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Nissui agrees on share acquisition in Seafarms Group

Thursday, May 24, 2018, 03:10 (GMT + 9)

Japanese seafood giant Nippon Suisan Kaisha, Ltd. (Nissui) has entered into an agreement with shrimp farmer Seafarms Group Ltd. (SFG) to acquire 14.99 per cent of its outstanding issued share for AUD 25 million. Nissui pointed out its decision to proceed with its investment in SFG was taken when it was satisfied that SFG's proposed new large-scale prawn farming project in Northern Territory of Australia, known as Project Sea Dragon (PSD), would obtain the necessary government approvals for the development. It is also of strategic significance for Nissui to secure a differentiated farmed prawn business base and products. For his part, Seafarms chairman Ian Trahar has described the deal as a “company-making agreement”. “Seafarms’ offtake arrangements with Nissui will provide SFG with access to Nissui’s well established high-quality seafood di... FULL STORY

Fisheries authority rejects salmon farming plan on 'world's largest ship'
May 23, 23:10
Norway’s Directorate of Fisheries has rejected a firm's application for 45 salmon farming deve... FULL STORY
Ecuador and Belarus to strengthen commercial relations
May 23, 00:50
Ecuador and Belarus have committed to strengthen their economic, commercial and also in the area of ??science,... FULL STORY
Cooke Aquaculture to create jobs with New Brunswick Govt’s support
May 22, 23:40
Cooke Aquaculture expects to create up to 100 new jobs in New Brunswick (NB) over the next five years wit... FULL STORY
SERNAPESCA agrees to favour data exchange with US FDA
May 22, 22:20
The National Fisheries and Aquaculture Service (SERNAPESCA) and the Latin American Office of the Food and Drug... FULL STORY

French Polynesia
Chinese firm cuts planned investment to set up fish farm in Hao
May 24, 02:50
Chinese company Tahiti Nui Ocean Foods will go ahead with its plans to set up a fish farm on Hao atoll after getting authorization from the Frenc... FULL STORY

New Zealand
Sanford obtains strong result in first half
May 24, 01:50
Sanford Limited obtained increased revenue year on year by 18.4 per cent for the first half of its financial year, to NZD 272.8 million (USD 189.5 mil... FULL STORY

United States
Washington Govt denies Cooke’s permission to move Atlantic salmon
May 24, 01:30
The Washington Department of Fish and Wildlife (WDFW) has denied permission for Cooke Aquaculture to transport 800,000 juvenile Atlantic salmon from i... FULL STORY
May 22, 21:50 (GMT + 9):
Molecule could combat fish-killing disease
May 22, 02:10 (GMT + 9):
First sea bream project harvest begins
United Kingdom
May 22, 01:00 (GMT + 9):
IFFO RS seeks to improve its standard
United Kingdom
May 19, 01:00 (GMT + 9):
Seafish devises tool for aquaculture product buyers
May 18, 03:00 (GMT + 9):
Danish firm signs contract to set up trout land-based plant in South Africa
May 18, 01:20 (GMT + 9):
Tassal and Petuna create joint venture to improve marine farm biosecurity
May 17, 22:20 (GMT + 9):
AquaChile increases profit 37pct in first quarter
United States
May 17, 02:30 (GMT + 9):
Calysta partners Nofima for new aquaculture protein trial
European Union
May 17, 00:20 (GMT + 9):
Fisheries Committee agrees to request a single legislation for aquaculture sector
May 16, 23:00 (GMT + 9):
AKVA agrees on acquisition of Egersund Net
May 16, 21:40 (GMT + 9):
Salmon price status at week 19
May 16, 02:20 (GMT + 9):
Salmones Camanchaca increases profit by 143pct in first quarter

Tuna plant restarts operations thanks to Chinese funding
Vanuatu A tuna fish processing plant, located on the outskirts of Port Vila, which has been inactive for over a decade, is to restart production thanks to the USD 9.01 million dollar funding from a Chinese company.
Lobster exporters fear China's retaliation for tariff implementation
United States A group of American seafood exporters are urging federal authorities not to put a tariff on Chinese products for fear of retaliation against US exports.
New MSC standard for seaweed presented
Chile An induction to the Marine Stewardship Council standard in seaweed was carried out in dependencies of Chinquihue Foundation, in Puerto Montt, at the request of the Undersecretariat of Fisheries and Aquaculture.
MSC deems Mexico is Latin America leader in fisheries sustainability
Mexico The work carried out by Mexico in terms of sustainability for more than 10 years has been reflected in the fact that some of its fisheries, in terms of volume, are certified as sustainable by the Marine Stewardship Council.
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