Kingfish Co’s Dutch expansion needs €25m more CAPEX
The company has revised the total estimated CAPEX needed for the remaining work left at its expansion in the Netherlands from some €62m to approximately €87m
Kingfish Co warns Netherlands, US expansions face ‘significant extra costs’, delays
But its Dutch operation was cash-positive for the first time during the first half of 2022, thanks to sales prices that were up 14% year-on-year
With costs improving even as feed prices rise, Clean Seas turns profit a year early
'Achieving significant revenue growth and converting excess inventory into cash has delivered positive operating cash flow a year earlier than expected,' said the firm's CEO
Newly vertically integrated Hawaii ‘kanpachi’ farmer to ramp up output
By buying the assets of its longtime processor and Hawaiian distributor Kona Cold Lobsters, yellowtail farmer Blue Ocean Mariculture hopes to reap the benefits of vertical integration
Kingfish Company becomes first EU fish farmer to trial GSA’s antibiotic-free standard
The Dutch land-based yellowtail farmer conducted a pilot test of the new 'Raised Without Antibiotics' standard developed by the Global Seafood Alliance
Maine voters overwhelmingly reject moratorium that would have put Kingfish RAS project on hold
Jonesport, Maine voters killed the moratorium with a 201-91 vote during a town meeting on Wednesday
Kingfish’s Maine RAS farm clears first hurdle, faces big moratorium vote
Kingfish, which originally estimated the project's cost as $110m, has faced substantial opposition since it first submitted plans for review in November 2019
Kingfish doubles sales value, goes EBIT positive in Q2
The land-based farmer's Dutch facility is now year-to-date earnings positive at the halfway point of 2022, described by the company as 'an important milestone'
Kingfish’s Maine RAS farm’s future could hinge on two critical votes
'I think it's 50/50' -- a Jonesport, Maine town official on a critical vote regarding a proposed 180-day aquaculture moratorium
Ingalls follows Lott from Pacifico to Forever Oceans
Christa Ingalls joined Forever Oceans as its director of sales last month. She followed Guy Lott, who was hired in April as the company's new vice president of global sales in April