Argentinian surimi supplier Estremar plans factory trawler upgrade
Estremar Argentina's Centurion del Atlantico will undergo a refit project, installing a new propulsion system and a surimi factory in Norway later this year
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
NZ’s Sealord pushes through higher prices as 2022 profit dives 92%
New Zealand's Sealord is pushing through higher prices to deal with the inflation that saw its pre-tax profit dive 92% to NZD 3.63m in the 12 months to Sept. 30
Sanford’s rock lobster quota sale, deepwater fishing lift full-year earnings
New Zealand's largest seafood company saw sales revenue increase to NZD 531.9m in the 12 months to the end of September, while net profit after tax increased by 244% to NZD 55.8m
Nowaco acquires Uruguay’s largest fishing firm
'As co-owner of a fishing company, with direct access to raw materials, we are moving deeper into the value chain and becoming an even stronger business partner'
Sanford sees first-half boost from rising hoki demand
New Zealand's Sanford reported a boost in adjusted earnings in the first half, with the profit from the company's wild-catch division up 108% year-on-year
New Zealand Coastal agrees raw material contract with Talley’s
Talley's will supply NZCS with ling maw, green-lipped mussel meat and hoki skin, equivalent to 50% of byproduct manufacturer's total annual production
Sealord braces for tough 2021 after bucking pandemic with sales, profit rise
The CEO of New Zealand's Sealord Group expects 2021 to be a tough year as COVID-19 further impacts markets after the company reported strong results for its latest financial year
New Zealand’s Sanford to focus on selling down inventories built during COVID
New Zealand’s largest seafood company, Sanford, is looking to sell down inventories after fish and mussels it holds in cold storage almost doubled in value
Groundfish Forum forecasts 4.3% lift in global whitefish supply for 2021
Forecasts from the Groundfish Forum project global whitefish catches will rise by 4.3% to 7.569 million metric tons in 2021