News

Published on
February 21, 2019

Former employees of an East Coast Seafood lobster facility in Groton, Connecticut that was closed last month are now eligible to seek federal benefits.

According to a statement from the Connecticut Department of Labor, the U.S. Department of Labor has approved Garbo Lobster workers to apply for Trade Adjustment Assistance. TAA allows those impacted to learn new skills and get the resources needed to find new work. 

“We are

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By

Jason Holland

Published on
February 21, 2019

U.K. business Young’s Seafood has redesigned its leading frozen brand Gastro, giving it a “more contemporary look,” as part of its strategy to grow the range’s value by GBP 34 million (USD 44.3 million, EUR 39.1 million) to GBP 100 million (USD 130.3 million, EUR 114.9 million).

Announcing the move, Young’s said the new food photography and refined branding are intended to appeal to a younger, foodie audience as

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By

Christine Blank

Published on
February 21, 2019

Seattle, Washington-based Ocean Beauty Seafoods is now the United States distributor for Findus, a brand of Nomad Foods in Sweden. 

Ocean Beauty will show Findus’s fish-based range at Seafood Expo North America in Boston, Massachusetts from 17 to 19 March, and will add other Findus products in the future. The supplier will distribute a wide variety of the Findus’s seafood line, including breaded and value-added seafood,

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By

Ivan Stupachenko

Published on
February 21, 2019

A fight between Russia’s crab fishing sector at the Russian government has escalated after two damaging reports aired on national television and the government initiated a public investigation into crab magnate Oleg Khan.

Russian President Vladimir Putin has proposed reallocating 50 percent of Russia’s crab quota via an auction system. The proposal has generated an uproar in Russia’s seafood industry, with some industry

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By

Cliff White

Published on
February 20, 2019

A European Commission investigation – which was announced yesterday after E.C. officials raided Scottish and Dutch corporate offices of several seafood companies – is focused on anticompetitive practices in the Norwegian farmed salmon sector, according to SeafoodSource sources and public statements issued on Wednesday, 20 February.

European Commission investigators, along with U.K. and Dutch national competition authorities, took

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Published on
February 20, 2019

Eight environmental firms filed for an injunction against the federal government on Wednesday, 20 February, in an attempt to block five companies from conducting seismic air gun blasting in the Atlantic Ocean until a lawsuit on the matter can be settled.

The request comes as the federal government could issue permits for the blasting as soon as 1 March, after NOAA announced in December that five permits could be issued for blasting in the

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By

Christine Blank

Published on
February 20, 2019

A major United States seafood importer and processor owes its creditor more than USD 22 million (EUR 19 million), according to a new lawsuit.

Santander Bank said that Medley, Florida-based Bonamar Corp. and Argenis Contreras, who serves as the president and CEO of the company, have not paid the remaining approximately USD 22 million on a USD 25 million (EUR 22 million) loan. 

The bank and Bonamar agreed to a loan up to USD 30 million (EUR

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By

Jason Holland

Published on
February 20, 2019

In line with Oslo Stock Exchange (Oslo Børs) rules, the Norway-headquartered salmon farmer SalMar ASA has provided further details of the additional shares that it is purchasing in Arnalax AS. 

On 14 February, SalMar entered into an agreement to acquire 3,268,670 shares in the Icelandic salmon producer at NOK 55.00 (USD 6.41, EUR 5.65) per share, with the deal totaling almost NOK 180 million (USD 21 million, EUR 18.5 million). It

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By

Ben Fisher

Published on
February 20, 2019

The International Gulf of Alaska Expedition 2019 is underway, according to the North Pacific Anadromous Fish Commission, with the chartered 62-meter Russian research vessel Professor Kaganovskiy having departed Vancouver, British Columbia, Canada on Saturday, 16 February.

The expedition is setting out to study salmon while they are at sea, rather than when they journey back to rivers and streams to spawn at the end of their lives. The study is

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By

Cliff White

Published on
February 19, 2019

The European Commission has confirmed it carried out unannounced inspections on the morning of Tuesday, 19 February at the premises of several companies involved in the farmed Atlantic salmon sector in Europe.

In a statement, the E.C. said it “has concerns that the inspected companies may have violated E.U. antitrust rules that prohibit cartels and restrictive business practices.”

The E.C. did not say what sparked its investigation,

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