Finnish family business snaps up PRFoods subsidiary for €10m
The Hukkanen family will take over the 'deeply unprofitable' Finnish operation, merging it with assets that include the Nordics' largest smoker
Grieg secures $360m sustainability-linked debt financing
The agreement with DNB Bank and Nordea Bank provides Grieg with a NOK 750m term loan, a €75m term loan, and a NOK 1.5bn revolving credit facility
EU warns Croatia over ‘shortcomings’ at bluefin tuna ranches
The European Commission has called on Croatia to comply with EU rules to ensure an effective monitoring, control and inspection system
Salmon Evolution preparations for phase two, first smolt release on track
The land-based salmon farmer's plan to release its very first smolt in March remains on schedule and budget, with first harvests planned for later in the year
Russia’s aquaculture output hit almost 357,000t in 2021
Russia's aquaculture production increased by 8.5% year-on-year to 356,600 metric tons in 2021, with salmon accounting for 38% of the total during this period
Vietnamese shrimp prices expected to remain firm through Q1
Prices peaked in the final weeks of 2021, and though they have eased slightly in 2022, sources expect levels to now remain firm and gradually rise until the next main harvest
Grieg to deploy ‘semi-closed’ BC salmon farms despite net-pen phaseout
Grieg might see some wiggle room in the statements made by the administration of prime minister Justin Trudeau regarding the eventual ban
Trade deal could propel Ecuador’s shrimp exports to China even higher
The signing of a free trade agreement between China and Ecuador scheduled for late 2022 could bring great benefits to Ecuador's shrimp sector, including zero tariffs for its exports
Viking Aqua ramps up 33,000t land-based salmon project after RAS deep dive
Ingar Valvik, acting CEO and chief financial officer of Viking Aqua, told Undercurrent News the Norwegian company hopes to finalize key supplier contracts in March
Gigante applies to build breakwater that can cut energy usage up to 50%
The Norwegian land-based salmon operation has spotted opportunity to construct a wave damper that can also purify wastewater and generate energy