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
As part of its strategy to expand and grow its procurement department in 2017, Santa Monica Seafood has appointed Dave Harrison as its new vice president of procurement.
In his new role, Harrison will spearhead employee development and training programs; lead supplier management efforts; conduct strategic purchasing; oversee supplier negotiations and contracting; assist in the development of supply management systems, procedures and analyti… Read More
Retail and restaurant buyers who want in on the first Copper River salmon of the season are paying record prices this year.
While the first Alaskan salmon of the season, which started 18 May, is always coveted by buyers and consumers willing to pay top dollar, this year’s perfect market conditions have caused all-time highs of around USD 8 (EUR 7.12) per pound at the dock for sockeyes and between USD 10.50 (EUR 9.35) and USD 11.15 (EUR 9.92… Read More
Luke’s Lobster and its partners among the Tenants Harbor Fishermen Co-op opened the doors to the company’s only Maine-based restaurant for its second season on Saturday, 20 May, getting back to the roots – and the unique culture – at the heart of the predominantly city-centered seafood business.
Luke Holden, the founder and CEO of Luke’s Lobster, joined Maine Governor Paul LePage and several fishermen involved i… Read More
Increased frozen and chilled seafood sales helped Lion/Gem Luxembourg 3, the parent company of Young’s Seafood Limited, realize sales growth in its fiscal second quarter.
The company reported turnover of GBP 131.6 million (USD 171.5 million, EUR 153 million), compared to GBP 128.8 million (USD 159 million, EUR 142 million) in the first quarter, and EBITDA of GBP 5.3 million (USD 6.9 million, EUR 6.2 million) compared to GBP 3 m… Read More
A group of nearly 200 biology students donned lab coats and embarked on a trip to New Zealand’s Cawthron Aquaculture Park to participate in a series of mussel biology workshops.
As part of the workshop program, the secondary school students were given access to state-of-the-art Nelson Marlborough Institute of Technology (NMIT) laboratory facilities, and were able to vie for NCEA credits by conducting self-led experiments with mussels.… 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
Investors are being promised “wealth and riches” if they back a chain of seafood distribution stores seeking to expand in China.
Bolaixian, which also uses an English name ‘iSeafood’ on its logo, is a subsidiary of Blue Ocean (Canada) Foods, which appears to be a Chinese-run operation registered in British Columbia, Canada. Bolaixian’s headquarters is based in Jinan, in the major seafood production and processing reg… Read More