Cliff White has been the executive editor of SeafoodSource since 2016. Previously, he worked as the senior business reporter for the McClatchy-owned Centre Daily Times in State College, Pennsylvania, where he won state and national awards for his coverage of the development of the Marcellus Shale natural gas deposit and the Jerry Sandusky scandal.
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OBI Seafoods has decided to close its Larsen Bay plant on Alaska’s Kodiak Island for the 2024 salmon season.
The Seattle, Washington, U.S.A.-based seafood company, formed in 2020 through a merger between Ocean Beauty Seafoods and Icicle Seafoods as a means to help OBI compete against rivals Trident Seafoods and Silver Bay Seafoods in Alaska, is a major player in the salmon fishery in the U.S. state of Alaska. But its footprint will get
… Read MoreRoman Tkachenko, the CEO of Direct Source Seafood, a seafood importer based in Bellevue, Washington, U.S.A., is not thrilled with the U.S. government’s decision to implement and then expand a ban on Russian seafood entering the U.S.
Russian king crab inventories are almost extinguished in the U.S., and it’s impossible to bring more in as cooked frozen legs and claws, even with third-country processing that would change the country of
… Read MoreChina and Indonesia are leading a charge that will see global tilapia production rise to over 7 million metric tons in 2024.
If the prediction from Rabobank and the Global Seafood Alliance holds true, it would be the equivalent of 5 percent year-over-year growth, and a 13 percent increase from 2019.
“Overall, the growth of tilapia has been pretty consistent with year-over-year increases, averaging about 5.4 percent each year,” Urner
… Read MoreKeyport LLC has agreed to take on tanner crab quota left stranded following the closure of Peter Pan Seafood’s processing facility in King Cove, Alaska, U.S.A.
Alaska’s crab rationalization program requires 90 percent of fishing quotas be matched to qualified facilities with affiliated processing quotas, with fishermen obligated to deliver their catch to processors holding the corresponding quota. The abrupt closing of the Peter Pan
… Read MoreGlobal cod landings are down 33 percent over the past decade, and the downward trend has accelerated over the past three years.
On 25 January, at the 2024 Global Seafood Market Conference in Orlando, Florida, U.S.A., Genuine Alaska Pollock Producers Director of Industry Relations, Partnerships, and Fishery Analysis Ron Rogness reported global cod catch declined to 1.12 million metric tons (MT) in 2023.
Catches of Atlantic cod fell 42 percent
… Read MorePaul Jewer is the CEO of High Liner Foods, a value-added, publicly traded distributor of frozen seafood across North America, headquartered in Lunenburg, Nova Scotia, Canada. Santiago Alvarez is the CEO of the Alfa Gamma Group, a vertically integrated seafood company based in Miami, Florida, U.S.A.
The two spoke on a panel titled “Inside the C-Suite” at the Global Seafood Market Conference in Orlando, Florida, U.S.A. on 24 January,
… Read MoreThai Union has received an A+ financial rating despite the impact of its decision to sell Red Lobster at a significant loss.
The rating, released 25 January, was issued by Tris Rating Co. – a credit rating agency minority owned by Standard & Poor's.
Thai Union’s announcement it will exit Red Lobster and take a THB 18.5 billion (USD 530 million, 481 million) impairment charge in Q4 2023 was made on 16 January 2024.
“Tris
… Read MoreThe United States and the European Union have seen reduced imports of pollock fillets, even as domestic production of Alaskan pollock fillets is rising in the U.S.
At the 2024 Global Seafood Market Conference in Orlando, Florida, U.S.A. on 25 January, Genuine Alaska Pollock Producers Director of Industry Relations, Partnerships, and Fishery Analysis Ron Rogness reported the global pollock catch will increase 12 percent between 2022 and 2024,
… Read MoreU.S. demand for scallops has slowed, but excess Japanese supply being rejected from China has still managed to find a new home filling in the gap of lower U.S. catch rates.
There have been three consecutive years of reductions in U.S. North Atlantic sea scallop landings, and although the quota is expected to rise by 1 million pounds to 26 million pounds in 2024, reduced supply has opened up a window for Japanese scallops to take over market
… Read MoreThe European Commission has informed six of the largest Norwegian salmon producers it is advancing an investigation into price fixing in the spot market.
The E.C. alleges Mowi, Cermaq, Grieg, Bremnes, Lerøy, and SalMar breached E.U. antitrust rules by colluding to distort competition in the market for spot sales of Norwegian-farmed Atlantic salmon in the E.U. between 2011 and 2019, including exchanging commercially sensitive information.
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