Cliff White has been the executive editor of SeafoodSource since 2016. Previously, he worked 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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Silver Bay Seafoods has won its USD 27.3 million (EUR 25 million) bid to acquire the frozen seafood assets of Peter Pan Seafoods, which entered receivership in April 2024.
On 5 August, King County Superior Court Commissioner Henry Judson approved the sale of the so-called Britestack assets – nearly 750,000 cases of canned salmon – despite an ostensibly higher bid from Peter Pan Co-Owner Rodger May.
With the approval of the sale,
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Tokyo, Japan-headquartered seafood conglomerate Maruha Nichiro recorded higher sales but lower profits in its most recent quarterly results.
Maruha Nichiro’s net sales were up 2.4 percent to JPY 257 billion (USD 1.8 billion, EUR 1.6 billion) in the first quarter of its 2024 fiscal year, covering the three months ending 30 June 2024. However, its operating income fell 0.4 percent to JPY 7.7 billion (USD 52.4 million, EUR 48 million), its
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Compañía Internacional de Pesca y Derivados (Inpesca) has reduced its estimation of the worth of its holding in Atunlo to zero, wiping out EUR 5 million (EUR 5.5 million) in value.
The Vigo, Spain-based Atunes y Lomos (Atunlo) is a value-addition and marketing firm for tuna products caught by Inpesca’s four vessels operating in the Indian Ocean. Earlier this year, it entered bankruptcy after it was unable to restructure
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Shrimp imports into the United States dropped 14 percent year over year in June 2024.
June’s U.S. shrimp import total sunk to 117.2 million pounds, or 53,179 metric tons (MT), down from 136.3 million pounds (61,816 MT) in June 2023, and 140.6 million pounds (63,768 MT) in May 2024.
U.S. imports are now down 11,000 MT year-to-date at 771.3 million pounds (349,841 MT) between January and June 2024, versus 794.6 million pounds (360,426 MT) in
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Mark Tupper, along with his wife, Beth Tupper, are the co-owners of Vancouver, Washington, U.S.A.-based Triad Fisheries. They announced the sale of the company to Juneau, Alaska, U.S.A.-based Alaska Glacier Seafoods on 5 August.
SeafoodSource: What is the story of Triad Fisheries and your involvement in the company?
Tupper: Bruce Gore was a salmon fishermen in Alaska in the 1970s, and he put a freezer on the boat. Bruce's wife, Kathy, and the
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India’s seafood exports increased more than 30 percent between 2019 and 2023, and the country’s government is pushing for further growth.
India’s seafood production totaled 14.2 million metric tons in 2019-2020, but that total increased to 18.3 million MT in 2023-2024, according to India’s Ministry of Commerce and Industry. The country’s seafood exports rose from 1.4 million MT to 1.8 million MT over the same time
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