Maruha snaps up 10% stake in Japan’s largest surimi producer for $19m
Japan's Maruha Nichiro has acquired a minority stake in Kibun Foods with a capital alliance to collaborate in manufacturing at home and developing offshore surimi product markets
Sanford’s improved H2 salmon, mussel profits offset weak squid season
Despite a 23% y-o-y EBIT improvement, Sanford's annual earnings remain 24% lower than pre-COVID performance, however
Groundfish Forum projects increased global pollock catch, sharp drop for cod in 2024
Global Atlantic cod catches are anticipated to drop by 14% to 791,000t, the lowest level in over a decade, while Alaskan pollock supply is set to climb again
Norway-backed Argentine whitefish firm seeks investor ‘partner’ to finance M&A in other species
Norway's Ocean Harvest, which owns Argentine fishing firm Estremar, is looking for an investor 'partner' to help finance M&A in new species, seeing an opening in the Latin American country after the upcoming election
CEO of NZ’s largest seafood firm follows top sales exec out door
New Zealand's largest seafood company, Sanford, has parted ways with its CEO not long after its top sales executive also left
High prices to drive NZ’s export revenue up 8% despite volume drop
New Zealand's seafood industry is experiencing growth for the second consecutive year, with export value expected to reach NZD 2.1bn for the year ending June 30, 2023
Argentinian surimi supplier Estremar plans factory trawler upgrade
Estremar Argentina's Centurion del Atlantico will undergo a refit project, installing a new propulsion system and a surimi factory in Norway later this year
Nissui suffers $13m impairment loss on South American fishing division
Japan's Nissui Corporation has recorded a JPY 1.8bn impairment loss for its 'struggling' South American fishery business after poor catches and soaring fuel and equipment costs
NZ’s Sealord pushes through higher prices as 2022 profit dives 92%
New Zealand's Sealord is pushing through higher prices to deal with the inflation that saw its pre-tax profit dive 92% to NZD 3.63m in the 12 months to Sept. 30
Sanford’s rock lobster quota sale, deepwater fishing lift full-year earnings
New Zealand's largest seafood company saw sales revenue increase to NZD 531.9m in the 12 months to the end of September, while net profit after tax increased by 244% to NZD 55.8m