SeafoodSource.com covers breaking news articles that pertain to the global aquaculture industry.
Auckland, New Zealand, private equity firm Direct Capital has acquired a 45 percent stake in the New Zealand King Salmon Co. Ltd., the country's largest farmed-salmon company. Terms of the deal were not disclosed.
Owned by Malaysia's Tiong family, New Zealand King Salmon posts annual sales of more than $80 million, employs about 415 workers and produces more than 6,500 metric tons of chinook salmon a year. Founded in 1996, the Nelson-based… Read More
Data from a research project looking at the viability of farming halibut in New Brunswick's Bay of Fundy won't be in until next spring, but researchers expect positive results.
For the last three years, a team has been growing 50,000 halibut in offshore cages in Lime Kiln Bay, owned by Canadian Halibut. Over that time the team has looked at all aspects of farming halibut, such as optimum size to introduce juveniles from hatcheries to cages… Read More
A Massachusetts Institute of Technology researcher has developed a self-propelling underwater cage that may help offshore fish farms cut production costs and reduce environmental impact.
Cliff Goudey, director of MIT Sea Grant's Offshore Aquaculture Engineering Center in Cambridge, Mass., recently tested his technology at Snapperfarm, a cobia farm off Culebra, Puerto Rico, by fixing a pair of large, slow-turning propellers to 62-foot-diameter… Read More
A Chilean government task force cited the nation's $2.2 billion farmed salmon industry for the "intensive" use of antibiotics and recommended it be "streamlined" in a report it released yesterday, reports the Patagonia Times.
This is the second report the task force, headed by Minister of the Economy Hugo Lavados, has released since its formation in April. The group has pledged to strengthen the farmed salmon industry's regulatory guidelines.… Read More
In response to a government directive, Vietnamese banks have agreed to lend VND1.139 trillion ($69 million) to the country's processors to purchase from farmers all remaining pangasius weighing more than 1 kilogram, Agriculture and Rural Development Minister Luong Le Phuong told Asia Pulse today.
The processors plan to buy the remaining basa and tra surplus by month's end, processes it and export it.
By July 20, the pangasius surplus had… Read More
Nippon Suisan Kaisha Ltd., one of the world's largest seafood companies, plans to spend $2.72 million by year's end to triple production of farmed bluefin tuna, Asia Pulse reported today.
The Japanese company's Nakatani Suisan Co. subsidiary raises tuna at three fish farms in Japan and will add three more large fish cages to its Kagoshima Prefecture farm, bringing the total to 18 cages. The number of feeding boats will also be increased.… Read More
Cargill, a U.S.-based food and agriculture producer, it is building a pathogen-free shrimp hatchery in the Malaysian state of Pahang that should begin operation by the end of this year.
Paul Conway, Cargill's Asia Pacific regional director, says that the $1.5 million hatchery would be the first for the company, adding that Malaysia has tremendous potential for investment, particularly in agriculture and aquaculture.
Desmond Tham,… Read More
Due to high costs, low harvest weights in Chile and high raw material costs, Cermaq today reported a second quarter loss before interest and tax pre fair value of NOK 8 million.
However, the Norwegian aquaculture company's net interest increased by NOK 791.3 million from the end of the first quarter to NOK 2061.7 million at the end of June.
The company's farming division, The Mainstream Group, reported a second quarter loss of NOK 54.7… Read More
Tran Yan has big plans for expanding his Atlantic salmon farm in Vietnam's Lai Chau province. Tran Yen plans to double production to 80 to 90 metric tons, and he also plans to build a $100,000 processing plant for his salmon and other fish farms in the province. Vietnam's salmon consumption is 1,500 tons, but only 200 tons of that is produced domestically. Salmon is also farmed in Cao Bang, Sapa and Ye Bai provinces.
One of the first salmon… Read More
The Malaysian East Coast Economic Region announced this week that part of an eco-friendly fish farm in Pekan will open this month. The fish hatchery facility, MyIkan, is a cooperation of Fisheries Development Authority of Malaysia's Majuikan Sdn Bhd and Mytrans Holding Sdn Bhd.
Once completed, MyIkan will have an annual capacity of 500 metric tons of a variety of fish species. The $3 million farm occupies almost 20 acres, applying the latest… Read More