IntraFish | Latest seafood, aquaculture and fisheries news

High demand and decrease in global farmed salmon supply sees Salmones Camanchaca recovery gather pace The days of panic-buying are over for scallops on the US market, industry experts say 'A scramble for aquaculture in Australia': With Tassal, Cooke makes one of the country's last available salmon farming plays Chemical giant BASF joins Aqua-Spark in funding seaweed production venture Icelandic land-based salmon farming group appoints new CEO Aqua Spark-backed AI shrimp firm names new CEO Looming UK port strike to impact $800 million in trade, force container ships to redirect Land-based yellowtail farmer The Kingfish Company names new CFO No relief for refrigerated container rates in Q3, but modest decline may come in 2023, analyst says Young's Seafood launches rebranded fish finger range at UK retailer Asda, and says it's bucking the 'shrinkflation' trend

'This scallop season has been unlike any other, and I've been doing this for 30 years'

'A scramble for aquaculture in Australia': With Tassal, Cooke makes one of the country's last available salmon farming plays

'We like the macro trends we see': Here is why this $1 billion investment fund is investing in land-based aquaculture

It happened in Canada's salmon farming sector. Will it happen in Chile's?

BioMar CEO slams rivals' 'surprising and disappointing' decision to continue supplying aquaculture feed to Russia

'There is a nervousness in the market': After hitting ceiling, farmed salmon prices show signs of stabilizing

Shipping & Logistics

Looming UK port strike to impact $800 million in trade, force container ships to redirect

‘We are at a real revolutionary point’: Impact investing in aquaculture is just getting started

'We have more acquisitions in the pipeline': Cooke CEO says plenty of deals on the way

Canadian seafood giant Cooke reaches deal to acquire salmon farmer Tassal

High demand and decrease in global farmed salmon supply sees Salmones Camanchaca recovery gather pace

Now online Click and read latest edition of IntraFish

Land-based salmon

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DNB: Despite risks, ESG investing mandates make land-based aquaculture attractive

'This needs to change': Atlantic Sapphire says industry's distribution chain lags behind other proteins

Land-based salmon farming in Maine: From dream to disaster

Exclusive

Why Japanese behemoth Mitsubishi chose Maruha Nichiro for its first land-based salmon venture

With big-name backers and all-star talent, this land-based salmon farming project seems to have everything it needs. So why did its equipment supplier just remove the project from its books?

Interest rates force genetically-modified farmed salmon producer AquaBounty to scale back ambitions

'The moment we have all been waiting for': Salmon Evolution pumps first smolt into land-based farm

'Projects starting up in the next 3-5 years will be a lot stronger from day one': Billund CEO sees new, more stable era in land-based aquaculture

'It is strange more people don't see it': Despite a record-low share price and a need for fresh equity, Atlantic Sapphire CEO remains optimistic

Land-based salmon farm in Maryland gains permit, is one step closer to reality

Sweden land-based salmon farming operation hunting for $150 million to complete first phase

Samherji doubles profit, raises cost of land-based salmon farming project to $440 million

Norway's first land-based salmon farmer wants to switch to yellowtail, citing 'greater earnings potential'

Small-town Maine's war on aquaculture: Citizens are pushing moratoriums to stop aquaculture's growth

'No one is making money': Cooke CEO on why land-based will never take over salmon farming

Land-based farmer Salmon Evolution completes second smolt release

Massive land-based salmon farming project delayed by prehistoric archeological finds

Delayed US land-based project now expected to begin construction in 2023

Dongwon-backed Salmon Evolution raises millions in private placement

Russia's first land-based salmon farm is about to begin operations

RANKING

EXCLUSIVE | See the salaries of seafood's top CEOs

Young's Seafood launches rebranded fish finger range at UK retailer Asda, and says it's bucking the 'shrinkflation' trend

Land-based yellowtail farmer The Kingfish Company names new CFO

Chemical giant BASF joins Aqua-Spark in funding seaweed production venture

Chile's new president takes fire at Nova Austral, but softens tone on salmon farming sector

New Zealand giant Sealord is so short-staffed that even the CEO is taking his turn on the factory floor

Interview

Early mornings, 150 travel days and a little bit of rugby: Cermaq CEO's 30-year career in aquaculture has never been slow

Aqua Spark-backed AI shrimp firm names new CEO

Markets

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UK supermarket Morrisons ‘committed to maintaining ownership’ of its fish processing operations despite fears of sell-off

‘Stronger than it has even been’: Market forces conspiring to keep Icelandic frozen cod prices sky high

As consumers cut costs, will seafood brands be the first to go?

‘We are going to spend a lot of money penetrating the market’: Salmones Austral has grand plans for coho in the US

Fortune Fish buyer on sinking lobster sales: 'Prices were outrageous and people have backed off on them'

The battle for the US shrimp market is growing more intense

Retail buyers expecting lower prices for record volumes of Bristol Bay salmon facing inflationary reality-check

'Seafood has gained while others have lost': Wells Fargo analysts say the industry will weather climate change, recession better than other proteins

North Atlantic Seafood Forum

Young's CEO: Inflation could delete $122 million from UK seafood market

The latest seafood sales data paints an ugly picture

Norwegian seafood exports smash records in first half of 2022

Fewer visits, cheaper choices: Inflation is threatening to stall seafood's recovery at US restaurants

Vietnam's Minh Phu teams with cell-based seafood producer Shiok Meats for new facility

US seafood marketing campaign sees benefits from 'laser focus' on health

Rabobank warns shrimp market is headed for a correction

Alaska pollock prices hold firm, but a softer market could be on the horizon

Seafood should brace for dramatic changes in consumer demand, IKEA executive says

Exclusive

'Such an opportunity': Here's why Walmart went all-in on First Nations-Mowi partnership

Foodservice in Focus

Sysco-backed research shows how the pandemic has brought 'profound shock' to the sector

'It's going to be a tough year': UK fish and chip shops battle the rising cost of everything

Icelandic land-based salmon farming group appoints new CEO

After losing takeover battle, owner of Norwegian salmon farming giant launches $1 billion acquisition vehicle

Shipping & Logistics

No relief for refrigerated container rates in Q3, but modest decline may come in 2023, analyst says

Tassal inks $352 million sustainability-linked loan in Australian aquaculture first

Editor's Picks

Cooke can't stop itself from growing, imitation seafood labeling, and a CEO hits the slime line

'Everybody has put the brakes on expansion': Brazil's tilapia industry settling for status quo amid economic uncertainty

People

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Chile salmon joint venture BluGlacier appoints marketing director

Scotland's Sustainable Aquaculture Innovation Center targets industry's next generation with new hire

Kroger meat and seafood director moves to Giant Eagle

Chile salmon farmer Multi X hires US consumer sales vice president

Aqua-Spark appoints Rabobank exec as its new CEO

Huon CEO joins Cooke to lead its east coast Canada operations

Benchmark appoints commercial lead to drive new sea lice medicines

Roger Hofseth steps down as CEO of Hofseth BioCare

Atlantic Sapphire director leaves, joins Middle East-based RAS salmon farmer

Mowi Canada East appoints former Scotland boss to lead firm

He started with a camera in the bathtub. Now his company is valued at $100 million

CEO of Aqua-Spark-backed Bluegrove steps down

Icelandic land-based salmon farming group appoints new CEO

Aqua Spark-backed AI shrimp firm names new CEO

Land-based yellowtail farmer The Kingfish Company names new CFO

BioMar CEO slams rivals' 'surprising and disappointing' decision to continue supplying aquaculture feed to Russia

Scottish salmon trade body demands action on immigration, as industry struggles with severe post-Brexit labor shortages

CEO of New Zealand seafood giant Sealord takes to the processing floor as worker shortage prompts $3 million loss at hoki factory

Interview

Early mornings, 150 travel days and a little bit of rugby: Cermaq CEO's 30-year career in aquaculture has never been slow

Processing tech giant Baader puts sector veteran at Icelandic marketing helm

'Projects starting up in the next 3-5 years will be a lot stronger from day one': Billund CEO sees new, more stable era in land-based aquaculture

Biomar, Icelandic seafood giant to build net-zero aquaculture feed facility

Shipping & Logistics

High airfreight rates drive Brazil tilapia producers into US frozen market

Demand for alternative feed ingredients rises as inflation, food security play bigger part in purchasing decisions

Tassal delivers sturdy earnings as salmon farms reach scale and it becomes Australia's largest shrimp farmer

Norway's Firda Seafood gets boost from strong farmed trout prices

Finance

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Blazing seafood M&A streak on pace to beat last year

Key associates of Russian tycoon Roman Abramovich sell off pollock stake to Gidrostroy

There is great interest out there': M&A in the salmon sector is just getting started, say analysts

Aqua-Spark nearly doubled assets under management in 2021

Offshore yellowtail farmer acquires assets of Hawaii seafood distributor

'Where's the big money?' UN Ocean summit highlights aquaculture funding shortcomings

S2G Ventures leads $10.8 million funding round for cell-based seafood startup Avant

Nueva Pescanova reportedly close to making its first acquisition in a decade

Private equity's massive war chest puts seafood industry in the crosshairs

French seafood processing group Mericq acquires Irish lobster supplier

Cooke subsidiary acquires Canada trucking firm

Broodstock Capital-backed fish health group acquires consultancy firm

Maruha Nichiro's Seafood Connection acquires UK supplier

Former Mowi CEO, Bain executive invest in African tilapia farmer

Fund launched by Dutch banking giant on the hunt for aquaculture deals after Aqua-Spark investment

BioMar acquires shrimp feeding technology company

Australian barramundi firm acquires US production site

French venture capital firm's new fund targeting sustainable aquaculture, blue economy investments

Tilapia and shrimp distributor Tropical Aquaculture Products files for bankruptcy

Bluefront Equity takes majority stake in seafood refrigerant firm as ex-BioMar VP comes aboard

US antidumping duties on Asian farmed shrimp appear likely to continue

'We are really in a position to move': Canadian seafood giant High Liner is back in the M&A mood

Scottish salmon trade body demands action on immigration, as industry struggles with severe post-Brexit labor shortages

The battle for the US shrimp market is growing more intense

'Imitation crab' is proof we have a major problem with plant-based seafood labeling

Earnings hit at aquaculture equipment group Akva as Ukraine war continues to cast its shadow

In Case You Missed It

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From the Archive

Salmon worms are squirming under the radar, for now

'There are no winners in this game now': Skretting executive says significant cost shock is ripping through aquaculture feed sector

'Overwhelming local support': Land-based farmer Kingfish gets big win as US town rejects proposal to pause aquaculture projects

‘Simply impossible’ to substitute Russian pollock, says one of Europe’s largest whitefish processors

Exclusive

Inside the Mitsubishi, Maruha Nichiro land-based salmon venture

These 15 salmon farmers produce half of the world's farmed salmon supply

This land-based salmon farming project seems to have everything it needs. So why did its equipment supplier just remove the project from its books?

North Atlantic Seafood Forum

‘It won't disappear’: Russian whitefish will find its way to market despite sanctions

Private equity firm invests in spinoff of Rokke's Aker BioMarine

North Atlantic Seafood Forum

It isn't over yet. Skretting executive warns of further challenges ahead for aquaculture feed companies

Buyers eager for Pacific hake in red-hot whitefish market

American Seafoods exec on Bayside ruling: 'We have alternative plans in place that we will now activate'

Can pangasius fill the whitefish void in wake of Russian shutdowns?

'They cannot survive': Extended lockdowns put China seafood businesses at risk

Seafood M&As show no signs of slowing in 2022

Greenland seeks to update feed regulation to pave way for fishmeal, oil exports

'Their greed is stifling the industry'

Interview

Watch out: Cargill's investment in Multi X is just the first step in its ambitious seafood strategy

Two months after Russia's invasion of Ukraine, here are the key companies that have (and have not) cut ties

Foodservice giant Sysco plans to shutter M&J Seafood sites in UK

'They know it will be more expensive tomorrow': Demand pushing Norwegian cod prices as much as 60% higher than this time last year

Birds Eye, Iglo parent Nomad Foods turning to pangasius as alternative to Russia whitefish

Norway farmed salmon prices dip again in slow market

Salmon farmer Kvaroy hopes high prices can offset its struggles with high mortalities, sea lice

Former Bumble Bee CEO Lischewski loses court fight related to price-fixing case then fires legal team

Lithuanian seafood giant Viciunai loses battle for Russian brand name as sales process rumbles on

Key associates of Russian tycoon Roman Abramovich sell off 50% stake in pollock firm

Stockwatch

Struggling Iceland Seafood International sheds nearly $148 million from market cap in past 12 months

Norway continues to smash records for salmon sales, but is trouble looming on the horizon?

Price increases, foodservice rebound drive 30% increase in High Liner earnings

Norway and Russia's Barents Sea cod, haddock quota advice to be over two months late

'A good story of COVID, the transition, and recovery': Salmones Austral invests $100 million as it readies for delayed IPO

Fisheries

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'It is impossible to plan': Russian seafood industry calls for pause on quota investment program, fearing billions of dollars in losses

Norway's cod suppliers lose customers over missing Marine Stewardship Council eco-label

Faroese pelagic group Vardin expects to lose half its sales after ending exports to Russia

Royal Greenland reports highest earnings in its 250-year history

Peru announces hike in anchovy quota

Buyers eager for Pacific hake in red-hot whitefish market

Labor market remains tough as Alaska pollock producers head in to lucrative "B" season

Norway bans Russian vessels from ports, but excludes fishing boats

Is China getting insider information on Peru's anchovy season? One top CEO has suspicions

Another top executive is leaving American Seafoods

The days of panic-buying are over for scallops on the US market, industry experts say

Editor's Picks: Cooke can't stop itself from growing, imitation seafood labeling, and a CEO hits the slime line

CEO of New Zealand seafood giant Sealord takes to the processing floor as worker shortage prompts $3 million loss at hoki factory

Norway and Russia's Barents Sea cod, haddock quota advice to be over two months late

Stockwatch

Struggling Iceland Seafood International sheds nearly $148 million from market cap in past 12 months

Key associates of Russian tycoon Roman Abramovich sell off pollock stake to Gidrostroy

Price increases, foodservice rebound drive 30% increase in High Liner Q2 profit

'They know it will be more expensive tomorrow': Demand pushing Norwegian cod prices as much as 60% higher than this time last year

'We have more acquisitions in the pipeline': Here is how EU shrimp group Morubel fits into Cooke's growth plans

Cooke acquires Belgian shrimp processor Morubel

Swedish plant-based seafood startup launches $10 million funding round to grow EU market

Cell-cultured salmon firm backed by Bezos, DiCaprio joins fight against Pebble Mine project in Alaska

Russian seafood imports fall off a cliff in first half

Australian salmon farmer Tassal blamed for 'nuisance' algal blooms

Interest rates force genetically-modified farmed salmon producer AquaBounty to scale back ambitions

UK supermarket Morrisons ‘committed to maintaining ownership’ of its fish processing operations despite fears of sell-off

Whitefish

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'They cannot survive': Extended lockdowns put China seafood businesses at risk

Can pangasius fill the whitefish void in wake of Russian sanctions?

Russia supply crunch sends Alaska pollock prices soaring to 15-year highs

Red Lobster quietly removed pollock from its menu. The replacement fish may surprise you.

A month into Ukraine's invasion, frozen fish giant Nomad still silent on Russian sourcing strategy

'People are going to have to be more adventurous': Ukraine crisis forces UK fish and chip shops to trial cheaper alternative species

Owner of Russian Fishery Company, Russian Crab Group sells out on same day US treasury department applies sanctions

Russia threatens to unilaterally increase Bering Sea pollock harvest

Leroy invests $19 million in one of Norway's largest whitefish filleting factories

'The company's strategic priorities remain the same': Russian Fishery Company pushes ahead with plans

UK government temporarily drops 35% Russian whitefish import tariff, citing need to review impact

Costco turns to new surimi supplier after exclusive vendor fails to fulfill contract

Fresh off a new acquisition, Walmart surimi supplier Aquamar readies a radical innovation plan

Looming UK port strike to impact $800 million in trade, force container ships to redirect

No relief for refrigerated container rates in Q3, but modest decline may come in 2023, analyst says

Young's Seafood launches rebranded fish finger range at UK retailer Asda, and says it's bucking the 'shrinkflation' trend

'Everybody has put the brakes on expansion': Brazil's tilapia industry settling for status quo amid economic uncertainty

High airfreight rates drive Brazil tilapia producers into US frozen market

CEO of New Zealand seafood giant Sealord takes to the processing floor as worker shortage prompts $3 million loss at hoki factory

'Projects starting up in the next 3-5 years will be a lot stronger from day one': Billund CEO sees new, more stable era in land-based aquaculture

Maine's candidates for governor bash Norway-backed salmon farming project ahead of election

Sanford sees third quarter recovery, but labor limitations dragging on growth

Cooke acquires Belgian shrimp processor

Maruha Nichiro to issue Japan's first blue bond as it reports 25% earnings hike

'Back in expansionist mode': Sealaska-owned New England Seafood CEO takes on wider role as the company sniffs out new opportunities

Startup says its lab-grown 'fish balls' are ready for market, and awaiting EU regulatory approval

Opinion

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Big agriculture is having a major FOMO moment about seafood

Here is why no British seafood brand will ever make it big in America

Are plant-based seafood labels really misleading? Judge for yourself.

Guest Commentary

It's time to put 'Blue Food' at the center of the climate negotiating table

Seafood's new race to the bottom: Carbon emissions

Guest Commentary

How does the Bristol Bay wild sockeye salmon run keep breaking records?

Buckle up! The container clog may continue until consumer spending changes

Guest Commentary

Plant-based seafood needs accurate labeling. Let's call it mushed vegetables pressed into a shape.

Guest Commentary

The seafood industry cannot surrender to climate change

Letter

These are the critical reasons alternative seafood labeling has to improve, says former Stavis CEO

Guest Commentary

Who farmed this fish?

Politicians have failed Northeast Atlantic pelagic stocks. Will €244 billion change their minds?

Alaska pollock's crazy train to nowhere

Guest Commentary

The industry is missing the boat on tropical marine aquaculture

Guest Commentary

'Eating our Way to Extinction' had full access to Scottish salmon farms but chose not to come

'You have been getting away with it': Shipping costs aren't rising, they're normalizing

Asking candidates about vaccination status 'a potential minefield for UK seafood employers'

Opinion

Here's why the future is looking bright for seafood

No, land-based salmon farming doesn't get a free sustainability pass

Has COVID cured you of seafood trade shows?

Iceland Seafood International widens losses as it battles 'rapid and substantial' price increases

Unlocking the power of the sustainable-seafood consumer may require radical change

Processing tech giant Baader puts sector veteran at Icelandic marketing helm

Rabobank: Ecuador shrimp export success founded on sound strategic decisions

Fortune Fish buyer on sinking lobster sales: 'Prices were outrageous and people have backed off on them'

Podcast

Is the pen mightier than the farmed salmon?

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