First half EBIT jumps 79% but NZ’s largest seafood company is battling supply side challenges as Covid hits production and staffing levels.
The seafood supplement specialist has booked a strong start to the year with revenue jumping 242% from the same quarter in 2021.
Ministry for Primary Industries fishery officers have caught a group of five recreational fishers in East Auckland with more than 45 times the daily snapper limit. The group had 348 MORE »
A Southland company has been fined $10,400 after failing to keep a fish sales record system for seafood it was moving between its Te Anau restaurants.
SeaDragon has signed a new secured loan agreement of $500,000 with its majority shareholder, Pescado Holdings.
New Zealand King Salmon has closed its $60.1m underwritten 2.85 for 1 pro rata rights offer.
Parliament’s Primary Production Committee is calling for submissions on the Fisheries Amendment Bill.
Nominations are open for the 2022 Seafood Stars Awards, designed to recognise those who have made a significant contribution to the seafood industry.
The biotech and future food venture debuts Pāua Saucisson and secures HVN backing to validate the known benefits of NZ’s Blackfoot Pāua.
Seafood New Zealand has questioned why the government has not acted on advice that toxoplasmosis, not fishing, will likely cause the extinction of the Maui and Hector’s dolphins.
Seafood company Sanford is exiting two crayfish quotas, and considering the sale of a third to reinvest the cash into growing its salmon and mussel business, as well as its wildcatch division.
New Zealand’s fisheries and land-based primary industries are two of the most exposed sectors to climate change and the failure of firms to adapt will impact their viability, says the government’s proposed plan to deal with the issue.
New Zealand King Salmon has opened its $60.1m underwritten pro rata 2.85 for 1 rights offer – the proceeds of which will be used to deleverage its balance sheet and improve liquidity.
Hawke’s Bay iwi-owned Takitimu Seafoods has started a restructure consultation process which could see its headcount reduce from 70 workers to 25 after falling to a $6.9m loss in its 2020-21 year.
Nelson-based fishing company Sealord is proposing that 89% of known seamounts in New Zealand’s Exclusive Economic Zone be placed into conservation.
Alternative protein trends could promote a global transformation in the seafood industry, according to GFI.
The salmon farmer expects many roles to go via natural attrition, as it reduces its harvest size from 8,000 to 6,500 tonnes.
Alongside the capital raise, the company is making structural changes to its farming model, slashing costs and shedding jobs.
The company says it will make a “material announcement regarding its full year results and a potential cap raise”.
The majority of New Zealand’s fish stocks are performing well, according to Fisheries New Zealand’s latest status report.
The iwi-controlled entity makes its first foray into aquaculture as part of a jv with private equity.
New Zealand Coastal Seafoods Limited is raising $1.5m from new and existing shareholders.
New Zealand King Salmon has been granted permission to delay the release of its full year results due to Omicron taking out members of its finance team and audit provider.
Depleted scallop fisheries at Northland, Hauraki Gulf and Coromandel will close on 1 April.
Mt Cook Alpine Salmon’s quarterly auction has gone live on Catalist .
The government has entered the mussel hatchery business acquiring equity in an iwi-run venture and committing up to $6m.
Ōra King Salmon’s beautifully filmed Our Story documentary.
The current shareholders will be able to cash out of the company, currently generating nearly $40m in revenue, via the new capital platform.
Seafood producer New Zealand Coastal Seafoods has narrowed its half-yearly loss in the six months to December 2021 to $1.5m, compared with the previous $1.7m loss.
Catalano’s Seafood has listed on the Australian Stock Exchange, raising over A$5m from its initial public offering.
Talley’s says it did not direct the master of a vessel to fish in a closed area.
Amaltal Fishing Co Limited, along with the master of its fishing vessel, the Amaltal Apollo, have been found guilty of 14 charges of breaching the conditions of a high seas fishing permit.
Shrimp: a sustainable catch? From Financial Times’ Food Revolution series
The seafood industry says tariff free access into the UK is a major bonus after the government signed a free trade agreement this week.
A neat look at an excerpt from Ōra King – our Story, from Ōra King Salmon of course.
Dr David Willer writes sardines should replace salmon to keep fish stocks healthy.
From Sanford’s Our Stories series – this one profiling second skipper Tyler Materoa.
NIWA scientists have completed a first successful deep water test run in the Cook Strait of a six-metre-long autonomous vessel to help them count fish.
The director of Tuna Fishing Company Limited has been sentenced for offences under the Fisheries Act for a second time in two years.
The Environmental Defence Society wants stronger long-term protection measures to manage north-eastern scallop stocks.
Strategy refresh work continues ahead of a June announcement, as Q1 prices and volumes improve on last year.
But the company says it is seeing benefits from a renewed focus on the domestic market and a sales drive overseas.
Pressure is mounting on the government to support a global treaty to protect the oceans.
The government has cited New Zealand King Salmon’s difficulties to illustrate that the RMA needs reform.
Clean energy, land use and aquaculture have been identified as three areas of accelerating economic growth in Southland once the Tiwai Point smelter shuts down.
Public health warnings are in place for people not to collect and eat shellfish on the South Island’s West Coast because of unsafe levels of toxins.
The current backers are seeking fresh investment to bring forward plans for an Aquaculture Centre of Excellence in the deep south.
New Zealand King Salmon shares have slumped 15% after the company warned of lower earnings.
New Zealand King Salmon says warm water temperatures are leading to “higher than expected sea farm mortality” that will hit earnings by up to $5m.
The company says the broadcaster made a series of false and defamatory claims about its operations.
The government is investing nearly $2m into a $5m commercial regenerative seaweed farming pilot that aims to provide proof-of-concept for commercial scale production.
The seafood company secures new opportunities for product formerly destined for Foodstuffs, but not at the same price.
Sealord will not make Covid-19 vaccinations compulsory for New Zealand staff, seeking instead to mirror in the workplace what could reasonably be expected in a public environment.
New Zealand King Salmon and Scales have upgraded their earnings forecasts citing improving conditions and strong ingredients performance respectively.
The Ministry for Primary Industries is investing $650,000 over four years to help stamp out invasive marine pests and help the aquaculture industry.
Australia’s Woolworths Group has named Sealord one of its top suppliers for the year.
Kaikōura’s pāua fishery has re-opened after being closed for five years following the 2016 earthquakes.
A Marlborough company has been recognised for its oyster farm technology, picking up the 2021 Global Aquaculture Innovation Award at the Global Seafood Alliance Awards.
The Waiheke Island scallop, mussel, rock lobster and pāua fisheries will close for a period of two years from 1 December, says the Ministry For Primary Industries.
Mussels were the hardest hit of Sanford’s three divisions, with rebuilding profitability a priority for 2022.
A Southland fishing company has been fined $18,000 and their boat skipper $6,750 for set netting in marine protected areas, along with removing fins from sharks and discarding the bodies at sea.
Deep sea cod has been given a Māori name, Moramora, which has been added to official te reo, following an an initiative between Countdown, te reo Māori advocacy group Ōkupu, MORE »
The iwi’s seafood business sees operating profit leap 37%, offsetting a poor FY21 for honey and farming.
Sanford’s chief operating officer, Clement Chia, has resigned after seven years with the business.
New Zealand King Salmon has appointed Carol Chen to its board.
New Zealand Coastal Seafoods says a surge in quarterly revenue can be attributed to the appointment of former Bidfood general manager Peter Fletcher to chief of sales.
Māori Fisheries Trust Te Ohu Kaimoana and Moana New Zealand have appointed two new directors to the Moana New Zealand Board.
Omega fish oils refiner SeaDragon says it has signed a new secured loan agreement of up to $1.5m with its majority shareholder, Pescado Holdings.
A hearing into NZ King Salmon’s plan to develop the country’s first open-water salmon farm kicks-off today – with rivals expected to watch closely.
Foodstuffs North Island has rejected claims that the impact of its frozen fish product review would result in more space in its freezers for overseas products at the expense of New Zealand ones.
Omega fish oils refiner SeaDragon says it will no longer try to sell the stock of shareholders holding less than $1,000 worth of shares.
Views are being sought on the industry’s bill for the $68m scheme.
Food exports were strong in H1 but it’s an uneven recovery from Covid for infant formula, cherries and some seafood.
Shrimps, eggs, and Cadbury Dairy Milk are the latest products to get a plant-based overhaul by the FMCG behemoths.
Applications for the 2022 AGMARDT Leadership Scholarships are open.
Ngāi Tahu and the government have signed the Southland Regional Aquaculture Agreement.
Kaikōura’s pāua fishery, which has been closed since the November 2016 earthquakes disrupted local seabeds, is to reopen.
Seafood has “sprung back with a vengeance” helping the iwi’s operating performance, says company chair Mark Tume.
The commercial scam was responsible for almost $1m worth of black market pāua and crayfish from the Chatham Islands.
Two legacy food businesses have come to market in Auckland and Coromandel.
With demand now exceeding supply and fish sizes recovering, the salmon company signals a second half revival.
A project is under way to determine whether Aotearoa New Zealand’s long-defunct rock oyster industry can be revived.
Listed seafood company Sanford is in line for an additional $2.5m of revenue after the Ministry for Primary Industries increase the commercial catch limit for snapper in the SNA8 fishery off the North Island’s west coast.
Hoki, blue cod, hapuku and bass are among the fish species to have their catch limits reduced in new rules announced today. The changes affect 15 fish stocks around the country MORE »
Th fishing company pleaded guilty to a charge of exposing workers to risk of death or serious injury.
The former Turners & Growers executive will join the listed seafood exporter as CFO next month.
The Ministry for Primary Industries will close the east Coromandel scallop fishery for two years following a request from the Ngāti Hei Trust, which has concerns around the sustainability of stocks.
Talley’s chief executive Tony Hazlett says the company is aiming to have more than 80% of its staff vaccinated as soon as possible and it is liaising with local district health boards to organise vaccination drives on-site.
Ngāi Tahu Investment now holds a 19.9% stake in seafood company Sanford, making it the largest single shareholder in what is New Zealand’s largest seafood company.
Sanford’s share price jumped almost 25% yesterday as investors reacted to the news that Ngāi Tahu Investments was increasing its stake in New Zealand’s largest seafood company.
The iwi investor is trying to buy a chunk of the seafood company, although it says it has “no current intention” to launch a takeover.
Biosecurity New Zealand says it is strengthening its testing processes for the oyster parasite Bonamia ostreae after a review found that human error contributed to incorrectly interpreted results being reported for Foveaux Strait in March.
Kaimoana (seafood), including fish, crayfish, and mussels was the Māori authorities’ top commodities export in 2020 at $311m.
Exports of fish, crustaceans, and molluscs were up $35m or 29% in July to reach $155m, according to Stats NZ.
Takitimu Seafoods general manager Marcus D’Esposito has resigned from the company.
A Talley’s ship, the Amaltal Explorer, was confronted by Greenpeace activists protesting against bottom trawling as it headed out of port in Dunedin yesterday.
The recall of Paroa Bay brand raw oysters has been extended to include distribution to Countdown supermarkets throughout the North Island and Ocean Seafoods in Opotiki.
A burgeoning seaweed business is focused on drumming up demand for its food products before tackling the challenging issue of commercial supply in New Zealand.
Paroa Bay Oysters is recalling specific batches of Paroa Bay brand Raw Fresh and other oysters due to them being suspected in causing cases of foodborne illness.
The 2021 whitebaiting season is about to kick off with new regulations rolling out over three whitebaiting seasons following two years of public engagement.
The seafood industry has criticised environmental groups for calling on bottom trawling to be banned.
About 80 Ministry for Primary Industries fishery officers executed search warrants at eight properties in the Bay of Plenty and Hawke’s Bay to crack a black market crayfish ring.
NZ Natural Pet Food Company founders Amber Cordero and Jacqueline Taylor are among four finalists from the food sector.
New Zealand King Salmon has advised its earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to be between $8 – $10m with a stronger second half forecast.
A new Memorandum of Understanding has been described as a crucial first step towards realising the potential of aquaculture for Ngā Iwi i te Rohe o Te Waiariki.
The Ministry for Primary Industries has removed the public health warning against collecting shellfish from the Hawke Bay.
Fisheries New Zealand is inviting feedback on proposed changes to catch limits and settings for tarakihi stocks on New Zealand’s east coast.
Seafood NZ has welcomed the government’s inquiry into foreign workers but warns getting more Kiwis involved in the sector will be a challenge.
How seaweed can help the agriculture industry, green shipping and electric ferries, sea level rise, aquaculture and marine biodiversity protection are on the agenda at the New Zealand Marine Sciences Society Conference.
Former Sanford COO Greg Johansson will help conduct the inquiry.
The investor also says that its kiwifruit venture will soon start bearing fruit.
Not everyone is happy with the government’s Hauraki Gulf plan released this week and there is more work to do to ensure any changes are fair for everyone, writes Seafood New Zealand chief executive Dr Jeremy Helson.
Fisheries New Zealand is calling for feedback on proposed changes to catch limits and other settings across a range of fisheries for the new fishing year, beginning 1 October.
Nominations for the annual Seafood Stars awards comprising the young achiever, future development innovation and longstanding service awards close at the end of the month.
Fisheries management is one of eight areas of focus in the new strategy released on Tuesday morning.
A serial offender will face serious charges under the Fisheries Act after thousands of empty pāua shells were discovered at his home during a search warrant executed by MPI fishery officers.
SeaDragon has restructured its borrowings from majority shareholder Pescado securing $500k via a mandatory convertible loan note.
The government has committed $68m to fit up to 300 inshore commercial fishing vessels with on-board cameras by 2024 and will also require all catch to return to shore.
The Ministry for Primary Industries has warned the public against collecting shellfish in Hawke’s Bay due to high toxin levels detected in shellfish samples from Pania Reef.
The fisheries company expects to come in ahead of $26m full year profit guidance despite disruption at Sealord.
Forest & Bird has won a High Court legal decision confirming tarakihi catch limit decisions must put sustainability before the commercial interests of the fishing industry.
Katherine Turner is to leave the seafood company in September after three years in the role.
The Ministry for Primary Industries will present the results of its oyster testing for the Bonamia ostreae parasite in the Foveaux Strait.
Covid-19 has highlighted the dependence of parts of the fishing sector on foreign workers, says the government.
New Zealand King Salmon has updated the market with what it describes as “problematic” trading in the first half of the year and issues plaguing some of its salmon stock. MORE »
New whitebaiting rules will help preserve stocks of the delicacy, says acting conservation minister Ayesha Verrall.
Seafood company reports 15% drop in net profit at the half year as it continues to battle with Covid-19 disruption to freight and foodservice.
Industry players want today’s Budget to support them through the transition to a post-Covid environment.
The Ministry for Primary Industries is seeking feedback on a proposal to reopen the Kaikōura Marine Area to pāua fishing later this year.
The Singapore-based cultured food startup has reached out to NZ food regulators ahead of its planned product launch.
As seafood lovers head to sold-out Bluff Oyster and Food Festival, MPI widens testing for parasite found in the region.
Global demand for protein is set to drive a rapid transformation of the US$260bn aquaculture industry, says investor Aqua-Spark.
New Zealand seafood company Sanford has appointed Mark Cairns as its newest board member.
Seabirds with a larger wingspan and bills or which have larger eyes and nostrils are more likely to end up as bycatch from the fishing industry, a new study has found.
The report pushing the sustainability of the nation’s deepwater fishing industry follows a Netflix documentary on the impact of commercial fishing.
Now in its 20th year, the event will take place on Saturday 15 May at noon.
Crayfish numbers have plummeted within reserves and numbers outside reserves are likely much lower than official estimates, a new University of Auckland study shows.
The gathering shellfish is no longer permitted at east Auckland’s Cockle Bay/Tuwakamana beach.
Sealord, Sanford, and Talleys have backed the regional recruitment drive urging individuals to ‘seas the opportunity’.
The Cawthron Institute to work with Fisheries NZ and DOC on assessment.
There will be no scallops at this year’s Whitianga Scallop Festival due to a rahui on the collection of the shellfish.
New Zealand Food Safety is again warning consumers to thoroughly cook mussels before eating after two people fall sick.
A Lower Hutt man and a Napier man have each received three-year fishing bans.
Omega fish oils refiner SeaDragon has issued Pescado Holdings limited with 20 million shares for $4m of loan notes from the shareholder.
The salmon farmer posts a seven month net loss of $7m, as it changes its reporting date.
The no take zone does not affect the availability of Bluff oysters.
Three Auckland fishers have been fined $4000 plus $390 in court costs for taking cockles from closed Eastern Beach.
New catch limits have been introduced for 14 fish stocks.
A former master of a Hawke’s Bay fishing vessel has been fined for not deploying seabird protection equipment.
MPI will begin testing oysters from the Foveaux Strait after the parasite Bonamia ostreae is found in the area.
The seafood industry promises constructive engagement on some of the report’s “challenging” recommendations.
Forest and Bird has accused the inshore tarakihi fishing industry of failing to adhere to voluntary measures it promised in a 2019 tarakihi catch limit deal.
Questions are being raised about how salmon are farmed in New Zealand following an investigation of the Scottish salmon industry that revealed suffering, breaches of Scottish animal welfare law and high mortality rates.
Ngāti Hei Trust has asked the government to close parts of the eastern Coromandel coast for two years.
Goods exports were up $233m in the December quarter, driven by an increase in fish, crustaceans, and molluscs, as well as milk powder, butter and cheese, according to Stats NZ.
Lower prices and higher costs will hurt performance, says the seafood company.
Fisheries New Zealand is seeking feedback on a proposed two-year closure of the scallop fishery at Whangaroa, Northland.
Whitebait farming could soon become a reality with a $7m project garnering government support.
Consumers are being told to not eat raw mussels after two people suffered food poisoning.
Talley’s deep-water fishing division says it should not be fined for an error made by one of its staff.
Talley’s deep-water fishing division has been fined for illegal bottom trawling in a marine reserve.
Shellfish supplier Southern Clams has launched a new website to provide information on the seafood products it harvests.
Fisheries New Zealand is seeking public feedback on a proposal to close an area to pāua fishing at Akaroa.
Tasman-based SS Floats has begun a one-year research trial aimed at reducing the number of mussel floats that get lost at sea each year. The aquaculture float specialist had partnered MORE »
Increased airfreight costs, discounting and lockdowns all ate into the salmon farmer’s profit.
The fishing company, the master of its San Waitaki ship, and its first mate have been fined a total of $53k.
The comments follow a report that the Government was not opposed to commercial trout farming.
The clock is ticking on a lifeline for the seafood industry in a Covid-19 world, writes Seafood NZ CEO Dr Jeremy Helson.
The seafood firm is on a mission to rebuild profitability.
Essential workers, online adaption, home deliveries – 2020 was a year like no other, says Seafood NZ CEO Dr Jeremy Helson.
A Nelson man has been fined $13,500 for commercial fishing in Kahurangi Marine Reserve on the West Coast of the South Island.
Fisheries New Zealand has opened consultation for its latest sustainability round.
The association has started the roll out of a series of online, digital and regionally focused advertisements.
It follows new food safety guidance issued by the government.
The land and buildings are fully leased to Cold Storage Nelson.
The NZX-listed seafood company has detailed its disappointing annual results.
Talley’s deep-water fishing division is considering an appeal against its conviction for illegal bottom trawling in a marine reserve.
North Island Mussels Limited has been fined $150,000 and ordered to pay $31,000 in reparation following a 2019 incident which saw an employee’s hand crushed.
The money will help clean up the oyster beds and rebuild the farm.
The fishing company says it has suffered falling prices, slow sales and poor catches.
During the pandemic the company saw a “rapid decline” in sales.
A new policy looks at the issues, including dumping and environmental damage caused by bottom trawling.
It was announced yesterday by Jacinda Ardern that the title would be changed.
Eighteen fishermen have been confirmed to have Covid-19 at a managed isolation facility in Christchurch
A research collaboration between Sanford and Massey University has secured funding to evaluate the benefits of Greenshell Mussels in people living with osteoarthritis. This project is being funded by the MORE »
The New Zealand Government is investing $3.3m in a research project to evaluate the health benefits of consuming seaweed. AgResearch scientists will team up with researchers in Singapore to look MORE »
Over 83 million shares were distributed at $0.03c per share, according to an announcement from the Omega fish oil producer.
The party pledges support for the food sector including help to modernise the fishing industry.
This year’s Seafood Stars Awards winners have been announced, with a new category added to recognise the industry’s response to the pandemic.
New Zealand’s 2020 trout and salmon season has officially opened. The season kicked off on 1 October and Fish and Game says tens of thousands of anglers headed out on MORE »
Ocean Fisheries Limited has been fined $46,000 and ordered to pay $737,325.25 in reparations to the families of three deceased fishermen.
Sanford chief executive Volker Kuntzsch has resigned.