Fri. Feb 23 2018

Investors Swoon over Land based Salmon Farming in Maine; 2nd Company Buys Major Site  


Newfoundland Furious Over Clam Decision, Cripples Year-Round Employment in Grand Bank


Supreme Crab & Seafood Enters Partnership With G&C Food Distributors  


Legal, Copying Chipotle, Expands Fish Bowl Concept Restaurants in Boston


Monterey Bay Fisheries Trust Building Fish Hub Along CA Central Coast


Consumers Eating Shellfish Throughout the Year, Fish Consumption Increases During Lent  


VIDEO: New Bedford Fishing; Russian King Crab Price Gap; Ropeless Traps; Ecuador Shrimp Price  


Nordic Aquafarms Holds Listening Session in Belfast, ME on its Large Aquaculture Project


Barents Sea Russian Red King Crab Fishery First in World to Achieve MSC Certification    


Sea Watch International Introduces New Flavors for Oven Ready Clam Strips Line  


Maxwell Chase Develops First-of-its-kind Packaging to Extend Shelf Life of Seafood


SeafoodNews.com Summary Friday, February 23


Thu. Feb 22 2018

Adak Has Now Processed 1000 ton of cod, Will Now Get Rest of 5000 ton Cod Set Aside for First time


Aquaculture Player to Process Seafood in Russia's Far East


Urner Barry Announces Several Key Appointments


Five Nations Clam Company Secures New Arctic Surf Clam License


SeafoodNews.com Summary Thursday, February 22


Wed. Feb 21 2018

Price Gap Between Russian Red and Golden King Crab at Historic Levels  


AK Bering Sea Crabbers Launch Search for New Executive Director


Santa Monica Seafood Expanding Pre-Packed Chilled Seafood Operations


Alaska Fisheries Trust Bill Supported During First House Hearing


Russia Concerned About Chinese Poaching Activities in Territorial Waters  


Washington Fish Farmers Urge State Lawmakers to Oppose Ban on Salmon Farms


Walmart Canada Introducing Sustainable Delivery For Vancouver Online Grocery Shoppers


Vietnam's Hung Vuong Sells Fish Meal Factory to Increase Capital; Plans to Up Basa Sales  


White Castle Brings Back Seafood Crab Cake Slider, Shrimp Nibblers For Lent  


Time for PWS Sablefish Fishermen To Register For the 2018 Fishery


Sea Watch Celebrating National Clam Chowder Day by Providing Bowls to Shelters, Food Pantries  


SeafoodNews.com Summary Wednesday, February 21


Tue. Feb 20 2018

Thai Union Group Sales Up 1.6%, Profits up 14.6%, With Strong North American Business


Industry Responds to Erroneous Reports about Dungeness Fishery  


Ecuador Shrimp Prices to China Fall to Lowest Level in Five Years  


Tassal 17th Company to Join Global Salmon Initiative  


Burned California Bears Treated With Tilapia Skin Now in Good Health  


ASC and MSC Team Up for Think Fish Week in France


GAA, IFFO Provide Update on South East Asia Fishmeal Project  


SeafoodNews.com Summary Tuesday, February 20


Mon. Feb 19 2018

California Crabbers Slow Landings, Say Won't Deliver at $2.50 per lb.  


Processors Must Eviscerate Dungeness Crab from Southern Oregon Due to Domoic Acid Levels  


China's Tariff Reduction Coincides with Imported Seafood Price Drops Around Chinese New Year  


Cooke Expresses Strong Disappointment with Washington House and Senate Votes to Ban Netpens


Trump Administration Wants to Cut Budget for NOAA, But Congress Unlikely to Accept   


New Seafood News Podcast Episode: Kingfish Zeeland Dutch Yellowtail, Coast Guard Rescue & More  


SeafoodNews.com Summary Monday, February 19


Vietnam’s Seafood Export Value Rises to U.S. $560 Million in January; Exports to China Grew in 2017  


Fri. Feb 16 2018

SeafoodNews.com Summary Friday, February 16


Fisheries Council of Canada Welcomes Designation of Ocean Supercluster by Ottawa


NFI's Crab Council Grows to 33 Members  


Oregon Readies New Waste Water Requirements for Seafood Processors


VIDEO: F/V Sinks; Record Shrimp Consumption; Nemesis Pulled From Water; New Whole Foods Policies


Alaska Deckhand Apprentice Program Calls for Applicants


Russian Security Service Challenging Crab Quota Holders as Illegal Foreign Controlled Business  


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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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