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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Sanford Limited continued a streak of positive performance in H2 2023, but higher revenue and earnings still haven’t returned the company to pre-Covid levels.
For the financial year ending 30 September 2023, the Auckland, New Zealand-based seafood company posted revenue of NZD 553.4 million (USD 333.2 million, EUR 307.2 million), the highest total in the last five years. Its adjusted earnings before interest and taxes (EBIT) reached
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The International Seafood Sustainability Foundation’s (ISSF) latest “Status of the Stocks” report for global tuna fisheries found the sustainability of global tuna stocks has remained flat since its last report in March.
The latest report found that 85 percent of the world’s commercial tuna catch comes from stocks at “healthy” levels of abundance, the same amount the ISSF reported over six months ago.
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Australia Environment Minister Tanya Plibersek has warned she may reconsider salmon-farm licensing in Tasmania to protect a rare fish.
Eenvironmental groups have increasingly called for restrictions on salmon farming in Tasmania after a study by the University of Tasmania said aquaculture operations could be a factor in the decline of the endangered Maugean skate. The skate, which is endemic only to Macquarie Harbor, has seen its population drop
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Premium Brands Holdings Corporation has acquired another seafood company in Quebec, continuing its streak of acquisitions in a quarter during which it recorded revenue and earnings.
The Richmond, British Columbia, Canada-based company announced during its regular Q3 2023 results presentation its acquisition of Rivière-au-Renard, Quebec, Canada-based seafood distributor Menu-Mer.
“Menu-Mer, whose market focus complements the
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NOAA Fisheries announced on 14 November it is withdrawing its proposal to expand the Seafood Import Monitoring Program (SIMP), drawing criticism from environmental groups and members of Congress.
NOAA first announced a major expansion proposal on 28 December 2022 that would have more than doubled the number of species that the program targets. The program, created six years ago to block the import of products that had been either
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Members of the First Nations Wild Salmon Alliance (FNWSA) have renewed calls to completely remove net-pen salmon farming in British Columbia, Canada, despite pushback from salmon farmers in the region.
A group of indigenous leaders from the FNWSA – which represents more than 120 First Nations – held a press conference in Ottawa, Canada, calling on the federal government to follow-through on its plans to transition away from net-pen
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Eddie M’s announced has acquired and is merging with Minnetonka, Minnesota, U.S.A.-based American Fish and Seafood Inc.
Eddie M’s Owner and CEO Jordan Mazzetta said the newly formed joint company will now be based out of Eddie M’s Plymouth, Minnesota-based facility. The facility, which measures 65,000 square feet, will serve as the processing and distribution facility for customers of both companies.
American Fish
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The Scottish government has officially confirmed it is abandoning a proposal to create highly protected marine areas (HPMAs), a decision being celebrated by the country's salmon-farming sector.
Scotland was considering a proposal to establish 10 percent of the country’s seas as HPMAs by 2026. An HPMA, if established, would have placed strict limits on all human activity in the area – with fishing and aquaculture among the banned
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Ahead of the International Commission for the Conservation of Atlantic Tunas’ (ICCAT) meeting, which will run from 13 to 20 November in Cairo, Egypt, an array of NGOs are calling on the regional fishery management council to improve management practices and develop a plan to rebuild the stocks of overfished bigeye and yellowfin tuna fisheries.
ICCAT meets annually to discuss management members for tuna and tuna-like species, which includes
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High Liner Foods posted higher sales volumes but lower earnings and gross profit in Q3 2023.
The Lunenburg, Nova Scotia, Canada-based seafood company is predicting it won’t see any growth in its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in its 2023 fiscal year.
High Liner said it sold 61 million pounds of seafood in Q3 2023, up 1 percent from the 60.4 million pounds sold in Q3 2022. Despite the
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