Business & Finance

Published on
August 15, 2017
HB Grandi's Þerney RE 1

Sea Harvest Corporation (Pty.) Ltd. has acquired the Þerney RE 1 freezer trawler from HB Grandi and will take delivery of the vessel in November.

The South African fishing and processing company paid USD 13.5 million (EUR 11.4 million) for the vessel which was constructed in 1992 and has been operated by HB Grandi since its arrival in Iceland in

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Published on
August 10, 2017
Pierowall Pier in Westray, Orkney

Sea fisheries, aquaculture and processing businesses in Scotland will receive a share of GBP 8.4 million (USD 10.9 million, EUR 9.3 million) funding to boost growth and protect jobs in coastal communities.

It has been confirmed by Scottish government that the latest round of the EU’s European and Maritime Fisheries Fund (EMFF) will deliver 86 projects that will help businesses to upgrade or modernize equipment across the country.

New

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By

Mark Godfrey

Published on
August 10, 2017
Guangdong Haid Group

Long recognized as the top player in China’s fish/shrimp feed market, Guangdong Haid Group is one of only a handful of seafood related companies to make the Fortune list of the 500 largest Chinese companies. 

At 231st place, Guangdong Haid, however, saw its ranking slip, going down from 215 in 2016. Meanwhile, The Tongwei Group, which produces aqua feed but also tilapia, saw its ranking improve from 367 (2016) to 290

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By

Christine Blank

Published on
August 10, 2017
Crocker & Winsor Seafoods

Newport Organization’s acquisition of Crocker & Winsor Seafoods allows the organization to add the Winsor Bay line of frozen seafood items to its expanding portfolio, according to company leadership. 

The St. Petersburg, Florida-based parent company of Newport International recently acquired Massachusetts-based Crocker & Winsor – which supplies more than 600 frozen seafood items to distributors, retailers and restaurants

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Published on
August 9, 2017
krill

The krill oil inventory and intellectual property owned by Neptune Technologies & Bioressources Inc. has been bought by Norway’s Aker BioMarine Antarctic AS for USD 34 million (EUR 29 million). The deal suits both companies’ ambitions as it gives the purchaser more scale in the krill sector while enabling the seller to further expand into other business areas.

Following the acquisition, Quebec-headquartered Neptune will continue

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By

Cliff White

Published on
August 9, 2017
Global Sustainable Seafood Initiative (GSSI)

The Global Sustainable Seafood Initiative (GSSI) has announced two new hires designed to strengthen its programming and outreach.

The GSSI, launched in October 2015 with support from numerous companies involved in the global seafood trade, seeks to “provide clarity of seafood certification worldwide through a multi-component review that is based upon the Code of Conduct for Responsible Fisheries and the FAO Guidelines for seafood

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Published on
August 8, 2017
Thai Union logo

Thai Union Group (TU) achieved net profit of THB 2.9 billion (USD 87 million, EUR 73.8 million) for the first-half of this year, an increase of 4.4 percent year-on-year, with total sales up 1 percent to THB 66.2 billion (USD 2 billion, EUR 1.7 billion). However, higher raw material prices and European currency depreciations saw the company’s net profit in the second-quarter fall 7.6 percent year-on-year to THB 1.4 billion (USD 42 million,

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By

Cliff White

Published on
August 7, 2017

AquaChile, one of Chile’s largest salmon farming companies, has signed an agreement with the labor union representing many of its workers.

The union, Trabajadores de la Industria del Salmón y Ramas Afines (Workers of the Salmon and Associated Industries), was formed following last year’s algal bloom in Chile, during which millions of salmon died, and as a result of resulting labor protests.

The agreement includes conditions to

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By

Cliff White

Published on
August 4, 2017

Bumble Bee Foods formally entered its guilty plea for violations of the Sherman Act on Wednesday, 2 August, admitting that it had played a leading role in a conspiracy to fix the prices of canned tuna sold in the United States from 2011 to 2013.

The company, which struck a deal with the U.S. Department of Justice to lower the amount it will pay to the government due to the potential it could make the company insolvent, will pay USD 25 million

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By

Cliff White

Published on
August 3, 2017

Singapore-based tilapia farming company Regal Springs Group has hired Petra Weigl as its general manager of sales for Europe.

Weigl was recruited from Nomads Food Europe, where she had served as channel director discount international since May 2015, according to her LinkedIn profile. She had worked at Nomad Foods and Iglo since 2011, starting as a general manager of the group’s private label and export business. She also worked at

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