Portugal’s Brasmar eyes more M&A, hires new execs in Spain
Portuguese processor and trader Brasmar, which is 50% owned by private equity MCH Capital, thinks its recent acquisitions will boost the company’s growth
VASEP estimates Vietnam’s marine seafood exports at $3.2bn in 2019
Vietnam's seafood exports are estimated to be up 8% over 2018, mainly thanks to increases in tuna. However, squid and octopus sales declined
Panoply of global seafood brands populate Alibaba’s Hema stores
Which of the global seafood giants have their brands in Alibaba Group's fast-growing chain of high-end grocery stores? Undercurrent News visited stores in Shanghai to find out
UK’s Falfish sees poor fishing, cephalopod prices hit bottom line
Annual sales have decreased by 7% at the Cornish seafood wholesaler, which also invested £500,000 in its pre-packaged fish line and capacity earlier this year
EU octopus prices rise slightly ahead of Christmas holidays
Octopus prices are currently supported by Christmas demand, as the new fishing season in Morocco is not expected to start until early January
Russia seizes five Japanese octopus fishing vessels
Russia alleges discrepancies between the amount of octopus landed and the records of the landings
Octopus world’s leaders come together in bid to save the species
Only about 0.01% of octopus product comes from fisheries that count as sustainable or improving; some of the world's largest importers are coming together to change this
PE-backed Spanish firm snaps up ‘significant stake’ in Mauritanian vessel owner
Alantra Partners-backed Union Martin has acquired 'a significant stake' in the Mauritanian firm SMPI, which has three freezer vessels and a 700t annual catch capacity
Philippines, South Korea form fisheries management coop
The agreement, signed on Nov. 26, will form part of a scientific, economic and trade collaboration on fisheries and aquaculture between the two countries
US distributors sold 113,000 pounds of Peruvian squid as octopus
Roy Tuccillo Sr and his son, Roy Tuccillo Jr, fooled more than 10 grocery stores for three years, making $1.1m; they now face prison terms of up to five years each