Dongwon Group cancelled a press conference in Seoul, South Korea, today announcing its acquisition of the StarKist canned tuna brand from Del Monte Foods Co. of San Francisco.
The press conference was delayed due to "some differences between the two sides," a Dongwon official told the Asia Pulse news wire, declining to elaborate.
The official did not tell Asia Pulse when Dongwon will announce the deal.
News surfaced earlier this week… Read More
ZyGem Corp. and Diagnotec S.A. have entered into an agreement to produce molecular diagnostics for detecting infectious pancreatic necrosis virus (IPNV), a deadly pathogen that attacks salmon and other fish species.
IPNV is a highly contagious virus that is on the rise at fish farms, namely in Chile, Norway and Scotland. The virus can be easily transmitted through infected water, eventually affecting both farmed and wild fish. Molecular… Read More
A long-term shift in consumer food-purchasing behavior is occurring due to unfavorable economic conditions, such as rising fuel prices and the ailing housing market, speakers at the Restaurants 2008: Trends and Directions Conference in Chicago said yesterday.
"Higher menu prices have definitely had an impact, although consumers don't appear to blame restaurants for raising prices," said Darren Tristano, executive VP of foodservice consultant… Read More
Darden Restaurants of Orlando, Fla., yesterday posted higher fourth-quarter profits for fiscal 2008, boosted by Olive Garden, which continued to attract casual diners in the weak economy, and lower costs that helped increase operating profit at Red Lobster.
Chief Operating Officer Drew Madsen said in a statement the quarter and fiscal year had been "challenging," but added the company's brands outperformed the industry.
However, U.S.… Read More
A study by a British Columbia researcher suggests sea lice generated by open-net salmon farms can be just as deadly to larger fish as they are to juveniles.
The study, conducted by Simon Fraser University doctoral candidate Brendan Conner, shows sea lice can transfer from infested salmon fry to coho salmon or cutthroat trout that prey upon them.
The study, published in the online science journal Biology Letters, showed lice on juvenile… Read More
The Bangladesh Shrimp Cultivators Association's Satkhira District held a press conference last week to discuss the shrimp industry's declining profits. Association President Dr. Aftabuzzaman reported that many shrimpers in Satkhira have lost interest in shrimp farming and have abandoned their farms to earn money elsewhere.
During the conference, the association requested that the government allow farms to export their products directly… Read More
The U.S. Supreme Court yesterday cut the $2.5 billion punitive damages award in the 1989 Exxon Valdez oil spill to just over $500 million.
The court declared that punitive damages collected from Exxon Mobile Corp. should not exceed the actual damages from the environmental disaster, which were about $507 million.
About 33,000 Alaskans, including commercial fishermen, Native Alaskans, landowners, businesses and local governments, are in… Read More
Thai shrimp farmers have asked the government for clearer policy and more support to revive black tiger shrimp farming, claiming the industry would benefit from a more sustainable income than white shrimp.
Five years ago, black tigers contributed more than 85 percent of the total shrimp export volume. In 2007, the volume dropped to 23,934 metric tons, accounting for only 6.7 percent of the total exports.
White shrimp has dominated the… Read More
Australis Aquaculture has received an investment license from the Van Phong Economic Zone in Khanh Hoa Province, Vietnam, approving a 25-year lease of more than 494 acres in central Vietnam, the Turners Falls, Mass., company announced today.
The license allows Australis to establish a wholly owned operating subsidiary in Vietnam, Australis Aquaculture Limited Vietnam, which now begins development of a barramundi hatchery and offshore… Read More
State and federal fisheries managers are cutting subsistence fishing time on Alaska's Yukon River, a sign that this year's king salmon run could be one of the worst on record.
"This is really a serious situation," Russ Holder, a fisheries biologist for the U.S. Fish and Wildlife Service, told the Fairbanks Daily News-Miner on Monday. "If the run does not significantly improve, folks upriver are going to have difficulty reaching 50 percent of… Read More