Vinh Hoan CEO Ngo Vi Tam Nguyen is excited about the opportunities opening up in global markets for pangasius, her company’s premier product.
Many countries have banned the importation of Russian products as a result of that country’s invasion of Ukraine, creating shortages of cod, haddock, and pollock.
The opportunity available to Vinh Hoan has materialized in the form of a contract with Nomad Foods, which owns frozen seafood brands… Read More
The banking crisis that ignited with the failure of Silicon Valley Bank on 10 March, 2023, was not among the top threats to the seafood industry listed by Megan Greene, a senior fellow at the Mossavar-Rahmani Center for Business at the Harvard Kennedy School, during her keynote address at Seafood Expo North America/Seafood Processing North America on 12 March.
But with the subsequent failure of Signature Bank the same day, and the federal… Read More
Overall U.S. seafood sales dropped in 2022, but Publix Super Markets Seafood Director Guy Pizzuti believes there’s no reason for the industry to panic.
Seafood sales in 2019 totaled USD 13 billion (EUR 12.1 billion), but rocketed up to USD 16.7 billion (EUR 15.6 billion) in 2020 and USD 16.9 billion (EUR 15.8 billion) in 2021. The drop in 2022 to USD 16.5 billion (EUR 15.4 billion) is actually not the worst news, according to Pizzuti, who… Read More
Bellevue, Washington, U.S.A.-based Peter Pan Seafood Co. has signed a letter of intent to acquire Anchorage, Alaska, U.S.A.-headquartered Trapper's Creek Smoking Co.
The acquisition includes a smokehouse facility in Anchorage and the brands Copper River Smoking Company, Alaska’s Best, Trapper’s Creek, and Eat Like a Grizzly, according to Peter Pan.
“We are very proud to add these brands, including the Copper River brand,… Read More
El Segundo, California, U.S.A.-based company and its Bangkok, Thailand-based parent firm, Thai Union, have agreed to settle price-fixing claims made in a class-action lawsuit filed a number of grocers.
The allegations stem from a criminal case in which Chicken of the Sea served as a whistleblower, which ultimately resulted in criminal convictions for rivals Bumble Bee Foods and Starkist. The civil class-action lawsuit that followed alleged… Read More
The full schedule of free, participatory events has been released for the 2023 Seafood Expo North America, taking place 12 to 14 March, 2023 at the Boston Convention and Exhibition Center in Boston, Massachusetts, U.S.A.
This year’s events schedule includes new product showcases, the annual Seafood Excellence Awards, chef demonstrations, brand and wellbeing coaching sessions, and the expo’s annual oyster-shucking… Read More
Oil spilling from a sunken tanker in the Philippines has forced thousands of local fishermen to temporarily abandon their livelihoods.
The sunken fuel tanker MT Princess Empress was carrying 800,000 liters of industrial fuel oil when it sank near Naujan, Oriental Mindoro, the Philippines on 1 March after capsizing the previous day.
Philippines Environment Secretary Maria Antonia Yulo-Loyzaga said the exact location of the sunken ship has been… Read More
Seattle, Washington, U.S.A. American Seafoods is collaborating with Fornebu, Norway-based Aion to recycle its retired midwater-trawl nets.
Founded in 2021, Aion is owned by Aker BioMarine and has attracted investment from Ocean 14 Capital. It has been working with American Seafoods, the world’s largest at-sea processor of wild Alaska pollock and Pacific hake, on a series of successful pilots to demonstrate how high-quality plastic… Read More
Class-action lawsuits have been filed against Bumble Bee Foods and Conagra Brands over sustainability claims they made for their seafood products. The separate complaints, filed in federal district courts in the U.S. states of Illinois and California, each ask for at least USD 5 million (EUR 4.7 million) in damages.
The complaints also heavily criticize the Marine Stewardship Council, alleging it “blatantly violates its own… Read More
France’s government has come to an agreement with French grocery firms that will see them lower their prices on essential food items.
On Monday, 6 March, French Finance Minister Bruno Le Maire made a joint appearance in Paris with executives from several of the country’s major supermarket chains announcing significant discounts on household items over a three-month period to help French citizens cope with surging… Read More