News

By

SeafoodSource staff

Published on
June 18, 2008

The National Fisheries Institute is warning U.S. retailers to be prepared for Greenpeace demonstrations publicizing the reports it released yesterday evaluating U.S. and Canadian retailers' sustainable seafood purchasing policies.

The reports are part of a sustainable seafood campaign the eco-activist group launched earlier this year.

After introducing a similar campaign in Europe, Greenpeace activists protested at supermarkets, unfurling

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By

SeafoodSource staff

Published on
June 17, 2008

Greenpeace today released a 56-page report criticizing Canadian retailers for failing to implement adequate sustainable seafood purchasing policies and thus protect the marine environment.

Titled "Out of Stock: Supermarkets and the Future of Seafood," the report targets Canada's eight largest supermarket chains - Loblaws, Sobey's, Metro, Wal-Mart, Costco, Safeway, Overwaitea and Federated Cooperatives - for selling "red list" species that are

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By

SeafoodSource staff

Published on
June 17, 2008

Marine Harvest ASA, the world's largest farmed-salmon company, today announced that Arne Sorvig will become VP of communication as of August.

Sorvig has been director for the Norwegian Seafood Export Council in Spain for the last six years and is a major contributor to the recent success Norwegian seafood has had in the Spanish market.

The Norwegian company says Sorvig's culinary and marketing experience will be a valuable asset in the

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By

SeafoodSource staff

Published on
June 17, 2008

Supervalu, Trader Joe's, Meijer, H.E. Butt, Price Chopper and Publix are among the 20 U.S. supermarket chains at the bottom of a list Greenpeace released today ranking retailers according to their sustainable seafood purchasing policies.

In the report, titled "Carting Away the Oceans: How Grocery Stores are Emptying the Seas," the eco-activist group says most retailers aren't doing nearly enough to implement sustainable seafood purchasing

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By

SeafoodSource staff

Published on
June 17, 2008

Landry's Restaurants yesterday announced it agreed to allow CEO Tilman Fertitta to acquire the remaining 61 percent stake in the Houston-based restaurant and hospitality company.

Under the terms of the deal, Fertitta Holdings Inc. will buy Landry's for $21 per share in cash.

Fertitta submitted his original bid of $23.50 per share in late January and lowered the offer in April, citing the deteriorating credit market.

To fund the deal,

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By

SeafoodSource staff

Published on
June 16, 2008

Shells Seafood Restaurants turned a profit in the first quarter of 2008, even though same-restaurant sales tumbled 15.6 percent.

The Tampa, Fla.-based casual seafood chain on Friday reported earnings of $119,588 on revenue of $10.7 million, compared with earnings of $34,926 on revenue of $13.4 million for the same period last year.

Shells was able to turn a profit by reducing administrative costs by cutting salaries and bonuses. The chain

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By

Steven Hedlund

Published on
June 16, 2008

The Marine Stewardship Council's on-again, off-again relationship with aquaculture came to an end Monday when it announced that its board of trustees decided not to pursue adding farmed seafood to its sustainable seafood certification program.

The London-based nonprofit has been on the fence about aquaculture for years. In November 2006, its board voted not to include farmed seafood in its certification program. Then in February, it reneged,

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By

SeafoodSource staff

Published on
June 16, 2008

The New York State Department of Environmental Conservation (DEC) last week arrested the owners of NK Seafood Group, a Brooklyn-based seafood wholesaler, on felony charges for the alleged illegal sale of more than $4,000 worth of seafood.

On three separate occasions, law enforcement officers seized illegal seafood from the company's warehouse, including untagged surf clams; lobsters, blackfish and fluke shorter than the legal size limit;

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By

SeafoodSource staff

Published on
June 13, 2008

The Newfoundland and Labrador government is providing nearly $8 million in financial support for a new salmon farming operation on the province's south coast.

Gray Aqua Group of New Brunswick will establish a $16 million, four-site operation in the Bay d'Espoir region, according to a Canadian Press report.

The Newfoundland government is providing $7.8 million - a loan guarantee of $6.8 million and an equity investment of $1 million.

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By

SeafoodSource staff

Published on
June 13, 2008

The National Oceanic and Atmospheric Administration yesterday canceled the annual Atlantic Clam Survey because of unexpectedly high fuel costs.

The National Fisheries Institute of McLean, Va., says it's a bad decision that could have long-term repercussions.

"Everyone is feeling the pinch of gas prices. But to cancel this survey is not like canceling a trip to the mall in your SUV in order to save a few bucks," says NFI President John

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