Wed. Nov 22 2017

John Garner Retiring as North Pacific Seafoods President and COO, Dave Hambleton to Replace


AFDF Announces Winners of 2017 Alaska Symphony of Seafood Contest  


Lobster Council of Canada Optimistic Heading Into 2017 Lobster Season  


ASMI Consolidates Offices in Juneau, Hires New Staff


Southeast Pink Salmon Catch Could Disappoint Again in 2018


Pew Charitable Trusts Blasts ICCAT's Bluefin Tuna Decisions  


Pacific Council Gives Preliminary Nod to Two Coastal Sardine and Other Pelagic Species Projects  


ASC and MSC Join Forces For New Seaweed Standard  


SeafoodNews.com Summary Wednesday, November 22


Seafood News Closed For Thanksgiving Thursday and Friday


Tue. Nov 21 2017

Russian Government to Consider a Return to Crab Industry Auctions


Norway’s Salmon Biomass up 10% This Year, and Rising  


Royal Greenland Strengthens Export Success in Chinese Market  


Red Lobster Adds Nephrops to Their Menu For ‘Ultimate Surf & Turf’ Event  


UK Portrait Calendar Raises Money For Fishermen's Mission Charity


New Zealand King Salmon Appoints David Whyte as New COO  


International "Tools of the Trade" Tech Conference Slated for February in Alaska


SeafoodNews.com Summary Tuesday, November 21


Mon. Nov 20 2017

NMFS Shuts Down Carlos Rafael’s Sector IX, Orders Vessels at Sea to Return to Port Immediately


Massive Recruitment Event Shows Up in Alaska Sablefish Stocks  


Mark Leslie, VP at High Liner,  Passed Away on Saturday at Age 59


ANALYSIS: Norwegian Wholefish Market Drops Leading Into Thanksgiving Week


Direct Flights Between Canada and China Expected to Boost Exports of Live Lobster  


Most of West Coast Dungeness Season Delayed Until Dec 16th to Allow for Better Meat Fill  


Maryland's Blue Pointe Seafood Opens Direct to Consumer Overnight Delivery Service  


Japan's YO! Sushi Acquires North America Brand Bento Sushi


SeafoodNews.com Summary Monday, November 20


Fri. Nov 17 2017

Trident Invests in APICDA’s Bering Pacific and Cannon Fish Subsidiaries


Giant Canadian Pension Firm Enters Seafood Industry with Purchase of Largest PEI Mussel Grower  


Russian 2017 Salmon Season Had Major Failures; New Fishing Restrictions Planned


ANALYSIS: Argentinian Pink Shrimp Will Stay in the US Market For the Long Term    


Oregon Delays Dungeness Crab Season Due to Low Meat Recovery  


Global Aquaculture Alliance CFO Jeff Fort Takes On COO Position


JD Fresh Moves 20,000 Tons of Fresh Food, Garnering Huge Success on Singles' Day  


VIDEO: EU Importers & Indian Shrimp; Maine Lobstermen; Alternative Tuna; Canadian Trade Benefits


SeafoodNews.com Summary Friday, November 17


Thu. Nov 16 2017

How Ocean Hugger Foods Is Breaking Into the Seafood Industry  


Bering Sea Pollock and Cod in Good Shape But Could Be Moving North


Chile Prolongs King Crab Season as Prices in China Rise More than 20 Percent  


California Commercial Dungeness Crab Season Opens With Dock Prices Around $3 A Pound  


China’s Fresh Food Ecommerce Changing the Equation for Air Cargo


France First Country to Put Legal Teeth Behind Claims of Supply Chain Dilligence


Moody’s Affirms Red Lobster Debt Rating, but Downgrades Outlook to Negative


SeafoodNews.com Summary Thursday, November 16


Study Finds ‘Tipping Point’ That Could Change Oyster Restoration Efforts  


Young’s Seafood Launches New Shellfish Line in the UK  


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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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