Portuguese meat firm expands into seafood with execs poached from Brasmar
Bracar -- a meat company bought by Portugal's cod and octopus processor Soguima in December 2022 -- aims to expand its product portfolio by entering the seafood market for the first time in 2023
Strong canned fish sales, horse mackerel catches lift Oceana
Canned fish sales volumes increased by 33% in the four months ended Jan. 29, mainly due to improved inventory levels, but the firm had to lift its sales prices again to offset cost hikes
Cooke in talks for majority stake in Pescanova
Canada's Cooke is negotiating to acquire a majority stake in Spain's Nueva Pescanova, according to a report from Faro de Vigo confirmed by Undercurrent sources
Namibian university looks at human toll of ‘Fishrot’ scandal
Job losses stemming from the breakdown of Samherji's relationships in Namibia have had far-reaching consequences in the port of Walvis Bay
Nissui suffers $13m impairment loss on South American fishing division
Japan's Nissui Corporation has recorded a JPY 1.8bn impairment loss for its 'struggling' South American fishery business after poor catches and soaring fuel and equipment costs
Maruha Nichiro JV plans new vessel for NZ hake, southern whiting
A New Zealand joint venture of Japan's Maruha Nichiro and Solander Seafood & Fishing is selling a factory trawler vessel that catches approximately 5.5% of the country's quota
Namibian gov’t raises $7.4m through hake quota auction
The Namibian government raised NAD 110.1 million from the sale of 12,300 metric tons of hake through an auction held on Dec. 16, 2022
Sea Harvest sees eye-watering $14m hike in fuel costs undercut results
Fuel prices and one-off costs from the purchase of MG Kailis were compounded by higher interest rates and load-shedding, while the aquaculture segment improved
Sharp drop in red shrimp sales drives Argentina’s seafood exports down 8% in 2022
Argentina's seafood exports fell by 4.8% in volume and 8.4% in value to a total of 490,357t worth $1.82bn in 2022, thanks to a notable y-o-y decrease in red shrimp sales
PE-backed Aquamar emphasizes ‘ready-to-eat seafood’ over ‘surimi’ label in new line
'Huron Capital's a builder, and so they never talk about exits. They talk about the next phase of a business. They always have an eye to the long term' -- Daryl Gormley, Aquamar