Two former employees of the Buyers and Sellers Exchange (BASE) in New Bedford, Massachusetts, U.S.A. have alleged that the owners – brothers Raymond and Richard Canastra – were aware of and involved in falsifying quotas performed by the “Codfather” Carlos Rafael.
Rafael pleaded guilty in 2017 to falsifying fish quotas, tax evasion, and conspiracy in the wake of allegations he was connected to a criminal fishing scheme… Read More
Canada’s Ocean Supercluster – a national “industry-led transformative cluster” with 370 members – has announced the launch of the “Integrated Operations and Real-Time Analytics Project,” a CAD 27 million (USD 21 million, EUR 17 million) endeavor.
The project will create, according to a release from the Ocean Supercluster, “real-time information, analytics and environmental connectivity” for… Read More
High Liner Foods Q4 earnings report indicates that the company managed to increase its adjusted earnings before interest, taxes, debt, and amortization (EBITDA) for the second straight year.
The Lunenburg, Nova Scotia, Canada-based company saw its adjusted EBITDA grow by 12.8 percent in the fourth quarter, and for the fourth quarter adjusted EBITDA as a percentage of sales increased to 10.7 percent compared to 8.5 percent in 2019. Net income, as… Read More
U.S. State of Maine Governor Janet Mills has written a letter to NOAA Fisheries outlining “grave concern” over the latest Biological Opinion that has been drafted for 10 fishery management plans in the Greater Atlantic Region – including the state’s lucrative lobster industry.
Mills, in a letter to NOAA Greater Atlantic Regional Administrator Michael Pentony, said the framework could have drastic consequences for the… Read More
The Department of Fisheries and Oceans (DFO) Canada has announced a plan to better protect the endangered North Atlantic right whale in 2021, carrying over several measures from 2020 and adding new requirements.
Protection of the North Atlantic right whale – one of the most-endangered species on the planet, with roughly 366 individuals remaining – has been an ongoing issue for fisheries in both eastern Canada and the… Read More
Crab sales at U.S. retailers have hit record highs, with the category as a whole up over 60 percent, and king crab has been buoyed by the surge.
Customers at the retail level are buying record numbers of king crab, according to Michael Kotok, the president of Buffalo, New York, U.S.A.-based Arctic Fisheries. Kotok was speaking during the National Fisheries Institute’s Global Seafood Market Conference webinar series; SeafoodSource is… Read More
In a rare joint statement, the United States Department of Agriculture (USDA), U.S. Food and Drug Administration (FDA), and U.S. Centers for Disease Control and Prevention (CDC) have firmly stated that there is “no credible evidence” that COVID-19 can be transmitted from food or food packaging.
The statement comes over a year into the COVID-19 pandemic, and months after very early studies indicated that COVID-19 might be able to… Read More
The impacts of the COVID-19 pandemic on the blue and red swimming crab market are ongoing, and have combined to make the industry a more complicated prospect for importers.
Chicken of the Sea Vice President and National Fisheries Institute (NFI) Crab Council Executive Robert Kragh – speaking during NFI’s Global Seafood Market Conference webinar series – said the impacts of COVID-19 on the market were immediate from a producer… Read More
A new report by a cadre of scientists and members of environmental NGOs is calling on the Marine Stewardship Council (MSC) to take further action to combat the practice of shark-finning.
The report, which analyzed the MSC’s policies relating to shark-finning, asserts that the organization should adopt a “fins naturally attached” (FNA) policy in order to curtail – and hopefully eliminate – shark-finning. The council… Read More
Durham, North Carolina, U.S.A.-based agricultural biotechnology company Arbiom announced that a recent study found its wood-based aquafeed alternative SylPro was effective as a replacement for plant- and fishmeal-based proteins in rainbow trout feed …
Photo courtesy of Orest… Read More