Editorial commentaries on the domestic and global seafood industry.
A tilapia company guaranteeing a CNY 100 million (USD 15.8 million, EUR 12.9 million) loan, could at first glance, appear to outsiders like a strange decision. But then, Baiyang Industrial Investment Group Co. isn’t really a tilapia firm anymore – it got nearly half its profits in 2017 from non-seafood businesses.
Previously known as Baiyang Aquatic Group, the firm changed its name several years ago to make itself more attractiv… Read More
Nova Scotia’s CAD 1.8 billion (USD 1.4 billion, EUR 1.1 billion) seafood sector is basically all exported. A significant portion is trucked to market in New England. For the rest of the world, which includes long-standing European consumers and the growing Asian market, shipping by air is critical.
At a February appearance before a legislative committee in Halifax, Nova Scotia, representatives of the seafood industry complained that t… Read More
New Bedford, Massachusetts-based seafood supplier Northern Wind, celebrated a milestone 30-year anniversary at the 2018 Seafood Expo North America event in Boston, Massachusetts. Company founders Ken Melanson and Michael Fernandes, along with Northern Wind’s co-CEO George S. Kouri, said they look forward to blossoming the success of Northern Wind even further in the years to come.
“We’re looking forwar… Read More
A World Trade Organization (WTO) panel on 22 February upheld most of Japan’s claims challenging South Korea’s ban on importing seafood from eight Japanese prefectures and on additional radionuclide testing requirements.
Japan initially requested consultations on the matter in 2015. The slowness of the ruling was due to the complexity of the matter—Japan claimed violations of a wide range of trade rules—and due to scheduli… Read More
Seaweed is the new kale.
The buzz around seaweed products is growing louder by the day, as they make their way into mainstream grocery and club stores, and are featured on restaurant menus across the United States.The deeply nutritious greens, which are mineral-rich, contain essential amino acids, and are good sources of high-quality protein, are considered by many to be the new “superfood.” More consumers around the globe are recogni… Read More
There's a quiet revolution taking place at seafood counters across the United States.
Sensing an opening in the marketplace, grocers in the United States are branching out to new – and often more sustainable – types of seafood to boost sales in their seafood departments.
From the 17-store Busch’s chain in Michigan, to the Pennsylvania-based Acme Markets, a 179-store chain owned by Albertsons Companies, to the ubiquitous giants P… Read More
The value of bitcoin, the most well-known crypto-currency, have surged in the last few years, then peaked at the end of 2017, and are now on a roller-coaster route of ups and downs. Early investors are collecting piles of money, while other crypto-currency hucksters hawk get-rich-quick schemes.
Bitcoin may seem convoluted, obscure and detached from lived reality, existing solely in bits and bytes and serving only the techno-savvy. But there&rsquo… Read More
Washington’s House Bill 2957 currently sits on Governor Jay Inslee’s desk, awaiting his signature or veto. In the balance of his pen lies the future of the Atlantic salmon aquaculture industry in his state.
The bill bans new leases to non-native net-pen aquaculture operations and prohibits the renewal of existing leases, resulting in the phasing-out of Atlantic salmon farming in the state of Washington by 2025.
The bill emerged … Read More
The 2017 anchoveta season in Peru posted alarmingly low catch rates, with harvesters hitting only 46 percent of their annual quota. But senior executives in the industry said they aren’t worried and have weathered similar poor seasons in the past.
Elena Conterno, chair of the board of Peru's National Fisheries Society, told SeafoodSource the down season was attributable to high numbers of juvenile fish present in the fishery when the seaso… Read More
After a long delay, PT Bali Seafood International (BSI) opened its new fish processing plant in Santong, Sumbawa, Indonesia on 22 February.
BSI is a wholly-owned Indonesian subsidiary of North Atlantic, Inc. (NIA), a Portland, Maine-based supplier focused on sustainably sourced and socially responsible seafood. NAI was started by Jerry Knecht, who also heads the Bali office. The subsidiary was established in 2009 to source Indonesian tuna and oth… Read More