US Red Lobster chain fighting for survival

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Red Lobster, the world’s largest seafood restaurant chain, is fighting off the threat of bankruptcy amid rising debts. The group, which has hundreds of restaurants across the United States, Asia and central America, has filed in a Florida court for bankruptcy protection in a bid to reduce debt and fend off collapse.

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Proximar on track despite February tank incident

Proximar Seafood has reported that biomass at its new land based salmon farm in Japan has more than doubled during the first three months of 2024. At the end of March  the Norwegian salmon company had a standing biomass of 111.9  metric tonnes at the farm, located at Oyama near Japan’s Mount Fuji, compared with…

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Proximar suffers loss after leak at Mount Fuji site

Land based salmon farmer Proximar Seafood has suffered a biomass loss following a tank breach at its Mount Fuji facility in Japan at the weekend, the company has revealed. The incident happened in one of four operational tanks at the company’s new post smolt grow out facility. Preliminary estimates suggest that 50,000 fish have been…

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Tuna sold for post pandemic record of £620,000

If you think the price of your tuna sandwich is too much, spare a thought for the buyers on Tokyo fish market earlier this week. They paid a post pandemic record 114.2 million yen – around £620,000 – for a 238 kilogram bluefish tuna at a New Year auction. It is the highest figure since…

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Proximar’s salmon reach first post-smolt grow-out stage

Proximar Seafood AS has just announced that the first batch of Atlantic salmon has been successfully transferred from the nursery department to the post smolt grow-out facility (PSG). The fish will be harvested at the company’s Oyama facility near Mount Fuji during the third quarter of 2024. Chief Operating Officer (COO) Dharma Rajeswaran said: “It…

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