Supply & Trade
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Seafood from Southeast Asia is the feature of a large new seafood market in China’s tropical holiday island of Hainan.
The Southeast Asia Seafood City opened with some fanfare recently and even made the pages of the People’s Daily. The normally staid official paper of the Communist Party featured an article praising the “plump shellfish,” “luxurious sea fish,” and “thriving plump shrimp” on sale at… Read More
A warming climate has opened up a new shipping passage that may allow Russian seafood companies to bypass a national rail transportation system overwhelmed by high cargo volumes and quarrels over pricing.
Systemic problems in Russia’s rail system and its ability to transport the country’s domestically-caught seafood over the vast distances between the Far East to the country’s metropolitan areas are leading Russians to explore… Read More
The day after U.S. and Canadian government officials announced a deal on a new trade agreement, seafood industry leaders from the neighboring countries expressed optimism about the accord, albeit with some uncertainty as they still pore over the details.
Canada’s participation, which was confirmed late in the evening of 30 September, means a new deal will replace the North American Free Trade Agreement, the accord governing trade… Read More
The four candidates in the race to become the next governor of the U.S. state of Maine will attend a 4 October forum to discuss the state’s seafood industry.
Taking place at 5 p.m. on Thursday, 4 October, the “Seafood Industry Gubernatorial Forum” will bring together Janet Mills, the Democratic nominee; Republican Shawn Moody; and independents Terry Hayes and Alan Caron at The Strand Theatre in… Read More
The owner of a United States seafood supplier was sentenced to two years in prison and ordered to pay nearly USD 1.5 million (EUR 1.3 million) for his part in an illegal sea cucumber harvesting scheme.
Hoon Namkoong, owner of Orient Seafood Production of Fife, Washington, admitted to conspiring with others to underreport the amount of sea cucumbers they purchased for processing by approximately 250,000 pounds, Annette L. Hayes, U.S. Attorney for… Read More
A proposal by the New England Fisheries Management Council on 25 September to make large changes to the herring fishery could lead to many Maine, U.S.A.-based lobstermen to sit out the next season.
The NEFMC’s Amendment 8, which was in the works for years, will lead to multiple changes to the region’s herring fishery. Boats using midwater trawl gear will be banned from within 12 nautical miles, and a new control rule was… Read More
The owner and president of Newport News, Virginia, U.S.A.-based seafood company Casey’s Seafood pleaded guilty to selling recalled foreign crabmeat as Chesapeake blue crab in a multimillion dollar scheme.
At a federal court hearing in Norfolk, Virginia, this week, Casey’s Seafood owner James R. Casey pleaded guilty to mislabeling around USD 4.3 million (EUR 3.7 million) worth of crabmeat.
Casey faces up to five years in prison for… Read More
An executive with a Chinese seafood conglomerate has accused U.S. lobster companies of dumping their products on other Asian markets at steep discounts.
Jack Liu, the Halifax, Nova Scotia, Canada-based, North American president of Chinese seafood company Zoneco, which owns the lobster-focused Capital Seafood, told the Canadian Broadcasting Company the dumping was a response to newly-imposed tariffs closing off the Chinese market to U.S.… Read More
Thai Union Group subsidiary Européenne de la Mer has proposed the sale or closure of Dingwall, Scotland-based business The Edinburgh Salmon Company Ltd (ESCo), in light of the firm’s continued heavy losses.
Market conditions and industry trends have dealt ESCo a challenging hand as of late, with ongoing reviews, significant investment, and structural changes doing little to alleviate the strain for the firm, according to… Read More
Welcome to Part 2 of this year’s SeafoodSource Top 25 North American Seafood Suppliers list, featuring the top 10 seafood suppliers in North America, as ranked by SeafoodSource. Part 1, featuring the 25th- through 11th-ranked suppliers, was published on Monday, 24 September, 2018.
If 2017 was the year of the upstart, 2018 was the year of the status quo.
For all the change that has come to the world since the inauguration of U.S. President… Read More