Wed. Mar 29 2017

Gulf Snow Crab May Not be Underway Until Week of April 23rd due to Ice  


Tue. Mar 28 2017

Pollock roe Auctions Return High Prices, in Boost to Alaska Companies  


Two Pacific Andes Subsidiaries Seek Chapter 11 Protections as Liquidation Proceedings Begin


Groundfish Enterprise Allocation Council Wants Newfoundland to Temper Expectations of Cod Rebound  


Oregon Salmon Industry Requests 2016 Fishery Disaster Declaration  


Court Grants Increased 'Spill' to Aid Endangered Columbia/Snake River Salmon  


Sitka Herring Sac Roe Fishery Wraps Up  


Vietnamese Pangasius Duty Rates Unchanged in Final 12th Review  


Russia Dangles More Pollock Allocations if Koreans Invest in Russian Processing  


BluGlacier, Ventisqueros Bring ASC, BAP Certified Silverside Premium Farmed Coho Salmon to US Market  


PODCAST: Alaska’s Summer Salmon Forecast; Lots of Scallop News and Back from Boston Recap  


Darden Restaurants Acquires Cheddar's Scratch Kitchen For $780 Million


Lakes Farm Raised Catfish Issues Recall Notice to USDA for Fish that Contain Antibiotics   (0) 


Seafood.com News Summary Tuesday March 28, 2017


Mon. Mar 27 2017

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


US Shrimp Consumption Poised to Take Off With Other Seafood Markets at Record High Prices  


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


Sealord Will Sell Caistor to Nissui


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


Florida's Spiny Lobster Season to Close on April 1  


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


Seafood.com News Summary Wednesday March 27, 2017


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


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Banks Closer to Forcing Pacific Andes Liquidation with Court Win in British Virgin Islands

Banks who are major creditors of Pacific Andes are one step closer to winning liquidation of the company, after a judge ruled in their favor in the British Virgin Islands (BVI). The BVI Commercial Court ordered the appointment of liquidators over Pacific Andes Enterprises Limited, Parkmond Group Limited, and PARD Trade Limited, three BVI incorporated companies that form a key part of the China Fishery Group. The applications were unsuccessfully contested on the principal ground that the appointment of liquidators would irretrievably damage the prospects of a wider, global restructuring of the Pacific Andes Group.

An investment group concluded that Northern Dynasty's Pebble mining deposit in Alaska is not commercially viable. "Mining it would require so much upfront investment that it would actually destroy value," said Kerrisdale Capital in its analysis of Northern Dynasty's assets. The analysis goes a step further and says Northern Dynasty attempted to hide the real value of the assets from the public. "Kerrisdale believes Northern Dynasty’s former partners concluded that the Pebble project had a negative present value – an assessment that Northern Dynasty has spent years trying to conceal from public," the firm said.

In other news, the Russian Fishery Co. plans to significantly expand pollock production volumes, yet its plan, backed by China, may run into opposition from state agencies. Russian Fishery's expansion plan includes a $50-$60 million proposal to expand its fishing fleet with the construction of six factory trawlers. Russian Fishery would rely on a loan from Chinese investors and overseas shipyards to build the boats. But this runs counter to a federal plan that awards catch quotas to operators that commit to using domestic resources to expand the Russian fishing industry.

Meanwhile, we run an Editorial published by the Daily Astorian in Oregon that slams state Governor Kate Brown's intention to squash an agreement that allows for the use of gillnets to commercially harvest some salmon on the Columbia River. "Yes, all Oregonians want recreational fishing to prosper. But by rejecting any compromise on behalf of hardworking commercial fishermen, Brown places herself solidly against jobs for struggling rural voters," the Astorian said.

Finally, Krystal is bringing back Shrimp Po’ Boy sandwiches for the Lenten season in partnership with King & Prince Seafood. The burger chain will feature the fried shrimp sandwiches on its menu in a $5 meal deal. The shrimp can also be ordered by the basket. "Krystal and Shrimp ring nicely together," said Mike Tigani, Director of Marketing for King & Prince Seafood. "We are humbled to be working with a company that prides themselves on the same Southern culture and great food we at King & Prince do."

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