Leroy Seafood Group followed this development by announcing its own plans to plow NOK 1 billion (€97 million/$118 million) into building additional recirculating aquaculture system (RAS) post-smolt facilities in Vestland, Norway.
Meanwhile, a shortage of shipping containers has driven up freight costs massively for seafood importers in the United States and Europe.
In a concerning development this week, a fire that tore through a Trident Seafoods processing vessel docked in Tacoma, Washington, rendered the vessel a total loss.
UK retail giants Co-op and Waitrose are temporarily suspending purchasing from The Scottish Salmon Company (SSC), one of the largest farmed salmon players in Scotland, over accusations of serious fish welfare breaches.
Switzerland-based investment bank Credit Suisse has launched its first oceans-focused impact fund valued at $212 million (€175 million) with the aim of investing in 30 to 50 aquaculture and fishery stocks and steering them away from ocean-harming practices.
Seafood company bosses speaking during the recent National Fisheries Institute Global Seafood Market Conference said the COVID-19 pandemic could turn out to be a major turning point for the industry.
During the same event, executives outlined how consumers have become much more tuned into the provenance of their food since the onset of the COVID-19 pandemic, demanding to know not only about where there products come from, but how they are produced and conditions facing workers.