Seafood investor Bluefront launches its second fund. Existing and new investors, including one of the world's largest and most recognized investor communities, have already committed to participating.

The interest is very high. The fact that most of the largest investors in our first fund are joining fund number two is a good confirmation of the healthy and good development the first fund has had, says Simen Landmark, partner in Bluefront in a press release.

In October 2021, Bluefront closed the books of its first fund, Bluefront Capital I. This fund is now fully invested. The portfolio companies include the ozone and oxygen specialist Redox; feed analytics company Spillfree Analytics; the software player Seaqloud; Tempia, which supplies refrigeration technology solutions; the inspection and certification specialist Akvasafe AS; as well as Bio Marine, which, among other things, supplies oxygen and light systems for fish farming.

Despite ground rent tax and geopolitical unrest, the company portfolio has delivered solid growth since Bluefront became the owner.

Bluefront Capital II

Bluefront's second fund, Bluefront Capital II, has raised around half a billion kroner (U$D 45.40M  ) in the first round and is experiencing great international interest.

Norway has a new Minister of Fisheries and Oceans – just six months after the appointment of Cecilie Myrseth in the role.

Myrseth moves up to Trade and Industry as part of a number of new senior appointments which the Labour-Centre Party coalition government hopes will help restore its popularity.

She only took on the Fisheries job last October after the popular Bjørnar Skjæran was unceremoniously sacked in a major reshuffle.

Author: Robert Outram / Fish Farmer l Read the full article here

The Environmental Justice Foundation has joined 75 other organisations to urge the European Parliament to adopt regulation prohibiting products made through forced labour entering the EU market.

The International Labour Organisation’s latest report suggests a staggering US$63.9 billion in illegal profits are generated globally from forced labour exploitation per year, a crime which impacts 27.6 million people globally.

Source: Worldfishing l Read the full article here

Thanks to the FAO donation of tablets for dock inspectors

Argentina has announced a reinforcement of control and inspection in ports with a maritime coast, thanks to the support of the Food and Agriculture Organization of the United Nations (FAO) and the Undersecretary of Environment of the Nation. Thus, the National Dock Fisheries Inspectors have been provided with 80 tablets for taking and compiling information and starting in May, data loading and processing tests will begin, the Argentine government reported.

Source: Industrias Pesqueras l Read the full article here

With a productive capacity of 14 million Smolt per year, Cermaq Chile will begin the construction of the second stage of the PCC recirculation fish farm (Canal de Chacao Fish Farm).

The project, which includes cutting-edge technology in all its production phases, will allow the complete cycle of the fish to be carried out in Fresh Water, producing smolts from eye eggs, with a minimum average weight of 150 grams.

New PCC is one of Cermaq's most important projects not only locally, but also from a global point of view.

Source: Mundo Acuícola l Read the full article here

Scotland’s seafood marketing agencies and producers have once again teamed up to sell the nation’s fish and shellfish to the world

Three salmon farmers are among 17 companies exhibiting in the Scotland Pavilion at stand 2F601 at the giant Seafood Expo Global in Barcelona from tomorrow until Thursday.

Scottish Sea Farms, Loch Duart, and Wester Ross Salmon have once again booked stands at the Pavilion, and are being joined by salmon smokers, shellfish producers, and three businesses owned by Aberdeen’s International Fish Canners, as well as by marketing organisation Scottish Seafood.

Author: Gareth Moore/ fishfarmingexpert l Read the full article here

REHOVOT /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in 3D-printed meat and fish technology and cultivated cell innovation, announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

The Company had previously announced on October 31, 2023, that it was notified by Nasdaq that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), as the closing bid price of the Company's American Depositary Shares ("ADSs") had been below $1.00 for more than 30 consecutive business days.

On April 18, 2024, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days, from April 4, 2024 to April 17, 2024, the closing bid price of the ADSs was $1.00 or greater, that the Company has hence regained compliance with Listing Rule 5550(a)(2) and that the matter is now closed.

This action proposes the 2024-2026 specifications for the Mackerel, Squid, and Butterfish Fishery Management Plan as recommended by the Mid-Atlantic Fishery Management Council. Atlantic Mackerel specifications were set through a different action.

NMFS proposes the 2024-2026 specifications for the Mackerel, Squid, and Butterfish Fishery Management Plan as recommended by the Mid-Atlantic Fishery Management Council. This action proposes to set the 2024 Illex squid and 2024-2026 longfin squid specifications and reaffirms the 2024 chub mackerel and butterfish specifications. 

The implementing regulations for the Mackerel, Squid, and Butterfish Fishery Management Plan require us to publish specifications every fishing year for each of these species and to provide an opportunity for public comment. The proposed specifications are intended to establish allowable harvest levels that will prevent overfishing, consistent with the most recent scientific information.

Federal Register

Proposed Rule for the 2024-2026 Mackerel, Squid and Butterfish Fishery Manageme…

Source: NOAA Fisheries

Over the years, there has been much focus on the coexistence of offshore renewable energy and aquaculture, two rapidly growing industries that share a common resource: the ocean. Bringing these two industries together has the potential to generate economic, environmental, and social benefits, while addressing multiple challenges from food scarcity to climate change.

The same could be said for aquaculture and maritime ports. As ocean-based industries continue to expand, careful spatial planning is important to reconcile existing ocean uses and manage environmental impacts effectively. 

Author: Bonnie Waycott  / Worldfishing l Read the full article here

Multinational petfood giant Nestlé Purina has joined the Global Sustainable Seafood Initiative (GSSI) as a funding partner.

Nestlé Purina utilises a variety of fish and seafood items, sourced from around the world and is the first GSSI partner from the petfood industry to join the global partnership network.

A high proportion of the seafood ingredients in Purina’s products are seafood sidestreams - those parts of the fish remaining after fillet removal.

Source: The Fish Site l Read the full article here