Thu. Jun 21 2018

Commerce Department Announces $200 Million Fishery Disaster Funding Allocations  


Deep-Sea Corals Win Protection in Gulf of Mexico


ASMI Says Seafood Shipped to China for Reprocessing Not Subject to Tariffs; Others Still Unsure


Julianne Curry Joins Icicle Seafood as Public Affairs Manager


SeafoodNews.com Summary Thursday, June 21


Wed. Jun 20 2018

First Port Moeller Analysis for Bristol Bay Run is Flashing Yellow


Bristol Bay Drift Fishermen Ready for First Set Today in Nushagak as Escapement Numbers Look Good


Andy Wink Appointed New Executive Director of Bristol Bay Regional Seafood Development Assoc.  


New Kuskokwim Model Corrects Overestimate of Chinook Run, Could Affect Chinook Bycatch in Bering Sea


Stavis Seafoods Unveils Prince Edward Frozen Organic Mussels for Retail and Foodservice


Court Confirms Decision Rejecting Catch Limit for California Anchovy Fishery  


VIDEO: Crop Progress; Pizza Hut Chicken Without Antibiotics; Cattle on Feed Predictions


Commerce Department Announces Fishery Disaster Funding Allocations  


SeafoodNews.com Summary Wednesday, June 20


Tue. Jun 19 2018

Russian Barents Sea Inshore Crab Harvesters Say They are Locked Out by Big Monopolies  


Zach Krokos Joins Cannon Fish as New National Sales Team Member


North Pacific Council Looks at Limits for Cod Deliveries to Motherships in the Bering Sea


American Shrimp Processors Assoc Praises Their Friendly Senators for Language in Appropriation Bill  


Sea Pact Brings Funding to Sri Lanka Tuna Fishery Project  


SeafoodNews.com Summary Tuesday, June 19


Mon. Jun 18 2018

Seafood Trade War: What’s Next (News Analysis)


China Tariffs Raise Alarms Throughout the Industry; Read Some Reactions  


LISTEN: Seafood News Podcast Welcomes Samuels and Son Seafood’s William Bradford


Washington Commission Selects Kelly Susewind as New WDFW Director  


Opinion: NL Harvesters Trotting Out Same Arguments Used Against Cod Moratorium 26 Years Ago


Lobster Council of Canada: Lobster Harvesters Unfairly Blamed for Right Whale Threat  


Alaska Air Cargo Grows Service by 40% Thanks to Virgin America Merger


Oceana Canada Says CFIA’s New Food Regulations Do Not Address Seafood Fraud


Australis Barramundi Receives 4-Star BAP Certification  


Direct Air Routes Between China and Norway to Start in 2019


SeafoodNews.com Summary Monday, June 18


Fri. Jun 15 2018

BREAKING NEWS: China Slams Alaska and US Seafood Industry with 25% Tariff on $1 Billion in Exports


Council Separates Adak Cod Issue from Broader Cod Allocation issues, Expects Action by Dec 2018


Possible North Atlantic Right Whale Death Off Virginia Coast


WWF Canada Says DFO Cod Cuts Too Little; Differs with FFAW and GIDC Partners who See Differently  


Celebrate National Lobster Day With the Top Lobster Stories  


ANALYSIS: Ecuadorian Shrimp Exports Continue to Advance


China’s Frozen Salmon Prices Have Been Dropping; Dealers Stuck with High Cost Inventory  


VIDEO: Maine's Lobster Industry; SAVE Right Whales Act of 2018 and More


Final Sentence Handed Down in Maine Eel Trafficking Case


Fish Radio: Ferry Tests for Ocean Acidity Produce First Results


Lobster Day 2018: Indulge With These 5 Lobster Recipes  


Shelf-Life Extension Co. BluWrap Receives Additional Financing from Existing Investors


SeafoodNews.com Summary Friday, June 15


SeafoodNews.com Summary Friday, June 15


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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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