In a three-hour court hearing, prosecutors from the U.S. Department of Justice asserted StarKist’s investment in TechPack Solutions, an India-based can and bottle technology firm, was worth more than the potential USD 100 million (EUR 89.1 million) fine StarKist faces for playing a part in a criminal price-fixing conspiracy.
StarKist’s own expert witness placed the value of StarKist’s holding in TechPack at USD 155 million (EUR… Read More
Quepos, Costa Rica-based Martec has garnered 3-star certification from the Global Aquaculture Alliance’s Best Aquaculture Practices (BAP) scheme for its spotted rose snapper.
Founded in 1984, Martec began as a processor and exporter of wild-catch fish and, in 2008, it expanded into off-shore cage aquaculture focused on the spotted rose snapper (Lutjanus guttatus). It claims to be the first company in the world to grow and sell spotted rose… Read More
William Brandt, the trustee overseeing the sale of China Fishery’s Peruvian assets, has thus far failed to attract an offer that meets the minimum threshold mandated by his court appointment, and so he’s trying a new tactic.
Brandt has asked the judge overseeing China Fishery’s Chapter 11 bankruptcy filing in a New York court for permission to hire Asab Investment; a company based in Abu Dhabi, United Arab Emirates, with… Read More
Spanish-flagged vessels are overfishing areas of the open ocean that aren’t governed by catch limits, damaging efforts to sustainably manage Patagonia toothfish stocks, according to Austral Fisheries.
The Mt. Hawthorn, Western Australia, Australia-based company said it has seen “a significant increase” in toothfish fishing by two Spanish-flagged vessels within the Southern Indian Ocean Fishing Agreement (SIOFA) area, but in… Read More
U.S. President Donald Trump announced on Friday, 7 June that his administration had reached an agreement with Mexico that would result in him calling off proposed tariffs on Mexican goods.
Trump threatened on Thursday, 30 May to impose levies on all goods entering the U.S. from Mexico, beginning 10 June. The tariffs would gradually increase from 5 percent up to a ceiling of 25 percent by October if the Mexican government did not take action to… Read More
The Alaska Seafood Marketing Institute (ASMI) is removing the “interim” label from Jeremy Woodrow’s title.
The ASMI Board of Directors selected Jeremy Woodrow as its executive director, a position Woodrow has filled on an interim basis since December 2018, when Alexa Tonkovich, who had served as ASMI’s executive director since 2015, stepped down.
Woodrow started as ASMI as the organization’s communications… Read More
An event hosted in Englewood, New Jersey, U.S.A. by the government of South Korea aims to introduce potential buyers with top Korean seafood suppliers.
The 2019 K-Seafood Trade Delegation will take place 25 June and is jointly hosted by the Korean Ministry of Oceans and Fisheries, K-Fish Korean Seafood, and the National Federation of Fisheries Cooperatives.
Speakers at the event include South Korean Ministry of Ocean and Fisheries Counselor… Read More
French supermarket chain Supermarché Match has begun selling Lingalaks salmon fed with marine algal oil produced by Veramaris, the company announced on 5 June.
The salmon are now available in 116 stores in northeastern France, according to a Veramaris press release.
“At Supermarché Match, we are committed to ensuring that everyone has access to fresh and healthy food. The salmon we are now able to offer to our customers is… Read More
Topsfield, Massachusetts, U.S.A.-based East Coast Seafood Group has renovated the 66,000-square-foot Seatrade plant in New Bedford, Massachusetts to turn it into a “state-of-the-art lobster facility,” the company said in a statement on 5 June.
New technology installed in the plant has given the company higher automation, superior packaging options, and better logistical layout, resulting in improved efficiency and product quality and… Read More
Construction is expected to begin later this year in Norway on what is pegged to become the largest land-based aquaculture facility in Europe.
More og Romsdal, Norway-based Salmon Evolution AS has raised NOK 50 million (USD 5.7 million, EUR 5.1 million) to begin development of an on-land facility to be built in Harøysund, Norway that will eventually produce nearly 30,000 metric tons (MT) of Atlantic salmon annually.
The company purchased… Read More