Mon. Apr 24 2017

Cautious Optimism About Recovery of Canada's Northern Cod Stocks Noted During Meeting in Brussels  


About 500 Walmart Stores in Midwest Market to Carry The Salmon Man's Norwegian Salmon Portions  


Newfoundland's Fisheries Minister Supports $14 Million Federal Commitment to Study Cod Stocks  


Marine Harvest Canada Selects Poseidon Ocean Systems to Build 29 Salmon Pens Around Vancouver Island  


VIDEO: Gulf of St. Lawrence Snow Crab Quota Beats Expectations; European Whole Salmon Floods US  


Vietnam Fails to Score Big in Egyptian Fish Market


Southeastern Grocers, Pole-and-Line Foundation Join in Retail Effort  


Panera to Hire 10,000 as it Expands Delivery Service


Seafood.com News Summary Monday April 24, 2017


Fri. Apr 21 2017

NMFS Put Councils on Notice About Overfishing or Overfished Conditions on Bigeye, Four Other Stocks


Icelandic Group Puts Major UK Seafood Distributor Seachill Up For Sale


Russian Pollock Producers Plan to Grow Exports to EU Market 40% by 2019  


Newfoundland Fisherman Continues Hunger Strike Protest After Call From Minister


Westward Seafoods Settles with EPA Over Clean Air Act Violations


Seafood.com News Summary Friday April 21, 2017


Thu. Apr 20 2017

PWS Pink and Chum Salmon Get Determination of MSC Sustainability Prior to Public Objection Period  


Greenpeace Tuna Ranking Charade a Market Opportunity for Some Retailers Not a Sustainability Advance  


Scientists Spawn Pacific Sardines In Captivity; Results Could Inform Potential for Good Fishing  


Peru Hikes Anchovy Quota 1 Million Metric Tons With Season Set to Start on April 22  


Chesapeake Bay's Spawning Female Blue Crab Stocks at Highest Level in 28 Years   (0) 


Marine Harvest's Q1 Production Falls 13% in 2017 But Earnings Double from a Year Ago  


Feds Close Flatfish, Rockfish, Sablefish Trawling in Gulf of Alaska 2 Weeks Earlier Than Last Year


American Shrimp Processors Assoc. Backs "Buy American" Executive Order  


Portion of Kodiak Sac Roe Herring Fishery Temporarily Shut Down for Lack of Fish  


Seafood.com News Summary Thursday April 20, 2017


Wed. Apr 19 2017

European Whole Salmon Floods US and Cuts into Canada's Market Share  


West Coast EFP Successfully Targets Pelagic Rockfish with Minimal Bycatch


Russia Squeezed by High Salmon Prices as Chilean Companies Cut Back Shipments  


Letters: Laitram Says Steam Cookers Catching on In NB Crab Industry with Quality Advantages  


VIDEO: Gulf of St. Lawrence Snow Crab Quotas Announced  


Seafood.com News Summary Wednesday April 19, 2017


Tue. Apr 18 2017

Japanese Crab Negotiations with Newfoundland Full of Uncertainty  


Seafood.com News Summary Tuesday April 18, 2017


NFI's Shrimp Council Partners with Popular Food Blogger Chungah Rhee to Promote Shrimp Consumption  


Kroger Backs WWF with $50,000 Donation as Part of Earth Month Sustainability Campaign


Mon. Apr 17 2017

The Smokehouse of NY Recalls Smoked Salmon and Fish Products Over Listeria Concerns  


High Liner Recalls Captain's Crew Fish Strips for Undeclared Allergen


Thai Union CEO Thiraphong Chansiri to Run Virgin London Marathon in Support of WWF-UK


Fortune Fish Expands into E-Commerce Seafood Sales With Deal to Buy Lobster Gram  


Seafood.com News Summary Monday April 17, 2017


Indonesian Canned Tuna Producer PT Bali Maya Permai Joins ISSF  


China’s Tilapia Industry Faces Moment of Truth at Volume Remains Flat and Prices Fall  


New Zealand's Most Controversial Fishery Deemed Sustainable by Global Body  


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Bristol Bay Red King Crab Season Nearly Wrapped Up With Just 3 Million Lbs To Go 

Red king crab fishermen operating in Bristol Bay have landed 5.6 million pounds of their quota since the season started on October 15. There are now just about 3 million pounds of the quota left. Fishermen say the pace of landings has been quick this season and that the crabs have been large. Fishermen expect to catch the remaining Bristol Bay quota by December.

High Liner Foods will invest $13 million to upgrade its seafood processing plant in Lunenburg, Nova Scotia and relocate production operations currently housed at two idle plants in Massachusetts to the revamped site. The move is part of High Liner's plan to streamline production efficiencies across the company. "We could process more profitability in Lunenburg and ship it to the United States," High Liner CFO Paul Jewer said Tuesday in a keynote address to the Atlantic Provinces Economics Council. Jewer said High Liner is also closely monitoring the rebuilding of Newfoundland's cod stock, which could offer the company another product to bring to the market in another few years. "It's in the near term. We would hope in the next five years we would have an opportunity to buy great product from the oceans that we used to catch product from," Jewer said.

In other news, Moody's Investors Service warned that the restaurant recession in the US market has arrived after it slashed its operating-profit growth forecast for the sector and revised its outlook to stable from positive. “Consumers are wrestling with higher nondiscretionary spending needs, while restaurant companies face higher operating costs, predominantly labor and challenged traffic trends,” Moody’s analyst Bill Fahy wrote in a note. Those comments followed a string of downbeat earnings from the sector, with the likes of Sonic Corp, Burger King parent Restaurant Brands International Inc. and Chipotle Mexican Grill Inc. reporting declines in same-restaurant sales.

Meanwhile, Walmart joined an antitrust lawsuit this week that accuses Bumble Bee, Starkist and Chicken of the Sea of conspiring to fix canned tuna prices in the US market. The lawsuit alleges that the big three tuna brands started the scheme sometime between 2008 and 2010 and ended it in July 2015. Walmart says the conspiracy violates the Sherman Act since they were unlawfully overcharged for tuna products."Defendants possessed significant market power to raise prices for packaged tuna above competitive levels in the United States with a combined market share of 80-85 percent during 2003-2015, and they conspired to ensure they would stabilize and maintain their market shares in the packaged tuna market despite declining demand," Walmart said in the complaint.

Finally, Marine Harvest posted record earnings in the third quarter as its Chilean operation showed signs of profitability for the first time in two years. Marine Harvest said the favorable earnings performance was the result of high wholesale market prices and global demand for more limited supplies. This is the first time since 2014 that Marine Harvest’s Chilean operation posted profitability. It confirms a report from Rabobank last week that said the Chilean farmed salmon industry has turned the corner and is once again profitable. “It is especially encouraging to see that our business unit in Chile delivers positive earnings after many quarters with negative results,” said Marine Harvest CEO Alf-Helge Aarskog.

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