Supply & Trade

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Published on
October 19, 2017

U.S. officials accused of allowing red snapper to be overfished in the Gulf of Mexico have called on a federal judge to enter a summary judgement in their case, saying the environmental organizations suing them have a moot point.

The rule challenged by Ocean Conservancy and the Environmental Defense Fund to extend the recreational fishing season has already expired, said Jeffrey Wood, the acting assistant attorney general for the Environmental an… Read More

By

Gao Fu Mao

Published on
October 19, 2017

A leading Thai tuna industry figure has warned against trade wars between Thailand and Western partners, including the United States. 

Chanintr Chalisarapong, president of the Thai Tuna Industry Association, addressed a recent visit to Thailand by a delegation of U.S. exporters, which SeafoodSource joined. Also in attendance were representatives of the Thai Frozen Foods Association and the Fisheries Committee of the Thai Chamber of Commerce.… Read More

By

Madelyn Kearns

Published on
October 19, 2017
Canned seafood

The global canned seafood market is projected to surpass USD 27.8 billion (EUR 23.4 billion) by 2025, with a compound annual growth rate of 3.2 percent, according to new analysis from Grand View Research Inc. 

Driving the estimated growth is increased demand for processed food, which facilitates ease of consumption – a top priority for the modern consumer, the research firm revealed. Moreover, the healthy components of canned seafood, … Read More

By

Gao Fu Mao

Published on
October 18, 2017

One of China’s leading fishing companies has booked more than CNY 100 million (USD 15.1 million, EUR 12.8 million) in government subsidies for 2017. 

CNFC Overseas Fishery Co., Ltd announced to its shareholders that the payment was received and would have a “material effect” on the firm’s profits for the year.

CNFC badly needed a break after seeing the price of its shares collapse from CNY 14.00 (USD 2.11, EUR 1.80) i… Read More

By

Cliff White

Published on
October 17, 2017

Recently released data from the state of Maine’s mussel fishery show harvesters collected their lowest total amount of the shellfish in the past 40 years.

Maine’s combined total of wild-caught and farmed mussels totaled less than 1.8 million pounds in 2016, the least since 1976 and continuing a slide in production that has been ongoing since the early 2000s, according to the Associated Press.

In the 1980s and 1990s, Maine’s muss… Read More

By

Brian Hagenbuch

Published on
October 17, 2017

Pacific cod numbers in the Gulf of Alaska are at all-time lows, according to early looks at data collected from the 2017 summer survey.

Steve Barbeaux, a fisheries biologist for the Alaska Fisheries Science Center in Seattle, said scientists believe that the warm water mass known as the blob may be responsible for the low numbers.

“It seems that this warm water that occurred that we’re calling the blob may have increased natural morta… Read More

By

Christine Blank

Published on
October 17, 2017

With a significant presence in hurricane-ravaged Puerto Rico, Miami, Florida-based supplier and distributor Quirch Foods is stepping up its efforts to help the island’s residents and get its business back up and running.

Hurricane Maria, which made landfall on Puerto Rico on 20 September, destroyed hundreds of homes and businesses and knocked out power throughout the island. Maria followed on the heels of Hurricane Irma, which hit Puerto Ri… Read More

By

Gao Fu Mao

Published on
October 16, 2017

With one of China’s key festivals approaching there’s good news for crab exporters with a reported shortage in premium local supply. Data from the Suzhou Yangcheng Lake Fisheries Management Committee which projects a year-on- year rise of up to 20 percent for the average Yangcheng crab prices.

Volumes of Yangcheng Lake hairy crab – the season for fishing the lake opened last week – are down four percent due to shrinking aq… Read More

By

Mike Urch

Published on
October 16, 2017

Sales of Vietnamese pangasius to two of the country’s most important export markets, the European Union and the United States, are in sharp decline. European importers will not pay more than rock-bottom prices for IQF pangasius fillets, and the U.S. market has become unstable and protectionist, according to the Vietnam Association of Seafood Producers and Exporters (VASEP).

Pangasius producers in Vietnam are therefore seeking to improve sal… Read More

By

Christine Blank

Published on
October 12, 2017

Philippines-based RD Corporation, a major tuna supplier and processor, had made a commitment to catching MSC-certified free-school skipjack and yellowfin tuna.

RD recently signed a memorandum of understanding with global tuna marketing company Pacifical, which represents the eight countries belonging to the Parties to the Nauru Agreement (PNA), that will see it increase its supply of MSC-certified tuna.

“This new cooperation is a major step… Read More