Seafood supply chain industry news covering seafood distribution, processing, imports and exports and market analysis.
By SeafoodSource staff
08 March, 2013
One seafood plant will close and another will open in the near future in the Aleutians Islands.
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By James Wright, SeaFood Business senior editor
07 March, 2013
U.S. Rep. Ed Markey (D-Mass.) on Wednesday introduced a new bipartisan version of a bill to combat “rampant” seafood mislabeling and other forms of fraud via heightened traceability requirements.
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By SeafoodSource staff
07 March, 2013
Higher prices for Norwegian salmon led to record-high export values in
February, but that couldn’t compensate for drops in herring, clipfish
and salted fish, leading to an overall lower export value than in
February of last year.
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By SeafoodSource staff
07 March, 2013
Portland, Ore.-based Pacific Seafood Group has announced the opening of an operation in Santiago, Chile.
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By SeafoodSource staff
06 March, 2013
In response to increased demand for DNA testing to ensure proper seafood species identification, a new point-of-use DNA analysis kit for American red snapper (Lutjanus campechanus), one of the most frequently substituted species, will be made available in 2013.
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By SeafoodSource staff
06 March, 2013
Thai Union Frozen Products’ 2012 report showed sales passing THB 100
billion (USD 3.3 billion, EUR 2.6 billion), an increase of 8 percent
from the previous year.
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By SeafoodSource staff
06 March, 2013
Food logistics company ACS&T announced Tuesday it has signed a three-year contract with Young’s Seafood.
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By James Wright, SeaFood Business senior editor
05 March, 2013
Another trade conflict over the U.S. market widens the rift between domestic and imported shrimp. Opponents say the move could harm U.S relations with trading partners.
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By SeafoodSource staff
05 March, 2013
China Growth Equity Investment, a special purpose acquisition company, merged with Fujiyan Provincial Pingtan County Ocean Fishing Group under the name Pingtan Marine Enterprise.
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By SeafoodSource staff
05 March, 2013
Copeinca, Peru's No. 2 fish exporter, said on Monday it has hired a team of financial advisors to "explore alternatives" after it received a USD 556 million unsolicited buyout bid from China Fishery Group
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By SeafoodSource staff
05 March, 2013
More than 300 fish plant workers have been blindsided by the closure of the three P. Janes and Sons seafood processing plants in Newfoundland on Monday, but another fish plant owner said he hopes to hire most of the displaced workers.
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By SeafoodSource staff
04 March, 2013
Scottish-based Macduff Shellfish recently acquired the U.K.’s largest
scallop fishing fleet, and now the company is setting its sights on
America, seeking an expansion to the states.
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By SeafoodSource staff
04 March, 2013
Thai Union Frozen Products, the world's biggest canned tuna producer, reported a 60 percent drop in net profit to the lowest in eight quarters, hit by a sharp fall in tuna prices and higher costs in its shrimp business.
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By Chris Dove, SeafoodSource contributing editor, reporting from Malaga, Spain
01 March, 2013
Sales of the world's most expensive seafood — abalone (sea snail, ormer,
Haliotis) — increased over Christmas, reported Spanish TV broadcaster
RTVE. It attributed the increase to a developing appreciation for the
shellfish, traditionally enjoyed by English and French coastal
communities, with people paying “astronomical prices” for its
flavorsome, delicate meat.
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By SeafoodSource staff
01 March, 2013
Icicle Seafoods’ Adak plant won’t be processing fish this summer. The closure, although temporary, is a blow to the struggling fishing industry in the western Aleutians.
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By Mark Godfrey, SeafoodSource contributing editor reporting from Beijing, China
28 February, 2013
The several million readers of Beijing’s most popular morning paper, Xin
Jing Bao, will have become very familiar the past months with two firms
aggressively advertising organic seafood.
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By SeafoodSource staff
28 February, 2013
SalMar reported operating revenues of NOK 1.3 billion (USD 227.9 million, EUR 173.6 million) in the fourth quarter of 2012, up from NOK 1.1 billion (USD 192.8 million, EUR 146.9 million) in the fourth quarter of 2011.
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By SeafoodSource staff
28 February, 2013
The European Union (EU) has decided to resume imports of Pakistani seafood to its markets, marking another step forward in improving EU-Pakistan relations, according to a statement issued on Wednesday by the EU ambassador.
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By SeafoodSource staff
28 February, 2013
Trade barriers between the EU and Peru will be lifted as of 1 March 2013 said the EU Trade Commission, when an “ambitious and comprehensive trade agreement” will be applied.
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By SeafoodSource staff
27 February, 2013
Fishmeal and fish oil producer Copeinca’s board of directors have
issued a statement rejecting an offer from China Fishery Group to buy
the company, saying the offer came from out of nowhere and was not
attractive.
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By SeafoodSource staff
27 February, 2013
EU fishery ministers agreed Wednesday to implement a ban on discards — the wasteful practice of dumping unwanted fish overboard — by easing quota limits, much to the anger of environmental groups.
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By SeafoodSource staff
27 February, 2013
Fourth quarter revenues for Scottish Salmon Co. (SSC) show a significant year over year increase driven by higher volumes, but higher than anticipated costs on the harvested fish had a negative impact on the results.
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By SeafoodSource staff
26 February, 2013
The Myanmar Fishery Federation (MFF) said last week that a Myanmar
fishery product company, Ocean Harvest (Myanmar), had exported 17 metric
tons of frozen saltwater shrimp to Red Chamber Co located in Los
Angeles, California.
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By SeafoodSource staff
26 February, 2013
Leroy Seafood Group on Tuesday reported its second highest quarterly revenue, attributing the increases in operating profit to higher volumes and lower production sales.
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By SeafoodSource staff
26 February, 2013
China Fishery Group has made an offer to buy Copeinca ASA for USD 285
million (EUR 217.9 million), a move that will bring China into the South
American seafood industry and bolster the country’s existing Pacific
operations, according to a release.
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