Clackamas, Oregon, U.S.A.-based Pacific Seafood is fighting back against a lawsuit alleging it has engaged in anti-competitive behavior in the U.S. West Coast Dungeness crab market.
Auburn, California, U.S.A.-based Dungeness fisherman Brand Little filed a class-action lawsuit in March 2023 in the U.S. District Court for the Northern District of California against Pacific, which is one of the largest players in the fishery, accusing it of
… Read MoreDallas, Texas, U.S.A.-based recirculating aquaculture system shrimp-farming firm NaturalShrimp has called off its planned merger agreement with Yotta Acquisition Corporation, a public blank check corporation listed on the Nasdaq Stock Exchange.
NaturalShrimp said the termination of the agreement, announced in October 2022, would have delivered up to USD 105 million (EUR 95.5 million million) in net cash proceeds if it had proceeded, but the
… Read MoreCharoen Pokphand Foods has partnered with the Thai Sustainable Fisheries Roundtable (TSFR) to implement a fishery action plan for trawl fisheries in the Gulf of Thailand.
The fishery is primarily used for raw material for fishmeal, meaning it impacts CP Foods’ supply chain, according to CP Foods. TSFR has created a working group to oversee a fishery improvement project (FIP), and as part of that effort, recently created a fishery action
… Read MoreFinland scored its highest aquaculture production volume in more than 20 years in 2022.
Fish farmers in the Scandinavian country produced approximately 16.3 million kilos of food fish for sale in 2022, according to the Natural Resources Institute Finland. That’s up by more than 2 million kilograms from 2021 and represents the largest volume since the 1990s.
The value of Finnish aquaculture production also rose in 2002 to EUR 102
… Read MoreAfter digging into the financials of its acquisition target Nueva Pescanova, Blacks Harbour, New Brunswick, Canada-based Cooke Inc. lowered its offer to owner Abanca, resulting in the breaking off of negotiations.
In June, Cooke lowered its offer for Nueva Pescanova, originally in the range of EUR 150 million (USD 165 million) plus the assumption of EUR 500 million (USD 552 million) in liabilities in exchange for an 80
… Read MoreTimaru, New Zealand-based seafood company Sanford is celebrating after its Big Glory Bay salmon brand won a Food and Beverage Producer Award at the 2023 Primary Industries New Zealand Awards.
The awards, which acknowledge primary sector food and beverage products with high quality and sustainability credentials, are handed out annually by the New Zealand Ministry for Primary Industries. Sanford’s product won for its sustainability
… Read MoreGlobal fishmeal and fish oil production has plunged following Peru’s cancelation of the main anchovy fishing season in the country’s north-central zone in June 2023.
A drop in fishmeal and fish oil production was expected as a result of the cancelation, as Peru’s anchoveta fishery is the largest reduction fishery by volume in the world.
According to IFFO, The Marine Ingredients Organization, which represents companies
… Read MoreCostco Wholesale Australia has paid AUD 33,000 (USD 22,200, EUR 21,100) in penalties for lack of compliance with country of origin labeling requirements.
According to the Australian Competition and Consumer Commission (ACCC), Costco Australia received two separate infringement notices for selling two packages of lobsters in its Casuarina, Western Australia store labeled “Kirkland Signature PREVIOUSLY FROZEN WHOLE COOKED WA LOBSTER”
… Read MoreMoody’s has downgraded its solvency rating of Vigo, Spain-based Grupo Ibérica de Congelados (Iberconsa) due to its high debt load.
Iberconsa is a vertically integrated frozen seafood specialist, with operations stretching across fishing, processing, manufacturing, wholesale and retail marketing, cold storage, and distribution. The company’s fleet – comprised of 45 vessels in 2019 – operates primarily in Argentina,
… Read MoreChile’s salmon-farming industry lowered its antimicrobial use nearly 32 percent in 2022, according to the country’s National Fisheries and Aquaculture Service (Sernapesca).
The industry’s antimicrobial consumption indicator (ICA) in 2021 was 470 grams per ton, while in 2022 it was 320 grams per ton, a decrease of 31.9 percent, Sernapesca’s 2022 Use of Antimicrobials in Salmon Farming report found. It is the lowest rate
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