Mon. May 20 2024

Everything We Know About Red Lobster’s Chapter 11 Bankruptcy Filing


Catches Are Up in the Copper River; Cordova’s Fleet Gets A Second 12-Hour Opener Today  


Secretary Gina Raimondo Announces Disaster Determination for Bering Sea Snow Crab — Money to Follow  


ANALYSIS: Mid-May Snow Crab Market Update  


Bristol Bay Groups File Motion to Intervene in Pebble’s Challenge to EPA’s Decision


Sea Harvest CEO Issues Statement After Vessel Sinks With 11 Presumed Dead


Russia Continues to Increase Crab Exports to Asia Pacific Region  


Wanda Fish Unveils Its First Cell-Cultivated Bluefin Tuna Toro Sashimi  


Seafoodnews.com Summary Monday, May 20


Fri. May 17 2024

LISTEN: TAGeX CEO Neal Sherman Talks Media Attention Surrounding Red Lobster Liquidation And More


Silver Bay Seafoods, Channel Fish and More Win Latest USDA Seafood Purchase Requests  


ANALYSIS: Tilapia Market Troubles – Supply Shortages and Supply Chain Disruptions  


North Atlantic Right Whale Calf Presumed Dead; Fourth Calf of 2024 Calving Season To Be Missing


Conveyor Belt Sushi Market Increased by 8% in 2023, 5.5% Increase Projected For 2024


Japan: March Surimi Products Output Fell 5.2% to 36,547 Tons, Household Spending up 2.9%  


Prince William Sound Citizens’ Council Remains Committed to its Mission


Seafoodnews.com Summary Friday, May 17


Thu. May 16 2024

VIDEO: Red Lobster Closures; Gulf of St. Lawrence Grid Closures; New Atlantic Sapphire CEO  


NL Snow Crab Drama Continues With Talks Of Plant Worker Strikes  


Cooke Accused of Violating American Fisheries Act and Jones Act


Pioneering Hi-Tech Crabber “North American” Sinks Near Seattle’s Ballard Bridge


Russia Confirms Plans to Increase Volume of Krill Catch This Year  


PANOS Brands Acquires Smoked Salmon Producer The Santa Barbara Smokehouse  


Seafoodnews.com Summary Thursday, May 16


Wed. May 15 2024

A Timeline Of Red Lobster Leading Up To May 2024 Liquidation Of Select Restaurants


ANALYSIS: Canadian Spring Lobster Season Update  


17 Industry Groups Ask Congress to Fund North Pacific Fisheries Surveys at No Less Than $15M


More Than a Dozen Additional Temporary Grid Closures Announced for Gulf of St. Lawrence  


The Retail Rundown: Memorial Day Promotions; Latest CPI Data


Hokkaido Spring Herring Landings Record 6540 Tons for the First Time Since 1996  


Seafoodnews.com Summary Wednesday, May 15


Tue. May 14 2024

Red Lobster Abruptly Closes 48 Restaurants, As Revealed By Equipment Liquidation Company


First Temporary Grid Closures Announced in Gulf of St. Lawrence Following Sighting of Entangled NARW  


Legislative Task Force Created to Evaluate Alaska's Seafood Industry


Atlantic Sapphire Appoints Former Cermaq Chile Managing Director as New CEO  


Japan’s Consumer Food Price Index: Seafood Prices Soar By 25.7% in 2023


Seafoodnews.com Summary Tuesday, May 14


Trader Joe’s Introduces 3 New Seafood Products, Including RTE Salmon Item  


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Everything We Know About Red Lobster’s Chapter 11 Bankruptcy Filing

Red Lobster Management confirmed on Sunday that the company has “voluntarily filed for relief under Chapter 11 of the Bankruptcy Code” in the U.S. Bankruptcy Court for the Middle District of Florida. 

Reports of a possible bankruptcy filing have been swirling for months and intensified last week when news broke that the seafood restaurant chain closed and vacated 93 locations. Now the bankruptcy filing is official, with the company intending to use the proceedings to “drive operational improvements, simplify the business through a reduction in locations, and pursue a...

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Catches Are Up in the Copper River; Cordova’s Fleet Gets A Second 12-Hour Opener Today

Updated at 1:10 PDT.

Alaska’s first wild Chinook and sockeye salmon began showing up at the mouth of the Copper River last week, and catches were nearly three times the forecast for the season’s first opener, according to the Alaska Department of Fish and Game.

ADF&G’s harvest forecast for the commercial fleet in 2024 is 1.3 million sockeye and 47,350 Chinook. Their preliminary catch estimate for the May 16 opener was 14,900 sockeye. Instead, 43,000 sockeye were landed, and 1,000 Chinook.

The fleet is fishing a...

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ANALYSIS: The Snow Crab Market, Update Mid-May

The Gulf of St. Lawrence quota is over 92 percent caught, with only 4 million pounds left of the quota to catch. With the fishing season just about over, many would probably say it’s a positive given the start of North American right whales showing up in the fishing grounds for snow crab. The majority of the quota in the Gulf, which is down roughly 26 percent from a year prior, has been caught well ahead of any grid closures.

As of this writing, 34 percent of...

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Bristol Bay Groups File Motion to Intervene in Pebble’s Challenge to EPA’s Decision 

On Friday, six groups representing Bristol Bay tribes and the commercial fishing industry jointly moved to intervene in a challenge by Northern Dynasty Minerals and Pebble Limited Partnership to the Environmental Protection Agency’s decision to protect our nation’s clean waters from the mining of the Pebble ore deposit.

The groups are United Tribes of Bristol Bay, Bristol Bay Native Association, Bristol Bay Native Corporation, Bristol Bay Economic Development Corporation, Bristol Bay Regional Seafood Development Association, and Commercial Fishermen for...

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Russia Continues to Increase Crab Exports to Asia Pacific Region  

According to the latest data provided by the Russian Association of Shipowners of the Fishing Fleet (ASRF), exports of Russian crabs increased by 18.7% in 2023 due to the reorientation of supplies to the Asian region. In volume terms, the overall exports amounted to 85,600 tonnes. 

The same data is provided by fish and customs authorities of some Asian states, according to which the supplies of crabs from Russia to the Asia Pacific region during the period of 2021-2023 increased by...

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Silver Bay Seafoods, Channel Fish and More Win Latest USDA Seafood Purchase Requests

Earlier this month the USDA issued a handful of bid invitations for seafood products, including catfish, salmon and walleye, and Alaska pollock. While offer invites for the Alaska pollock products ends today, the USDA has already announced the winners for the catfish, salmon and walleye products.

Looking first at catfish, the bid invitation from the USDA went out on May 2. The bid was for a total of 392,000 lbs of catfish products for use in domestic food distribution programs, including unbreaded raw fillets and...

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North Atlantic Right Whale Calf Presumed Dead; Fourth Calf of 2024 Calving Season To Be Missing

An estimated 350 North Atlantic right whales (NARW) remain in the ocean, which makes every mother whale and its calf critical to the recovery of the endangered species. But unfortunately, researchers at NOAA Fisheries have documented four calves from the 2024 NARW calving season as “presumed dead.” 

Since an Unusual Mortality Event (UME) was declared for the endangered whales in 2017, the United States and Canadian government have introduced safety measures to prevent fatalities or injuries related to...

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Japan: March Surimi Products Output Fell 5.2% to 36,547 Tons, Household Spending up 2.9%

The Food Marketing Research & Information Center has released data indicating a significant shift in the national production of surimi products. In March, the production volume stood at 36,547 tons, marking a 5.2% decrease from last year. This trend, which began in February, saw only the other surimi products category, including crab sticks, surpassing the previous year's results, while the production of other categories experienced a decline.

According to a report in the Suisan Keizai Shimbun, this is the second consecutive month that...

 

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VIDEO: Red Lobster Closures; Gulf of St. Lawrence Grid Closures; New Atlantic Sapphire CEO

Urner Barry seafood market reporters Lorin Castiglione and Josh Bickert host the latest episode of the Seafoodnews Weekly Video. Watch as Lorin and Josh break down the top stories of the week, from the shocking closure of a number of Red Lobster locations, to updates on fishing out of the Gulf of St. Lawrence and more...

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Cooke Accused of Violating American Fisheries Act and Jones Act

Canadian seafood giant Cooke Inc. has been accused of violating the American Fisheries Act (AFA) and the Jones Act. The allegations stem from a lawsuit that was initially filed in June 2021, but sealed until this past April. However, the issue actually goes back to 2017 when Cooke acquired Omega Protein.

Cooke CEO Glenn Cooke said at the time that the acquisition of Omega Protein would help “further diversify the supply side of our business and support our strategy of responsible growth as a leader in...

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Secretary Gina Raimondo Announces Disaster Determination for Bering Sea Snow Crab — Money to Follow

Secretary Gina Raimondo announced last Friday that a fishery resource disaster occurred in the 2023–2024 Bering Sea snow crab fishery in Alaska. The determination is in response to requests from Saint Paul, Alaska Mayor Jacob Merculief, and Alaska Governor Mike Dunleavy.

Working with NOAA Fisheries, Raimondo evaluates fishery resource disaster requests based on data submitted by Merculief, including economic impacts from the unexpected crash in snow crab biomass. 

The positive determination makes these fisheries eligible for disaster assistance from NOAA, but no amount has...

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Sea Harvest CEO Issues Statement After Vessel Sinks With 11 Presumed Dead

MFV Lepanto, a  vessel owned by Sea Harvest Group Limited, sank on Friday. At the time, the MFV Lepanto had 20 crew members on board, but only nine were able to make it off the vessel safely. Now, CEO Felix Ratheb is speaking out after the fatal incident.

“Keeping our staff safe is our key priority,” Ratheb said in a statement released Sunday. “As a company, we are devastated by this tragedy. We have been in ongoing contact with the families, with a senior team and a...

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LISTEN: TAGeX CEO Neal Sherman Talks Media Attention Surrounding Red Lobster Liquidation And More

Join Seafoodnews Podcast hosts Amanda Buckle and Lorin Castiglione as they welcome Neal Sherman, the CEO and founder of TAGeX, a company that has been a resource for businesses in all stages of facility and equipment lifecycle since 1987. TAGeX made headlines this week with the announcement that they were handling the Red Lobster equipment liquidation auctions. And Neal joins the Seafoodnews Podcast to share insight on how those auctions went.

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ANALYSIS: Tilapia Market Troubles – Supply Shortages and Supply Chain Disruptions

The tilapia frozen fillet market from China is experiencing significant turbulence, driven by several key factors affecting both supply and demand. U.S. importers are currently facing low inventory levels as the industry expected that supply would improve by late May or early June. However, weather-related setbacks in April, as well as reports of premature harvesting have caused further delays.

The two major tilapia farming regions in China, Guangdong and Hainan, have faced unusual weather patterns, which have contributed to higher mortality rates and...

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Conveyor Belt Sushi Market Increased by 8% in 2023, 5.5% Increase Projected For 2024

The domestic conveyor belt sushi market, as reported by Fuji Keizai, reached a significant size of 782.9 billion yen ($5.04 billion) in 2023. This marked an 8% increase in sales from the previous year. The market maintained a stable number of 4,220 stores, similar to the previous year. Notably, the top chains experienced a recovery in customer numbers, attributed to higher average customer spending and increased stores and sales. The market is projected to grow by 5.5% in 2024, reaching...

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Prince William Sound Citizens’ Council Remains Committed to its Mission

Editor's Note: This opinion piece is in response to an opinion piece published earlier this week called “Prince William Sound citizens’ council must recommit to its environmental mission.” 

The Prince William Sound Regional Citizens’ Advisory Council is an independent nonprofit corporation whose mission is to promote the environmentally safe operation of the Valdez Marine Terminal and associated oil tankers. Our work is guided by the Oil Pollution Act of 1990 and our contract with Alyeska Pipeline Service Company. Although the council is funded chiefly by Alyeska...

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NL Snow Crab Drama Continues With Talks Of Plant Worker Strikes

It wouldn’t be Canadian snow crab season if there wasn’t drama in Newfoundland and Labrador. This year the standoff over pricing only lasted a week before harvesters and processors were able to come to an agreement to start the season. But now there are issues on the plant worker side, with the Fish, Food & Allied Workers (FFAW) Union threatening to take a strike vote.

Plant workers, who currently make on average between $16 and $18 an hour, have reportedly been without a deal since...

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