$14bn investor with Bregal connection is favorite to buy American Seafoods
A US investment giant is being tipped as the frontrunner to acquire at-sea pollock processing giant American Seafoods, with a former executive of ASG's backer Bregal leading the bid
Illex squid woes lead to 2% decrease in Argentina’s 2023 seafood exports
Argentina's seafood exports fell by 2.1% in volume and 3.8% in value to a total of 480,011t worth $1.75bn in 2023, thanks to a notable y-o-y decrease in hake and illex squid sales
Sea Harvest announces plan to buyout Terrasan’s seafood ops in $50m deal
The South African hake harvesting group will acquire 100% of Terrasan's pelagic operation West Point Fishing, and 63% of its abalone division, Aqunion
Notable slump in red shrimp sales offset Argentina hake, illex squid export rise
Argentina's fisheries saw red shrimp exports dropping by 36.3% in volume and 34.9% in value year-on-year to 7,192t worth $44.9m in November
Chile sees dropping salmon, trout, fishmeal export value in November
Chilean seafood exports totaled $709 million in November, marking a decline of 14.4% year-on-year mainly due to a drop in the sales value of salmon and trout, fishmeal and crabs
Strong overseas sales offset slow domestic demand for Spain’s Pereira
'We managed to diversify our sales further, with over 55% now of them going outside Spain and mitigating the impact of fluctuations in the domestic market'
Red shrimp, squid sales lead Argentina’s seafood export growth
Argentina saw its shrimp and squid exports increase year-on-year in October to 19,970t worth $120.2m and 3,640t worth $9.2m
Inflation spurs Peru seafood landings value up in Q3 despite notable drop in caught volumes
Peru saw its wild-caught seafood landings decrease year-on-year to 497,200 metric tons worth PEN 628.6 million in Q3, down by 32% in volume but up 2% in value
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