Mon. Mar 27 2017

Some Newfoundland Snow Crab Plants Attempting to Settle with Japanese at $6.95 FOB St. John’s  


Shrimp Consumption Poised to Take Off in US Market With Other Seafood Markets at Record Levels  


Yurok Tribe Warns of ‘Most Catastrophic Fisheries Collapse in Klamath River History’  


Maine Lobstermen Figured Out How to Make More Money Off Their Catches


WWF-Canada Supports Parliament's Standing Committee Recommendations on Capelin Stock Assessments  


Fri. Mar 24 2017

Torrential Rain, Massive Flooding Deals Blow to Peruvian Scallop Production  


VIDEO: Back from Boston; Alaska Salmon Season Forecast and Stolen Scallops Reach New England Market  


New Wave's Vegan, Algae-Based Shrimp Ahead of Distribution Schedule as Gets Quick Market Interest  


EU Funding Same DNA Technology That Identified Horsemeat to Properly Label Imported Snapper


Hillborn to Speak on Sustaining Food From the Seas in Prestigious Lecture


Cuba Inaugurates Ocean Acidification Observatory


StarKist Goes Bold With New Tuna Pouch Flavors  


Seafood.com News Summary Friday March 24, 2017


Thu. Mar 23 2017

Oregon Pink Shrimp Price Negotiations Canceled This Week  


Sitka Herring Roe Fleet Has Now Caught More than Half the Quota  


Proposed Rule Will Allow Alaska Fishermen to Test New, Voluntary Electronic Monitoring


Thai Union Expands Work Against Human Trafficking in Supply Chain to Include Global Retailers


Worldwide Industry, NGOs Advocate for Policy Changes in Tuna Fisheries in 2017


Seafood.com News Summary Thursday March 23, 2017


Wed. Mar 22 2017

Sakhalin Officials Arrested For Allowing IUU Russian Crab to Flow to China  


GAA, MultiExport Foods and Mitsui Sign Initiative to reduce SRS Salmon Disease in Chile  


SFP Announces Merger of Two Major Squid FIP Monitoring Groups in South America and Asia  


Western Pacific Council to Tackle Management in Papahanaumokuakea Marine National Monument


Seafood.com News Summary Wednesday, March 22, 2017


Tue. Mar 21 2017

Boston Show Upbeat Again this Year as Footprint Expands


Sitka Herring Roe Fleet Catches 25 Percent of GHL in Three Hours


Fishpeople Seafood and Open Blue Win Seafood Excellence Awards at Boston Show


Mariner Seafood Prepared for Retail Distribution of GO WILD Brand That Extends Fresh Shelf Life


SeaWeb Names 16 Finalists for 2017 Seafood Champion Awards


Seafood.com News Summary Tuesday, March 21, 2017


Mon. Mar 20 2017

Seafood.com News Summary Monday, March 20, 2017


SeaWatch Launches Foodservice Line of Frozen Soups; Expands to Retail in Partnership with Bar Harbor  


Preferred Freezers Will Open Facilities in Texas, Chicago this Year; to Build Ninth NJ/NY Warehouse


GAA Signs Agreement for Major Chinese E-Commerce Retailer JD.com to Distribute BAP Certified Seafood


Vons Albertsons, Hannaford Retailers Will Carry Bristol Seafood's Fair Trade USA Certified Scallops  


Raw Seafoods Hires Former "Boston Chef of the Year" Walter Zuromski as Director of R&D


San Diego's Catalina Offshore Products Launches Domestically Caught Hook and Line Canned Tuna


Anomalous 2015 Ocean Conditions May Bode Poorly for West Coast Juvenile Chinook Salmon Survival  


OCI Announces Project to Move Canadian Redfish towards MSC Requirements  


Mike Tourkistas Steps Down from CEO Role as East Coast Seafoods Hires New CEO  


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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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