Business & Finance

Published on
April 23, 2019

San Diego, California, U.S.A.-based cellular aquaculture company BlueNalu has expanded operations and moved to a larger research facility as it begins commercialization of its first products.

BlueNalu’s new 6,000 square-foot facility is located in the Sorrento Valley section of San Diego. The company has 12 full-time employees in addition to a number of contracted employees. 

A ribbon-cutting ceremony for the new facility took place

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By

Madelyn Kearns

Published on
April 19, 2019

Sioux City, Iowa, U.S.A.-based cold storage provider Cloverleaf Cold Storage is one step closer to being acquired by Americold Realty Trust, the world’s largest REIT specializing in the ownership, operation, and development of temperature-controlled warehouses.

Atlanta, Georgia, U.S.A.-based Americold owns and operates 155 temperature-controlled warehouses comprising approximately 918.7 million refrigerated cubic feet of storage in the

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By

Christine Blank

Published on
April 16, 2019
Carlos Faria

West Palm Beach, Florida, U.S.A.-based crab supplier Blue Star Foods is seeking investors to purchase stock in its now-public company as it plans to acquire other seafood companies.

Blue Star Acquisition Corp. – a Delaware corporation made up of investors – merged with John Keeler & Co. dba Blue Star Foods, which is now a subsidiary of Blue Star Acquisition Corp., Blue Star Foods said in its 12 April

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By

Cliff White

Published on
April 16, 2019

Dongwon Group Chairman Kim Jae-cheol announced his retirement at the fiftieth anniversary celebration of the company he grew from a small-time fishing operation into one of the biggest seafood companies in the world.

His son, Kim Nam-jeong, who has been serving as the vice president of the Seoul, South Korea-headquartered Dongwon Group, will take over as chairman, with his father serving as an interim advisor through the transition, according to

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By

Jason Holland

Published on
April 15, 2019

Bergen, Norway-headquartered salmon producer Mowi achieved operational earnings before interest and taxes (EBIT) of approximately EUR 194 million (USD 219.6 million) in the first quarter of this year, representing an increase of EUR 36 million (USD 40.7 million) compared to the corresponding period of 2018.

According to the company’s latest trading update, the operational EBIT of its salmon of Norwegian origin in the last quarter was EUR

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By

Jason Holland

Published on
April 15, 2019

The United Kingdom's seafood trade body, Seafish, has appointed a new regional manager and changed the roles of two of its existing team members.

Lynn Gilmore moves from the role of regional manager in Northern Ireland into the position of head of international trade and regions. Gilmore has worked at Seafish for nine years.

Gavin Hatton joins the team as regional manager for the Humber and northeast England. He takes over from Julie Snowden,

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By

Cliff White

Published on
April 12, 2019

A U.S. judge holds the fate of canned tuna company StarKist in his hands, according to a company representative speaking in federal court.

Niall Lynch, an attorney representing StarKist in a hearing with U.S. District Court Judge Edward M. Chen, called the decision in the upcoming sentencing of the company following its guilty plea “unprecedented.”

“This is a USD 50 million [EUR 44.3 million] hearing. The low end [of the

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By

Cliff White

Published on
April 12, 2019

Chicken of the Sea Frozen Foods has named Mary O’Rourke as vice president of its broadline foodservice and wholesale business.

El Segundo, California, U.S.A.-based Chicken of the Sea Frozen Foods (COSFF) promoted O’Rourke from her previous position as the company’s senior director of foodservice. In her new role, O’Rourke will lead a team that services regional wholesalers and independent operators nationally, the company

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By

Jason Holland

Published on
April 11, 2019

Frøya, Norway-headquartered salmon farmer SalMar ASA has received acceptances for the acquisition of 2,343,511 shares in Arnarlax AS. These latest acceptances represent approximately 8.8 percent of the shares in the Icelandic salmon producer. 

With SalMar already owning 14,432,281 shares in Arnarlax after it upped its stake in February, it will hold a total of 16,775,792 shares, representing approximately 63.03 percent of the

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By

Cliff White

Published on
April 8, 2019

In a letter sent to the judge that ruled against his company in a lawsuit filed by one of its customers, Frama Seafood’s Amado Rodriguez said his company is at risk of insolvency.

Pinecrest, Florida-based Frama Seafood was ordered to pay more than USD 1 million (EUR 891,400) in compensation after California Superior Court Judge Eddie C. Sturgeon found Frama had fraudulently sent underweight loads of poor-quality salmon to Lotus Seafood on

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