EMEA editor Neil Ramsden brings you a roundup of the main stories from the previous week.
The most-read story of last week was the news that American Mariculture (AMI), the US' biggest breeder of shrimp, has filed for Chapter 11 bankruptcy protection. The Florida-based company submitted its request on Jan. 8, owing between $10 million and $50m, according to its filing. At the same time, Robin Pearl has been reinstated as CEO.
Staying in the US, and abundance-based restrictions on halibut bycatch for the non-pollock trawl fleet are the law of the land. That's following an appeal deadline that expired on Jan. 7 to continue an unsuccessful legal challenge brought by the Amendment 80 industry group objecting to hard caps in the Gulf of Alaska and Bering Sea.
Land-based salmon grower AquaBounty Technologies is divesting itself of its new, used and uninstalled equipment in an online auction being held in early February by New Mill Capital, a nationwide, privately held asset disposition and acquisition firm.
Fisheries biologists in the US state of Alaska project the fourth-largest biomass for Togiak herring in more than 30 years, but that's likely not enough to lure processors for a commercial harvest.
And in a scoop late last week, Undercurrent News revealed aquaculture sector veteran Cameron Maclean has resigned from the Indonesian aquaculture tech firm eFishery, which is in the middle of a financial fraud investigation. Interim CEO Adhy Wibisono has also reportedly stepped down as allegations surface his predecessor and the company's founder, Gibran Huzaifah, was cooking the company's books for as long as six years.
I'd also like to draw your attention to our brand new podcast, Catch the Current, which will launch at the National Fisheries Institute's Global Seafood Market Conference this week in Palm Springs, California. Find out more here.
For the rest of last week's most-read stories, click the headlines below:
- P&P-backed French tuna firm sells three purse seiners to Oman
- Supplies tight, prices high as US Dungy crab season underway in Oregon, Washington
- Trump executive order to halt US offshore wind already in works
- UAE group confirms acquisition of Avramar's Greek bass, bream assets
- Dubai's Asmak sees strong North American demand for re-processing ahead of likely Trump tariffs on China
- Tuna prices down slightly in Bangkok, Manta as EU loin imports surge
- Week 3 farm-gate shrimp roundup: Chinese market weakness persists despite Lunar New Year approach
- Japan's salmon farming industry to double output to over 50,000t by 2027
- Chinese salmon wholesale prices correct down in week 3
- Is Brazil ready to join the global shrimp superpowers?
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