Fri. Apr 28 2017

Russian Pollock Fisheries Begin MSC Recertification Process, Join Industry Group Within MSC  


West Coast Groundfish Electronic Monitoring Pending NMFS' Approval  


VIDEO: Nissui Backs GSSI; Snow Crab Fishing Starts; India, Gulf, Newfoundland Shrimp Updates


Zhonggang Fisheries is Latest Pacific Andes Subsidiary to Seek Chapter 11 Protection


Cetacean Ban at Vancouver Aquarium Called Threat to Marine Mammals


West African Pelagic Fisheries Start Fishery Improvement Project  


Seafood.com News Summary April 28, 2017


Thu. Apr 27 2017

Russia May Increase Duties on Fish Exports to Slow Shipments Out of Its Market


NGOs Vow to Fight Trump Administration's Executive Order that WIll Review MPA Designations


Responsible Aquaculture Foundation Launches New Seafood Safety Courses  


Iceland's Samherji Boosts Stake in Major Norwegian Fish Producer Nergård  


Seafood.com News Summary Thursday April 27, 2017


Wed. Apr 26 2017

Cozy Harbor Wins Two Seafood Excellence Awards at European Seafood Expo for Retail Lobster Products  


WTO Says Mexico Can Levy $163 Million in Annual Sanctions Against US Over Dolphin Safe Tuna Dispute  


Weak Sockeye Forecast for Cook Inlet This Year  


PODCAST: Gulf Snow Crab Quota Beats Expectation; Whole Salmon Floods US Market; Brussels Show Starts  


Sales of MSC, ASC Labeled Seafood Trended Higher in Germany, UK, Asia, Australia and New Zealand


Vietnam Attempts to Restore Prawns in Australian Market


Developer Outbids Cook’s Lobster Owner to Buy Historic Maine Island Wharf


Blumar Completes First Step Towards Achieving ASC Certification at Chilean Salmon Farms  


Seafood.com News Summary Wednesday April 26, 2017


Tue. Apr 25 2017

Nippon Suisan and its Gortons and Unisea Subsidiaries Partner with GSSI, Along with More Retailers


Newfoundland Price Panel Sets Cold-Water Shrimp Minimum Price at $0.95  


New Brunswick Snow Crab Fishery Opening Today  


Gulf Shrimp Landings in Q1 About Even with Last Year; Market Waits for New Season Production  


Togiak Update: Aerial Surveys Are Underway, No Sign of Herring Yet


VIDEO: Seats Still Open for Urner Barry's Seafood Import Workshop on May 23 in Miami


MSC Celebrates 20th Anniversary with Goal to Certify or Engage 1/3 Global Marine Catch by 2030


Seafood.com News Summary Tuesday April 25, 2017


Mon. Apr 24 2017

Cautious Optimism About Recovery of Canada's Northern Cod Stocks Noted During Meeting in Brussels  


Newfoundland's Fisheries Minister Supports $14 Million Federal Commitment to Study Cod Stocks  


About 500 Walmart Stores in Midwest Market to Carry The Salmon Man's Norwegian Salmon Portions  


Marine Harvest Canada Selects Poseidon Ocean Systems to Build 29 Salmon Pens Around Vancouver Island  


VIDEO: Gulf of St. Lawrence Snow Crab Quota Beats Expectations; European Whole Salmon Floods US  


Vietnam Fails to Score Big in Egyptian Fish Market


Southeastern Grocers, Pole-and-Line Foundation Join in Retail Effort  


Panera to Hire 10,000 as it Expands Delivery Service


Seafood.com News Summary Monday April 24, 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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