Fri. Oct 31 2014

Salmon surges to become 2nd heaviest consumed fish in the US, surpassing tuna for the first time  


Retailers using current salmon price decline to expand margins by raising promo prices  


Oceana blasts Monterey Bay Aquarium, and shrimp industry, with fictional report of mislabeling  


Southern Pacific Regional Fisheries Mgt Organization may list Pacific Andes Lafayette as IUU vessel


ASMFC orders 25 percent cut in Atlantic Coast striped bass catch next year


EU report alleges rampant overfishing of tuna by China


Japan may ask importers to shun Mexican bluefin as Mexico resists IATTC proposal on juveniles  


Rabobank sees bright future for aquaculture globally, and strong growth in Australia


Eastern Pacific bluefin tuna catch to be cut 40 percent to 3,300 tons  


American Shrimp Processors see Oceana's report as helpful to their campaign against imported shrimp  


Portland, ME fish landings equaled Gloucester last year, trouble lies ahead for both ports


Cermaq and Marine Harvest both foresee moderate production growth, strong salmon pricing in 2015  


China, Russia again block CCAMLR Ross Sea and east Antarctica conservation proposals


J.P.'s Shellfish owner sentenced to 45 day prison term, fined $100,000


Icelandic names Árni Geir Pálsson as new CEO to replace exiting Magnús Bjarnason


Clearwater Seafoods reports record Q3 results, sales up 17.6 percent over-year-ago


Mitsubishi cements Cermaq deal, holds 92.16% in target  


Q3 U.S. GDP growth of 3.5 percent may be as good as it gets


Wakefern posts $14.7 billion in retail sales, a new record


Meg Ham named president of Food Lion


Seafood.com News Summary Friday Oct 31, 2014


Thu. Oct 30 2014

Seattle B season pollock roe prices fall on largest volume in 10 years  


Ecuadorian shrimp prices fall a bit as Chinese buying slows ahead of Qingdao show  


New Atlantic bluefin tuna assessment shows stunning improvement in abundance  


2013 US Fisheries Report notes higher domestic landings and values; record salmon haul


Lack of freezer capacity in Vladivostok threatens herring fishery, cold stores nearly full  


AK's massive 2013 salmon haul vaults Kodiak into top three among US ports for landings (Fish Radio)


ASMFC may shut down Maine shrimp season again  


Monterey Bay designates BAP approved pangasius as "Good Alternative" under its Seafood Watch program  


Mekong Delta pangasius farming area expanded to 7,000 hectares, largest ever  


Rabobank: 30-40 million tonnes more seafood needed to meet global demand by 2030


Moving mammoth Tskuiji market to take two years and cost $3 billion


Ignite's Q3 Joe's Crab Shack comps down 4.4 percent


Tech company Alkame Holdings to develop indoor shrimp farm after buying CO's High Country Shrimp


Chile confirms ISA outbreak has not spread beyond Cepqulean's Ballena 4 salmon farm


Sanctions may speed up smolt breeding facilty for Russia's Murmansk salmon farms


Several thousand Pakistani fishermen missing after cyclone Nilofar hits


GMA denounces Environmental Working Group "Food Scores" program


DineEquity raises year-end sales forecast for Applebee's


Seafood.com News Summary Thursday October 30, 2014


Wed. Oct 29 2014

Fresh Atlantic halibut prices soar as Pacific season winds down  


Vietnam expands shrimp hectares 5%, says production reached 395,000 tons through 3 quarters of 2014  


AquaBounty blasts reports of operating irresponsibly in wake of Panamanian fine


Unusual decline in Select-sized live lobster prices credited to supply surge ahead of Nov openings  


Sanford Ltd. announces changes in senior executive team


SE Alaska's salmon haul edges out PWS this year while state's halibut season wraps up (Fish Radio)  


Guangzhou salmon: consumer preference for 'Norwegian' leads to widespread falsification, smuggling  


Growing Atlantic bluefin tuna stock raises possibility of increase in Canada's quota  


Canada's Kuterra gets a "Best Choice" rating from Monterey Bay for its land-raised Atlantic salmon


EWOS earmarks a few million dollars to upgrade newly acquired Chilean salmon producer Nova Austral


Gordon Food Service building $58 million North Carolina DC


Opposition to USDA designation of "Organic" for ocean farmed fish continues


Portland Harbor lobsterman, wharf owner retires after 75 years hauling traps


Emergency ISA harvest underway at one of Chilean salmon producer Cupquelan's farming sites


Cameron Mitchell opens flagship Ocean Prime in Beverly Hills, NYC soon to follow


Northern Lights Seafood in Main Brook producing Newfoundland's first half shell scallops


Sealord signs quota pooling deal with iwi


Down East aquaculture research institute gets $2 million grant


China moving into the premium caviar market with Lake Hangzhou sturgeon


EC proposes reduced quotas, particularly for herring off Scotland and Ireland


Seafood.com News Summary Wednesday October 29, 2014


Tue. Oct 28 2014

FDA promises answer to Congress soon on Alaska pollock nomenclature issue as pressure heats up  


Alarming new research suggests much of BP's spilled oil remains on the Gulf ocean floor


Threat to salmon in Southeast Alaska from BC copper and gold mines demands State dept. action


Bahamas cracks down on spiny lobster poachers with 30% production drop blamed on illegal fishing  


Young's sees surge in fresh fish sales, especially in branded items like Funky Fish


James Hook lobster company will use its prime Boston waterfront location to build a high rise


Halloween deadline set for PEI's lobstermen to vote on penny per pound marketing levy program  


Atlantic States MFC cuts Maine elver quota 17% for next year; is 2nd most valuable state fishery  


Plenty of Norwegian salmon is still finding its way into Russia  


Ocean acidification among NOAA's top priorities under agency's newest director (Fish Radio)


C&S Wholesale reported to be successful bidder for Associated Wholesalers (AWI)


NH fishermen make lucky rescue of crew of sinking boat off Gloucester, MA


Popeyes running new Buttermilk Biscuit Butterfly Shrimp combo in November seafood promotion


Seafood.com News Summary Tuesday October 28, 2014


Jon Hindar not happy with Cermaq's Q3 results, particularly in Chile


Post-takeover, Rubio's is emphasizing grilled fish


Aquabounty fined $9,500 in Panama due to lack of proper discharge permits


Port Orford, Oregon, home to a Dungeness fleet, suffers $1 million worth of storm damage


Putin "recommends" that Kamchatka governor subsidize rail shipments of fish products


Beaver Street, HJ Baker join GAA's ranks of Governing Members


Woolworths commits to sourcing all of its farmed seafood from ASC or equivalent standard by 2020


Denny's Q3 profit up 18.7 percent, best comps increase in two and a half years


Study: Sleeper sharks may kill Steller sea lions  


U.S., Japan, S. Korea remain largest importers of Vietnam seafood in Jan-Sept


Mon. Oct 27 2014

India seafood exporters say rate of EU rejections lowest ever, press reports painted false picture  


Worst congestion in a decade threatens retailer holiday shipments from Long Beach and Los Angeles


Shortage of tilapia seedlings reported in many Chinese provinces; tilapia price expected to rise  


Maine's lobster processors find lack of interested workforce in trying to expand operations  


FDA finds wholesale seafood products are labeled correctly 85% of the time


Seafood.com News Summary Monday October 27, 2014


Vietnam upgrading Hon Ro Port with clean water for defrosting tuna for export


Demoulas Market Basket sales up sharply, opening first of five new stores


Arizona State tests show antibiotic levels in shrimp and seafood all in compliance under FDA regs  


South Carolina commercial shrimp fishing off to better start as industry gets past disastrous 2013  


NOAA reduces king crab mortality off Kodiak coast by removing abandoned "ghost pots" (Fish Radio)


Rome Packing recalls some Jonah crab leg meat products for listeria, no illnesses reported


Louisiana shrimp catch reaches pre-Katrina mark; September haul is 7.9 million pounds  


Maryland DNR survey finds healthy level of striped bass reproduction


Japan may press Mexico to control IUU fishing by restricting imports of Mexican bluefin tuna  


Century Pacific Food, Philippines largest canner, joins ISSF


EMS disease still plaguing Thai shrimp, volume expected to drop to 200,000 tons this year  


India's MPEDA promises support to Vizag fishing industry devastated by cyclone


Major salmon farmers plan to restrain growth to reduce risk despite growing demand  


Philippines rushes to pass tougher IUU law to avoid ban from EU on exports


Thailand launches EU charm offensive to defend its shrimp industry  


Letters: Indian exporter says he was misquoted about rejections, antibiotics  


Russians report no salmon shortage, as third country imports soar; but 25% higher prices  


Feds approve Postal Service test of grocery delivery



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McDonald's Japan launches Tofu Shinjo McNugget featuring minced whitefish and tofu

SEAFOODNEWS.COM [CNN] by Yoko Watasuki and Madison Park - July 30, 2014 

If you're wary of chicken and beef products after a major meat supply scandal in Asia, the McDonald's in Japan could have an alternative for you -- tofu and fish nuggets.

On Wednesday, McDonald's in Japan rolled out Tofu Shinjo McNuggets, a doppelganger of the Chicken McNugget made from a mishmash of minced white fish, tofu and vegetables including edamame, soy beans and carrots. Deep-fried to a golden-brown and shaped just like the original chicken version, the Tofu Shinjo McNugget is crispy on the outside and mushy on the inside.

The fast food chain is known for adding dishes with local flavor to its menu...

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Salmon surges to become 2nd heaviest consumed fish in the US, surpassing tuna for the first time

SEAFOODNEWS.COM by John Sackton - Oct 31, 2014

The record salmon landings in Alaska in 2013, combined with the huge production of pink salmon, have pushed salmon past tuna as the second most consumed seafood in the United States, after shrimp.

Imports of farmed salmon in all forms increased from 590 million to 620 million lbs, which is only 5%, meaning that it was Alaska salmon that drove the increased consumption.   Incidentally, this year, salmon imports year to date are up 8% meaning that this strong consumer usage of salmon is continuing...

Full Story »

Retailers using current salmon price decline to expand margins by raising promo prices

SEAFOODNEWS.COM by Michael Ramsingh - October 31, 2014

Retailers are still making up for some lost margins in their promotional salmon sales this fourth quarter as ad prices continue to remain stable to slightly higher during a seasonal plummet in the wholesale market.

Promotional salmon prices trended 6 percent higher on average in retail stores this month compared to last October and are up roughly 4 percent from 2011.

This retail behavior directly contrasts the current wholesale market situation where prices have been in a seasonal decline since the summer...

Full Story »

Oceana blasts Monterey Bay Aquarium, and shrimp industry, with fictional report of mislabeling

SEAFOODNEWS.COM  by John Sackton  Oct 30, 2014

Oceana put out with great fanfare a false report today claiming that 30% of the shrimp sold in the US is mislabeled, and also blasting the Monterey Bay Aquarium's Seafood Watch list for having shrimp listed in all three categories: best choice, good alternative, and avoid.
 
This is part of an Oceana campaign to scare American consumers about seafood.  They recently put out a similar report on mislabeled fish, not bothering to tell readers that all but one of their samples were of snapper and grouper species, where there is a well known mislabeling issue that has also been flagged by the FDA...

 

Full Story »

Southern Pacific Regional Fisheries Mgt Organization may list Pacific Andes Lafayette as IUU vessel

SEAFOODNEWS.COM [Stuff.co.nz] By Michael Field - October 31, 2014 -

A Chinese super-fishing boat that changes flags and names routinely as it illegally fishes the South Pacific is to be declared a pirate ship by a Wellington based international control agency.

Damanzaihao, flying the Peruvian flag, it is the world's largest fishing vessel at 49,367 tons but no one knows what it does in the waters between New Zealand and South America.

Wellington-based South Pacific Regional Fisheries Management Organisation (SPRFMO) wants to have the converted super tanker declared an "illegal unreported unregulated" (IUU) ship – bureaucratic speak for a pirate fishing boat...

Full Story »

ASMFC orders 25 percent cut in Atlantic Coast striped bass catch next year, smaller cut for Chesapeake bay

SEAFOODNEWS.COM [Baltimore Sun] By Timothy B. Wheeler - October 31, 2014 -

Moving to counter worrisome declines in one of the East Coast's most prized fish, an interstate commission has ordered a 25 percent cutback in the catch of striped bass along the Atlantic coast next year and a somewhat more gradual reduction by anglers and commercial fishermen in the Chesapeake Bay.

The decision by the Atlantic States Marine Fisheries Commission during its meeting this week in Mystic, Conn., came in response to a warning last year by scientists that striped bass — Maryland's state fish, also known as rockfish — were on the verge of being overfished. Experts predicted the number of spawning females would slip to unsustainable levels within the next year or so...

Full Story »

Japan may ask importers to shun Mexican bluefin as Mexico resists ICCCAT proposal on juveniles

SEAFOODNEWS.COM [BANR Reports] Hokkaido, Oct 31, 2014

Japan is mulling whether to ask importers to shun buying bluefin tuna from Mexico in bid to prevent overfishing of immature fish.

The Fisheries Agency of the Japanese government is considering asking trading houses and other importers to refrain as much as possible from buying Pacific bluefin tuna from Mexico in an apparent bid to encourage the Mexican government to take steps to prevent overfishing in its near-shore waters where many immature bluefin tunas are found, according to a knowledgeable source on October 25.
 
The envisioned request by Japan is seen to represent a rare step toward realizing effective stock management as the world’s largest tuna consuming country.
 
A special meeting of the Inter-American Tropical Tuna Commission (IATTC) is slated in California from October 27 ...

Full Story »

Eastern Pacific bluefin tuna catch to be cut 40 percent to 3,300 tons

SEAFOODNEWS.COM [Jiji Press] - October 31, 2014 - 

The Inter-American Tropical Tuna Commission, comprising a total of 21 countries and regions, has decided to tighten controls on bluefin tuna fishing in the eastern Pacific.

The decision was made at a special session of the commission in La Jolla, Calif., on Wednesday, according to Japanese officials.

Bluefin tuna catches in the ocean region will be reduced by 40 percent from the 2014 level to 3,300 tons in both 2015 and 2016.

The commission also set a nonbinding goal of cutting the proportion of young tuna weighing less than 30 kilograms in total catches to 50 percent...

Full Story »

American Shrimp Processors see Oceana's report as helpful to their campaign against imported shrimp

SEAFOODNEWS.COM [SCOM] October 31, 2014

The American Shrimp Processors Association has issued supportive response to Oceana's report of shrimp mislabeling among restuarants and retailers. The group said the report gives them an opportunirty for their group to educate foodservice professionals understand the differences between domestic and imported shrimp.

The ASPA accounts for the vast majority of domestic, U.S. production of warm-water shrimp from Gulf and South Atlantic waters, and said they are concerned with the findings of Oceana's report.  They dovetail with the groups previous campaigns against imported shrimp, in which they often claim - based on little evidence - that imported shrimp have quality issues.  

The membership encourages the use of wild caught Gulf shrimp, and is currently enjoying premium prices.

“We are encouraged that the problem does not seem to be at the producer/processor level....

Full Story »

Ecuadorian shrimp prices fall a bit as Chinese buying slows ahead of Qingdao show

SEAFOODNEWS.COM by Michael Ramsingh - October 30, 2014

Anecdotal reports are indicating that Chinese buyers have slowed down their Ecuadorian shrimp purchases ahead of a major seafood expo in the Qingdao province. At the same time, overall demand for Latin American shrimp was reported quiet and weaker prices have been noted in the market for mid to smaller sized product from the region for the first time in weeks.

Earlier this week Urner Barry quotations for 31-35 and smaller sized shrimp up to 51-60s out of Latin America fell between one and two percent, or $0.07 and $0.10 compared to last week’s prices...

Full Story »

China, Russia again block CCAMLR Ross Sea and east Antarctica conservation proposals

SEAFOODNEWS.COM -SCOM] - October 31, 2014 -

China and Russia have once again blocked international efforts to protect key areas in the Ross Sea and east Antarctica at this year's meeting of The Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR).

24 nations and the EU comprise CCAMLR membership. The proposed designations would have ensured the long-term protection of many species, including penguins, seals and whales.  A joint US-NZ proposal to designate a Ross Sea MPA of 1.32 million km2 (with 1.25 million km2 area proposed as “no take”) was also under consideration. Australia, France and the EU once again proposed an MPA to protect 1.2 million km2 of East Antarctic waters.  Their proposal would allow for exploratory and research activities within the MPA if they are consistent with the maintenance of the MPA’s objectives.

Full Story »

New Atlantic bluefin tuna assessment shows stunning improvement in abundance

SEAFOODNEWS.COM [Saving Seafood] - October 30, 2014 - 

When ICCAT convenes its annual meeting in Genoa, Italy on November 10, 2014. The most important item on the meeting's agenda will be a stunning increase in abundance of this iconic fish on both sides of the Atlantic.

The Standing Committee for Research and Statistics (SCRS) reported that west Atlantic bluefin biomass has increased significantly each year since 2009 and stated that present data on the west Atlantic stock validates that it is not "overfished" and "overfishing" is not occurring.

The SCRS report stated that an increase in quota, up to 2,250 mt from its presently level of 1,750 mt, is consistent with ongoing ICCAT management objectives. According to the stock assessment, 3,050 mt is the new estimated maximum sustainable yield for the west Atlantic bluefin stock and it is up from the prior level of 2,582 mt in the 2010 stock assessment...

Full Story »

Clearwater Seafoods reports record Q3 results, sales up 17.6 percent over-year-ago

SEAFOODNEWS.COM [SCOM] October 31, 2014 - 

Clearwater reported record sales of $134.1 million and adjusted EBITDA of $30.9 million for the third quarter of 2014 vs. year-ago sales of $114.0 million and adjusted EBITDA of $28.9 million.

The growth in both sales and adjusted EBITDA was driven by strong market demand particularly for turbot and clams along with higher prices for scallops, shrimp and lobster.  There was also a $5.3 million foreign exchange gain.

CEO Ian Smith said, "Looking to the longer-term, we are encouraged by a recent Agricultural Outlook published by the OECD-FAO that predicts growth in seafood pricing is expected to outpace other proteins by almost 3 times from now until 2020."

Full Story »

Q3 U.S. GDP growth of 3.5 percent may be as good as it gets

Washington, DC,  The US economy did well in the third quarter, growing at an annualized pace of 3.5 per cent, but boom times are still as distant as ever. This is what the entrails of the report reveal.

(1) The best may already be over . . .

After a dismal first quarter, when terrible weather led to a fall in gross domestic product, 2014 has delivered a long-awaited pick-up in US growth. The third quarter’s 3.5 per cent annualized pace follows on from 4.6 per cent in the second.

But the good times may already be over. Macroeconomic Advisers, a consulting firm, now puts its tracking estimate for GDP growth in the fourth quarter at 2.4 per cent, a figure that has come down steadily. Weaker durable goods orders point to less investment. Slow growth around the world equals less trade.

 

Full Story »

2013 US Fisheries Report notes higher domestic landings and values; record salmon haul

SEAFOODNEWS.COM by Peggy Parker - Oct. 30, 2014

The industry’s “state of the State” report, issued by NOAA yesterday, describes an industry driven very much by wild capture fisheries.

In Fisheries of the United States 2013, U.S. fishermen landed 9.9 billion pounds of fish and shellfish, an increase of 245 million pounds from 2012. Much of that was due to the massive salmon landings in Alaska -- a state record of pinks in Prince William Sound. Total landings of wild salmon topped one billion pounds, setting a new record, up 68 percent from 2012. Alaska accounted for 95 percent of U.S. landings.

Full Story »

Lack of freezer capacity in Vladivostok threatens herring fishery, cold stores nearly full

SEAFOODNEWS.COM  by Eugene Gerden Oct 30, 2014

Russia is experiencing a shortage of refrigerated storage capacity for fish which is the result of the activities of market speculators, according to German Zverev, President of Russian Pollock Association.
 
According to him, the current situation remains very complex, due to the start of the herring fishing season in the country and the inability of Vladivostok to provide fish storage capacity, which is currenly estimated at only 4,000 tonnes
 
According to the Russian Federal Fishery Agency (Rosrybolovstvo), total storage capacities of the Primorye seaports are currently estimated at 69,150 tonnes, which are currently filled by about 52,200 tonnes of fish (75.5% of total capacity).
 
According to predictions of Rosrybolovstvo, the total volume of herring catch in Russia this year is expected to reach 450,000 tonnes, of which about 350,000 tonnes will be Pacific herring.
 
According to state plans, this will help to compensate for a lack of herring imports to Russia, which were banned by the Russian government and which had a total volume estimated at about 100,000 tonnes...

Full Story »

Fresh Atlantic halibut prices soar as Pacific season winds down

SEAFOODNEWS.COM By Peggy Parker - Oct. 28, 2014

Fresh Atlantic halibut is gaining market share in New England and points south on the east coast, despite the huge increases in price as the Pacific halibut season winds down.

In late August, we reported on the convergence of prices for fresh halibut at the Fulton Fish Market for Atlantics and FOB Seattle for Pacific halibut. Prices remained closely tied, with prices for...

Full Story »

Vietnam expands shrimp hectares 5%, says production reached 395,000 tons through 3 quarters of 2014

SEAFOODNEWS.COM [SCOM] Oct 29, 2014

According to a statement from VASEP reported in the National Times, Vietnam's shrimp producers have been able to dramatically expand output this year. With a relatively short supply of shirmp due to diseases in Thailand and China, Vietnam has seized an opportunity.  

Vietnam has rapidly increased proactive farming area to take this opportunity, especially in the Mekong Delta provinces....

Full Story »

EU report alleges rampant overfishing of tuna by China

SEAFOODNEWS.COM [Quartz] By Gwynn Guilford - October 31, 2014 -

A scrapped IPO offers a raw look at China’s rampant overfishing of tuna

China hauls in 12.5 times more fish that it admits to catching, according to a report by the EU parliament, and regularly exceeds international limits on fishing certain species. How can China be so casual about flouting its commitments? The drama surrounding a recent Hong Kong draft IPO filing and its hasty withdrawal—offers some clues, as flagged by the Guardian’s Shannon Service.

The company in question is China Tuna Industry Group, the biggest player in the Middle Kingdom’s huge tuna fleet. China Tuna, which currently has about $62 million in annual sales, was seeking to raise $100 million to expand its operations...

 

Full Story »

Rabobank sees bright future for aquaculture globally, and strong growth in Australia

SEAFOODNEWS.COM by John Sackton  Oct 31, 2014

The latest Rabobank sector report, authored by Gorjan Nikolik and Matt Costello, who analyze animal proteins for the bank, focuses on Australia, and also the bright future for global aquaculture. 

The driver for Rabobank is that seafood is the most efficient converter of feed to animal protein across all sectors.  With a rising demand for animal protein, the seafood aquaculture sector is best positioned to respond.

"Due to increased global population growth and urbanisation, the ability to produce more with less is going to be a challenge in the future. It is estimated that, to satisfy the forecast food demand in 2050, an additional 200 million tonnes of meat is required to be produced. The feed conversion rate (FCR) for aquaculture – i. e. how efficient an animal is at converting feed inputs into protein – is ahead of all other animal protein sources. For example, salmon requires 1.2 kg of feed to produce 1 kg of output 1/1.2. At the other end of the spectrum, FCR for beef is around 1/8, and poultry is 1/1.8.

The main reasons why aquaculture is an efficient converter include: 

-No gravity under water: no energy wasted when standing still; 

-no need for a heavy bone structure...

Full Story »

Seattle B season pollock roe prices fall on largest volume in 10 years

SEAFOODNEWS.COM by John Sackton - Oct 30, 2014

The auction for B season pollock roe was held in Seattle last week, and overall average prices were down about 7% from the B season roe auction of 2013.
 
Volume was nearly 1300 tons, the highest volume offered at this time in about ten years, and it was 20% more than last year.
 
Trident and American Seafoods did not offer roe products in Seattle, as their roe will be sold in the auction in Busan, South Korea.
 
The lower prices were largely due to the overall production of nearly 60,000 tons of pollock roe...

Full Story »

Portland, ME fish landings equaled Gloucester last year, trouble lies ahead for both ports

SEAFOODNEWS.COM [Press Herald] By Tom Bell - October 31, 2014 -

While the port of Portland has finally pulled even with Gloucester, Massachusetts, in fish landings, it could be a hollow victory as federal regulators prepare to impose a new set of restrictions that will likely batter the groundfishing fleets in both ports.

The ports of Portland and Gloucester tied for second place in New England in commercial fish landings in 2013, according to an annual report released Wednesday by the National Oceanic and Atmospheric Administration. Fishermen in both ports landed 62 million pounds of fish...

Full Story »

Cermaq and Marine Harvest both foresee moderate production growth, strong salmon pricing in 2015

SEAFOODNEWS.COM by John Sackton - Oct 31, 2014

At a recent investor conference both Marine Harvest and Cermaq were on the same page regarding salmon production and pricing in 2015. 
 
Cermaq is predicting 5% growth in 2015 due to synergies with Mitsubishi, which is in the process of purchasing Cermaq, plus strong salmon markets.
 
In a recent investor presentation, Cermaq highlighted the following:
 
-Upcoming Coho season looks promising
-Limited increases in global harvest will maintain strong prices into 2015...

Full Story »

J.P.'s Shellfish owner sentenced to 45 day prison term, fined $100,000 for illegal lobster purcheses

SEAFOODNEWS.COM [Foster's Daily Democrat] - October 31, 2014 -

PORTLAND, Maine, A Kittery, Maine man was sentenced Wednesday to 45 days in prison for structuring currency transactions and for illegally purchasing lobsters.

John W. Price, 59, was also fined $100,000 in U.S. District Court by Judge D. Brock Hornby, according to a press release from U.S. Attorney Thomas E. Delahanty II. Court records reveal that between 2008 and 2010, Price, the owner of J.P.'s Shellfish, a seafood distributor in Eliot, Maine, purchased lobsters for cash from a dock employee of the Spruce Head Fisherman's Co-op in South Thomaston, Maine...

Full Story »

Icelandic names Árni Geir Pálsson as new CEO to replace exiting Magnús Bjarnason

SEAFOODNEWS.COM [SCOM] October 31, 2014

Another shakeup for Icelandic Group's executive has been announced as the company has named a new CEO and Deputy Director. 

Magnús Bjarnason stepped down as CEO while Árni Geir Pálsson, a director of the Board, will become the Group’s new CEO. Jóhann Gunnar Jóhannsson, Chief Financial Officer at Icelandic Group will take up the position of Deputy Director concurrent with his role.

Bjarnason has been in charge of Icelandic for the past two years and successfully led the merger of the Company's UK operations into a single company...

Full Story »

Mitsubishi cements Cermaq deal, holds 92.16% in target

SEAFOODNEWS.COM [M&A Navigator] - October 31, 2014 -

Japan’s Mitsubishi Corp (TYO:8058) announced yesterday the settlement of the NOK96.00 (USD14.28) per share offer made by its MC Ocean Holdings Ltd unit for Norwegian salmon and trout farming specialist Cermaq ASA in a deal worth some NOK8.88bn in total on a fully diluted basis.

As a result of the settlement, MC Ocean now holds around 85.2m Cermaq shares, or 92.16% of the outstanding shares and votes. The buyer intends to initiate a compulsory acquisition of the remaining stock and remove Cermaq from the Oslo Stock Exchange. This compulsory acquisition will be carried out early in November, Mitsubishi said.

First announced in September, the deal obtained all necessary regulatory approvals last week. Cermaq, which was majority owned by the state, operates in Norway, Chile and Canada. The business booked NOK5.1bn in 2013 revenues...

Full Story »

Wakefern posts $14.7 billion in retail sales, a new record

SEAFOODNEWS.COM [Progressive Grocer] - October 31, 2014 -

Wakefern Food Corp. achieved a record $14.7 billion in retail sales for the fiscal year ending Sept. 27, 2014, a 4 percent rise from the year-ago period.

Chairman and CEO Joseph S. Colalillo and President and COO Joe Sheridan reported the news at the retailer-owned cooperative's annual shareholder meeting, held in East Brunswick, N.J., on Oct. 30.

Additionally, six new ShopRite stores, five new Price Rite stores and six The Fresh Grocer stores opened during the same period, and the ShopRite from Home ordering service expanded to 214 locations...

Full Story »

Meg Ham named president of Food Lion

SEAFOODNEWS.COM [Supermarket News] - October 31, 2014 -

Food Lion said Thursday that Meg Ham has been named president of Food Lion effective Nov. 1, succeeding Beth Newlands Campbell, who is leaving the company for personal and professional reasons.

“We are extremely pleased to tap into internal talent to ensure a seamless transition of Food Lion operations to Meg Ham,” said Kevin Holt, CEO of Food Lion’s Salisbury, N.C.-based parent, Delhaize America. “I have full confidence in Meg to continue to lead Food Lion’s transformation and to deliver on the company’s Easy, Fresh and Affordable…You Can Count on Food Lion Every Day strategy to enhance the customer shopping experience. Meg has an extensive retail operations and merchandising background with a strong focus on the customer experience and associate engagement.”

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AK's massive 2013 salmon haul vaults Kodiak into top three among US ports for landings (Fish Radio)

SEAFOODNEWS.COM [Fish Radio with Laine Welch] October 30, 2014

This is Fish Radio. I’m Laine Welch – Dutch Harbor does it again! More on the top US fishing ports after this – 

Alaska claimed the top three fishing ports for seafood catches last year, and wild salmon landings, nearly all from Alaska – topped one billion pounds – a new record and up nearly 70 percent from 2012. 

That’s according to the annual Fisheries of the US report for 2013, just released by NOAA Fisheries...

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ASMFC may shut down Maine shrimp season again 

SEAFOODNEWS.COM [Associated Press] By Patrick Whittle - October 30, 2014 - 

PORTLAND, Maine, Scientists are recommending a second straight shutdown of the northern shrimp season in the Gulf of Maine amid concerns of warming ocean temperatures.

A technical committee that advises ASMFC regulators strongly recommends extending a moratorium that began in 2014. A draft of the committee's report says "long-term trends in environmental conditions'' are unfavorable for the shrimp."

The Atlantic States Marine Fisheries Commission's Northern Shrimp Section had closed this year's shrimp season for the first time in more than 30 years and is set to vote on next year's season on Nov. 5...

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Monterey Bay designates BAP approved pangasius as "Good Alternative" under its Seafood Watch program

SEAFOODNEWS.COM [SCOM] October 30, 2014

The Monterey Bay Aquarium's Seafood Watch Program has concluded that certain farmed raised pangasius certified by the Global Aquaculture Alliance's (GAA) Best Aquaculture Practices (BAP) standard is now equivalent to a yellow or "Good Alternative" rating.

Now, any two-star, three-star and four-star certified pangasius will carry the "Good Alternative" recommendation for consumers, chefs and businesses to consider as a purchasing option.

The GAA said the determination came after an extensive evaluation of BAP farm standards for finfish and crustaceans conducted by the Seafood Watch science staff...

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