China's Joyvio Group, subsidiary of the Chinese conglomerate Legend Holdings Corporation, has put in an offer to buy 100% of shares of Chile's Australis Seafoods for a price of US$ 880 million. The acquisition is subject to compliance and must be completed no later than April 2019.
A buyover deal of Chilean salmon producer and exporter Australis by Chinese company Joyvio, subsidiary of Legend Holdings and parent of Lenovo, is close to being finalized, it was announced Tuesday.
After a lengthy debate, Washington State Legislature has passed a bill phasing out Atlantic salmon net-pen farming ban in the state waters. The approved bill would end state leases and permits for operations that grow nonnative finfish in state waters when current leases expire in 2022.
Fish farming is big business - the industry now produces about 100 million tons a year, and with salmon prices soaring, producers are turning to lasers, automation and artificial intelligence to boost production and cut costs. How do you know if farmed salmon have had enough to eat?
A Miami-located seafood company was sentenced in a Federal Court for falsely labeling salmon in December 2012 in violation of the Lacey Act, National Oceanic and Atmospheric Administration (NOAA) informed.
Some 25 million of fish -- equivalent to 39,942 tons of dead biomass -- was the final balance of the emergency caused by algae bloom in 45 farms in the salmon farms of the southern region of Chile, Los Lagos, reported SERNAPESCA, director José Miguel Burgos. A several month’s bloom of toxic algae causes ravage in south Chile salmon and trout farms.
Scotland, Canada, Chile and Norway will work together to promote and grow the aquaculture industry sustainably. The four countries are the world's main exporters of farmed salmon.
The world's largest 'salmon' -- a plane -- landed in Anchorage this week at a full 91,000 lb before an audience of hundreds of Alaska Airlines employees and seafood industry executives. Measuring nearly 129 ft, the fish-themed Boeing 737-800 is the most elaborately decorated commercial aircraft and is meant to celebrate the partnership of Alaska Airlines and the Alaska Seafood Marketing Institute (ASMI).
Aquaculture is the world's fastest-growing source of animal protein and currently provides nearly half of all fish consumed globally, according to a report published here by FAO.
La Polar, Chile’s fourth largest retail chain is in deep water. Company stock has fallen 80% in the last two weeks and the entire board of directors has offered to resign.