News

By

SeafoodSource staff

Published on
March 5, 2008

March 5, 2008 - Chile has declined to extend the term of the head of its National Fishing Service (SERNAPESCA), which oversees the country's fisheries and aquaculture operations, the Santiago Times reported yesterday.

Ines Montalva was under pressure for the way she handled last year's outbreak of infectious salmon anemia, which has stymied Chile's salmon-farming industry. She was replaced this week with Felix Inostroza Cortes.

Some members

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By

SeafoodSource staff

Published on
March 3, 2008

Gorton's Seafood of Gloucester, Mass., on Saturday announced a voluntarily recall of a frozen seafood product due to possible adulteration.

A Pennsylvania woman and her two children reported finding pills in Gorton's fish fillets. The incident appears to be isolated and no illnesses have been reported. Gorton's is taking this action as a precautionary measure.

The following product is subject to recall: Gorton's 6 Crispy Battered Fish Fillets

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By

SeafoodSource staff

Published on
March 3, 2008

Bonefish Grill was the sixth fastest growing restaurant chain in 2007, according to foodservice consulting agency Technomic of Chicago.

The Tampa, Fla., seafood chain's sales increased 24 percent in 2007 to $406 million. The company operates more than 120 restaurants in 30 states.

However, the 500 largest U.S. restaurant chains registered slower growth rates, posting 5.1 percent annual sales growth last year versus 6.1 percent in 2006.

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By

SeafoodSource staff

Published on
March 3, 2008

A New Canaan, Conn., private equity firm has filed a lawsuit against Landry's Restaurants, claiming it was coerced into overpaying for Joe's Crab Shack. JCS Holdings, formed by J.H. Whitney Capital Partners, acquired 120 of the casual seafood restaurants from the Houston company for $192 million in October 2006.

The suit, filed in a Houston state district court on Feb. 15, alleges that Landry's misrepresented the restaurants' financials,

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By

SeafoodSource staff

Published on
March 3, 2008

A World Trade Organization panel on Friday ruled that the U.S. practice of collecting cash deposits in the form of bonds from Thai and Indian shrimp exporters subject to tariffs violates international trade law. U.S. Customs and Border Protection enacted the practice in mid-2004 to curb tariff evasion.

Also on Friday, the WTO's Dispute Settlement Body ruled that the U.S. practice of "zeroing" is illegal, agreeing with Thai shrimp exporters that

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By

SeafoodSource staff

Published on
February 29, 2008

February 29, 2008 - The World Wildlife Fund's Tilapia Aquaculture Dialogue, which met on Wednesday after the International Boston Seafood Show, is expected to release draft certification standards in about two months, said Jose Villalon, director of the WWF's U.S. aquaculture program.

Tilapia will be the first of the WWF's Aquaculture Dialogues, which comprise seven species or groups of species - tilapia, pangasius, catfish, salmon, trout,

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By

SeafoodSource staff

Published on
February 29, 2008

February 29, 2008 - Keith Crane reports for SeafoodSource from Guangdong Province, China Fish farmers across China are measuring the cost of the worst winter weather in 50 years, with new estimates putting the industry's losses at more than US$1.4 billion and prices rising sharply as a result.

Five weeks of blizzards and unusually low temperatures across what are usually temperate parts of the country have decimated stocks and breeding

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By

SeafoodSource staff

Published on
February 29, 2008

Thai Union Frozen Products expects its revenues to increase 12 percent this year due to higher sales and tuna prices, Thailand's largest seafood company announced yesterday.

Thai Union's 2007 sales jumped 11 percent to $1.61 billion. But in baht terms, 2007 sales grew only 1 percent to 55.51 billon baht, while revenues also rose just 1 percent to 56.07 billion baht.

"After all, 2007 was considered a good year in terms of sales," Thai Union

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By

SeafoodSource staff

Published on
February 29, 2008

The Joint Ocean Commission Initiative on Wednesday released its third annual U.S. Ocean Policy Report Card assessing the nation's progress in 2007 toward implementing the recommendations of the U.S. Commission on Ocean Policy, the Pew Oceans Commission and the Bush administration's U.S. Ocean Action Plan.

The nation's overall grade inched up to a C in 2007 from a C-minus in 2006. But the report card, which is intended to inform policy makers

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By

SeafoodSource staff

Published on
February 28, 2008

A video game inspired by the hit cable-TV show "Deadliest Catch" will be launched in April for PCs and the Xbox 360® gaming console.

The release of the game coincides with the premiere of the showâ??s fourth season on the Discovery Channel. The show draws an estimated 3 million viewers each week.

"Deadliest Catch Alaskan Storm" is an immersive experience that puts gamers at the helm of one of the world's most dangerous professions - that

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