Facing higher tariffs and an unfriendly trading atmosphere, China is no longer a viable market for seafood from the U.S. state of Alaska. So the Alaska Seafood Marketing Institute, the promotional board for Alaska seafood, is turning to Southeast Asia and Latin America as alternative options.
In late March, ASMI Global Marketing and Strategy Senior Director Hannah Lindoff told the Alaska House Fisheries Committee her organization has opened a… Read More
The U.S. and Russia are each moving to investigate opening up commercial fisheries in the Arctic, following fish stocks that have shifted northward due to climate change.
Currently, there is a ban on fishing in the Arctic, after nine nations and the European Union signed the Central Arctic Ocean Fisheries Agreement – officially known as Agreement to Prevent Unregulated High Seas Fisheries in the Central Arctic Ocean – in 2018. After… Read More
S2G Ventures, an investment firm focusing on climate change, human health, and planet health, has launched a USD 300 million (EUR 276 million) “special opportunities fund,” to provide flexible financing for companies working to create a positive long-term social and environmental impact.
S2G now has more than USD 2 billion (EUR 1.8 billion) under management, to be dedicated to investments in the food, agriculture, ocean, and clean… Read More
Inflation and higher interest rates are straining private-equity funds that used leveraged buyouts to buy into the food and beverage market in recent years.
Private-equity funds purchased 786 companies in the food and beverage space in 2021 for a combined USD 32 billion (EUR 29.5 billion). The total sunk to USD 9.7 billion (EUR 8.9 billion) through the first 11 months of 2022, according to S&P Global Market Intelligence, in part due to… Read More
The U.S. Department of the Interior has arrived at a settlement of a lawsuit demanding it certify Mexico as not adequately protecting the critically endangered totoaba and vaquita porpoise.
The lawsuit, which was filed in 2020 in the U.S. Court of International Trade by the Center for Biological Diversity, the Natural Resources Defense Council, and the Animal Welfare Institute, demands the U.S. government certify Mexico under a U.S. law called… Read More
The fire department in Tacoma, Washington, U.S.A. has issued a temporary shelter-in-place order following a fire onboard the Trident Seafoods catcher-processor Kodiak Enterprise.
The fire began around 3 a.m. on the morning of Saturday, 8 April, and progressed throughout the ship over the next 30 hours. The vessel remains ablaze and has advanced to approximately 100 feet from the vessel’s freon tanks, which contain 19,000 pounds of the… Read More
Following SalMar’s acquisition of NRS in November 2022 and then NTS in December 2022, it has sold off NRS’ trading arm – now redundant – to Urk, Netherlands-based Visscher Seafood.
SalMar announced the sale of the Kristiansand, Norway-based export sales office, which has 30 employees, in its Q4 2023 results presentation in February 2023, and the acquisition was confirmed by Visscher Seafood in March.
“Visscher… Read More
Chinese conglomerate Nisun International Enterprise Development Group Co. has announced an expansion into the seafood industry.
The Wenzhou, China-based provider of integration solutions for the technology, industry, and finance sectors, announced on 7 April, 2023, its affiliate, Fanlunke Supply Chain Management (Shanghai) Co. has entered into an agricultural trade management services agreement with Shenzhen Gongsheng Grain, Oil, and Food Import… Read More
Bangkok, Thailand-based Charoen Pokphand Foods celebrated the grand opening of Homegrown Shrimp USA, a recirculating aquaculture system shrimp farm in Indiantown, Florida, U.S.A., on 30 March, 2023.
Homgrown Shrimp’s 80,000-square-foot indoor facility is equipped with 40 circular production tanks and eight tanks to recycle water and collect solid wastes, as well as a state-of-the-art water recirculation system, giving it full control of… Read More
The Pacific Fishery Management Council voted on Thursday, 8 April to recommend the closure of the 2023 commercial chinook salmon fishery from the northern coast of the U.S. state of Oregon to the Mexico border.
The U.S. National Marine Fisheries Service is likely to accept the recommendation, which will go into effect prior to the season’s start in mid-May, according to a statement issued by the California Department of Fish and… Read More