Spain’s Nueva Pescanova initiates restructuring ‘for a stronger future’
In a bid to 'navigate challenging times and fortify its corporate services,' the Spanish firm has gone through a restructuring process over the past few months
Oceana sees profits soar thanks to high fishmeal, oil prices, Lucky Star sales growth
The South African fishing and processing firm saw a strong financial performance for the second half of its financial year -- which ended on Sept. 30, 2023 -- with earnings surging
Outlaw Ocean video details dark links between China squid player, EU, US buyers
Chishan Group -- China's largest private player in the squid industry -- was linked to illegal fishing in North Korean waters and the fleet dropping off dead crew in Montevideo on a regular basis
Conxemar applauds new ATQs ‘meeting industry demands’
Spanish industry association Conxemar is pleased that new EU ATQs incorporate its proposed changes and ensures the 'competitiveness of the frozen seafood processing industry'
PE-backed Spanish cephalopod specialist targets export growth
Spain-based retail supplier Union Martin and processor Silomar are working on boosting their reach in cephalopods following the latter's acquisition by Alantra Private Equity
China’s squid catches rise but uncertainties cloud exports, domestic market
China's overseas squid fishing and imports rose to record highs this year while exports declined, according to Beijing-based frozen seafood trading platform Huacai Zhaoyu
Turkish shipyard to build new vessel for NZ’s Aurora Fisheries
Tersan shipyard has won a contract to build a new vessel to be operated in New Zealand waters by Aurora Fisheries, part of the Solander Group
Acquisitive WOFCO ups profits even as it waits for expansion plans to kick off
Despite facing the same tough market as the rest of the seafood sector, WOFCO has reported an increase in sales and profits in H1 2023
Argentinean illex squid prices still elevated in China
Prices for imported Argentine shortfin squid have remained elevated in China this week, according to data compiled by Huacai Zhaoyu available on the Undercurrent News price dashboard
Sanford’s improved H2 salmon, mussel profits offset weak squid season
Despite a 23% y-o-y EBIT improvement, Sanford's annual earnings remain 24% lower than pre-COVID performance, however