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  


Burned California Bears Treated With Tilapia Skin Now in Good Health  


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  


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


SeafoodNews.com Summary Monday, February 19


Fri. Feb 16 2018

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


NFI's Crab Council Grows to 33 Members  


Oregon Readies New Waste Water Requirements for Seafood Processors


Fisheries Council of Canada Welcomes Designation of Ocean Supercluster by Ottawa


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


Alaska Deckhand Apprentice Program Calls for Applicants


SeafoodNews.com Summary Friday, February 16


Thu. Feb 15 2018

Pacific Whiting Stock Looks Strong for 2018, Coming off Record 440,944 tons in 2017


4 Rescued from Atlantic Cape’s Vessel Sea Star, After Sinking off Martha’s Vineyard


Cermaq Reports Excellent Salmon Survival Rates in 2017


After Years of Delays Tsukiji Move is Now on Track


Grieg Seafood Temporarily Banned from Exporting Norwegian Salmon to China after Document Mistake  


SeaShare Distributed Over 6.9 Million Servings of Seafood to Struggling Americans in 2017


California Bill Would Crack Down on Fishing Operations That Poach in Marine Protected Areas


GAA Executive Director Wally Stevens Transitioning Out of Role for Andrew Mallison


Pacific Fisheries Technology Conference Hears Shortage of Workers will Plague Alaska Industry


Lent Kicks Off Biggest Time of the Year for Seafood Sales


New Bedford-Based Northern Wind Celebrates 30 Year Anniversary  


Company Introduces Individual Package Temp Indicators for Low Oxygen Packaging


SeafoodNews.com Summary Thursday, February 15


Wed. Feb 14 2018

Adak 5000 ton Cod Allocation Gets Discussed at Council, as Unforeseen Scenario Put it at Risk


China Shrimp Importers Anxious About Fall in Prices After New Year, Leaving High Cost Inventory  


Virginia Legislature Opposes 2018 ASMFC Reductions in Menhaden Quota, Supported by Omega Protein  


Invermar and AquaChile Confirm Salmon Losses from Algae Blooms  


The Most Popular Seafood Options for Valentine's Day  


Myanmar Looks to Boost Farmed Shrimp Production  


SeafoodNews.com Summary Wednesday, February 14


New Zealand King Salmon Supports Recommendation to Relocate Marlborough Sound Salmon Farms  


What You Need to Know About Fast-Food Fryer Oil During Lent


Oregon, Washington Pink Shrimp Fishery Re-Certified as MSC as Certifiers Laud Management, Ecosystem  


Arby's Adds Nashville Hot Fish Pollock Fillet to Menu as Lent Begins  


Fresco Fisheries Joins NFI Crab Council as 32nd Member  


SeaPak Introduces New 'Selections' Line for Healthier, More Convenient Meals


New Zealand Slows, May Stop, Roll Out of Camera on Board Monitoring


Tue. Feb 13 2018

NOAA Issues SIMP Update; All Data Must Be Complete Before Entry Beginning April 7


SeafoodNews.com Summary Tuesday, February 13


Protix Develops ‘Friendly Salmon,’ First-Ever Insect-Fed Salmon  


New Study Reveals Benefits and Concerns of Phytoplankton In Coastal Areas


Seafood Nutrition Partnership Adds GAA VP Dr. Steve Hart to Board of Directors


Innovative Feed Produces Salmon With Double the Omega-3 Content  


Thai Union of Canada Announces Daley Sfds Will Manage New Brunswick Lobster Plant in Tracadie-Sheila  


Chinese Market Helps Argentine Seafood Exports Exceed U.S. $2 billion in 2017  


Hema Fresh Opens Second Store in Shenzhen; Imported Seafood Can Arrive in Two Days  


Baader Brings New Generation of Filleting Machines to Newfoundland, Icewater to Invest $3 million  


Captain D’s Rolls Out Flounder Feast For Lent  


Totoaba Farming May Help Vaquita Porpoise


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

Major Newfoundland snow crab packer Quinlan Bros. announced their first contract with Japanese buyers. The company has agreed with Maruha Nichiro on a first order for 1000 tons, packed to Japanese specifications, at a price of $6.95 FOB St. John’s. The Quinlan Bros. now have a state-of-the-art plant since rebuilding the Newfoundland facility after a fire razed the plant just before the start to the snow crab season last year. The destruction of the plant created a chaotic situation in the snow crab market last year as Japanese buyers had to scramble to fill orders that they thought were solid. There are several other major plants in Newfoundland that have agreed to sell at this same price, but as of press time, no additional contracts have been publicly announced. There certainly is a strong desire for more orderly Japanese purchasing this year, on the part of both crab producers and their major Japanese partners writes John Sackton.

Record high prices for many popular seafood items in the US market are likely to support more shrimp consumption in 2017 given the item's relatively stable price and a strong supply outlook.A look at Urner Barry quotations show high market prices for salmon, snow crab, king crab and mahi-mahi. Compared to these other seafood species, the shrimp market represents a value and could be used as a replacement item on restaurant menus and among retailers.

In other news, the normalization of trade relations between China and Norway has salmon producers in Norway looking to expand sales to the Chinese market. The industry is looking for new markets and new ways to boost margins. One such example is Marine Harvest cooperation with Alibaba Group Holding Ltd., China’s biggest e-commerce company, to sell salmon online. “China is too big to ignore,” Hogne I. Tyssoy, portfolio manager of the Holberg Triton fund, said “Now when it’s opening again, Norwegian seafood has an exciting future in China.”

Meanwhile, Indian shrimp exports are likely to benefit from lower duty rates the US Department of Commerce preliminarily announced in March. The 1.07 percent country-wide rate would result in some refunds for several exporters if finalized. "Because of the duty being lowered, a lot of major exporters will stand to get duty refunds which will be a big boost for the exports," said Rajen Padhy, director general of Utkal Chamber of Commerce and Industry and a seafood consultant.

Finally, Red Lobster continues to expand to international markets. It has built 21 restaurants internationally since its spun off from Darden Restaurants in 2014. The company has expanded to Mexico, Ecuador and Saudi Arabia among other markets. Red Lobster hasn't built a new restaurant in the US over two years and doesn't have any immediate plans for new American locations.

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