Nissui-backed giant Australian shrimp farm deemed unviable, put on hold
A project review by executives that took over in 2021 has concluded that while Seafarms remains committed to delivering on the promise of 'Sea Dragon', it is not viable at present
BioMar commissions new algal oil facility in Australia
BioMar Australia has commissioned a new algal oil facility at its factory in northwest Tasmania to produce AlgalPrimeDHA, developed with partner Corbion
Pacific bluefin quota increase ‘too hasty’, says environmental media
China Dialogue said that with 'little information' on the accuracy of Japanese logbooks substantial increases in quotas are 'unwise'
Editor’s choice: Viciunai on the defensive; Canada crab price talks tricky
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
Maruha Nichiro-backed Austral buys Brisbane’s Moreton Bay Seafoods
Adding Moreton Bay's catch to Austral Fisheries' will increase overall processing volumes at the former's Brisbane facility, which is strategically located on Australia's east coast
NZ Coastal aims to raise $1m through share placement
The company said it would use the funds to bolster its balance sheet and increase its available working capital after suffering losses throughout 2021
Aussie fishermen to get $18m support after quota cuts
Seafood Industry Australia welcomed the support after deep cuts in quotas for four by-catch species; silver trevally, John Dory, redfish and jackass morwong
Editor’s choice: US crab importers hit by Russian seafood ban; Walmart supplier plans $130m India tilapia project
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
Tassal’s shrimp farms still on for growth in current year
The Australian farm had shifted away from a plan of 'rapid extension' earlier in the year, but output should still surpass 5,300t in the 2022 financial year
New Zealand gov’t to invest in mussel spat hatchery
New Zealand's government is partnering with the community to help develop a mussel spat hatchery in the Bay of Plenty, in Te Moana-a-Toi, on the northern coast of the North Island