News Summary July 19, 2017 

Today's Main Story: Bloomberg: Trident Valued at $2.1 Billion, with Chuck Bundrant on Bloomberg Billionaires Index 

Headlining the news today is a look at Chuck Bundrant’s Trident Seafoods which is valued at $2.1 billion. Trident was formed in 1973 with two partners and one boat. Chuck Bundrant was a college freshman with $80 in his pocket when he drove halfway across the country to Seattle to earn a few bucks fishing. The year was 1961. He hasn’t stopped fishing since. And today, Bundrant, the founder and majority owner of Trident, is worth at least $1.1 billion, according to the Bloomberg Billionaires Index. His wealth is due to a fair measure of pluck. Back in the early 1980s, he persuaded Americans to eat pollock, then considered a trash fish, at fast-food restaurants and, to this day, Trident ships it + along with salmon and cod + to chains including Costco and Safeway. 

In other news, Bakkafrost, the major salmon producer in the Faroe Islands, discovered listeria bacteria in its production last week. This was confirmed by its CEO Regin Jacobsen. The company is not certain how much of the fish was shipped before the listeria was discovered, but Jacobsen says the testing showed small amounts, less than 10 parts per million per gram. Listeria is destroyed by cooking in any amount under 100 parts per. This salmon, however, is not suitable for sushi. 

In the UK, sushi bars are committing "seafood fraud" by serving customers the wrong fish, a study has found. Researchers examined labeling practices in restaurants and found that in many cases fish was being mislabeled, or not labeled at all. Substitution levels in the UK were significantly lower, however, than those observed in North America. Research indicated that the average British fish-eater could only distinguish two out of six common fish. About half could tell a salmon from a mackerel, but only a third could identify cod. 

In a new study, an international group of scientists found that in comparing four types of fishing gear that touches the seafloor, otter trawls were found to be