UK’s NH Case reports profit recovery despite revenue drop
The UK-based frozen seafood processor and wholesaler saw its gross profit increase from £8.9m to £10.3m, with operating profits reaching £176,127, recovering from a loss of £144,615 in the previous year
Dutch land-based yellowtail farmer Kingfish announces €14m private placement
Yellowtail kingfish producer Kingfish Company said it has secured a fully underwritten €14m private placement to support its expansion
Norwegian, Chilean salmon suppliers see strong gains in Chinese market
Wholesale salmon prices surged across major Chinese markets during Christmas week -- Dec. 23-29, driven by tight supply and strong seasonal demand, with some varieties reaching new highs for recent months
Editor’s choice: Maersk to cancel Alaska service; Canadian snow crab processors, union agree final prices
Deputy EMEA editor Dan Gibson brings you a roundup of the main stories from the previous week
Russian H&G pollock price fall continues ahead of early Chinese New Year
Prices for frozen H&G Russian pollock in the 25cm-plus size fell sharply in week 51, following the typical seasonal pattern
Former American Seafoods investor Coastal Villages involved in Gustafsson’s bid for pollock giant
Alaskan CDQ group Coastal Villages Regional Fund is involved in former American Seafoods CEO Einar Gustafsson's bid for the at-sea pollock and Pacific hake processing giant
After delays, California Dungy crab season to open Jan. 5, 2025
'Delays are difficult, and fisheries management is becoming increasingly complex' -- Lisa Damrosch, Pacific Coast Federation of Fishermen’s Associations
Fisheries minister survives Canadian cabinet shuffle
Trudeau announced eight new cabinet ministers Friday and changed the roles of four others in a cabinet shuffle that comes as the prime minister's political future is in question
ASMI receives additional $8.5m in gov’t funding to pitch Alaska seafood abroad
'The timing of the new federal funds is well-aligned with the Alaska seafood industry's needs to combat numerous global economic pressures' -- Jeremy Woodrow, Alaska Seafood Marketing Institute (ASMI)
US aquaculture sales grew 38% to $1.57bn in latest census
Explosive gains in mollusk and crustacean shored up sales, while catfish remained the US aquaculture industry's most lucrative species in 2023