Fri. May 10 2024
NTSB Determines Cause Behind $56.6 Million Total Loss of Trident’s F/V Kodiak Enterprise
DOL Proposes Removal of Thailand Shrimp From List of Products Produced by Forced Child Labor
2024 Snow Crab Landings Update For NL, Gulf and Maritimes Region As of May 10
Norway Food Safety Authority Confirms ISA At Sjøtroll Havbruk
FFAW, ASP Come To Agreement On 2024 Cod Prices
Seafoodnews.com Summary Friday, May 10
Thu. May 9 2024
VIDEO: FDA Flags Contaminated Shrimp; Red Lobster Sale Update; Mother's Day Celebrations
ANALYSIS: Chilean Salmon Fillet Imports Through First Quarter Down 5.9 Percent
ANALYSIS: The 2023-2024 C&SA Mahi Season Update
Mowi Acknowledges “Biologically Challenging” Q1 in Norway
Arctic Lady Enterprises Files Complaint Against Peter Pan Seafoods
Congress Learns USCG Polar Icebreakers Are 5 Years Late and Will Cost More Than Double
Japan: March Shrimp Imports Up 1% to 13,100 Tons, Increasing for the Third Consecutive Month
FFAW Says Northern Shrimp Fishery Is “Delayed Without Cause”
Annual Shrimp Closure In Gulf of Mexico For Texas and Federal Waters Set For May 15
Seafoodnews.com Summary Thursday, May 9
Wed. May 8 2024
World's Largest Snow Crab Fishery Is Underway — Is The Market Ready For Higher Prices?
The Retail Rundown: Showdown for Consumer Dollars this Mother's Day
Thai Union Confirms In Financial Results That They Expect Red Lobster Sale To Be Completed This Year
Choice Canning Refutes FDA Refusal For Antibiotic-Tainted Shrimp
ANALYSIS: U10 Scallops Rally Ahead of Mother's Day
Alaska Legislature Rejects Dunleavy Appointee to Commercial Fisheries Entry Commission
Cermaq Deficit JPY 20 Billion: Consolidated Mitsubishi Corp. Profit/Loss for FY Ending March 2024
Clean Seas Seafood CFO Resigns; Company Appoints David Di Blasio As New CFO
Seafoodnews.com Summary Wednesday, May 8
Tue. May 7 2024
FDA Flags Choice Canning, 3 Other BAP-Certified Shrimp Exporters For Antibiotic-Contaminated Shrimp
Lerøy Faces Escape of Estimated 14,000 Salmon
The Biggest Takeaways From NOAA’s 2023 Status of Stocks Report
A Deep Dive Into Mother’s Day: Seafood Wins With Special Brunch Menus
Hokkaido Surimi Production Rebounded in March after Three Months
Russia Eyes More Active Expansion of its Fish Exports This Year
Seafoodnews.com Summary Tuesday, May 7
Mon. May 6 2024
USDA Kicks Off May With Open Purchase Requests For Alaska Pollock, Catfish, Salmon and Walleye
2024 Snow Crab Landings Update For NL, Gulf and Maritimes Region As of May 6
Norwegian Snow Crab Sees Strong Growth in April, But King Crab Struggles
ANALYSIS: Two Different Conclusions to This Year's Stone Crab Season
Atlantic Sapphire Lands Former Cermaq Exec As Deputy CEO As Search For New CEO Continues
Eight New Members Named to NOAA’s Marine Fisheries Advisory Committee
Seafoodnews.com Summary Monday, May 6
Previous Week »
Upcoming Events
NTSB Determines Cause Behind $56.6 Million Total Loss of Trident’s F/V Kodiak Enterprise
The National Transportation Safety Board (NTSB) revealed its findings after investigating an April 2023 fire that occurred on board the F/V Kodiak Enterprise, a 276 ft. vessel that is a part of Trident’s catcher/ processor fleet. According to the government agency, investigators were unable to “definitively” determine the cause of the fire due to the extensive damage. However, they were able to determine why the fire resulted in a total loss of the vessel, worth an estimated...
Full Story »DOL Proposes Removal of Thailand Shrimp From List of Products Produced by Forced Child Labor
A notice published in the Federal Register Friday by the Department of Labor (DOL) proposes a revisement to the Executive Order on Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor. The Executive Order identifies a list of products, by their country of origin, that the DOL has “reasonable basis to believe might have been mined, produced, or manufactured by forced or indentured child labor.” According to this new notice, the DOL is proposing to remove shrimp from Thailand from...
Full Story »2024 Snow Crab Landings Update For NL, Gulf and Maritimes Region As of May 10
Snow crab harvesters in the Gulf of St. Lawrence are close to landing the full quota for 2024. According to the latest landings data from the Department of Fisheries and Oceans (DFO), 82.78% of the total allowable catch (TAC) in Area 12 has been landed as of May 10.
The 2024 quota for Area 12 — including traditional fleet (01), First Nations (02) and New Access (03) — was set at 22,236.416 t and revised to 21,756.074 t. The season opened April 1 and...
Full Story »Norway Food Safety Authority Confirms ISA At Sjøtroll Havbruk
The Norwegian Food Safety Authority confirmed earlier this week that Sjøtroll Havbruk AS is facing an infectious salmon anemia (ISA) outbreak at its facility in Sveio municipality in Vestland county.
Sjøtroll Havbruk first notified the Norwegian Food Safety Authority of a possible finding compatible with ISA on April 25. Samples were conducted by the agency a few days later, and by May 8 the Food Safety Authority was able to confirm that the disease was indeed present at the fish farm.
Sjøtroll Havbruk, which is...
Full Story »FFAW, ASP Come To Agreement On 2024 Cod Prices
The Fish, Food and Allied Workers (FFAW) Union and the Association of Seafood Producers (ASP) were able to come to an agreement this week on 2024 cod prices. FFAW revealed that the schedule will remain the same as 2023, with harvesters receiving a 5% increase in price from last year.
The screenshot below explains the prices at the start and end of the season per grade. “Fall” prices begin August 1, 2024.
FFAW says that the 5% increase from last year is...
Full Story »VIDEO: FDA Flags Contaminated Shrimp; Red Lobster Sale Update; Mother's Day Celebrations
Seafoodnews Weekly Video host Amanada Buckle is joined by Urner Barry Seafood Market Reporter Josh Bickert to break down some of the biggest stories of the week, including the FDA flagging contaminated shrimp; an update on the sale of Red Lobster; and Mother’s Day celebrations.
Subscribe to our YouTube channel. And don’t forget to head over to Seafoodnews.com or visit the Seafood tab in COMTELL for a comprehensive look at the latest market and industry news.
Full Story »ANALYSIS: The 2023-2024 C&SA Mahi Season Update
The 2023-2024 mahi fishing season in C&SA stands out from prior years for several reasons. Foremost among them was the significant speculation surrounding the potential occurrence of an El Niño event, which could impact water temperatures, fishing yields, and even signal a shortage in inventory. However, what truly marked this season was the absence of U.S. buyers eagerly awaiting to bid on products just landed. Typically, when boats return to port there is quite a bit of bidding from processing plants...
Full Story »Arctic Lady Enterprises Files Complaint Against Peter Pan Seafoods
Struggling Peter Pan Seafoods is taking yet another hit — this time from Arctic Lady Enterprises. Court documents released show that last month Arctic Lady Enterprises filed a complaint against Peter Pan in an Alaska court, alleging that they caught, delivered and sold seafood products to Peter Pan and never received payment.
Arctic Lady Enterprises, the owner of the F/V Arctic Lady, conducted fishing operations in Alaska, catching pollock and pacific cod for Peter Pan between January 4, 2023 and October 14, 2023. Payment to...
Full Story »Japan: March Shrimp Imports Up 1% to 13,100 Tons, Increasing for the Third Consecutive Month
Japan’s Ministry of Finance recently announced that the amount of shrimp imported in March was 13,127 tons, an increase of 1.1% from last year. This is the third consecutive month of positive growth since January. The amount decreased by 2.5% to 17,983 million yen. Although there are signs of recovery in imports due to low inventories as a result of a decline in imports in 2023, a cautious stance continues as the yen weakens, reported Suisan Keizai Shimbun.
The "other frozen shrimp category," which...
Full Story »Annual Shrimp Closure In Gulf of Mexico For Texas and Federal Waters Set For May 15
NOAA Fisheries has confirmed that the annual closing of the Gulf of Mexico commercial shrimp season off the Texas coast will take place on May 15. A closure is necessary in order for brown shrimp to reach a larger — and therefore more valuable — size.
“The goal of this closure is twofold,” commented Robin Riechers, the Coastal Fisheries Division Director for Texas Parks and Wildlife. “Allowing shrimp to migrate into Gulf waters gives them time to mature and grow before the...
Full Story »The Retail Rundown: Showdown for Consumer Dollars this Mother's Day
Grocers and foodservice are preparing for a showdown with Mother's Day just a few days away.
The upcoming holiday typically favors foodservice sales over retail as consumers celebrate their loved ones by visiting a dining establishment. According to the National Restaurant Association, 34% of consumers will dine out this Sunday, particularly during lunch and dinner. An additional 12% will order takeout or delivery.
However, retailers have a few tricks up their sleeves to get shoppers through the door by promoting deals on flowers, cards, gifts, and more. Grocers...
Full Story »Choice Canning Refutes FDA Refusal For Antibiotic-Tainted Shrimp
Over the weekend the U.S. Food and Drug Administration (FDA) released its seafood entry line refusals for the month of April. One of the companies flagged by the government agency for shrimp contaminated with veterinary drug residues was India’s Choice Canning. However, the company is refuting those claims, revealing in documentation shared with Seafoodnews that the three shrimp lines in question that were refused entry into the U.S. were by a different company that was using Choice Canning’s name.
As Seafoodnews reported on Tuesday, Choice Canning, which has...
Full Story »Alaska Legislature Rejects Dunleavy Appointee to Commercial Fisheries Entry Commission
In a tie vote on Tuesday, Alaska lawmakers rejected Mike Pocaro, who has been serving as one of two commissioners on Alaska’s Commercial Fisheries Entry Commission (CFEC) since he was appointed last summer.
The vote was one of three other rejections among approvals for many other state board and commission appointments, by wide margins.
Pocaro, a conservative talk radio host and owner of an advertising company, was a strong supporter of Govenor Mike Dunleavy as a candidate and became part of the team running the campaign in...
Full Story »Clean Seas Seafood CFO Resigns; Company Appoints David Di Blasio As New CFO
Clean Seas Seafood announced on Wednesday that its current Chief Financial Officer, David Brown, has resigned in order to “pursue an opportunity outside of the company.” Brown has served as CFO for Clean Seas for the past four years. Now, Yumbah Aquaculture alum David Di Blasio will be taking the reins as the new CFO of Clean Seas Seafood.
“David Brown has made an outstanding contribution to Clean Seas over the last seven years, having served as our CFO for...
Full Story »Lerøy Faces Escape of Estimated 14,000 Salmon
An estimated 14,000 fish are reported to have escaped a Lerøy Midt facility in Norway’s Hitra municipality. The company confirmed the escapement, with general manager Harald Larssen commenting that “this should not happen.”
“We have a vision of zero escapes, and take this very seriously,” said Larssen.
The escaped fish in question are said to weigh approximately 7.3 kilos each. The company has brought in additional resources to not only secure the pen, but also recapture as many of the escaped fish as possible. Lerøy has already deployed more than...
Full Story »A Deep Dive Into Mother’s Day: Seafood Wins With Special Brunch Menus
Mother’s Day is this Sunday and the National Retail Federation reports that spending in 2024 is expected to reach $33.5 billion. While greetings cards and flowers are always at the top of the list for gift purchases, special outings round out the top three in gift categories for mom. And although “special outings” can mean anything from a concert or exhibit to brunch or dinner, we’re going to focus on the dining element of the holiday—because let’s be honest…mom doesn’t want to cook...
Full Story »Russia Eyes More Active Expansion of its Fish Exports This Year
Amid the ever tightening restrictions on the exports of Russian fish and seafood to the U.S. and the EU, Russian fish producers and regulators are looking for new foreign directions for their export supplies. As part of these plans, the All-Russian Association of Fisheries Producers (VARPE) has recently proposed the Russian agricultural regulator, Rosselkhoznadzor, to expand access to the markets of countries such as India, Chile, Peru, Argentina, and Vietnam, with a potential import volume of about 275,000 tons per...
Full Story »2024 Snow Crab Landings Update For NL, Gulf and Maritimes Region As of May 6
More than 75% of the snow crab quota in the Gulf of St. Lawrence has been landed.
According to the latest landings data from the Department of Fisheries and Oceans (DFO), 76.45% of the total allowable catch (TAC) in Area 12 has been landed as of May 6. The initial quota for Area 12 — including traditional fleet (01), First Nations (02) and New Access (03) — was set at 22,236.416 t and revised to 21,756.074 t. The season opened April 1 and...
Full Story »ANALYSIS: Chilean Salmon Fillet Imports Through First Quarter Down 5.9 Percent
The farmed salmon market saw imports of fresh fillets through the first quarter of the year fall behind 2023. Year-to-date levels are trailing 2023 by 4.2 percent. Out of Chile, the leader in the category with a 73 percent market share, imports of fresh fillets are down 5.9 percent YTD. Imports out of Norway, on the other hand, are up 11.4 percent through March 2024 as compared to 2023. The Netherlands, another European producing country that processes, are also...
Full Story »Mowi Acknowledges “Biologically Challenging” Q1 in Norway
Mowi released its Q1 2024 results this week, reporting revenues of 1.33 billion euros in the first quarter, compared to 1.36 billion euros in Q1 2023. Mowi CEO Ivan Vindheim chalked up the decrease in revenue to “challenges” related to a cold winter, winter sores and an “unusually high prevalence of string jellyfish."
“Consequently, I am pleased to see the situation in Norway has improved considerably in the second quarter,” said Vindheim. “We are now vaccinating our smolt with an improved winter sore vaccine which has...
Full Story »Congress Learns USCG Polar Icebreakers Are 5 Years Late and Will Cost More Than Double
Earlier this week, the House Homeland Security Transportation and Maritime Security, chaired by Rep. Carlos Gimenez (R-FLA), heard from the staff of Congress’ own budgeting, accountability, and research offices, that the three polar icebreakers the U.S. Coast Guard promised are now five years behind schedule and will cost $5.1 billion, more than twice the original estimate of less than $2 billion.
“The Coast Guard originally aimed to have the first PSC (polar security cutter) delivered in 2024, but the ship’s estimated...
Full Story »FFAW Says Northern Shrimp Fishery Is “Delayed Without Cause”
Members of the Fish, Food and Allied Workers (FFAW) met with the DFO regional office this week to discuss issues surrounding the delayed opening of Shrimp Fishing Area (SFA) 6. While the DFO could not provide the union with a hard deadline, FFAW says that they “alluded to an end of May target.”
In March the Minister of Fisheries and Oceans announced an extension to complete the rebuilding plan for the stock in SFA 6. “The rebuilding plan development timeline for northern shrimp in SFA 6 was...
Full Story »World's Largest Snow Crab Fishery Is Underway — Is The Market Ready For Higher Prices?
Federal Reserve Chair Jerome Powell has expressed that the current interest rates are restrictive which could potentially slow economic activity and aid in curbing inflation. Last week he suggested that a further rate increase is "unlikely," providing a positive jolt to the markets. However, Powell also stepped back from earlier indications of potential rate cuts, stating that the Fed needs to be assured that inflation is on a definite return to the target level. source: WSJ
In related economic trends, there are signs that...
Full Story »Thai Union Confirms In Financial Results That They Expect Red Lobster Sale To Be Completed This Year
Thai Union has released its financial results for Q1 of 2024, for the three month period ending March 31, 2024. While the report is full of wins for the seafood giant —particularly in the PetCare side of its business—all eyes are on updates regarding Thai Union’s exit from Red Lobster.
As previously reported by Seafoodnews, the company made a decision to exit its minority investment in the seafood restaurant chain in the fourth quarter of 2023.
“The combination of...
Full Story »ANALYSIS: U10 Scallops Rally Ahead of Mother's Day
The Atlantic sea scallop sector has reported conflicting pressures dependent upon scallop size, affecting the market as the season closes out the second month of the 2024-2025 fishing year. Framework Adjustment 38 to the Atlantic sea scallop Fishery Management Plan has resulted in an estimated harvest of 27.4 million pounds of Atlantic sea scallops for the new season that began April 1, 2024, a 2.4 million pound increase from the previous year, marking the first quota increase since 2019.
As seasonally expected, prices began to...
Full Story »Cermaq Deficit JPY 20 Billion: Consolidated Mitsubishi Corp. Profit/Loss for FY Ending March 2024
Among the consolidated results of Mitsubishi Corporation for the fiscal year ending March 2024, the Cermaq Group, a subsidiary dedicated to salmon farming, processing, and sales, faced significant challenges. The profit and loss of the group was in the red, recording a loss of 20.3 billion yen ($130.44 million), a stark contrast to the previous fiscal year's surplus of 30.8 billion yen ($197.91 million). Minato Shimbun reported that the factors contributing to this downturn were...
Full Story »FDA Flags Choice Canning, 3 Other BAP-Certified Shrimp Exporters For Antibiotic-Contaminated Shrimp
India’s Choice Canning has been flagged by the U.S. Food and Drug Administration (FDA) for antibiotic-positive shrimp just weeks after a whistleblower accused the company of shipping antibiotic-tainted shrimp to the U.S.
The FDA recently published its seafood entry line refusals for the month of April. The government agency documented 89 entry line refusals, 15 of which (16.9%) were for shrimp related to banned antibiotics. Those 15 entry lines were split amongst four companies — one of which was the embroiled...
Full Story »The Biggest Takeaways From NOAA’s 2023 Status of Stocks Report
Last week NOAA Fisheries released its annual “Status of Stocks,” a report that highlights the work that the government agency, the eight Regional Fishery Management Councils, and other partners are doing to ensure the sustainability of fisheries and fishing communities.
As of 2023, NOAA Fisheries manages a whopping 506 stocks or stock complexes in 45 fishery management plans. Prior to last year, NOAA managed 492 stocks/ stock complexes. The latest report, an 11-page document, takes a look at the data from 2023, revealing stocks that have...
Full Story »Hokkaido Surimi Production Rebounded in March after Three Months
According to the National Surimi Manufacturers Association, Hokkaido land-based surimi production in March improved due to the impact of the significant increase in pollock catch over the previous year.
According to a report by Suisan Keizai Shimbun, the production volume of pollock surimi in March was 160 tons, an increase of 12.7% compared to the same month last year, while the production of Atka mackerel surimi was only 14 tons, a 70.2% decrease. Including some other surimi, total production increased by 5.0% to...
Full Story »USDA Kicks Off May With Open Purchase Requests For Alaska Pollock, Catfish, Salmon and Walleye
The U.S. Department of Agriculture (USDA) kicked off the month of May with three seafood open purchase requests.
On May 2 a bid invitation went out for a total of 392,000 lbs of catfish products for use in domestic food distribution programs. According to the document, the USDA is seeking 152,000 lbs of catfish fillets (unbreaded, raw, pkg 20/2), and 240,000 lbs of catfish strips (breaded, oven ready, pkg 4/10). Offers are due by May 9, with acceptances set to...
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