Seafood supply chain industry news covering seafood distribution, processing, imports and exports and market analysis.
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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By SeafoodSource staff
26 February, 2013
Austevoll Seafood ASA finished the 2012 4th quarter well, with income
and profits up over the same quarter in 2011, despite some “challenging”
problems in the conpany’s Peruvian operation.
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By SeafoodSource staff
26 February, 2013
Value-added seafood supplier Contessa Premium Foods has emerged from Chapter 11 bankruptcy protection, with all its creditors paid in full.
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By SeafoodSource staff
26 February, 2013
Marine Harvest has announced it received acceptance from Morpol to acquire about 85 percent of the shares in the company.
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By SeafoodSource staff
25 February, 2013
After declining for three weeks, prices of Norwegian salmon exports increased for the period of 11 to 17 February.
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By Chris Loew, SeafoodSource contributing editor, reporting from Osaka, Japan
25 February, 2013
The Alaska Seafood Marketing Institute (ASMI) has been making the rounds on the trade show circuit in Japan to promote the brand awareness for the state’s seafood.
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By SeafoodSource staff
22 February, 2013
Icicle Seafoods announced this week that the company had appointed Amy
Humphreys as president and CEO, replacing Dennis Guhlke after he
resigned.
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By SeafoodSource staff
22 February, 2013
The Alaska House of Representatives has come out against genetically engineered salmon, or as critics call it, “Frankenfish.”
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By SeafoodSource staff
21 February, 2013
The year of the snake has been good to Nova Scotia so far, with an
estimated million kilograms of our lobster shipped to China since the
start of January to celebrate the country’s new year.
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By SeafoodSource staff
21 February, 2013
High Liner Foods had some of the highest levels of sales, adjusted
earnings before interest, taxes, dividends and acquisitions (EBITDA),
and adjusted net income in the company’s history overall in 2012,
despite a slump in sales in the U.S. during the fourth quarter 2012.
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