July, he will resign as soon a successor is chosen by the Conservative Party.
Johnson’s announcement was prompted by the resignation of scores of members of the U.K. Parliament and several of his own cabinet ministers. On Tuesday, 5 July, Chancellor of the Exchequer Rishi Sunak and U.K. Health Secretary Sajid Javid initiated the exodus, with Javid saying in a speech that “treading… Read More
Representatives of two non-governmental organizations working to protect the North American right whale, vaquita, and endangered sharks from further population declines caused by fishing are saying they want to work in concert with the industry to bring about positive change.
AWI Marine Wildlife Consultant Kate O’Connell and Sharkproject Head of International Cooperation Iris Ziegler told SeafoodSource their goal is not to shut down… Read More
Urk, The Netherlands-based Seafood Connection has established a joint venture with Agrofish Italia with the goal of repositioning itself in the Italian seafood market.
The Dutch seafood supplier, owned since 2013 by Tokyo, Japan-based seafood conglomerate Maruha Nichiro, said the move to create Seacon Italia was its “next step” in serving the Italian market, which is the largest purchaser of seafood in Europe and which boasts the… Read More
A joint venture between Japanese seafood firms Mitsubishi and Maruha Nichiro will branch into land-based salmon farming, with its first project planned to begin construction soon in Nyuzen, Toyama, Japan.
Both based in Tokyo, Japan, Mitsubishi and Maruha Nichiro are two of the largest seafood companies in the world. Mitsubishi owns Norwegian salmon farmer Cermaq and U.K. food and distribution group Princes, and had total sales of JPY 863 billion… Read More
AlgiKnit, a biomaterials company creating design and manufacturing materials out of kelp, has raised USD 13 million (EUR 12.4 million) in a Series A funding round.
Founded in 2017, Morrisville, North Carolina, U.S.A.-based AlgiKnit's fundraising round, which closed on 29 June, was led by an investment from Collaborative Fund and joined by H&M CO:LAB, the investment arm of H&M Group, Starlight Ventures, Third Nature Ventures, Horizons… Read More
Amidst the backdrop of continuing growth in global demand for fishmeal and fish oil products, IFFO, the international trade body that represents the marine ingredients industry, and the Sustainable Fisheries Partnership are advancing the sustainability of the sector through a pre-competitive platform that has engagement from across the sustainable seafood movement.
At the 2022 North Atlantic Seafood Forum in Bergen, Norway, on 22 June,… Read More
The government of Argentina has requested the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) place several U.K. fishing boats on its list of vessels that engage in illegal, unreported, and unregulated (IUU) fishing. Earlier in 2022, the U.K. issued licenses authorizing fishing for Chilean sea bass off the coast of South Georgia, a remote, uninhabited U.K.-controlled island around 1,400 kilometers east of the… Read More
Minneapolis, Minnesota, U.S.A.-based Cargill has acquired Engerwitzdorf, Austria-headquartered Delacon, a maker of plant-based phytogenic additives. The acquisition, expected to close in the coming months, “will bring deep feed additives expertise, global presence, and more wholesome food production” into Cargill’s portfolio ...
Photo courtesy of… Read More