South Korean food conglomerate Dongwon Group said today it will buy U.S. canned tuna company StarKist to expand Dongwon's market presence in the United States and South America.
According to a Reuters report, Dongwon will hold a news conference on Thursday to announce the acquisition of "slightly" more than $300 million.
Del Monte Foods Co. of San Francisco acquired StarKist in 2002 and recently announced plans to explore a sale of its… Read More
The environmental group Oceana said yesterday that bluefin tuna fishing in the Mediterranean continues despite the European Commission's decision last week to halt this year's Mediterranean and eastern Atlantic bluefin tuna harvest to prevent overfishing.
Vessels flying the flags of Cyprus, France, Greece, Italy and Malta were prohibited from catching bluefin tuna as of June 16, and a ban for Spanish vessel went into effect yesterday. The… Read More
A Network of Aquaculture Centers spent a week in Vietnam recently to complete its second evaluation to create a reliable data for the industry. During the inspection, the team tested survey questions designed on its previous evaluation trip in May. The data will be used to implement a program called "Development of Better Management Practices for Catfish Aquaculture in the Mekong Delta."
Simon Wilkinson, communication manager of the Network… Read More
Judges on last night's episode of "The Next Food Network Star" selected contestant Kelsey Nixon's recipe for White Chocolate Macadamia Crusted Tilapia to be featured on Red Lobster's "Today's Fresh Fish" menu. One of the judges was Michael LaDuke, Red Lobster's senior executive chef. The restaurant will begin offering the item today at all locations.
"Kelsey's recipe is an innovative, flavorful take on simple fresh fish- the unique ingredient… Read More
Last week the Papua New Guinea Sustainable Development Program Co. Board pledged U.S.$7.33 million for its Western Province Sustainable Aquaculture program, which is designed to provide social development and sustainable export income for the Western province community. Within the next decade, annual revenue generated from the program is estimated to exceed $3.66 million, according to Pacific Magazine.
The aquaculture funds started the Daru… Read More
Sea Star Seafood Corp. of Marlborough, Mass., announced today that it was named Kroger's Seafood Supplier of the Year.
Kroger is the nation's second largest food retailer, trailing only Wal-Mart, according to the Food Marketing Institute. The Cincinnati-based supermarket company - whose banners include Ralph's, Fred Meyer's, QFC, Smith's Dillon, Fry's, King's Sooper and Food 4 Less - posted 2007 sales of more than $65 billion and operates… Read More
Three days after releasing reports ranking U.S. and Canadian retailers by their sustainable seafood purchasing policies and urging them to stop selling species on its "red list," Greenpeace is watching "closely" to see how retailers react to the reports, says Greenpeace spokesman John Hocevar.
"[Though] many supermarkets [chains] have focused their sustainability initiatives in other areas, such as reducing their waste streams or their… Read More
Sens. Daniel Inouye (D-Hawaii), Ted Stevens (R-Alaska), Maria Cantwell (D-Wash.), Olympia Snowe (R-Maine) and John Kerry (D-Mass.) today introduced a bill to reauthorize, for a tenth time, the National Sea Grant College Program.
A partnership between the National Oceanic and Atmospheric Administration and university-based programs, the National Sea Grant College Program provides education, training and technical assistance programs that… Read More
Oxfam America, a Boston-based organization committed to end global poverty and hunger, has been working with Can Tho University in Vietnam to rehabilitate mangrove forestry along the Mekong Delta. To get around rampant logging, the project offered to provide communities with aquaculture skills.
The project started three years ago when Can Tho proposed its plan to recreate mangrove forests to create a natural defense against common weather… Read More
South Korean food conglomerate Dongwon Group is seeking to take over StarKist Foods, one of the biggest U.S. canned tuna suppliers, from Del Monte Foods Co. of San Francisco.
"We are negotiating terms of the takeover with Del Monte," Park In-koo, Dongwon’s vice chairman, told reporters today, adding that seven to eight companies are bidding for StarKist.
Del Monte, which acquired StarKist in 2002, confirmed the report in a statement… Read More