Business & Finance

INNOVATION & TECHNOLOGY

INNOVATION & TECHNOLOGY

NOAA Sea Grant has confirmed US$2.1 million has been allocated to fund four projects that advance aquaculture research and extension to support sustainable aquaculture in Maine.

10th October 2022

Maine aquaculture support

10th October 2022

ANALYSIS

ANALYSIS

Investing just 1% of sales in traceability could increase the seafood industry’s profitability by 60% to a total US$122 billion, according to a new report compiled by non-profit financial think tank firm…

7th October 2022

Follow that fish

7th October 2022

AQUACULTURE

AQUACULTURE

Norway Royal Salmon (NRS), Måsøval and SalMar have become the latest seafood producers to cancel their plans for growth after the Norwegian government announced a tax hike on aquaculture from 22% to…

7th October 2022

‘Salmon tax’ hits more firms

7th October 2022

AQUACULTURE

AQUACULTURE

Following its announcement on 3 October that it would freeze investments in Norway if the country introduces a proposed 40% resource rent tax on aquaculture, salmon producer Cermaq has ended its NOK…

6th October 2022

Cermaq terminates permits

6th October 2022

FEED & NUTRITION

FEED & NUTRITION

Three animal feed manufacturers have won a total of US$300,000 in a contest to develop and market aquaculture feeds that do not use ingredients from wild-caught fish.

6th October 2022

Feed challenge winners

6th October 2022

SEAFOOD

SEAFOOD

Secondary producer of nutraceutical, seafood products and marine ingredients New Zealand Coastal Seafoods Limited (NZCS) has announced the intended acquisition of Nine Ocean Group.

5th October 2022

Strategic purchase for NZCS

5th October 2022

AQUACULTURE

AQUACULTURE

Leading salmon farming companies across Norway are cancelling contracts aimed at increasing capacity after the government announced a tax rate hike on aquaculture from 22% to 62%.

5th October 2022

Norway’s growth threatened

5th October 2022

SEAFOOD

SEAFOOD

Oceana is selling its cold storage business to focus on its global fish protein sector.

5th October 2022

Oceana sells cold storage

5th October 2022

SEAFOOD

SEAFOOD

Big Idea Ventures, an early-stage investor in the alternative protein sector, has announced its latest accelerator cohort, which includes a number of new seafood-focused enterprises.

5th October 2022

‘Seafood’ start-ups funded

5th October 2022

AQUACULTURE

AQUACULTURE

Cermaq has announced it will freeze investments in Norway as a consequence of the country’s proposed resource rent tax.

4th October 2022

​Cermaq freezes investments

4th October 2022

LAND-BASED FARMING

LAND-BASED FARMING

Norwegian aquaculture services and equipment provider AKVA Group has secured a contract with Icelandic Land Farmed Salmon (ILFS) for the delivery of a new smolt facility to be built in Vestmannaeyjar, the most southern…

4th October 2022

Smolt contract win for AKVA

4th October 2022

AQUACULTURE

AQUACULTURE

Faroese government has presented a proposal that seeks to adjust its revenue tax on the salmon farming industry from next year. 

4th October 2022

Faroes to revise salmon tax

4th October 2022

AQUACULTURE

AQUACULTURE

Compensation is yet to reach fish farmers across Europe seven months after Russia’s invasion of Ukraine.

3rd October 2022

Aid yet to reach fish farmers

3rd October 2022

BUSINESS & FINANCE

BUSINESS & FINANCE

Cyprus has been given €38.3 million in EU funding to help promote the sustainable growth of the country’s aquaculture and fishing sectors.

30th September 2022

EU funding for Cyprus

30th September 2022

AQUACULTURE

AQUACULTURE

SalMar’s Chief Financial Officer, Gunnar Nielsen, has resigned from his position, the salmon farming group has confirmed. Nielsen only joined SalMar in April this year.

30th September 2022

SalMar CFO resigns

30th September 2022

SEAFOOD

SEAFOOD

UK government has announced an expansion to the autonomous tariff quota (ATQ) on imports of coldwater prawn products into the country.

30th September 2022

UK expands prawn tariff

30th September 2022

FISHERIES

FISHERIES

Alaska’s Bristol Bay’s 2022 inshore sockeye salmon run totalled 79 million fish – the largest run on record and some 81% above the 43.6 million average for the latest 20-year period (2022-2021). Additionally,…

30th September 2022

Bristol Bay salmon record

30th September 2022

SEAFOOD

SEAFOOD

The creation of a national seafood marketing council for the United States has moved a step closer with Republican Senator Roger Wicker of Mississippi introducing the Seafood Marketing Act of 2022, co-sponsored…

30th September 2022

US seafood council return

30th September 2022

SHIPYARD NEWS

SHIPYARD NEWS

Norway’s Brunvoll AS has signed a contract with Sefine Shipyard in Turkey for the supply of propulsion, manoeuvring and control systems for two large live fish carriers for Intership AS. The vessels…

30th September 2022

Brunvoll fish carrier contract

30th September 2022

AQUACULTURE

AQUACULTURE

The Government of Norway has proposed to introduce a new resource rent tax on aquaculture with effect from 1 January 2023.

29th September 2022

New salmon tax plans

29th September 2022