Around USD 226 million (EUR 234.3 million) in funding from the Deepwater Horizon disaster settlement will be used to fund eighteen projects to restore the Gulf of Mexico’s marine environment.
Among the projects gaining funding as part of the Final Open Ocean Restoration Plan 2, which was formally announced on 10 December after a 6-month review period, is an effort to reduce fish and turtle bycatch in the Gulf’s shrimp fishery, which… Read More
A pilot program that gave five U.S. states bordering the Gulf of Mexico greater control over their quotas for the Gulf red snapper fishery is in the process of being made permanent, signaling a willingness from NOAA Fisheries to embrace more flexible, decentralized management programs for U.S. fisheries.
In April 2019, the Gulf of Mexico Fishery Management Council unanimously adopted Amendment 50, which would extend state regulations for… Read More
Three big players in the seafood industry have announced a joint initiative to end soy-related deforestation in the Cerrado region of Brazil.
Amersfoort, the Netherlands-based Nutreco, one of the world’s largest aquafeed producers; Grieg Seafood, a salmon farming firm based in Bergen, Norway; and Tesco, a supermarket chain headquartered in Hertfordshire, England, have set up the “Funding for Soy Farmers in the Cerrado”… Read More
The Maine Lobstering Union, the owner of wholesaler Trenton, Maine, U.S.A.-based wholesaler Lobster 207, has sued members of a family it said defrauded them of nearly USD 2 million (EUR 1.8 million).
The union, which is a division of the International Association of Machinists and Aerospace Workers, sued husband and wife Anthony D. Pettegrow and Josette G. Pettegrow, and their son, Warren Pettegrow, who served as the CEO of Lobster 207 until he… Read More
Few buyers of seafood from Thailand are building the cost of social and environmental compliance into the prices they’re paying, undermining efforts to keep slavery and other labor abuse issues out of the supply chain, according to a new report from Praxis Labs, funded by the non-governmental organizations Humanity United and the Freedom Fund.Read More
Christopher Lischewski, the former president and CEO of Bumble Bee Foods, was convicted on 3 December, 2019, of helping to orchestrate a price-fixing conspiracy between Bumble Bee, Chicken of the Sea, and StarKist, the so-called “Big Three” players in the U.S. canned tuna sector.
Lischewski was found guilty of one count of price-fixing by a jury in the U.S. District Court for the Northern District of California and faces up to 10… Read More
Blacks Harbour, New Brunswick, Canada-based Connors Bros. has filed for bankruptcy protection in Canada as part of a larger bankruptcy filing by its parent company, San Diego, California, U.S.A.-based Bumble Bee Foods.
Connors Bros. has commenced court-supervised restructuring proceedings under Canada's Companies' Creditors Arrangement Act, as has fellow Bumble Bee affiliate Cloverleaf Holdings Company, according to the CBC. The companies… Read More
At its annual meeting earlier this week, the International Commission for the Conservation of Atlantic Tunas took steps to reduce fishing effort for bigeye tuna.
The regional fisheries management organization lowered the total allowable catch for bigeye tuna in 2020 and 2021 from 62,500 metric tons (MT) to 61,500 MT, and reduced the allowed maximum number of fish aggregating devices (FADs) from 500 to 350 in 2020 and to 300 2021. It also… Read More
On 21 November, the same day it filed for chapter 11 bankruptcy protection, Bumble Bee Foods announced it had entered into an agreement with FCF Co., its primary supplier of tuna, which agreed to acquire the company’s assets for approximately USD 925 million (EUR 836 million).
In a statement accompanying the announcement, Bumble Bee President and Chief Executive Officer Jan Tharp said she “anticipates that the transaction will… Read More
Chicken of the Sea, one of the so-called “Big Three” U.S. canned tuna companies, has asserted its financial health in a corporate statement released 25 November.
Chicken of the Sea’s primary rivals, Bumble Bee Foods and StarKist, have run into financial difficulty following their guilty pleas in criminal cases brought against them involving a joint price-fixing scheme, which also involved Chicken of the Sea. Bumble Bee Foods… Read More