Tue. Feb 21 2017

Grieg Posts Record 4Q Earnings on Strong Salmon Prices, Higher Production  


Perciformes’s First Harvest of Farmed Sablefish Off To Market


Mon. Feb 20 2017

Iceland's Commercial Fishermen Resume Fishing as Labor Deal Gets Narrow Approval  


Russia's Quota Incentive Program Does Not Spur Crab Producers to Place Domestic Shipbuilding Orders  


PODCAST: India Carries US Shrimp Imports to Record; Snow Crab Prices Smash Records Before Boston  


Handy Seafood Launches Line of Value Added Oysters in Time for Boston Show


Effective Management Can Navigate Climate Impacts on the Fisheries


Seafood.com News Summary Monday February 20, 2017


Fri. Feb 17 2017

Red Chamber to Allow Federal Observers Aboard its Red Shrimp Boats in Argentina to Meet FIP Goal  


Feds to Analyze Environmental Impacts of Western Pacific Longline Fisheries for Bigeye and Tuna  


Scientists Find Extreme Forage Fish Populations are Natural, Likely Unavoidable


Sharp Increase in Iceland's Capelin Quota Could End Fishermen's Strike


Bumble Bee Adds Flavors and Launches Snack Kit Packaging to Tuna Pouch Lineup


Bojangles' Features Alaska Pollock Fish Sandwich for Lent


Great Eastern Seafood Celebrates 35 Years in Business With First Boston Show Exhibit Since 1992


Seafood.com News Summary Friday February 17, 2017


Thu. Feb 16 2017

IATTC Makes Progress on Decreasing Effort on Bigeye and Yellowfin Tunas


Seafood.com News Summary Thursday February 16, 2017


Wed. Feb 15 2017

How Alaskans Forced Snow Crab Prices Above $8.00; This Price Likely to Carry Through to Boston   (1) 


Marine Harvest Doubles Earnings in 2016; Adding Processing, Farming Sites to Grow N. American Sales  


China Update: Tilapia Processors Restart with Stable Prices; Shrimp Production Above Expectations  


HB Grandi Says Japan's Roe Market Could Benefit as Iceland Raises Capelin Quota to 299,000 MT


Second Alaska Buyback Program for Southeast Seine Permits Not Approved  


Hokkaido Crab Dealer Goes Bankrupt After Russia Tightens Crab Enforcement  


Pacific Andes Confirms Insolvency Proceedings Have Started for One Subsidiary


China's Xuzhou Jinjiangfoodstuffs Becomes First Crawfish Producer to Earn BAP Certification   (2)


Samherji-Owned Íslandsbleikja Gets Arctic Char Processing Plant in Iceland BAP Certified


US Foods Acquires Assets to Rhode Island Broadline Distributor All American Foods


Seafood.com News Summary Wednesday February 15, 2017


Tue. Feb 14 2017

Russian Fishery Co. Plans Major Pollock Expansion with Chinese Backing  


Krystal and King & Prince Seafood Partner Up to Bring Back Shrimp Po' Boys for Lent  


Fishery Tensions Rise Between China and South Korea after Korean Landings Hit Record Lows


Rain Forest Aquaculture Gets Three-Star BAP Certification at Fresh Tilapia Facility in Costa Rica


World Bank Report Says Fisheries Reform with Catch Limits Shows Promising Results


Seafood.com News Summary Tuesday February 14, 2017


Previous Week »

Titter UB Shop Youtube Facebook
Contact

Urner Barry
P.O. Box 389
Toms River, NJ 08754
1-732-240-5330

Seafood.com
8 White Pine Lane
Lexington, MA 08754 02421
1-732-240-5330, 781-861-1441


Advertising

Janice Schreiber
1-732-240-5330 ext. 280
janice@urnerbarry.com

Terence Wells
1-732-240-5330 ext. 284
twells@urnerbarry.com

Editorial

John Sackton
Editor and Publisher
8 White Pine Lane
Lexington, MA 02421
Voice: 781-861-1441
 Fax 781-533-9480
jsackton@seafood.com

Michael Ramsingh
Production Editor
182 Queens Blvd
Toms River, NJ 08754
Voice: 732-240-5330
michaelramsingh
@seafood.com


Peggy Parker
Science and Sustainability Editor
PO Box 872
Deming, WA 98244
Voice: 360-592-3116
peggyparker
@seafood.com


Support and Questions
1-800-443-5330
support@seafood.com

Subscription Info
1-800-932-0617
sales@seafood.com

Terms

License Agreement

Iceland's Commercial Fishermen Resume Fishing as Labor Deal Gets Narrow Approval

SEAFOODNEWS.COM by Michael Ramsingh - February 20, 2017

Commercial fishermen in Iceland commenced fishing on Sunday after an agreement was narrowly passed between the major fishermen’s unions and the boat owners.

The deal ends a three-month work stoppage for Iceland’s commercial fishermen that walked off the job in November. The fishermen demanded better prices of fish sold at auction compared to the fish not sold at auction; guaranteed salaries, bonus incentives; a larger budget for clothing and third party safety assessments...

Full Story »

Russia's Quota Incentive Program Does Not Spur Crab Producers to Place Domestic Shipbuilding Orders

SEAFOODNEWS.COM by Eugene Gerden - February 20, 2017

Leading Russian crab producers have failed to reach an agreement with the domestic shipbuilders, regarding the placement of orders for new crab vessels, which is required by the recently amended Russian legislation in the field of fish and seafood production, according to recent statements of an official spokesman of Russian Rosrybolovstvo.

The recent decision of the Russian government to include crabs in the "under keel" quota program (which involves placement of orders for the building of fishing trawlers at domestic shipyards in exchange of quotas’ provision) became a big surprise for domestic crab producers, which have been forced to start talks with  domestic shipbuilders, regarding with the building of ships at their capacities, amid the prospects of inevitable tighthening of competition in the sector... 

Full Story »

Grieg Posts Record 4Q Earnings on Strong Salmon Prices, Higher Production

SEAFOODNEWS.COM [SeafoodNews] February 21, 2017

Grieg Seafood announced its highest earnings ever in the fourth quarter of 2015, in a market defined by high prices and limited supply.

The Atlantic salmon farming company, with production facilities in Norway, Shetland Islands, and British Columbia, posted operating earnings of US$54.5 million compared to 4Q2015 earnings of $5 million in 2015.

They credit the record earnings from a high harvest volume of nearly 21,000 metric tons in a strong market. This compares to 15,279 metric tons in the same period in 2015, reflecting an increase of 37 percent...

Full Story »

Red Chamber to Allow Federal Observers Aboard its Red Shrimp Boats in Argentina to Meet FIP Goal

SEAFOODNEWS.COM by Michael Ramsingh - February 17, 2017

Major US seafood importer, processor and distributor Red Chamber said it will participate with Argentina’s national fisheries research institute INIDEP in a fishery observer program for the inshore Patagonian pink shrimp fishery.

Argentina’s Patagonian pink shrimp are also known as red shrimp or Pleoticus muelleri. They are a wild-caught coldwater shrimp.

The fishery is harvested in two distinct sectors: inshore and offshore. The inshore fishery is comprised of day boats that catch shrimp for four to five hours at a time. Inshore fishing occurs between November and April. 

Full Story »

Feds to Analyze Environmental Impacts of Western Pacific Longline Fisheries for  Bigeye and Tuna 

SEAFOODNEWS.COM [SeafoodNews] - February 17, 2017

HONOLULU -- The National Marine Fisheries Service (NMFS) announced on Monday that it will prepare a Programmatic Environmental Impact Statement (PEIS) on the U.S. Pacific Island deep-set tuna longline fisheries, which target bigeye tuna.

The PEIS will analyze the environmental impacts of management of deep-set tuna longliners, which operate out of Hawaii, American Samoa, and the U.S. West Coast. The need for the proposed action is to manage deep-set tuna longline fisheries under an adaptive management framework that allows for timely management responses to changing environmental conditions, consistent with domestic and international conservation and management measures.

The PEIS will be developed in coordination with the Western Pacific Fishery Management Council based in Honolulu.

Tuna longline fisheries use two distinct gear types: shallow-set vessels target swordfish near the surface and deep-set vessels target tunas deeper than 100 meters...

Full Story »

PODCAST: India Carries US Shrimp Imports to Record; Snow Crab Prices Smash Records Before Boston

Full Story »

Handy Seafood Launches Line of Value Added Oysters in Time for Boston Show

SEAFOODNEWS.COM [SeafoodNews] February 20, 2017

Handy Seafood will launch two new value-added products—Oysters Rockefeller and Oysters Casino. The products will be featured in the New Products Showcase at the Seafood Expo North America in March.

These products will be part of Handy's Oyster Collection. The products offer customers a trendy, high protein product with convenience and quality Handy said. These two products, along with several other delicious Handy products, will be featured on sampling menus at Handy’s restaurant-style booth, number 823...

Full Story »

IATTC Makes Progress on Decreasing Effort on Bigeye and Yellowfin Tunas

SEAFOODNEWS.COM [Seafood News] - February 16, 2017

Eastern Pacific fisheries managers finally reached an agreement last week on fishing for bigeye and yellowfin tunas. It took more than seven months and the measures are not without criticism, but the measures align with other international management and acknowledge excessive fishing effort may harm the tuna resources.
 
The 21 members of the Inter-American Tropical Tuna Association agreed to align the total purse seine catch limits for yellowfin and bigeye tuna by set type and that there are no national allocations.
 
The purse seine vessels of capacity classes 4 to 6 (more than 182 metric tons carrying capacity) and longline vessels more than 24 meters of all members and cooperating non-members of the IATTC must stop fishing in the Convention Area for 62 days in 2017, according to the IATTC resolution. The closures must be in one of two periods: between July 29 and Sept. 28 or between Nov. 18, 2017 and Jan. 18, 2018.
 
The members did not agree to limit ...

Full Story »

Bumble Bee Adds Flavors and Launches Snack Kit Packaging to Tuna Pouch Lineup

SEAFOODNEWS.COM [Seafood News] - February 17, 2017

Bumble Bee Seafoods has introduced several new flavors to its Prime Fillet line, Seasoned Tuna Pouches and Snack on the Run! kits. 
 
“Consumers are looking for nutritious, affordable meal solutions to fill their pantries,” said Dave Melbourne, Bumble Bee senior vice president, consumer marketing and corporate social responsibility, in the statement. “Bumble Bee’s new flavor varieties offer simple, delicious ways to incorporate more seafood into you and your family’s diet.”

Full Story »

How Alaskans Forced Snow Crab Prices Above $8.00; This Price Likely to Carry Through to Boston

SEAFOODNEWS.COM by John Sackton - February 15, 2017

Reports from Japan say “Bering Sea Opilio Prices are escalating wildly above $8.00” due to the production cutback in Alaska.
 
As a result wholesale snow crab prices in Japan have smashed all records, and are up about 50% over last year.
 
As of this week, about 12.6 million pounds has been caught, and 9 million pounds remains to be fished, or about 41% of ...

Full Story »

China Update:  Tilapia Processors Restart with Stable Prices; Shrimp Production Above Expectations

SEAFOODNEWS.COM by Amy Zhong and John Sackton - February 15, 2017

Tilapia processing plants have started back to work after the Chinese New Year. But output is still low.  The market situation in 2016 has taken a toll on farmers feeding and stocking of tilapia, which has meant stable prices amid small supplies.

In Hainan processing plants restarted their operation earlier than those in Guangdong and Guangxi. According to insiders, more processing plants will go back to work after the Lantern ...

Full Story »

HB Grandi Says Japan's Roe Market Could Benefit as Iceland Raises Capelin Quota to 299,000 MT

SEAFOODNEWS.COM [SeafoodNews] - February 15, 2017

Iceland’s Ministry of Fisheries raised its commercial capelin quota to 299,000 metric tons, which is a sharply higher quota compared to last year.

In January, an assessment of Iceland’s capelin fishery by the Marine Research Institute said the stock could support a total quota of 57,000 metric tons.

However, the January survey was conducted during poor weather with sea ice covering the survey area.  Except for the need to spawn in relatively warm waters, capelin is a pure cold-water species...

Full Story »

Hokkaido Crab Dealer Goes Bankrupt After Russia Tightens Crab Enforcement

SEAFOODNEWS.COM [Japan Reports] - February 15, 2017

A Hokkaido crab dealer has gone bankrupt under the impact of Russia's tightened fishing regulations and soaring procurement costs.

Kanikichi Gyorakuichi Suisan Co., a fresh fish trader based in Kushiro, eastern Hokkaido, was ordered by Kushiro District Court on Feb. 3 to begin bankruptcy procedures.

Its debt amounted to about 189 million yen, according to Kushiro Branch of Data Bank Ltd., a private credit agency.

Kanikichi (president: Kazuyoshi Kamata) was founded in 1999 ...

Full Story »

Russian Fishery Co. Plans Major Pollock Expansion with Chinese Backing

SEAFOODNEWS.COM by Eugene Gerden  February 14, 2017

The Russian Fishery Co. plans to significantly expand pollock production volumes, yet its plan, backed by China, may run into opposition from state agencies.

Russian Fishery Co., one of Russia’s leading fish producers and processors, (formerly Russkoe More – Dobycha"), plans to significantly increase the volume of fish production this year, and aims to further supplies both to domestic and foreign markets, according to Andrew Teterkin, CEO of the company.
 
Particular attention will be paid for the increase of pollock production. Last year the volume of the company’s total production amounted to 280,000 tons, of which 220,000 tons accounted for pollock, while the remaining 50,000 tons for Pacific herring. However, according to the company’s plans, these figures should be significantly increased already this year.
 
Implementation of these plans will take place through the renewal of the company’s fishing fleet.  This will involve the building of at least 6 

Full Story »

Krystal and King & Prince Seafood Partner Up to Bring Back Shrimp Po' Boys for Lent

SEAFOODNEWS.COM [SeafoodNews] February 14, 2017

Krystal is bringing back Shrimp Po’ Boy sandwiches for the Lenten season in partnership with King & Prince Seafood.

"Shrimp is one of those tastes you just can't get enough of," said Heather Schlesinger, Director of Calendar Programs & Promotions for Krystal. "It only makes sense to bring back the coastal flavors all of our guests love."

The sandwiches are included in Krystal’s Mix for $5 value meal deal. The sandwiches consist of a crispy butterfly shrimp with a tangy sauce served a soft roll.  The fried shrimp is also available by the basket and is paired with a choice of sauces such as buffalo, BBQ or Texas petal...

Full Story »

US Foods Acquires Assets to Rhode Island Broadline Distributor All American Foods

SEAFOODNEWS.COM [SeafoodNews] February 15, 2017 

US Foods has acquired All American Foods, a broadline distributor based in North Kingstown, Rhode Island

All American Foods was established in 1988 and has grown to offer more than 4,000 SKUs to nearly 1,000 customers throughout Rhode Island, Massachusetts and Connecticut. The company reports annual sales of nearly $60 million.

The addition of All American Foods will further enhance US Food’s ability to serve customers in the northeast region, an area of the country heavily populated with independent restaurants US Foods said in a press release...

Full Story »

Rain Forest Aquaculture Gets Three-Star BAP Certification at Fresh Tilapia Facility in Costa Rica

SEAFOODNEWS.COM [SeafoodNews] February 14, 2017

Rain Forest Aquaculture received three-star certification from the Global Aquaculture Alliance’s Best Aquaculture Practices program for its fresh tilapia operation in Costa Rica.

Rain Forest is owned by major farmed salmon producer and exporter AquaChile and supplies 90 percent of the US market fresh tilapia fillets. Rain Forest represents about 25 percent of the entire North American for fresh tilapia.

Three-star certification is the second highest level of certification offered by the BAP program. Rain Forest says it is close to full four-star approval...

Full Story »

World Bank Report Says Fisheries Reform with Catch Limits Shows Promising Results

 

SEAFOODNEWS.COM  [SeafoodNews]  February 14, 2017

The World Bank has released an updated economic report that says poor fisheries management costs more than $80 billion per year in global fishery losses.
 
The new report, called The Sunken Billions Revisited: Progress and Challenges in Global Marine Fisheries, confirms what many intuitively know: overexploitation is not a good strategy to manage a renewable natural resource like fish stocks, for steady profits, reliable jobs and long-term growth. For global fisheries as a whole, about $83 billion were foregone in 2012, compared to a more optimal scenario, largely because of overfishing.
 
The report uses a bio-economic model developed by Professor Ragnar Arnason of the University of Iceland that is an update of a 2009 study published by the World Bank and the FAO, called The Sunken Billions: The Economic Justification for Fisheries Reform. By explicitly quantifying the potential economic benefit forgone in global marine fisheries, The Sunken Billions underscored the urgency of improving marine fisheries governance and generated additional momentum toward restoring overexploited fish stocks.
 
Since then, the World Bank and partners have worked ...
 

Full Story »

Scientists Find Extreme Forage Fish Populations are Natural, Likely Unavoidable

SEAFOODNEWS.COM [Seafood News] - February 17, 2017

ANN ARBOR — California sardine stocks famously crashed in John Steinbeck's "Cannery Row." New research, building on previous since the late 1960s, shows in greater detail that such forage fish stocks have undergone boom-bust cycles for centuries, with at least three species off the U.S. West Coast repeatedly experiencing steep population increases followed by declines long before commercial fishing began.

Natural population fluctuations in Pacific sardine, northern anchovy and Pacific hake off California have been so common that the species were in collapsed condition 29 to 40 percent of the time over the 500-year period from A.D. 1000 to 1500, according to the study published online Feb. 9 in Geophysical Research Letters.

Using a long time series of fish scales deposited in low-oxygen, offshore sedimentary environments off Southern California, researchers from the National Oceanic and Atmospheric Administration and the University of Michigan described such collapses as "an intrinsic property of some forage fish populations that should be expected ...

Full Story »

Sharp Increase in Iceland's Capelin Quota Could End Fishermen's Strike

SEAFOODNEWS.COM by Michael Ramsingh - February 17, 2017

European seafood analysts at Marko Fish said Iceland’s decision to sharply increase its capelin quota this season could spur a quick end to the prolonged fishermen’s strike.

“There are higher probabilities that the strike will be resolved in the next few days than before due to the issue of enlarged quota for capelin of 196 thousand that will be Iceland’s share of the quota. Due to the relatively short catch window for the capelin the pressure to end the strike is increased,” said Marko Fish in its February 16 newsletter...

Full Story »

Effective Management Can Navigate Climate Impacts on the Fisheries

SEAFOODNEWS.COM [SeafoodNews] - February 20, 2017

BOSTON – Fisheries around the world are likely to come under increasing pressure from climate change. But effective, cooperative management approaches can blunt the projected impacts on both fish stocks and on the billions of people who depend on them – and in some cases even improve the health of key fisheries.

“The future is potentially prosperous, but only if we take action now to adapt to the kinds of changes that we now anticipate,” said Christopher Costello, professor of environmental resource economics...

Full Story »

Bojangles' Features Alaska Pollock Fish Sandwich for Lent

SEAFOODNEWS.COM [Seafood News] - February 17, 2017

Charlotte, NC -- The BojAngler is back and ready to make a splash! Following a popular debut last year, Bojangles’ has brought back the delicious BojAngler fish sandwich, which is now available at participating restaurants for a limited time.

There’s nothing flaky about this fish sandwich. Unless, of course, you’re referring to the actual filet, a delightfully light, wild-caught Alaskan Pollock filet with a generous dash of Bojangles’ popular fry seasoning. The filet is paired with a slice of all-natural cheddar cheese and zesty tartar sauce, all between a golden-brown toasted, buttered bun. Perfect for lunch or dinner, the BojAngler proves that a brand famous for its flavorful chicken and made-from-scratch ...

Full Story »

Marine Harvest Doubles Earnings in 2016; Adding Processing, Farming Sites to Grow N. American Sales

SEAFOODNEWS.COM by Michael Ramsingh - February 15, 2017

Marine Harvest doubled its earnings in 2016 as the operator benefitted from strong global demand for limited inventories of high-priced salmon. The world’s top salmon producer has plans to expand its market share in North America with a new processing facility and farming sites in Canada.

The Norwegian-based operator posted US$741 million in full year earnings in 2016. This figure is more than double its earnings in 2015 that amounted to $367 million.

“2016 was a great year for Marine ...

Full Story »

Great Eastern Seafood Celebrates 35 Years in Business With First Boston Show Exhibit Since 1992

SEAFOODNEWS.COM [Seafood News] - February 17, 2017

Great Eastern Seafood, a leading processor and distributor of fresh seafood, is proud to announce the company is celebrating its 35th year in business.

Since its founding in 1982, Great Eastern Seafood has established itself as one of America’s fastest growing seafood processing and distribution companies by demonstrating superior standards of providing its customers with a variety of premium fresh seafood from across the globe. Great Eastern Seafood prides itself in providing its customers with the freshest seafood products that have been responsibly harvested using sustainable and environmentally friendly practices whenever possible, the company said in a press release.

With four generations of business relationships throughout New England and Canada, Great Eastern Seafood is a top producer of North Atlantic groundfish and flatfish.

“Over the last thirty five years, Great Eastern Seafood has not only remained strong throughout many economic ups and downs, but we’ve grown the business and now serve over 170 customers across North America,” said Doug Nucatola, ...

Full Story »

Second Alaska Buyback Program for Southeast Seine Permits Not Approved

SEAFOODNEWS.COM [SeafoodNews] - February 15, 2017

The votes fell short for a second round of Southeast Alaska salmon seine permits to be retired, or bought back, by a federal loan. The referendum failed by 26 votes among 315 eligible to participate.

In a Federal Register announcement yesterday, the National Marine Fisheries Service released the results of a referendum among 315 permits in the fishery designated as S01A by the Alaska Commercial Fisheries Entry Commission (CFEC). NMFS received a total of 180 ballots of the 315 eligible to vote, but only 132 were in favor...

Full Story »

Pacific Andes Confirms Insolvency Proceedings Have Started for One Subsidiary 

SEAFOODNEWS.COM by Michael Ramsingh - February 15, 2017

Pacific Andes issued a statement confirming that insolvency proceedings have been initiated for one of its subsidiaries following a court decision in the British Virgin Islands (BVI).

“Pacific Andes International Holdings Limited wishes to announce that insolvency proceedings have been commenced in the Virgin Islands against Europaco Limited, an indirect wholly-owned subsidiary of the Company engaged in the seafood trading business,” the company said in a press release...

Full Story »

China’s Xuzhou Jinjiangfoodstuffs Becomes First Crawfish Producer to Earn BAP Certification 

SEAFOODNEWS.COM [SeafoodNews] - February 15, 2017

The Global Aquaculture Alliance’s Best Aquaculture Practices has certified the world’s first crawfish facility against its Best Aquaculture Practices program the organization announced in mid-February.

China’s Xuzhou Jinjiangfoodstuffs Co. Ltd. processing plant attained BAP at its facility located in Pizhou City, Jiangsu, China. The facility has been in operation since 2004 and processes cooked crawfish tail meat and freezes it for export mainly to the United States. The crawfish is imported to the United States by Bernard’s Seafood Co. Ltd. of Mansura, Louisiana.

“The GAA is thrilled to partner with Bernard’s Seafood to help bring BAP certification to crawfish and to help the company source farmed seafood responsibly,” said Chris Keller, BAP director of market development in the Americas.

Full Story »

Samherji-Owned Íslandsbleikja Gets Arctic Char Processing Plant in Iceland BAP Certified

SEAFOODNEWS.COM [SeafoodNews] February 15, 2017

Íslandsbleikja is Iceland’s first processing plant and the world’s first Arctic char facility to attain Best Aquaculture Practices (BAP) certification.

The processing plant — located in Grindavík, on the southwest coast of Iceland — processes 2,000 metric tons of Arctic charr (Salvelinus alpinus) annually, supplied by two land-based farms and three hatcheries throughout Iceland. Íslandsbleikja markets its fresh and frozen Arctic charr to retail and foodservice companies across Europe and North America.

Íslandsbleikja is owned by Samherji hf., a leading Iceland-based seafood company, with operations throughout Europe, Africa and North America...

Full Story »

Fishery Tensions Rise Between China and South Korea after Korean Landings Hit Record Lows

SEAFOODNEWS.COM  [Shuichan News] Translated by Amy Zhong  Feb 14, 2017

South Korea’s fisheries output in 2016 hits the lowest level within the past 45 years. And its media blame it on China’s “illegal fishing”. 
 
According to the KMI (Korea Maritime Institute), South Korea’s fisheries output is 923-thousand tons in the coastal and inshore sea areas during 2016. The number has contracted by 12.7% from that of the previous year. And it has been at the lowest level since 1972 when the output was 956,276 tons. The KMI blames China’s “illegal fishing” for the drastic reduction in its marine resources. 
 
The average catch per vessel per day of fishing has declined from 370.3 tons in 1972 to 251.6 tons last year in the inshore areas. And the capacity has contracted from 10.1 tons to 6.2 tons for fishing boats in coastal areas. 
 
Although there has been great improvement in South Korea’s fishing technologies within the past decades, the output has decreased rather than increased. According to the analysis of the KMI, the country’s current fisheries resources are only 62% of those in 1972. ...

Full Story »

Iceland's Commercial Fishermen Resume Fishing as Labor Deal Gets Narrow Approval

Commercial fishermen in Iceland commenced fishing on Sunday after an agreement was narrowly passed between the major fishermen’s unions and the boat owners. The deal ends a three-month work stoppage for Iceland’s commercial fishermen that walked off the job in November. On Friday, we reported Iceland’s fishing strike could come to a quick end because of a recent decision to sharply raise Iceland’s commercial capelin quota. This deal should ease upwards pressure on cod prices and shrinking inventories in the UK market. The strike was starting to cut into fresh and frozen cod production out of Iceland, which is a major cod supplier to global markets. Additionally, any fears of fresh cod shortages in the US market, particularly on the East Coast, are also likely to fade.

Leading Russian crab producers failed to reach any agreements with domestic shipbuilders to place orders for new ships. According to a recent law passed by the Russian government, crab producers are required to use domestic shipbuilders to build new fishing vessels. in return for quota allocations."Unfortunately, none of Russia's leading crab producers, which participated in the meeting, was able to complete and place a clear order. Each of producers requires ships in accordance with their own, specific needs, which, however, has nothing to do with mass production. Due to this, we were unable to reach any agreements," said Vitaly Gvozdev, a senior representative of Nordic Engineering

In other news, there will be a concerted effort during Alaska's upcoming Board of Fish meetings to end the so-called "fish wars" and move discussions out of the realm of political battles and keep it firmly in the arena of science-based fisheries management that benefits everyone. At the meeting, the board will consider a 174 fishery management proposals. “I’m not going to do a tit-for-tat allocation battle back and forth,” said David Martin, President of the United Cook Inlet Drift Association. “That doesn’t benefit anybody.”

Meanwhile, President Trumps's executive order that requires two regulations be effectively eliminated for each new one that is created could disrupt the implementation of some federal fishery management regulations. The vast majority of federal fisheries regulations do not the standard, meaning routine closures and assessments should proceed as they always have. However, NOAA Fisheries has several regulations currently under consideration that are “significant regulatory actions” including a proposed update to ensure consistent application of rules at federal marine sanctuaries and an effort to combat the spread of illegally caught or fraudulently identified seafood in U.S. markets.

Finally, some analysts say Vietnam's goal to raise its total annual value of shrimp exports to global markets to $10 billion by 2025 might not be realistic. Experts calculate that if the added value of shrimp is doubled by 2025, the country would earn $6 billion from exports. For the $4 billion remainder, Vietnam would have to produce an additional 1 million metric tons of shrimp. And even though the production goal is attainable, analysts say the value of the shrimp will not be high enough to reach the $10 billion goal.

Full Story »
Previous Day »