Chris Chase is the Portland, Maine-based associate editor of SeafoodSource. Previously, he worked covering local issues at the Coastal Journal in Bath, Maine, where he won multiple awards from the Maine Press Association for his news coverage and food reviews. Chris is a graduate of the University of Maine, and got his start in writing by serving as a reporter and later the State Editor of The Maine Campus, an award-winning campus newspaper.
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High Liner Foods saw an increase in sales volume but a drop in gross profit and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2023 as challenging market conditions and a supply glut early in the year shrank margins.
The company reported in its FY-2023 results that its sales volume reached 257 million pounds, a 2.4 percent, or 6.1 million pound, increase over the 250.9 million pounds it sold in the same
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An arbitrator has found the Fish Food and Allied Workers Union (FFAW) will have to pay damages related to costs incurred by seafood processors in Newfoundland and Labrador, Canada, when snow crab fishermen refused to fish for six weeks in 2023.
The Association of Seafood Producers (ASP), which represents seafood processors in the Canadian province, issued a release on 20 February providing an update on arbitration relating to the
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The U.S. Department of the Treasury has extended the deadline for companies importing Russia-origin seafood to get the products into the country.
U.S. President Joe Biden signed an executive order on 22 December expanding a U.S. ban on Russian seafood to include imports of Russia-origin seafood products that were processed in third countries. The Biden administration later issued more guidance adding several harmonized tariff schedule (HTS)
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Nordic Aquafarms has been attempting to build a land-based salmon recirculating aquaculture system (RAS) in Belfast, Maine, U.S.A. for six years and has recently reaffirmed its commitment to the location, even though the project has yet to break ground.
Nordic Aquafarms announced its plans to build a salmon RAS in Maine in January 2018, with initial projections aiming for the 33,000-metric-ton (MT) facility to become fully operational by 2020.
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The South Atlantic Fishery Management Council (SAFMC) is mulling whether to include new regulations for on-demand or “ropeless” gear on black sea bass pots as a means of preventing adverse impacts on whales.
The black sea bass pot fishery uses pot traps that rest on the bottom and vertical line with a buoy attached for retrieval – similar to other pot fisheries like lobster or crab. The fishery has been experimentally using
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Cooke USA is closing down a fish offloading and packaging operation located in Wanchese, North Carolina, U.S.A.
The facility is operated by Cooke subsidiary Wanchese Fish Company – a Suffolk, Virginia-based wild-caught fisheries company that Cooke acquired in 2015, marking one of Cooke’s first forays into wild-capture fisheries.
A supplier of scallops, flounder, and other seafood products, Wanchese had 15
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Russian shipments of live and frozen crab to China jumped massively in 2023, as the country’s access to the U.S. and European markets has largely closed off.
Russia’s seafood industry has been dealing with bans and sanctions in response to its invasion of Ukraine in 2022. The U.S. announced its first bans in March 2022, and since that time, the administration of U.S. President Joe Biden has tightened those restrictions even
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Norwegian farmed salmon producer Nova Sea has purchased a 33.4 percent stake in Torghatten Aqua, becoming a major shareholder in the company and starting a “close and long-term collaboration.”
Nova Sea said the investment comes through a capital expansion at Torghatten Aqua and the purchase of new shares. The purchase makes Nova Sea the company’s second-largest shareholder, behind Trøndelag Helgeland Invest – which
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The Atlantic States Marine Fisheries Commission (ASFMC) is planning to maintain the same quota in the Maine elver fishery for at least the next few years, even as preliminary data indicates an abundance of the eels.
Maine’s elver, or glass eel, fishery has grown to be the state’s second-most valuable fishery, earning USD 20.1 million (EUR 18.7 million) in 2022 and USD 19.3 million (EUR 18.1 million) in 2023, with an average price per
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A study recently published in Fishes found that krill meal in the diet of farmed Atlantic salmon has no benefit when used in conjunction with other animal protein like poultry meal.
During a 90-day post-smolt feeding trial, scientists found that krill meal had no effect on the growth rate or feed intake of salmon in animal-based feeds, meaning krill meal has potentially no benefit when poultry-based protein is present.
“Our findings
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