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IN BRIEF - AquaBounty Technologies, Inc. Announces Closing of Public Offering of Common Stock

UNITED STATES
Sunday, February 16, 2020

MAYNARD, Mass., (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (Nasdaq: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announces the closing of its previously announced underwritten public offering of an aggregate of 10,350,000 shares of common stock of the Company at a public offering price of $1.50 per share, which includes the exercise in full of the underwriters’ option to purchase an additional 1,350,000 shares of common stock to cover over-allotments. The gross proceeds to AquaBounty from the offering are approximately $15.5 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by AquaBounty.

Lake Street Capital Markets, LLC acted as the sole book-running manager for the offering.

The Company currently intends to use the net proceeds of this offering to continue construction and renovation activities of its existing facilities in Rollo Bay and Indiana, for working capital costs associated with growing its first batches of fish at its Indiana and Rollo Bay farm sites and for other general corporate purposes.


Other Media | iLasks.no: Jan Olav Langeland becomes new CEO of Salmon Group

NORWAY
Wednesday, April 01, 2020

“The Board is proud to announce Jan Olav Langeland as the new CEO of the Salmon Group. Langeland has experience from both national and international work in management, sales, marketing and branding. In addition, he has worked with business policy framework conditions at all political and administrative levels, ”Salmon Group writes in a press release.
 
Among the brands Langeland has worked with are Kavli, Synnøve Finden, Altibox and BKK. He has also been marketing manager at feed manufacturer EWOS. Today, Langeland runs the labor market company Grønneviken, a company with 140 employees.
 
- Jan Olav Langeland has a good breadth in his leadership background, which makes him fit to think holistically, and make sure that the Salmon Group continues to be updated and up front. We will help set the agenda for the industry in the future as well, says Tom Jarle Bjørkly, Chairman of the Board of Salmon Group.
 
Source: iLaks.no | Read the full article here (Norwegian)

Other Media | SalmonBusiness: 'Restaurants told us, we kept open during the First and the Second World War, but we have to close for this'

UNITED KINGDOM
Wednesday, April 01, 2020

“Our business has exploded in the last two weeks”. There are some wildly different experiences for smaller but key salmon suppliers across the country

As the coronavirus causes lockdowns and has shut down the restaurant industry indeterminately, fish suppliers that deal in salmon are each facing rapid changes to the market place.

A spokesperson from The Cornish Fish Store based in the South West of England told SalmonBusiness that “we are still dealing, still open” but that it was struggling with transport.

Not worthwhile
She said that fleets were out getting crab and wild catch – but the real issue was with Scottish salmon. “Grimsby market is closed and it’s not worthwhile for companies to come here without visiting Grimsby”.

The issue is transporting – or rather the government coronavirus rules on permitting trucks of Scottish salmon to drive all the way down to the south of the UK. “If it doesn’t change the way it is going, we may have a real issue”.

Author:Owen Evans / SalmonBusiness |  Read the full article here


Other Media | Alimarket: The canning sector guarantees supply despite the exponential growth in its demand

SPAIN
Wednesday, April 01, 2020

The Covid-19 crisis has had a special impact on the canning sector, as it is considered one of the most basic food products, especially canned tuna, sardines and mussels. In fact, according to Nielsen, its demand increased by 12% in retail in the first week of the crisis, from March 2 to 8, a percentage that has grown in recent weeks to reach 30% with peaks that have reached triple the orders made by the chains to the canneries in a normal week.
 
According to the general secretary of the National Association of Canned Food Manufacturers, Anfaco-Cecopesca, Juan Manuel Vieites, “in the first days after the state of alarm was decreed, the sales expected for months took place. However, after this initial pull, demand tends to stabilize under a stable consumption pattern ”. Despite this high level of demand, Anfaco, as well as some of the canneries consulted, coincide in guaranteeing the supply of canned food, since most companies have enough fish in stock to respond to demand in the coming months. .

Source: Alimarket Alimentacion | Read the full article here (Spanish)

Other Media | Audlindin: Brim acquires a stake in Iceland Pelagic

ICELAND
Tuesday, March 31, 2020

Brim ehf has reached an agreement on the purchase of one-third share in Iceland Pelagic ehf. by Ísfélag Vestmannaeyja and Skinney-Thinganes. The company's operating profit in 2019 was 175 million and equity at 31 December 2019 million. The parties will hold an equal stake in Iceland Pelagic ehf., But the company is a sales company that has sold most of the pelagic products in foreign markets, mainly in Eastern Europe and Africa. 

With the acquisition, Brim hf. take the step of rallying teams with more manufacturers of Icelandic pelagic products in overseas product sales. In the aftermath of considerable uncertainty regarding stocks and operating environment in general, it is important to strengthen the market position of Icelandic pelagic products in increasingly fierce competition in foreign markets. The purchase is made with normal conditions.

Source: Audlindin (Icelandic)


Other Media | Industrias Pesqueras: Argentine fishing industry, facing the risk of paralysis

ARGENTINA
Tuesday, March 31, 2020

The different organizations in the Argentine fishing sector, through the so-called Inter-Chambers of Argentina, have published a joint statement in which, in addition to expressing their concern about the COVID-19 crisis, they show their commitment to the supply of food and the continuity of fishing. However, they warn of the risk of paralysis of fishing in the country given a series of problems that ship owners are encountering and that affect daily operations from different perspectives. The organizations of the sector speak of an "imminent paralysis of the industry" and, consequently, a disruption in the normal supply of fish for both the domestic and export markets.
 
To start with, the shipowners point out that many unions representing workers have urged the sector to stop, alleging the lack of sanitary conditions. The sector reports that in recent weeks it has worked on a sanitary protocol that ensures both health conditions and the operation of ships, although there is still no agreement between employers and workers.
 
Shipowners also warn of difficulties in accessing fuel, despite the fact that the energy industry is not having problems in the supply in a normal way, in some ports, such as the case of Mar del Plata, the sector warns that companies Responsible for the transfer of fuel to the boats are not working, preventing the departure of the boats.
 
Source: Industrias Pesqueras | Read the full article here (Spanish)

Other Media | aqua.cl: Australis Seafoods increased their salmon harvests by 22.3%

CHILE
Tuesday, March 31, 2020

49.5% of the total harvests for the period came from the Magallanes region. Similarly, the volume sold increased by 18.3% compared to 2018.
 
Australis Seafoods recently presented its financial results as of December 2019. As explained by the company to the Commission for the Financial Market (CMF), during the year there was a decrease in the prices of Atlantic salmon (Salmo salar) and trout compared to the same period of the previous year. The decrease in the price per species was 3.5% for salting and 5.0% for rainbow trout (Oncorhynchus mykiss). For the coho species (Oncorhynchus kisutch), the value increased by 4.7%.
 
Finally, the consolidated FOB price was 5.71 US $ / kg WFE, versus the 5.92 US $ / kg WFE registered in the same period of 2018, which represents a decrease of 3.6%.
 
In addition, the volume harvested during 2019 increased by 22.3% compared to the previous year, where 49.5% of the total harvests for the period came from the Magallanes region. Similarly, the volume sold increased by 18.3% compared to 2018.
 
As a result, the income registered for production-related sales between January and December 2019 totaled US $ 404.0 million, which represents an increase of 14.0% compared to that registered in 2018.
 
Source: Aqua.cl | Read the full article here (Spanish)

Other Media | FishFarmer: Salmon processing row turns political

NORWAY
Tuesday, March 31, 2020

THE decision to allow Mowi and Lerøy Seafood exemption from Norwegian processing rules erupted into a political row at the weekend.

Norwegian Labour Party (AP) figure Cecilie Myrseth has called for answers from Norway’s Conservative government, while demanding that all companies are treated equally.

Last week the Food Safety Authority caused a stir within the industry when it said that because of the coronavirus crisis, Mowi and Lerøy, the country’s two largest salmon producers, could be granted an exemption from strict rules which state that fish with certain quality deficiencies must be processed in Norway before being exported.

It brought a strong protest from the trade body representing small and medium sized processors, who said they were well equipped to take on any extra work.

Myrseth, who is Labour’s fisheries spokesperson, has sent a series of questions to the new seafood minister, Odd Emil Ingebrigtsen, calling for an explanation.

She told the business website and journal E.24 that big companies should not be allowed to move work abroad when there was plenty of spare capacity at home.

Author: Vince McDonagh / Fish Farmer |  Read the full article here


Other Media | Food Manufacture: Sykes Seafood acquisition creates £269m business

UNITED KINGDOM
Tuesday, March 31, 2020

Liverpool-based Sykes Seafood has completed the acquisition of processor Klaas Puul from the Dutch Seafood Company, leading to the creation of a €300m (£269m) pan European seafood business.

Sykes’ acquisition of Klaas, one of the largest shrimp processors in Europe, strengthens its presence on the continent and bolsters its range of chilled and frozen products for retail, foodservice and manufacturing sectors

The deal included Klaas Puul’s operations in the Netherlands, Germany, Belgium, Denmark and Morocco, as well as its 3,500 employees

Author:  James Ridler/The Manufacture | Read full article here


Other Media | Kyst.no: - All my crane operators are sick, so the commander had to do the trick himself

NORWAY
Monday, March 30, 2020

Head of shipyard at Larsnes Mek. Verkstad says they have 99 per cent operation a day, although the corona crisis creates some extra work. The shipyard has recently delivered the world's first hybrid well boat "Ro Vision", while the identical sister ship "Ro Venture" is being fitted. 

When Kyst.no calls Jarle Gunnarstein, CEO of Larsnes Mek. Verkstad, tell the shipyard manager that he has been very busy as his crane operators are sick with the flu.

- They have only the usual flu, fortunately, but since they were ill, the boss had to even pull himself to the crane, because I was the only one who had the certificate. I have been driving a crane for two days, tell Gunnarstein. 

Full operation, despite difficult times

- It is no better just to have full operation during these corona times. But me manages to have full operation, almost 99 percent, so I'm proud of that.

Gunnarstein says that they have a lot of work during the day.

- Me has more boats with me working on. As long as I'm getting hold of me, I'm working full time. These employees are doing a very good job, says the shipyard manager, who points out that fortunately there are few who are coronas infestations in the municipality. 

Author: Therese Soltveit/kyst | Read full story here (Norwegian)


Other Media | Japan Maritime Daily: Concerns around the world container and cargo movement deterioration.

JAPAN
Monday, March 30, 2020

According to the Japan Maritime Center, container cargo volume from Asia to the United States (North America eastbound) in February decreased by 9% year-on-year to 1.2 million TEU, and that from January to Asia (Europe westbound) decreased by 4% to 154 10,000 TEU. Following the U.S.-China trade dispute, China's production stagnation is likely to have been affected since February. With the spread of the new coronavirus infection, declining demand on the European and American sides is likely to affect the future. North America East from 18 countries / regions in Asia.

Source:  The Japan Maritime Daily | Read full story here (Japanese subscription only)


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Apr 1, 00:00 (GMT + 9):
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