The COVID-19 pandemic has had a monumental impact on global seafood trade.
Fishing fleets are tied up and fish farmers are facing an ever-increasing biomass in their cages, ponds, and tanks. Transport links all over the world have been severed, restaurants have closed, and supermarkets have either abandoned or reduced their fresh seafood offerings.
Governments are offering financial help to fishermen and seafood businesses, but for many in the… Read More
The COVID-19 outbreak will impact women to a worse degree than men and deepen existing gender inequalities, according to a new analysis by WSI, The International Organisation for Women in the Seafood Industry.
In addition to playing a major role in the global healthcare and care-giving workforce, women are also a key part of the food industry, and are currently working in more difficult circumstances than ever before, to maintain food security… Read More
A new report from Lux Research explores the future of alternative aquafeed ingredients, evaluating insect protein, single-cell protein, and algae protein as potential replacement options in fishmeal.
The FAO estimated in 2018 that aquaculture production would reach 201 million metric tons (MT) by 2030, in line with a 10 percent annual increase in demand for fish protein. However, according to IFFO, global annual fishmeal production from… Read More
Sweden is set to become the European leader in land-based fish farming, according to a recent announcement by the Municipality of Sotenäs and Lighthouse Finance A/S.
At a press conference, municipal board chairman Mats Abrahamsson said that Sotenäs had entered into an agreement with Lighthouse to "start a multi-billion-[dollar] class establishment.”
The new fish farm complex will span 75 hectares, making it the largest in… Read More
The United Kingdom’s fisheries sector can be challenging to work in due to sporadic income, unsociable working hours, and risks to the health and safety of employees, speakers at a recent meeting of the U.K. All Party Parliamentary Group on Fisheries (APPG) testified. In addition, many fishing communities suffer from socioeconomic deprivation, and it is feared that issues related to Brexit may make their situation even worse.
The APPG,… Read More
As women all over the world celebrated International Women’s Day on Sunday, 8 March, attending rallies, conferences, and gatherings, Marie Christine Monfort, president of the International Association for Women in the Seafood Industry (WSI), used the day for a call to action.
“We call upon the responsible international organisations and national institutions, professional associations, trade unions, and private corporations to end… Read More
Hatch, the global aquaculture accelerator program, has just announced the closure of its first USD 8.4 million (EUR 7.7 million) fund. Additionally, the program has opened the application period for its fourth cohort of entrepreneurs, who will be put through a rigorous development regime.
The Hatch program aims to find, develop, and fund disruptive aquaculture start-ups with “innovative, sustainable, and scalable solutions that solve real… Read More
Norwegian cod farming company Norcod has just raised NOK 105 million (USD 11.34 million, EUR 10.42 million) in a private placement, enabling it to invest in additional juvenile fish and build up the overall biomass of its cod. The company aims to become the world's top producer of sustainably farmed cod.
Norcod entrusted the deal exclusively to SpareBank 1 Markets, which acted as manager and bookmaker.
Private placements are transacted through a… Read More