Chris Chase is the Portland, Maine-based associate editor of SeafoodSource. Previously, he worked covering local issues at the Coastal Journal in Bath, Maine, where he won multiple awards from the Maine Press Association for his news coverage and food reviews. Chris is a graduate of the University of Maine, and got his start in writing by serving as a reporter and later the State Editor of The Maine Campus, an award-winning campus newspaper.
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Norwegian salmon-farming company Masoval posted higher sales revenue and earnings in Q2 2024 despite lower harvests, in part thanks to securing higher average prices year over year amid high volatility.
The salmon farmer recorded revenue of NOK 934 million (USD 89.3 million, EUR 79.8 million) in Q2 2024, up from the NOK 804 million (USD 76.8 million, EUR 68.7 million) it posted in Q2 2023. That increase came even as its harvests dropped
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New Zealand’s National Institute of Water and Atmospheric Research (NIWA) has opened a land-based kingfish farm, calling it the first of its kind in the country.
The new kingfish farm is located in Ruakaka Northland and can produce up to 600 metric tons (MT) of kingfish each year, according to NIWA. The farm uses a land-based recirculating aquaculture system (RAS) to produce the fish and is the product of a joint venture between NIWA
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Oslo, Norway-based aquaculture firm AquaCon has acquired a separate property in pursuit of its goal to build an Atlantic salmon recirculating aquaculture system (RAS) in the U.S.
The company originally planned to build multiple salmon RAS sites in the U.S., including a 1.2-million-square-foot aquaculture facility in Cambridge, Maryland, U.S.A., and received investments from prominent aquaculture companies to do so. The company later pulled out
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Norwegian cod-farming company Norcod reported increased revenues and lower operating losses in Q2 2024.
The company posted NOK 86 million (USD 8.2 million, EUR 7.3 million) in revenue in the quarter, up 121 percent from the NOK 39 million (USD 3.7 million, EUR 3.3 million) it posted in Q2 2023. The revenue came as the company harvested 1,830 metric tons (MT) of whole fish equivalent (WFE) cod in the quarter, up 76 percent from the 1,038 MT it
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