Cliff White is the executive editor of SeafoodSource. He has 15 years of experience as a professional journalist, including serving as the senior business reporter for the McClatchy-owned Centre Daily Times in State College, Pennsylvania, where he won state and national awards for his coverage of the development of the Marcellus Shale natural gas deposit and the Jerry Sandusky scandal.
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In another deal involving the sale of seafood industry data, Kontali has acquired the Nasdaq Salmon Index.
Founded in 2008 by Nasdaq, the Nasdaq Salmon Index provides pricing data for Norwegian salmon exports. It serves as a price reference for contracts and as a benchmark representing 95 percent of the index used for derivatives contracts traded via the Fish Pool exchange, according to the company.
“With Kontali as the new owner and
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U.S. pangasius imports fell significantly in 2023, potentially due to its price rising beyond USD 3.50 (EUR 3.22) per pound in April 2022.
The price of 5- to 7-ounce frozen pangasius fillets is now below USD 2 (EUR 1.84) per pound, but year-to-date imports through November 2023 have cratered at 166 million pounds, down from 284 million pounds for all of 2022. Pangasius had been on an upward trajectory in the U.S., which imported 110 million
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Kyokuyo, Japan's fourth-largest seafood company, has acquired Turkish seafood processor Kocaman Su Ürünleri İhracat ve İthalat Ticaret.
The acquisition was announced 29 January in a letter from the company’s board of directors, which confirmed Kocaman will become a holding of Kyokuyo Europe BV. Terms were not revealed, but the deal includes the transfer of 1.78 million shares of Kyokuyo stock to owners Osman Kocaman, Metin
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OBI Seafoods has decided to close its Larsen Bay plant on Alaska’s Kodiak Island for the 2024 salmon season.
The Seattle, Washington, U.S.A.-based seafood company, formed in 2020 through a merger between Ocean Beauty Seafoods and Icicle Seafoods as a means to help OBI compete against rivals Trident Seafoods and Silver Bay Seafoods in Alaska, is a major player in the salmon fishery in the U.S. state of Alaska. But its footprint will get
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Roman Tkachenko, the CEO of Direct Source Seafood, a seafood importer based in Bellevue, Washington, U.S.A., is not thrilled with the U.S. government’s decision to implement and then expand a ban on Russian seafood entering the U.S.
Russian king crab inventories are almost extinguished in the U.S., and it’s impossible to bring more in as cooked frozen legs and claws, even with third-country processing that would change the country of
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China and Indonesia are leading a charge that will see global tilapia production rise to over 7 million metric tons in 2024.
If the prediction from Rabobank and the Global Seafood Alliance holds true, it would be the equivalent of 5 percent year-over-year growth, and a 13 percent increase from 2019.
“Overall, the growth of tilapia has been pretty consistent with year-over-year increases, averaging about 5.4 percent each year,” Urner
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Keyport LLC has agreed to take on tanner crab quota left stranded following the closure of Peter Pan Seafood’s processing facility in King Cove, Alaska, U.S.A.
Alaska’s crab rationalization program requires 90 percent of fishing quotas be matched to qualified facilities with affiliated processing quotas, with fishermen obligated to deliver their catch to processors holding the corresponding quota. The abrupt closing of the Peter Pan
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Global cod landings are down 33 percent over the past decade, and the downward trend has accelerated over the past three years.
On 25 January, at the 2024 Global Seafood Market Conference in Orlando, Florida, U.S.A., Genuine Alaska Pollock Producers Director of Industry Relations, Partnerships, and Fishery Analysis Ron Rogness reported global cod catch declined to 1.12 million metric tons (MT) in 2023.
Catches of Atlantic cod fell 42 percent
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Paul Jewer is the CEO of High Liner Foods, a value-added, publicly traded distributor of frozen seafood across North America, headquartered in Lunenburg, Nova Scotia, Canada. Santiago Alvarez is the CEO of the Alfa Gamma Group, a vertically integrated seafood company based in Miami, Florida, U.S.A.
The two spoke on a panel titled “Inside the C-Suite” at the Global Seafood Market Conference in Orlando, Florida, U.S.A. on 24 January,
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Thai Union has received an A+ financial rating despite the impact of its decision to sell Red Lobster at a significant loss.
The rating, released 25 January, was issued by Tris Rating Co. – a credit rating agency minority owned by Standard & Poor's.
Thai Union’s announcement it will exit Red Lobster and take a THB 18.5 billion (USD 530 million, 481 million) impairment charge in Q4 2023 was made on 16 January 2024.
“Tris
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