Business & Finance
Changes in ocean conditions caused by climate change are leading to investors to abandon the mariculture sector, warned Cui He, the secretary general of the China Aquatic Products Processing and Marketing Association (CAPPMA), at a recent aquaculture conference.
In response, CAPPMA, China’s leading seafood industry representative body, will be ramping up research efforts into the impacts of climate change, through a project based on the Yel… Read More
Ocean Garden Products has formed a partnership with Guolian Aquatic to market Ocean Garden’s Mexican wild-caught and farm-raised shrimp in China.
Ocean Garden, based in San Diego, California, U.S.A., is a private seafood import, export, and sales company specializing in premium- and standard-grade wild and farmed Mexican white and brown shrimp. The company also handles farm-raised Asian shrimp, and wild shrimp caught in U.S. waters, offered… Read More
Maritech, a Norwegian traceability and business software developer, has hired Christa Ingalls as the company’s new business development manager for North America.
The company said the hire is part of a commitment to strengthen its presence in North America.
“We are very excited to welcome Christa Ingalls to Maritech,” Maritech Managing Director Blair Shelton said in a press release. “Her in-depth industry savvy and m… Read More
The U.S. subsidiary of Japanese corporate giant Mitsui has purchased a stake in New York City, U.S.A.-based Mark Foods.
Founded in 2002, Mark Foods focuses on the import and distribution of premium seafood, with around 95 percent of its products being wild-caught. It is one of the leading U.S. suppliers of Chilean sea bass, also known as Patagonian toothfish. Mark Foods CEO Barry Markman will retain his position and his role as the controlling sh… Read More
Reykjavik, Iceland-based Iceland Seafood International is acquiring Oceanpath Seafood Limited, the largest fresh seafood processor and retail supplier in Ireland.
The deal, in which ISI agreed to purchase 67 percent of the outstanding shares of Dublin, Ireland-based Oceanpath for between EUR 12.4 million and 13.4 million (USD 15.3 million and 16.6 million), was finalized on 13 March.
“The acquisition of Oceanpath continues ISI’s strat… Read More
Former Basic Fisheries owner George Estudante was sentenced to a year and one day in federal prison after being found guilty of tax fraud last year.
In December 2017, Estudante pleaded guilty to two counts of failing to file tax returns and one count of filing a false tax return for his business’ income. Estudante, who is 57, was sentenced on Wednesday, 14 March.
As part of his sentence, the former New Bedford, Massachusetts-based seafood w… Read More
The former director of sales for National Fish and Seafood and the former chief financial officer of Sea Star Seafood Corporation pleaded guilty to bank fraud in relation to Sea Star, in federal court in Boston, Massachusetts, U.S.A. on 12 March.
James R. Faro, 61, who was director of sales for Gloucester, Massachusetts-based National Fish and Seafood until recently – and was the former owner and president of the now-defunct Sea Star Seafoo… Read More
China’s international fishing sector is being represented at China’s annual week-long National People’s Congress by the boss of the Hong Dong Long Distance Fishing Company.
The company’s head, Lan Ping Yong, is an official delegate at the congress, which is sitting the week of 12 March in Beijing.
In a hint to the political influence enjoyed by fishing companies, Lan Ping’s company celebrated his elevation with… Read More
Chris Ruettgers, who served a seven-year stint at Icicle Seafoods until soon after it was bought by Cooke Aquaculture in 2016, has been hired as the president of New York City, U.S.A.-based Mark Foods.
Mark Foods CEO Barry Markman confirmed the hire in an email to SeafoodSource. He said the company will make an official announcement on Friday, 16 March.
Ruettgers was named Icicle’s CEO in 2015 after five years as executive vice president of… Read More
Santa Monica Seafood is expanding into the U.S. Southwest with its purchase of Seattle Fish Company of New Mexico, announced 9 March.
The acquisition will allow the Rancho Dominguez, California, U.S.A-based seafood distributor to expand into New Mexico and West Texas. Seattle Fish Company of New Mexico, based in Albuquerque, New Mexico, offers a range of Marine Stewardship Council-certified seafood to foodservice and retail outlets in the U.S. So… Read More