Fri. May 25 2018

New Study Projects Habitat Shifts for 686 Fish Species in the Warming 21st Century


Large Quantities of Sick Shrimp Flood Chinese Markets; Prices Drop in South, East China  


ANALYSIS: Shrimp Margin Contracts Due to Oversupply and Low Prices in U.S. Wholesale Market  


ANALYSIS: NL Live Lobster Prices 14% Lower Than Last Year  


U.S., Canada Begin Columbia River Treaty Negotiations  


Russian Fishery Company Plans New Fish Processor 'Russian Pollock' in the Far East  


SeafoodNews.com Summary Friday, May 25


Thu. May 24 2018

ANALYSIS: Tight Year for Snow Crab Supply; Exports Out Strip Imports in March 2018  


Qingdao Tariff Reduction on Russian King Crab Has Resulted in Higher Demand in China  


New Stock Assessment for Pacific Bluefin Tuna Still Dire


Treaty Politics Fuel Criticism at Sitka Salmon Meeting


New England Council Holds Hearings on Herring Rule Changes, Plenty of Input Offered


118 Organizations Call for More Stringent Tuna RFMO Rules


Nearly 200 NC Fishermen Travel to Raleigh for Second Annual Seafood Lobby Day


SeafoodNews.com Summary Thursday, May 24


Wed. May 23 2018

Thai Union Gets Good Marks from Greenpeace, Both Call for More Companies to 'Step Up'


ENGO Study: ESA-listed Marine Mammals, Sea Turtles Are Recovering


Alaska Sea Grant Helps Southern Catfish Processors Improve Efficiency


New Zealand's Sanford Limited Reports Strong First Half Result, International Markets a Highlight  


SeafoodNews.com Summary Wednesday, May 23


Tue. May 22 2018

Chicken Of The Sea International Resolves Antitrust Lawsuit With Walmart


Long John Silver’s Acquires 76 Franchised Restaurants


Seafood News Podcast: Tilapia Market Update; Sea Lion Warning; Alaska Salmon Season; and More


SeafoodNews.com Summary Tuesday, May 22


Mon. May 21 2018

ANALYSIS: Shrimp Replacement Cost From Indonesia Lower Than India    


Qingdao Plans Construction of 3 More Fisheries Economic Zones, Improving Local Access to  


SeafoodNews.com Summary Monday, May 21


Copper River Sockeye Harvest Below Forecast For Opener, But Kings Look Good


IFFO RS Paves Way for Certification Standard Improvements with MEL Report


Basa Industry Growth Forces Vietnam to Work Through Market, Environmental Challenges  


ANALYSIS: Shrimp Replacement Cost From Indonesia Lower Than India


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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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