Business & Finance
StarKist pleaded guilty on Thursday, 18 October to fixing the prices of the canned tuna it sold in the United States between 2011 and 2013.
The Pittsburgh, Pennsylvania-based company pleaded guilty to one felony count of price-fixing, a violation of the Sherman Antitrust Act, according to documents filed in the U.S. District Court for the Northern District of California in San Francisco.
StarKist faces a fine of up to USD 100 million (EUR 87.1… Read More
Cape May, New Jersey, U.S.A.-based scallop firm Atlantic Capes Fisheries, Inc., has appointed its longtime employee, Jeffrey Bolton, as its new chief executive officer.
Bolton, 57, has served as COO of the processing, sales, and marketing subsidiary of the company since 2003 and has worked in the seafood industry for 37 years.
Atlantic Capes’ primary product is scallops, though it also harvests, processes, and markets surf clams,… Read More
Keith Kandt has joined Regal Springs AG as its new director of marketing, the company announced on 15 October.
Over the course of his career so far, Kandt has built an impressive portfolio of iconic consumer brands, including NatureSweet Tomatoes, Blue Bunny Ice Cream, Pinnacle Foods, and RB. Kandt’s brand-building expertise was a major factor in his hiring for Regal Springs, according to Dennis Roberts, the company’s executive… Read More
Marine Harvest harvested 110,000 metric tons (MT) of salmon in the third quarter of this year, representing a volume rise of 14,500 MT compared to the corresponding period of last year and 2,000 MT more than the salmon farming company’s most recent forecast for the three-month period.
According to Marine Harvest’s latest trading update, its Norwegian operations harvested 71,500 MT of salmon in the last quarter, up from 55,500… Read More
Fisk Seafood ehf. has entered into an agreement to purchase all of the shares owned by Brim hf in Icelandic fishing company Vinnslustöðin hf (VSV).
Equating to a one-third share of the total capital in VSV, the purchase price has been confirmed as ISK 9.4 billion (USD 80.7 million, EUR 70 million).
The deal has to be sanctioned by the Icelandic Competition Authority.
“The management of Fisk Seafood looks forward to… Read More
Bergen, Norway-based Marine Harvest ASA has appointed Per-Roar Gjerde as its new COO Farming for all of the company’s aquaculture operations after Marit Solberg announced her decision to retire effective 1 November, 2018.
Solberg, who is currently holds the position of COO Farming for Canada, Scotland, Ireland, and the Faroes, has had several key roles in Marine Harvest for more than three decades. Following her announcement,… Read More
Dutch shrimp firm Shore is replacing its leader, Dirk Belmans, after 10 months on the job.
Dirk De Pandelaere, the current CEO of Diversi, a Belgian company specializing in bread products, will take over as CEO on 1 November, 2018.
Shore, which is owned by Bencis Capital Partners, had sales of EUR 110 million (EUR ) in 2017 and has 311 employees. Aside from its own operations, it operates Belgian shrimp company Morubel, which itself owns German… Read More
U.K.-based biotechnology and food chain sustainability business Benchmark has acquired Videntis AS, a provider of data technology to aquaculture and agriculture producers, for GBP 300,000 (USD 388.000, EUR 338,200).
Videntis’s technology provides aquaculture producers with real-time data and feedback on feed efficiency, fish welfare, and product quality, and is expected to support Benchmark's strategy of using technology and biology to… Read More
One of China’s leading state-owned fishing firms has been on a sales drive in Russia for its shipbuilding subsidiary, as leaders in Beijing and Moscow pledge to further integrate their economies.
Liaoning Province Dalian Ocean Fishery Group Co. (also known as Liaoyu Group) has completed a trawler for clients in Magadan, the port city on the Sea of Okhotsk, and while it hasn’t been named, the client the provincial government in… Read More
Seafood holding company True World Group has hired Neil Checketts as its new vice president of food safety and compliance, the firm announced on 26 September.
In his new role, Checketts will be True World’s first group-wide food safety executive, overseeing food safety personnel and programs across the enterprise’s seafood, grocery, and restaurant companies.
True World Group, which owns diversified seafood companies and… Read More