Business & Finance – Page 3
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Volare secures €26m to build new insect-based protein factory for aquafeeds
Finnish company’s new plant will produce the equivalent protein yield of 200 million Baltic herrings annually
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Samherji’s CEO steps down
Thorsteinn Már Baldvinsson advises staff of his decision in a letter, calling the seafood industry his life’s work
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Irish seafood grows despite challenges
Ireland’s seafood economy has grown 4% in 2024, driven by exports, landings and investment
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FAIRR: Feed stocks unable to keep pace with salmon production, raising supply chain risks
Industry deemed to be over-reliant on declining wild fish stocks for feed, with no scalable alternatives to support long-term growth
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Mads Martinsen named new General Manager for Skretting Norway
Appointment follows Håvard Walde’s switch to Managing Director for salmon operations in Australia, Chile, North America and Norway
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Salmon sector welcomes new UK-EU trade package
Deal expected to reduce costly delays and red tape that have cost Scottish exporters an estimated GBP 3 million a year since Brexit
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Tersan begins reconstruction of next-gen krill catcher for Aker QRILL
As part of an extension process, the vessel has been hauled ashore via a floating dock and self-propelled modular transporters
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Trident looks to set new aquaculture standard
Trident Aqua Services was formed through the merger of Intership, Aquaship and FSV Group
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UK-EU strike 12-year deal on fisheries access
Industry will also benefit from new SPS agreement that slashes costs and red tape for British exports into Europe, says UK PM
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Kita-Sanriku Factory, Yanmar launch pilot project for land-based sea urchin farming
Intention is to export products to the EU, the US, Dubai, Thailand and other markets around the world
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Freshr closes oversubscribed seed round
Investments made by Invest Nova Scotia, Diamond Edge, Nàdarra Ventures, BDC’s Climate Tech Fund and Blue Tide Capital
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Global boost for sustainable fishing
Eighty-five global projects have received over US$2m to advance sustainable fishing through MSC’s Ocean Stewardship Fund
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Insect protein startup gains investment
S2G and Ocean 14 are investing in Enthos to scale sustainable insect-based protein from food waste
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Alaska’s pollock A season concludes with strong yields
Bering Sea and Gulf of Alaska fisheries both achieved more than 90% of their quota while maintaining healthy biomass levels
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VARD takes energy-saving approach with stern trawler
Newbuild to feature TMC’s Smart Air compressors, which can offer up to 40% energy saving compared to conventional compressors
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Scotland advances ocean cluster, launches langoustine quality scheme
New Scottish Ocean Cluster quickly builds industry support, while the Scottish Quality Langoustine label is an industry first
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America increases shrimp imports
Market buys in 205,770 tonnes in the first-quarter of 2025, valued at over $1.7 billion
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35,000 attend Seafood Expo Global/Seafood Processing Global
Held in Barcelona, the 31st edition of the seafood trade event featured 2,187 exhibiting companies from 87 countries
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Tuna supply chains look to tackle migrant worker failings in processing space
New study launched at Seafood Expo Global 2025 puts migrant labour recruitment practices in the spotlight
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Bridging seafood’s confidence gaps and winning back young consumers
Industry challenged to make sustainable products more convenient, affordable and appealing to the buying public