Icelandic fishing giant Brim posted a 29 percent drop in second quarter earnings before interest, taxes, depreciation and amortization (EBITDA) to € 9.5 million ($11.1 million) as the company battled fallout from the COVID-19 pandemic and lower harvests.

Seafood companies around the world suffered from a massive slump in demand from the foodservice sector as the COVID-19 pandemic and lockdown restrictions led consumers to stay home.