Whitefish stability in Q1 means bright start to 2024 for Iceland Seafood
As in 2023, soaring salmon spot prices meant a loss on that business, but if 'the forecasts for salmon prices are met, prices should decrease in the third quarter'
Sykes, Klaas Puul parent passes $400m turnover in ‘challenging’ year
The acquisitive parent company of Sykes and Klaas Puul saw turnover rocket in its latest financial year, but its pre-tax profit took a hit from one-offs
US shrimp imports a little better than flat in first quarter
Shrimp prices continue to descend in the US, but volumes are keeping pace and even rising a little, based on the latest seafood trade data published by the National Oceanic and Atmospheric Administration
Pereira charts expansion beyond Spain with new squid fishing vessel, facility upgrades
The company plans investments in both infrastructure and fleet to push for 'greater operational efficiency, expanded market reach, and enhanced product offerings'
Illex squid, hake led Argentina seafood export volume’s 14% increase in Q1
Argentina's fisheries sector exported a total of 129,131 metric tons of seafood worldwide worth $471m during the first quarter of 2024, in part thanks to a notable year-on-year increase in illex squid sales
US picks up pace on shrimp imports in advance of new tariffs
The US imported 12% more shrimp in February 2024 and paid 6% more for it year-on-year
US lender sues Altamar for $16m over missing payments
City National Bank of Florida alleges that Altamar Foods, in Fort Lauderdale, Florida, stopped making loan payments in October 2023
Marubeni’s domestic trader ready to forge an export path, promote land-based salmon
After merging the global seafood trading business from Japanese conglomerate Marubeni on April 1, the new company 'will steadily strike out on its own,' said Benirei CEO Masayuki Yano
Argentine wild red shrimp prices on rise amid low stocks in Spain, high Easter demand
Recent developments in the Argentine fishing industry may further exacerbate this situation with the closure of the provincial fishing season in Chubut on March 18
Tradex advises alternative shrimp sources as buffer to unstable red supply
After record catches in December 2023 and January 2024, February 2024 saw record lows. Landings fell to 4,400 metric tons, well below the 16,251t landed in February 2023