Latest news
Trident commits to pollock B season at Kodiak processing plant
The news comes after speculation over the company's future at the processing facility
BC at risk of losing CAD 300M post-smolt facility as Grieg weighs options
Ehattesaht First Nation poised to take 30% ownership in the proposed facility, pending a more stable investment climate and resolution of industry uncertainties
Ian Race takes helm at BC tech provider PR Aqua
Race will oversee the operations of the aquaculture design and technology provider from the company's base in Nanaimo, British Columbia
Hollis to lead sales for Northern Wind
Mike Hollis joins Northern Wind after most recently work nearly two years as vice president of sales for Pacifico Aquaculture
CAD 30m bid on the table for Sustainable Blue as restructuring effort continues
Minority owners have stepped up with a stalking horse bid to secure the future of the Canadian land-based salmon producer as a court decision looms
Alaska fisherman pleads guilty to ordering shooting of whale
The charges stem from an incident in March of 2020
New study shows promise of recovery for Newfoundland’s northern cod
'The people who were more on the doomsayer side, saying that this stock is not capable of coming back to anything like it was... that's just been proven wrong' -- scientist George Rose
Canada funds AI tech company to protect whales
Montreal-based Whale Seeker says it has developed an AI tool that analyzes aerial images and can detect marine mammals 25 times faster than the human eye
Ingalls-McVey joins The Kingfish Company
Christa Ingalls-McVey is now vice president of business development for North America with the Dutch land-based aquaculture company
North American lobster price tumble spreads to frozen tails, meat, exports
Canadian lobster exporter Stewart Lamont has given his explanation of the recent lobster price collapse a name that sounds like an Agatha Christie book title: 'The curse of the 20-dollar-bill'
Motherships could be on horizon for Gulf of Alaska amidst pollock processing uncertainty
With Trident Seafoods' plans in flux, officials in Kodiak, Alaska, are considering an emergency request for offshore processing ahead of the pollock B season
Nasdaq: Norway salmon spot prices fall, but not far
Spot prices for Norwegian farmed salmon dropped in week 21 of 2024 (commencing May 20) after three weeks of relatively stable levels
Spain’s Actemsa enters insolvency proceedings initiated by creditors
A Spanish court has accepted a 'necessary insolvency' petition for Actemsa, a family-run business from A Pobra do Caraminal
Sanford profits jump 46% on salmon, mussel strength
In salmon, revenue grew nearly 18% on the back of strong market prices, favorable product mix, and growth in its specialty king salmon brand Big Glory Bay
Polar Seafood sees profits slip again in 2023, forecasts 2024 recovery
After a 2022 dive in profit following the discontinuation of its Russian operations, profits slipped again in 2023, with a potentially tumultuous period of business ahead
UK clothing firm partners with seaweed venture for ocean carbon capture
UK retail clothing company New Look has partnered with environmental firm Carbon Kapture to fund an ocean-based carbon capture initiative called 'Hope on a Rope'
Icelandic salmon farmer Geo Salmo seeks new financing
Geo Salmo is exploring options for additional financing after raising $20m last fall
Nestle backs Europe’s largest oyster reef restoration project offering 15% returns
Netherlands-based Oyster Heaven claims to not only prove it can restore oyster reefs at a large scale but also make that financially viable for mainstream investors
While aquaculture talks falter, Norway fishmeal/feed workers strike wage deal
Negotiations on the fishmeal and fish feed wage agreement involve around 700 unionized members with companies such as BioMar, Pelagia, Skretting, Mowi and EWOS
Tri Marine: Private label canned tuna sales poised to continue growth in EU, US
Tri Marine's sustainability director highlighted the need for innovative approaches to 'uplift the value of tuna' amidst shifting environmental and market dynamics
Peru sets lower giant squid quota for 2024
Peru's production ministry has established the annual capture quota for giant squid (dosidicus gigas) at 499,683 metric tons for 2024, 14% down y-o-y
Daily recap: Live from Thaifex; US groundfish traders eye UK, EU amid soaring cod prices
Undercurrent News presents a recap of the top daily seafood stories from Wednesday, May 29
US scallop prices climb again for all sizes
As of May 22, harvesters had landed almost 3.9m lbs of scallops, closer to the total 4.5m lbs landed during the first two full months of the 2023 season, based on NOAA data
High tilapia prices spark surge in southern China pond stockings
Farm-gate rates have hit their highest level since 2015, when Undercurrent began tracking prices for the whitefish species
US lawmakers slam NOAA for starting king salmon Endangered Species Act review
NOAA announced last week that it would proceed with a formal review of whether or not to list king salmon with ESA protections in response to a petition filed by the Wild Fish Conservancy
Peter Pan Seafood to pay US EPA $750k to settle Alaska plant pollution violations
The consent decree, issued late last week, is the latest setback for the troubled Alaskan shoreside processor
Nepper replaces Gottsacker as CEO of land-based trout farmer Riverence
Brandon Gottsacker remains the CEO of Superior Fresh, according to his LinkedIn profile
Walmart family-backed aquaculture fund separates Canadian R&D unit
Myrna Gillis has been named CEO of Center for Aquaculture Technologies Canada
Chile’s Multi X promotes Niemann to run US operations
Jorge Goles Niemann starts June 1 in his new role, replacing Ricardo Grunwald Aravena, who was serving as US general manager on an interim basis
Editor’s choice: Fallout as Red Lobster files for bankruptcy; Live from Thailand, London
EMEA editor Neil Ramsden brings you a roundup of the main stories from the previous week