Markets Analysis

    Skjæran, the Norwegian Fisheries Minister, wants sustainable and fish-awareness industry

    According to Norwegian Minister of Fisheries and Ocean Policy, Bjørnar Selnes Skjæran, Norway’s seafood industry has been a record export in 2022 but must incorporate technology, new methods, and species to maintain and reach new markets.

    Bluefront Equity invests in progress, invest in Spillfree

    Seafood investor Bluefront Equity is doubling its efforts to digitize the seafood sector by investing in aquatech company Spillfree Analytics AS, which helps fish farmers analyze and upgrade feeding processes and growth potential.

    Alltech and Finnforel acquire Raisio’s aquafeed plant

    The feed producer Alltech and fish Farmer Finnforel have acquired Raisio’s aquafeed business, including a fish-feed production facility in Raisio, Finland, for EUR 7 million (USD 7.5 million). The joint venture partners claim that the acquisition will complement Finnforel's circular economy sustainable fish farming chain, as well as improve aquaculture producers' access to Alltech's nutritional technologies.

    AquaBounty increased 167% in Q4 and wants more for future quarters

    The innovative land-based farms AquaBounty has close their fourth quart with positive highlights and expects to continue developing their business and expanding their commercial activities.

    Possible lobster sizes limitations in Maine to protect juveniles

    The Atlantic States Marine Fisheries Commission is studying to put tighter rules on the sizes of lobster fisheries in Maine (U.S.). Initial statements of the Commission claim a troubling decline in young lobster, while fishermen question it.

    The industrial investment Sole Source Capital acquires Lee Fish USA

    Sole Source Capital LLC (SCC), a private equity firm focused on industrial investments, has acquired Lee Fish USA, a company specializing in the import and distribution of fresh and frozen seafood. This is Sole Source's 40th deal since its foundation in 2016 and is the third investment in the food service distribution sector. The terms of the deal have not yet been published.

    US seafood sales fell by nearly 4% in 2022, says consumer report

    Inflation and higher seafood prices meant US shoppers looked for cheaper protein alternatives, according to the FMI.

    Fake label? Conagra and Bumble Bee made into defendants by their consumers

    Conagra and Bumble Bee are facing class action lawsuits against consumers over the Marine Stewardship Council (MSC) sustainable labeling on their products. The appeal, which has been filed separately in federal courts in Illinois and California, seeks damages of about $5 million (€4.7 million).

    Visscher Seafood acquires salmon exporter NRS, the sales arm of SalMar

    The Dutch importer and processor, Visscher Seafood, has a trading activity’s deal with the Norwegian arm of SalMar, Norway Royal Salmon (NRS). Full details are not yet available.

    Egypt and Andhara (India) in search of an aquaculture model for the African region

    The Arab Republic of Egypt and Andhra Pradesh (an Indian region) want to join forces in many topics such as pharma, drones, and commodities, but to develop aquaculture.

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