Posts Tagged ‘North America’
AquaBounty sees increased revenue – and losses – for Q4
Land-based salmon farmer AquaBounty Technologies has reported a year-on-year revenue increase of 23% for the last quarter of 2023, but the period also saw losses growing. AquaBounty has developed a genetically modified (GM) strain of salmon, aimed at faster growth and suitability for farming in RAS (recirculating aquaculture systems) facilities. For Q4, the company recorded…
Read MoreUS $20.75m cash injection for Poseidon Ocean Systems
Poseidon Ocean Systems, the Canadian company behind the Trident sea cage system, has completed a US $20.75m (£16.3m) capital raising exercise. The Series B funding round was led by Ecosystem Integrity Fund (EIF) and joined by InBC Investment Corp., along with additional investment support from one of Poseidon’s existing shareholders, Export Development Canada. Poseidon said…
Read MoreBakkafrost’s ‘salmon air service’ makes first flight
Bakkafrost CEO Regin Jacobsen has hailed the first flight of salmon on its FarCargo Boeing 757 as a new chapter in Faroe Islands trade history. The aircraft departed from the Faroes with a consignment of premium fresh salmon, landing at Newark Liberty International Airport, New Jersey, for the first time. Jacobsen said: “The aim is…
Read MoreCooke gives up legal fight over trout farm closures
Cooke Seafood has abandoned plans to win back leases at its two Washington state steelhead trout farms in the US, blaming delays by the state’s administration which it says make the case futile. The group’s subsidiary, Aquaculture Pacific, has filed a motion with the Superior Court of the State of Washington to dismiss its appeal…
Read MoreCooke Seafood appoints Jack Crouch to key subsidiary
The Cooke seafood and aquaculture group has appointed senior seafood professional Jack Crouch as national sales manager of its subsidiary business, the Wanchese Fish Company. He brings more than a decade of experience in seafood processing, distribution, and supply chain. The Wanchese Fish Company, headquartered in Virginia, USA, is part of the Cooke family of…
Read MoreCanadian seafood giant invests in cod farmer
High Liner Foods, one of North America’s leading seafood companies, has bought a stake in the Norwegian cod farmer, Norcod. The move is an interesting one, because the big Canadian company has not previously been directly involved with aquaculture. High Liner is mainly a marketer and a processor of value-added frozen seafood, with several retail…
Read MoreAtlantic Sapphire raises a further £27m for Florida site
Florida-based land salmon company Atlantic Sapphire raised around NOK 369m (£27.5m) in a new share issue in Oslo, where the company is listed, last night. The issue at NOK 1.20 per share was fully subscribed with its largest shareholder Nordlaks Holdings of Norway buying shares worth NOK 52m (£3.8m). The extra money will be used…
Read MoreProcessing software business Maritech acquired by US firm
Seafood processing and logistics software business Maritech has been snapped up by US high-tech group CAI Software. Maritech is a leading cloud-based ERP (enterprise resource planning) provider for the seafood and logistics industries across the European and North American markets. Founded in Norway, Maritech has an expansive, blue-chip customer bases in the seafood industry, offering…
Read MoreGrieg Q4 rocked by spiro, jellyfish and winter sores
Grieg Seafood is the latest Norwegian salmon farmer to report biological and jellyfish issues during the final quarter of 2023. The company, which was big in Scotland until three years ago, but now concentrates on Norway and Canada, recorded an operational (EBIT) loss of NOK 67 million (around £5m) against an operational profit of NOK…
Read MoreNova Scotia premier opposes Cooke expansion plan
A potential dispute is looming between the aquaculture giant Cooke Seafood and the leader of the Nova Scotia regional government in Canada. Nova Scotia prime minister Tim Houston has come out against Cooke’s proposal to expand its salmon farm in Liverpool Bay through its Canadian aquaculture operation, trading as Kelly Cove Salmon Ltd. There has…
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