More than a year after an algal bloom wreaked havoc with the aquaculture industry in Chile, one of the country’s major players in the sector has reported financial results showing it back in the black.
AquaChile’s, a major Chilean producer of farmed salmon and trout, had earnings before interest, taxes, depreciation and amortization (EBITDA) of USD 50.2 million (EUR 44.7 million) in the first quarter of 2017. In the first quarter of 2… Read More
Japan has become the 48th country to join the Port State Measures Agreement (PSMA), a global treaty designed to help eradicate illegal, unreported and unregulated fishing.
The treaty was ratified in June 2016 after it reached the threshold of 25 signatories. Since it went into effect, an additional 20 countries have become parties to PSMA, according to the Food and Agriculture Organization of the United Nations. Japan’s movement to become a… Read More
A group representing fishermen in Massachusetts is pairing with a growing number of local restaurants in an effort to get more local seafood on diners’ plates in the Bay State.
The Cape Cod Commercial Fishermen’s Alliance’s Pier to Plate program will launch over Memorial Day weekend. In its inaugural year, it will feature 20 restaurants, a fish market and a catering company serving locally caught seafood. The program is focused … Read More
The fishery improvement project for the blue swimming crab off the north and northwest coast of Sri Lanka has added a voluntary code of conduct designed to improve its management, according to Chicken of the Sea Frozen Foods, a major buyer from the fishery.
The new code of conduct will formalize the registration of fishing operations, including the use of spatial and temporal measures to regulate fishing effort and study the impact of fishing on … Read More
For many years, Uruguay’s fishing sector was a small but productive part of the country’s economy, delivering consistent returns by focusing on the country’s abundant whitefish resources.
However, by the 2000s, Uruguay’s whitefish production was facing increased worldwide competition, according to Santiago Caro Ros, a communications and institutional relations specialist with DINARA-MGAP, a governmental body with oversight… Read More
Brad Bodenman is planning to retire as chief financial officer of American Seafoods Group in September 2017, the company said in a statement.
Bodenman has worked at Seattle, Washington, U.S.A.-based American Seafoods, a harvester and processor of Alaska pollock, Pacific whiting, Pacific cod and yellowfin sole, for the past 15 years.
“American Seafoods has been extremely fortunate to have someone of Brad’s caliber through a period of s… Read More
The European Union has granted of Generalized System of Preferences (GSP+) status to Sri Lanka by the end of May, eliminating tariffs of Sri Lankan goods entering the European market and providing a boost to the island nation’s seafood exports.
Sri Lanka lost GSP+ status in 2015 when it received a red card from the E.U. for its failure to address issues surrounding illegal, unreported and unregulated (IUU) fishing. The red card also prohibi… Read More
Industry veteran Bob O’Bryant has been named as the replacement for Pat Rogan as the head of Cannon Fish Company (CFC), the seafood processing and marketing firm owned by the Aleutian Pribilof Island Community Development Association (APICDA).
APICDA is one of six Western Alaska Community Development Quota (CDQ) corporations established in 1992. The group controls a portion of Bering Sea and Aleutian Islands quotas for groundfish, halibut a… Read More
A lawsuit claiming a price-fixing conspiracy between the so-called “big three” U.S. canned tuna companies – Bumble Bee Foods, StarKist and Tri-Union Seafoods, which owns Chicken of the Sea – has been amended to widen the scope and timeline of when the alleged illegal activity occurred.
The lawsuit, filed by major retailers including Walmart, SuperValu, Wegmans, Kroger, Albertsons, Hy-Vee, Publix, and Meijer, among others, … Read More
Japanese conglomgerate Nippon Suisan Kaisha, better known as Nissui, has shuffled its management, as current president Norio Hosomi has been named the company’s chairman, while Shinsuke Ohki has been promoted to president.
The changes will go into effect 28 June, according to a Reuters report, citing a company document.
The firm, based in Tokyo, is one of the world’s largest seafood traders, and owns Gorton’s, a U.S. frozen seaf… Read More