Core Insights - THORPESCA S.A.S., a new Argentinian subsidiary of Iceland Seafood Ibérica, has signed an offer letter to acquire two freezer fishing vessels for a total price of USD 5.8 million [1] Company Operations - Iceland Seafood Ibérica operates in Argentina through its subsidiary Achernar, which specializes in land-frozen Argentine Red Shrimp and has undergone significant modernization since its acquisition in 2017 [2] - Achernar is one of the few companies certified by the Marine Stewardship Council (MSC) for sustainable sourcing of Rawson shrimp [2] Strategic Importance of the Acquisition - The acquisition of the two vessels aligns with Iceland Seafood Ibérica's long-term strategic goals, focusing on strengthening operations in Argentina and expanding sales capabilities [3] - Ownership of the trawlers allows for direct control over raw material sourcing and enhances vertical integration in the wild shrimp value chain [4] - This move is expected to enhance supply chain resilience and open new avenues for selling higher-value, sea-frozen shrimp [4] Strategic Roadmap - The acquisition is part of Iceland Seafood International's strategic roadmap approved in 2024, which emphasizes targeted investments in Argentina to strengthen the group's regional footprint [5] - This acquisition is a significant step in enhancing Iceland Seafood Ibérica's operational capabilities and competitive position in the global shrimp market [5]

Core Viewpoint - Iceland Seafood Ibérica has signed a purchase agreement to acquire two fishing trawlers, ENTRENA UNO and ENTRENA DOS, for a total price of $5.8 million, which supports its long-term strategy in Argentina and enhances its shrimp supply capabilities [1][3][5] Group 1: Company Strategy - The acquisition of the two trawlers is part of Iceland Seafood Ibérica's strategy to strengthen its operations in Argentina and increase the supply of Argentine shrimp [3][5] - The company aims to leverage its extensive experience in land-frozen wild shrimp and improve access to high-quality, frozen-at-sea shrimp, which has a higher market value [3][4] Group 2: Operational Integration - Ownership of the trawlers provides direct access to raw materials and contributes to vertical integration in the wild shrimp value chain, enhancing the supply chain and supporting existing land processing operations [4][5] - The purchase is aligned with Iceland Seafood International's strategic initiatives approved in 2024, focusing on targeted investments in Argentina to strengthen the group's position and current operations in the region [4]

Group 1 - The successful refinancing of Iceland Seafood International hf. (ISI hf.) has significantly strengthened the company's financial position through debt restructuring, interest rate reduction, and enhanced liquidity [1][2] - The primary refinancing involved the issuance of the ICESEA 28 10 bond with a maturity of 3.5 years, reducing short-term debt by EUR 27.6 million and increasing long-term debt [1][3] - The effective interest rate after refinancing is approximately 5.2%, a substantial decrease from the previous bond's 13% flat interest rate [1][3] Group 2 - The refinancing of foreign bank loans has reduced credit margins by 0.5–1.0 percentage points, simplifying the Group's loan structure and improving operational efficiency [2] - Following the refinancing, ISI hf.'s long-term debt is now approximately EUR 35 million, indicating a better balance between long- and short-term liabilities [3] - CEO Ægir Páll Friðbertsson expressed confidence in the company's solid foundation for continued operations and future growth due to the simplified debt structure and lower interest burden [4]

A Maryland summer wouldn't be complete without blue crabs on the menu. A cornerstone of the state's culture and economy. I think it's just the culture, too. Like all of us sitting at the table, like just it's just family time.It's also a lifeline for thousands of watermen, reeling in tens of millions of dollars for the region annually. But the iconic catch is in trouble. This year's population numbers are the second lowest on record since the survey began in 1990.Very feisty little guy here. The juvenile cr ...

China partially lifts ban on Japanese seafood imports https://t.co/bex1gnDluU ...

China said it will allow the import of some seafood products from Japan to resume, a partial lifting of the blanket ban imposed following Tokyo’s release of wastewater from a wrecked nuclear power plant in 2023 https://t.co/62EMjYvhzk ...

s/o red LOBSTASouth Dallas Foodie (@SouthDallasFood):Common misconceptions about Seafood QUALITY addressed by Red Lobster CEO Damola Adamolekun https://t.co/unFhIOrOPW ...

NEW BEDFORD, Mass., June 10, 2025 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), today announced the successful closing of a Commercial Property Assessed Clean Energy ("C-PACE") financing under the PACE Massachusetts Program using Allectrify’s FASTPACE Platform. The C-PACE financing will fund a 205kW (kilowatts) DC (Direct current) solar PV (PhotoVoltaic) installation and associated roofing upgrades at an industrial building located in the Port of New Bedfo ...

Ordinary General Meeting in Lerøy Seafood Group ASA was held today, 27 May 2025. All items were resolved in accordance with the Annual General Meeting notice and the recommendations of the Nomination Committee. The General Shareholders Meeting approved to distribute a dividend of NOK 2.50 per share. The dividend will be paid on 5 June 2025 and shall be paid to the shareholders who are registered shareholders of Lerøy Seafood Group ASA as of 27 May 2025. The shares in Lerøy Seafood Group ASA will be traded ...

Inflation and Deflation Trends - Industry experts predict a new inflation cycle in China due to M2 scale reaching 326.06 trillion yuan, which is double the GDP, but currently, deflation is observed with April CPI rising only 0.3% [1] - From June 2025, five major price drops are anticipated in China [3] Real Estate Market - Since 2022, housing prices have been on a downward trend, with cities like Tianjin and Shijiazhuang experiencing declines, and major cities like Shanghai seeing significant adjustments, with prices dropping from 95,000 yuan per square meter to 65,000 yuan, a decrease of over 30% [5] - By the second half of 2025, housing price differentiation is expected, with second and third-tier cities slowing their decline while first-tier cities like Shanghai and Shenzhen may experience further drops [5] Seafood Prices - Seafood prices are becoming more affordable, with prices for king crabs dropping below 200 yuan each and salmon prices decreasing by 40%, while shrimp prices fell from 38 yuan per jin to 28 yuan per jin [7] - The decline in seafood prices is attributed to consumer hesitance following Japan's nuclear wastewater discharge, leading to reduced demand despite no contamination in domestic seafood [7] Automotive Market - A price reduction trend is observed in the domestic automotive market, with mid-range cars dropping by 15,000 to 20,000 yuan and luxury imports seeing reductions up to 100,000 yuan [9] - Factors contributing to the decline include an influx of new energy vehicles, increased competition from tech companies like Huawei and Xiaomi, and reduced consumer purchasing power [9] Home Appliance Prices - Home appliance prices are expected to adjust downwards by 10% to 15% for items like refrigerators, TVs, and air conditioners by 2025 [12] - The rapid technological advancement in appliances and decreased consumer spending due to lower incomes are driving the need for discounts and promotions to clear inventory [12] Pork Prices - Pork prices are decreasing, with supermarket prices dropping from 26-28 yuan per jin to 18-20 yuan per jin, and further declines are expected [13] - The price drop is due to overproduction from previous years' high prices attracting investment in pig farming and a shift in consumer preference towards healthier meat options [13]