Clearwater eyes buying Ocean Choice as critical re-fi deadline looms

In less than seven weeks, Ocean Choice will be forced to refinance its CAD 175m in debt and it’s unclear where that money will come from (more…)

Sources: Glacier building Iquique US trawler, plans pollock vessel

US fishing firm is reportedly mulling building a new pollock trawler as construction on a 80-meter Amendment 80 flatfish vessel for Iquique US is planned to start later in year

Weather and disease still hampering shrimp production in Central America

According to importers from Central America, a number of countries are still suffering from losses caused by disease and poor weather and the prognosis for 2016 is flat

Sysco to acquire Brakes Group for $3.1bn

Transaction to bring European foodservice distribution leader under US company’s group; deal to be ‘immediately accretive to Sysco earnings’, with combined $55bn sales

Herring prices firm up on the back of low catches in North Sea

Herring prices are firm and with prospects to increase in case catches in the North Sea continued slow

Havfisk’s Q4 profits soar on high prices, catch volumes

Report: Continued warming could make Barents Sea 'unlivable' for cod, haddock

Norwegian fishing firm scored strong increases in operating margins year-on-year throughout 2015, and the fourth quarter was no different (more…)

Havfisk commissions new €34m trawler

Norwegian fishing firm Havfisk has entered an agreement with shipbuilder Vard to build and equip a new combination trawler, in a contract worth NOK 325 million ($37.9m)

Smoker Severn & Wye warns of salmon shortage, higher prices

McLelland steps down as director of Associated Seafoods

After hitting the highest level for 30 years a few weeks ago then dropping, UK smoker sees upward movement continuing again (more…)

Open Blue hires ex-Regal Springs, Marine Harvest exec as COO

Open Blue expands in European foodservice, hopes for retail deals

Cobia farmer hires former Marine Harvest and Regal Springs executive Francisco Murillo as chief operating officer (more…)

NFI continues push to repeal new catfish regulation

The National Fisheries Institute says there are several options on the table to repeal the recently-passed catfish regulation program (more…)

Retailer Meijer joins in lawsuits alleging tuna canners colluded

Grand Rapids, Michigan based grocer Meijer has become the latest regional retailer to join a class action suit alleging the US ‘big three’ tuna brands colluded to fix prices

Salmar invests in ‘exciting’ Icelandic salmon farm

Arnarlax CEO Kristian Matthiasson. Credit: Bjorgvin Thor Bjorgvinsson of Islandsstofa

The investment of NOK 43.4 million came in the fourth quarter of 2015, and puts Salmar 'in position to take a more active role in further development' in Iceland (more…)

India becomes largest Asian surimi supplier for Japan

In India, surimi production went favorably in the latter half of 2015, with shipments to Japan reaching 37,000t, making it the largest supplier among Asian countries

Shortage of lobster processing capacity pushing meat prices through roof

Any restaurateur attempting to use lobster meat at this time knows that pricing is through the roof

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Pelagia planning 100,000t processing plant in Denmark

Iceland pelagic sellers question Russian red listings

The 50/50 joint venture between Kvefi and Austevoll Seafood will 'expand significantly' on the back of a new processing plant located in Denmark, CEO tells Undercurrent News (more…)

Norway salmon prices remain high

Marine Harvest, Fjordlaks, Sinkaberg-Hansen warned over sea lice levels

High spot prices on farmed Atlantic salmon remain high, with the largest fish flying in the NOK 60 range (more…)

Will tough 2015 prompt Chilean salmon restructure?

Presentation by Rabobank’s Gorjan Nikolik questions whether the expected improvements in terms of profitability will delay Chile’s much-needed changes

Award-winning Atlantika brand helping drive Ocean Trawlers FAS market share growth

Since its rebrand under Atlantika for FAS fillets, which won top UK design award, Ocean Trawlers’ sales and market share in global fish and chips has rocketed (more…)

Salmar sees decent Q4 profit despite ongoing biological issues

The costs of combatting sea lice put a dent in otherwise healthy results, with the knock-on effect of pushing the sales and processing segment into loss

AKVA achieves best-ever fourth quarter results

AKVA bullish on 2015 despite some uncertainty in Chile

The Norwegian aquaculture equipment supplier has reported its best ever fourth quarter showing, topping off a strong 2015 (more…)

Kirwin turnover up, profit down

Family-owned, Grimsby, UK-based processor Kirwin Brothers reported an increase in turnover in its latest financial year, but a drop in profit (more…)

US Foods ups focus on seafood supply chain, joins NFI

Foodservice giant, looking to go public after collapse of Sysco deal, sees seafood as ‘absolutely critical’ to its plans for future, exec tells Undercurrent News (more…)

Alaska-BC MoU a ‘blessing in disguise’ for wild salmon group

Salmon Beyond Borders using frustration over the Alaska-British Columbia Memorandum of Understanding to ramp up efforts

High Liner CEO: Sales volume recovery not expected until Q2

Decker takes over as CEO of High Liner as Demone moves to chairman

High Liner still hopes for a sales volumes recovery in 2016 but the timing of Lent will postpone the impact until after Q1 2016, the company said (more…)

Marine Harvest’s Rosyth losses mount amid challenging Sainsbury start-up

UK value-added processing plant is causing more losses for Marine Harvest, which hopes to break even by end of Q2

Keyport hires ex-North Pacific, Icicle exec to up fish sales

US crab specialist Keyport has hired Kelly Martin to accelerate the sales growth of fin fish, including salmon, black cod and several new retail packaged products (more…)