Provincial Investment Advances Aquaculture Innovation in Harbour Breton

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Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-30 13:00:21.0
Tags: [Newfoundland and Labrador, Economy, Industry, Technology, Fisheries]

The Provincial Government of Newfoundland and Labrador is providing $882,581 to 360 Marine Ltd. to support a 21-month research and development project based in Harbour Breton. The company is developing and validating a compact, vessel-based sea lice treatment system combining fish-pumping and treatment technologies for smaller, multi-use vessels. The project receives additional public and private investment totaling $3.55 million, including $750,000 from the Atlantic Canada Opportunities Agency and up to $144,876 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The initiative is expected to create four new full-time positions focused on research and testing activities.

Ministerial Statement: Minister O’Driscoll Celebrates Renewal of Atlantic Fisheries Fund

Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-29 16:25:37.0
Tags: [Newfoundland and Labrador, Fisheries, Economy, Industry, Infrastructure]

Newfoundland and Labrador Minister of Fisheries and Aquaculture Loyola O’Driscoll announced the renewal of the Atlantic Fisheries Fund, which will invest over $300 million across the Atlantic Region, including approximately $90 million specifically for Newfoundland and Labrador. The funding targets four core pillars: market diversification, innovation, infrastructure, and science partnerships. This initiative aims to build upon the sector's record market value of $2.11 billion achieved in 2025, with project applications officially open to interested participants.

N.S. government announces funding to grow boatbuilding industry

Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-26 19:55:08.0
Tags: [Nova Scotia, Economy, Industry, Trade, Defence, Fisheries]

The Nova Scotia government is investing over $350,000 from its Community Economic Development Fund into the Nova Scotia Boatbuilders Association to help local boatbuilders and repair businesses expand into new markets. The funding will be used to promote local companies at trade shows, in trade publications, and through online communications and strategic partnerships. Established in 1998, the Nova Scotia Boatbuilders Association aims to diversify the industry beyond the domestic fishing boat market, helping local firms compete internationally for naval contracts and meet national defence priorities.

High Liner Foods to be bought by Umios in deal valued at $804 million

Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-26 15:40:21.0
Tags: [Nova Scotia, Economy, Industry, Trade, Fisheries]

Nova Scotia seafood processor High Liner Foods Inc. has signed an agreement to be acquired by Japanese company Umios Corp. in a transaction valued at $804 million, paying $27 per share in cash. Under the deal, which requires 75 per cent shareholder approval and a court-approved plan under the Nova Scotia Companies Act, Umios will establish High Liner Foods as the core platform for its North American business while maintaining its headquarters in Nova Scotia, its workforce, and operations. Thornridge Holdings Ltd., holding a 41.4 per cent stake in High Liner, has agreed to support the transaction, which is expected to close in early 2027 following a December shareholder vote.

Atlantic Fisheries Fund Renewed, Applications Being Accepted

Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-15 17:40:13.0
Tags: [Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island, National, Fisheries, Economy, Industry]

The Government of Newfoundland and Labrador, the Government of Canada, and the provincial governments of Nova Scotia, New Brunswick, and Prince Edward Island have jointly renewed the Atlantic Fisheries Fund (AFF) with an investment of more than $300 million. The fund supports fishing and aquaculture projects across the Atlantic region to drive innovation, enhance market development, and ensure industry sustainability. The renewed program operates under four distinct pillars: market diversification, innovation, infrastructure, and science partnerships, with applications currently being accepted by the Government of Newfoundland and Labrador and partner jurisdictions. This funding launch follows a record-breaking performance in 2025 where Newfoundland and Labrador's fisheries and aquaculture sector generated $2.11 billion in market value.