Markets
Antibiotic-contaminated shrimp from Asia rejected by FDA is U.S.
The U.S. Food and Drug Administration (FDA) released data on seafood line-of-entry rejections in May. Among the results, three of those rejections (2.9%) were of shrimp for reasons related to banned antibiotics.
1 million dollar agreement between Blue Star and Bloomin’ Brands for next level menus
Blue Star Foods has signed a new USD 1 million (EUR 928,16 million) supply agreement with Bloomin' Brands. Although the new contract was announced in June, it began in April and will run through the remainder of 2023.
Canadian snow crab fishermen add victories but need more
Newfoundland and Labrador snow crab has gained an additional five cents per pound increase in its minimum price, totaling 2.25 per pound.
U.S. will not revoke antidumping duties on frozen shrimp from China, India, Thailand, and Vietnam
The American Shrimp Processors Association applauded the U.S. International Trade Commission's decision on what they consider "unfair trade in imported shrimp."
Turkey increases fish production by 6.2% and aquaculture production by 9.1%
The Turkish Statistical Institute reported a 6.2% increase in fish production and a 2.1% increase in fish catches. Additionally, the aquaculture industry also added milestones, reaching an increase of 9.1%.
Challenging times for Norway but remains solid in seafood exports
Norway exported seafood products worth NOK 13.1 billion in May. These figures represent a 7% increase compared to the same month in 2022. These figures are attributed to the weakness of the NOK.
Nordic Halibut grows in weight and revenues in 2023
Nordic Halibut has achieved an optimal biological performance and reached an increase of 26% over the previous year thanks to market conditions and increased harvested weight.
Salmon Evolution is progressing and focused on moving forward
In the report, they highlight the continued increase in production at Indre Harøy and preparations for the second phase, as well as its international expansion plans, and latest financing package agreements.
Scottish salmon exports to Asia doubled
The EU remained the dominant market for Scottish salmon exports, but North America and Asia accounted for almost half of all sales in the first three months of this year.
Nova Scotia and its economic potential to gain millions from kelp farming
The Ecology Action Center (EAC) has released a new market assessment report highlighting Nova Scotia's potential for kelp farming. The study projects a potential market worth millions over the next three to five years.
A Canadian factory idled with 120 workers as a result of the snow crab price dispute
The confrontation between the Fish, Food & Allied Workers Union...
SalMar completes Q1 of 2023 with strong financial results
SalMar attained impressive outcomes with an operating EBIT of NOK 1,884 million in Q1 2023 and a total harvest of 48,500 tons.
Austevoll Seafood takes note and keeps working
Austevoll Seafood ASA (AUSS) published its 2022 annual report with a record year, although there are some areas to work on.
Lerøy completes the year successfully but wants more
Lerøy closes its 2022 annual report following a year that has been exacerbated by macro conditions. However, despite this, the Group profits in 2022 were higher than in 2021.
Atlantic Sapphire knows its strengths and weaknesses for 2023
Atlantic Sapphire announced its 2022 annual report with quarters that are already being monitored and others that are very promising.
Nordic Halibut achieves results and continues to aim high
Nordic Halibut's 2022 annual report shows that the company is making significant progress on its long-term production targets.
Up to 4% of GDP has increased the value of the fishing economy in Ireland
The value of the Irish fishing economy in terms of GDP increased by 4% in 2022, reaching €1.3 billion. This data is related to higher consumption in the catering sector, in addition to higher prices domestically and in the main export markets.
Mowi’s financial updates exceed expectations
Mowi according to the latest data update this morning has an operating profit of around €322 million. Beforehand, according to estimations, an operating profit of EUR 284 million was expected, so it is well above expectations.
Hawaiian Kanpachi mariculture is gaining a reputation in the restaurants
The ASC held a meeting this month at Bamboo Sushi NW to promote sustainable farming. The Hawaiian Kanpachi was one of the protagonists.
David Märkl-Bilger the new CEO of Water-proved
David Märkl-Bilger has over 15 years of experience in the aquaculture industry and is now the new managing partner and CEO of the German aquaculture systems developer Water-proved.
Camanchaca is “very satisfied” with the company’s results
The annual report announced revenues of US$ 723 million - 13% higher than in 2021 - and a consolidated EBITDA of US$ 124 million - up 17% compared to 6% in the previous year. These more than positive results show the company's progress.
Norway did it again: seafood export value up 22% in Q1 2023
However, the Norwegian Seafood Council warns that behind the numbers, the picture is not as so positive. Export value rises, but the volume of key species such as salmon and cod falls.
Hot stories
U.S. Senate to reconsider AQUAA offshore aquaculture bill
Senators from Mississippi and Hawaii join forces in bringing the bipartisan Advancing the Quality and Understanding of American Aquaculture (AQUAA) bill before the U.S. Senate.
Antibiotic-contaminated shrimp from Asia rejected by FDA is U.S.
The U.S. Food and Drug Administration (FDA) released data on seafood line-of-entry rejections in May. Among the results, three of those rejections (2.9%) were of shrimp for reasons related to banned antibiotics.
1 million dollar agreement between Blue Star and Bloomin’ Brands for next level menus
Blue Star Foods has signed a new USD 1 million (EUR 928,16 million) supply agreement with Bloomin' Brands. Although the new contract was announced in June, it began in April and will run through the remainder of 2023.
How Ireland’s seaweed industry can catch up with EU boom
New analysis outlines the factors hindering Ireland's seaweed industry, and proposes a comprehensive strategy for future growth.
