This year's never-ending cost increases and spiraling inflation have been challenging for seafood companies and consumers alike.

Tilapia giant Regal Springs has been challenged by high feed costs, consumers opting for alternative protein to save money and freight costs, which in some cases has quadrupled.

This year has also been the year when the company's turnaround process slowly started to bear fruit.

Earlier this year, the company announced it was set to receive a $14 million (€13.5 million) capital investment from its holding company Golden Springs Group.