Hokkaido Crab Dealer Goes Bankrupt After Russia Tightens Crab Enforcement
SEAFOODNEWS.COM [Japan Reports] - February 15, 2017
A Hokkaido crab dealer has gone bankrupt under the impact of Russia's tightened fishing regulations and soaring procurement costs.
Kanikichi Gyorakuichi Suisan Co., a fresh fish trader based in Kushiro, eastern Hokkaido, was ordered by Kushiro District Court on Feb. 3 to begin bankruptcy procedures.
Its debt amounted to about 189 million yen, according to Kushiro Branch of Data Bank Ltd., a private credit agency.
Kanikichi (president: Kazuyoshi Kamata) was founded in 1999 ...
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