American Seafoods and others recently fined for Jones Act violations for using the so-called Bayside Program to bring Alaska-sourced seafood to the U.S. East Coast are awaiting a ruling from U.S. District Court Judge for the District of Alaska Sharon L. Gleason in their lawsuit against the U.S. government.
On Friday, 17 September, Gleason heard arguments from those involved in the Bayside Program, who have been collectively fined nearly USD 500… Read More
Iceland Seafood International will issue 40 million new shares of its stock to help finance its acquisition of Madrid, Spain-based salmon smoker Ahumados Dominguez.
Reykjavik, Iceland-based ISI announced last week it will acquire an 85 percent stake in Ahumados Dominguez from the Mestanza family for EUR 12.44 million (USD 14.6 million), with the transaction closing 27 September, 2021.
The transaction will be financed through a combination of… Read More
U.S. District Court Judge for the District of Alaska Sharon L. Gleason is set to decide whether to intervene in an effort by Customs and Border Protection to fine American Seafoods and other companies over a transportation line that brings Alaska pollock to the U.S. East Coast, which the agency has ruled violates the Jones Act.
The hearing is scheduled for 10 a.m. Alaska Daylight Time, which is 2 p.m. Eastern Standard time., on Friday, 17… Read More
Kim Gorton is the president and CEO of Slade Gorton, a third-generation, family-owned seafood importer, processor, and distributor based in Boston, Massachusetts, U.S.A.
Seafoodsource: What is your take on the state of the seafood industry right now?
Gorton: The global supply chain is in a state of fairly significant disruption right now; long order lead times, production capacity constraints, reduced ocean freight capacity, clogged ports,… Read More
American Seafoods and its allies in a lawsuit they filed against the U.S. government are countering claims made by U.S. Customs and Border Protection in a fight over whether a 100-foot dead-end rail line in New Brunswick, Canada, is legal under an exception to the Jones Act, which requires all domestically-caught seafood to be transported via vessels built in the United States with U.S. materials.
The Seattle, Washington, U.S.A.-based pollock… Read More
The U.S. government accused the operators and clients of a dead-end rail line in New Brunswick, Canada, used in transporting Alaska pollock to the U.S. East Coast, of engaging in “a calculated and secret scheme” to escape the restrictions of the Jones Act, which requires all domestically-caught seafood to be transported via vessels built in the United States with U.S. materials.
The filing in a U.S. District Court in Alaska on 14… Read More
Kverva Industrier AS, a company closely related to SalMar President and CEO Gustav Witzøe, has taken a minority stake in Bremerhaven, Germany-based F.W. Lübbert GmbH & Co.
Trondheim, Norway-based Kverva is a seafood industry-focused investment firm. Its holdings includes stakes in SalMar, ScaleAQ, Patogen, Insula, Pelagia, and Nutrimar, which collectively have NOK 20 billion (USD 2.3 billion, EUR 2 billion) in annual sales and… Read More
Taoyuan City, Taiwan-based aquafeed and aquaculture equipment firm Grobest has entered into an exclusive partnership with Singapore-based shrimp farmer Universal Aquaculture (UniAqua) to deliver a proprietary feed specially designed for the firms recirculating aquaculture system (RAS) vannamei farms ...
Photo courtesy of… Read More
India exported nearly 66.3 million pounds of shrimp (30,070 metric tons) to the United States in July 2021, despite significant hurdles created by the ongoing COVID-19 pandemic ...
Photo courtesy of… Read More