Argentina’s seafood exports dive in June as illex squid, hake sales slump
Argentina's fisheries sector exported 33,644t of seafood worldwide worth $124.1m in June, down 31% in volume and 15% in value y-o-y
Iberconsa faces serious debt refinancing challenges amidst inflation, weak fish sales
The Spanish firm, owned by US-based fund Platinum since 2019, needs to refinance debt of around €400m in the short term
Sharp drop in Argentina’s illex squid sales in May offsets rise in hake, shrimp exports
Argentina's seafood exports fell by 6.2% in volume but rise 14.6% in value to a total of 36,081t worth $132.6m in May
Cooke puts deal talks for Spain’s Pescanova ‘on hold,’ team returns to Canada
Senior executives at Nueva Pescanova were informed on Friday the deal talks are 'on hold' and "might" restart in September, sources told Undercurrent News
US shrimp import freefall continues with no apparent stop for months
The US imported 62,401t of shrimp worth $523.6m in May 2023, 17% less volume and 12% less value than in May 2022, marking the 11th straight month of year-on-year declines
Low vannamei prices, weak demand slow Argentinian shrimp sales
The Argentinian shrimp market is facing a challenging situation due to hyperinflation increasing costs and weak demand putting downward pressure on prices
Argentine fishing industry mourns Italy-born veteran Federico Contessi
Argentina's fishing industry is saddened by the passing of Federico Contessi, the founder of the Federico Contessi naval shipyard and a symbol of the Argentine naval and fishing industry
Report: Cooke slashes Pescanova offer after finding holes in accounts
Canada's Cooke has reportedly dramatically reduced its offer for Nueva Pescanova after due diligence has uncovered lower earnings than reported and other financial issues
US shrimp pricing pop expected after 10th straight month of import declines
'The shrimp markets are poised to 'pop' up by 10-20% or more before year's end. Don't get too comfortable with today's flat and lackluster market' -- Donelson Berger, Sea Lion
Argentina’s seafood exports halve in April as hake, squid sales slump
Argentina saw its seafood exports drop in April 2023 to 23,320t worth $96.6m, down 52% and 37%, respectively, year-on-year