Fri. May 26 2017

Atlantic Scallop Prices Continue to Crash in May with Landings Up 23% from Last Year  


Oregon, California Governors Ask Feds to Declare Catastrophic Salmon Disaster  


California Salmon Hearing Includes Warnings of Impending Disasters, Some Solutions  


Southeast Alaska Spring Troll Fishery for Chinook Closes Monday  


VIDEO: Ecuador’s Shrimp Production and Sales to Asia Reach Records; Alaska’s Salmon is Underway  


Ancient Genetic Markers in Sockeye Salmon Can Help Manage Healthier Fish Stocks  


Study Says US Investments on Aquaculture Research Pay Dividends


New Zealand Boosts Fisheries Budget by US$21.5 Million


MSC Certifies the Greenland Halibut Fishery off West Greenland as Sustainable  


Seafood.com News Summary Friday May 26, 2017


New Zealand Boosts Fisheries Budget by US$21.5 Million


Thu. May 25 2017

Further Restrictions on Copper River Kings as Landings Higher than Expected in First Two Fishing Per  


New Rockfish Longevity and Spawning Info Will Help Stock Assessments and Ensure Healthy Populations   (0) 


Rick Speed Joins ISA as VP Sales; Parent Company Shifts Marketing Approach  


Miffed Land Grabber Attempts to Block Pacific’s Surimi Plant Deal in Threat to Whiting Fishery  


DHL Now Shipping Live Crabs and Seafood from Northern Norway to South Korea and US Markets  


Sea to Table Expands Seafood Delivery Service Directly to Consumers


Sustainable Fisheries Partnership Teams Up With Spain's Largest Seafood Canner Jealsa  


DFO Identifies 140,000 km of Ocean West of Vancouver Island for MPA Designation


Seafood.com News Summary Thursday May 25, 2017


Wed. May 24 2017

Oregon Pink Shrimp Volume Steady; Small Sizes Remain a Concern  


DFO Opens Newfoundland's 3Ps Inshore Cod Fishery But Issues No Decision for Offshore Harvesters  


Chilean Customs Workers Go On Strike Indefinitely  


WWF Study: Shrimp Can Be Traced Back to Their Country of Origin Through Elemental Profiling  


ISSF Compliance Report Focuses on Tuna Best Practices, Collaboration  


SCeMFiS Funds Seven Research Projects Affecting Fisheries Management  


Cape Greig Walrus are Back, ADF&G Plans Changed Fishery Boundary Again


Seafood.com News Summary Wednesday May 24, 2017


Tue. May 23 2017

Congressional Trade Committee Hears Testimony About US Seafood Trade Deficits from ASPA and NFI  


RFM Certification Underway for Five Alaska Crab Fisheries, ASMI Calls for Stakeholders Input  


Chinook Salmon Research in Yukon and Nushagak Rivers Designed to Help Manage Fisheries  


Commerce Department Rescinds Duty Rate Review for Chinese Shrimp Exporters  


Santa Monica Hires Dave Harrison as VP of Procurement


Long John's Featuring Buttermilk Breaded Alaskan Cod on Menu for the Summer  


Canada's Redfish Fishery Earns MSC Certification  


VIDEO: Ecuador's Shrimp Output and Sales to Asia Reach Records  


James Beard Chef Says Maine Should Start Eating its Invasive Green Crab Problem


Seafood.com News Summary Tuesday May 23, 2017


Mon. May 22 2017

Ecuadorian Shrimp Exports at Record Level in 2017 as Sales to Asia Dominate Market Share  


F/V America's Finest, Largest Catcher Processor Built in US in 30 Years, May Need Jones Act Waiver


First Copper River Opener Took Nearly Half the Chinook Forecasted Harvest and 36,000 Sockeye  


PODCAST: Canada’s Snow Crab Market Stabilizes and China’s Era of High Shrimp Output Fades  


Seafood.com News Summary Monday May 22, 2017


Fri. May 19 2017

First 22,000 Lbs of Copper River Salmon Lands in Seattle; 77,000 More Lbs. Expected Today  


VIDEO: Canada’s Snow Crab Market Stabilizes as the Era of High Chinese Shrimp Output Fades  


New England Fisheries Council to Consider Deep Sea Coral-Protection Rules


Seafood.com News Summary Friday May 19, 2017


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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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