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Expanding salmon, shellfish processor ready to take on high-end UK market

Scampi skewers crayfish langoustine

Backed by the owners of Scottish Salmon Company, Associated Seafoods is ready to grow exports and take on home market with new plant under construction (more…)

You may also like:

  • Young’s picks up Morrisons smoked salmon business
  • Multi-million UK shellfish, salmon plant ‘near completion’
  • Associated Seafoods upgrades Buckie plant
  • Associated Seafoods considers Scottish plant closure

Thinktank warns of ‘long road for Cermaq’

Newly released study raises concerns about Cermaq’s corporate responsibility in Chile, says Norwegian thinktank, ForUM (more…)

You may also like:

  • Sea lice problem rises in Chile
  • AquaChile, Mainstream, lead Chile exports
  • Cermaq to invest in remaining Chilean plants
  • Mainstream Chile invests $13m in farm expansion

Austevoll shares suffering from poor PR

The problem with incomplete information from a stock-listed company is that it can develop into a low share value. With that, half the point of being stock listed disappears (more…)

You may also like:

  • Copeinca profit dives on low fishmeal, oil volumes
  • Fishmeal, oil prices to remain strong on low volumes
  • Austevoll consolidates Norway Pelagic
  • Leroy reports bumper profit, in line with expectations

Oceana invests in canned fish stock

South Africa’s Oceana Group, close to announcing an acquisition, is shifting cash off its balance sheet into canned fish stock as quotas come down and demand grows (more…)

You may also like:

  • Korean firm to invest $55m in Namibian subsidiary
  • Reports: Parlevliet & Van der Plas trawler headed for Namibia
  • South African fishing companies see bright outlook
  • Oceana earnings up 39%

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Zhanjiang Guolian chairman travels to US to contest countervailing duties

Chairman of company which supplies 90% of China’s headless shrimp to US travels to the US in bid to fight potential duties, on back of already tough quarter for company (more…)

You may also like:

  • Siam Canadian: Markets can’t follow Thai shrimp prices
  • Shrimp buyers wary of price crash, countervailing duties
  • Chinese shrimp giant hires legal team to fight US duty case

First Copper River salmon reaches Seattle

Copper River salmon

The first wild salmon from the Copper River salmon run reached Seattle on Friday morning, ready for the ‘Copper Chef’ competition

(more…)

You may also like:

  • Alaskan fishermen head to Copper River for season opener
  • Alaska salmon season kicks off Thursday with PSVOA MSC process in shambles
  • Copper River salmon fleet revs engines
  • Scientists write to Obama about fears over Bristol Bay mining plan

EU gives Faroes one-month ultimatum over herring sanctions

Step is most concrete action taken so far towards potential sanctions, although some skepticism remains over their likelihood (more…)

You may also like:

  • Skagerak reaps rewards of new plant
  • Norway Pelagic hit by low herring volumes, 30% drop in mackerel price
  • EU moves towards sanctions over Faroese herring quota
  • Faroese pelagic group expands fleet, factory

King crab prices keep dropping on suspected IUU fishing

king crab

Some industry players feel prices could bounce back as a result of IUU treaties, but others are less sure (more…)

You may also like:

  • Report finds link between illegal fishing and seafood fraud
  • Russia, US pledge to sign IUU agreement
  • Calls for stronger EU leadership on West African IUU fishing

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US sweetener firm to move into fish feed products

Stevia Corp Additives_3A

Stevia Corp. is developing aquaculture products, expects it to become the company’s biggest earner long-term, with seafood veteran Andrew Kaelin appointed to advisory board

(more…)

You may also like:

  • Cermaq: Copeinca purchase for feed quality, not quantity
  • Expert: Cermaq’s Copeinca move sound, especially for fish oil
  • Cermaq look to evolve fishmeal, not cut it out

Alaskan fishermen head to Copper River for season opener

Copper River salmon

Twelve hour opening day of the Copper River wild salmon fishery not affected by rough weather

(more…)

You may also like:

  • Alaska salmon season kicks off Thursday with PSVOA MSC process in shambles
  • Copper River salmon fleet revs engines
  • Prince William Sound pink salmon numbers rise
  • Prince William Sound salmon 2012 harvest surpasses 34 million

Norwegian gov meets with Marine Harvest

But meeting did not change government’s stance on backing of Cermaq’s bid for Copeinca, says ministry (more…)

You may also like:

  • Copeinca profit dives on low fishmeal, oil volumes
  • Report: Marine Harvest could up Cermaq offer
  • Pareto garners 5% voting rights in Cermaq
  • Cermaq’s largest shareholder to back Copeinca bid, reject Marine Harvest offer

Icelandic salmon farm to start domestic processing

fjardalax_salmon_farm

Fjardalax, which sells under the brand Arctic Salmon, is planning on setting up its own processing plant in Iceland later this year

(more…)

You may also like:

  • Icelandic Group CEO: UK shift driven by retail demand
  • Icelandic UK ups profit despite Tesco direct salmon buying move
  • UK salmon buyers nervous on farming consolidation
  • Icelandic confirms Gadus acquisition

Baxendale buys into Grimsby seafood village

Toby Baxendale, the entrepreneur who built up Seafood Holdings, is now chairman and a shareholder in the Grimsby seafood village (more…)

You may also like:

  • Grimsby seafood village close to profitability
  • Exec who rode foodservice fish boom eyes aquaculture investments
  • ‘I’m glad I didn’t sell to a PE fund, or British Seafood’

Farmed salmon prices reach new peak

salmon-sushi

‘There isn’t a bloody customer who can pay the price. None,’ says exporter in western Norway
(more…)

You may also like:

  • Camanchaca detects ISA
  • SalMar CEO optimistic for 2013, despite likely H2 drop in salmon prices
  • SalMar nets $87m from increased Bakkafrost share sale
  • Sea lice problem rises in Chile

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NFI thanks US House Ag committee for cutting catfish inspection program

pangasius

‘Duplicitous’ catfish inspection program inches its way closer to the exit (more…)

You may also like:

  • Congress committee votes through farm bill
  • Obama budget would cut catfish program
  • Professor: catfish inspections threaten US soybean industry
  • Bipartisan support to repeal catfish laws

Prosecutor accuses Pescanova chairman of fraud

Pescanova Manuel Fernandez

Report accuses chairman Manuel Fernandez of falsification of financial information, accounting fraud and insider trading (more…)

You may also like:

  • Police investigating Pescanova false invoicing allegations
  • Anti-corruption prosecutors finalizing report on Pescanova
  • Report: Pescanova ‘hid losses for years’
  • Seafood’s Enron

Newfoundland union, buyers agree on lower shrimp prices

Negotiations took third-party assistance, says industry player, as arbitration panel sides with fishermen union’s price proposal for onshore cooked and peeled shrimp (more…)

You may also like:

  • Norway agrees on higher minimum coldwater shrimp prices
  • Clearwater scallop sales compensate for drop in shrimp, clams
  • Salmon prices offset drop in cod, shrimp exports from Norway to UK
  • Coldwater shrimp producer names new CEO

Camanchaca detects ISA

Chile salmon farm pens cages 5

Chilean salmon farmer plans to harvest three cages within 10 days  (more…)

You may also like:

  • Sea lice problem rises in Chile
  • Chile disease problems concern Marine Harvest
  • Chile says ISA outbreak is contained
  • Sernapesca begins more inspections for ISA

Nissui reports $50m annual loss

World’s second largest seafood company in turnover, Nippon Suisan Kaisha, slides into red with loss in year ending March 31, 2013 (more…)

You may also like:

  • Yen devaluation hits Maruha Nichiro US subsidiary Westward
  • Sources: Nissui German plant sale set to go through, management the issue
  • Maruha Nichiro misses profit target by $40m
  • Nissui takes $80m hit on Brazil pullback

Shipping rates to increase on routes out of Asia

maersk3

Fourth-largest shipping line in Europe hikes rates on routes from Asia to Europe and Americas, others expected to follow suit

(more…)

You may also like:

  • Analyst downgrades High Liner on falling cod prices, rising freight rates
  • Maersk rate increase to add $300m to profits
  • Rising freight rates to push frozen prices up

More in this section:

  • Siam Canadian: Markets can’t follow Thai shrimp prices
  • US raises pangasius duty rates for Vietnamese exporters
  • Seafresh, Surapon hit by shrimp disease, wage hikes
  • Airline becomes first in Americas to get MSC logo on its menu
  • Icelandic firms don’t expect quick benefit from China deal

Follow @undercur

SPOTLIGHT

  • Photo: Geoff Peters.

    Thai shrimp EMS

    Thailand's shrimp production could be down by more than 35% this year as a result of EMS (more...)
  • Copeinca 2

    Marine Harvest vs Cermaq

    China Fishery's Copeinca bid has sparked a 'financial thriller' (more...)
  • centro_pescanova2

    Pescanova

    The insolvency proceedings of Europe's third largest seafood company has rocked the industry (more...)
  • Brussels exposition center

    Brussels seafood show 2013

    Recap our coverage from the Brussels seafood show here (more...)
  • Pollock fishing, Russia

    Russian pollock MSC

    Potential MSC nod could have wide repercussions for pollock buyers -- and Alaskan suppliers (more...)
  • Chile salmon farm pens cages 4

    Chile salmon M&A

    Cooke, Invermar, Pescanova... 'Everyone is talking to everyone' as Chile is back in full swing (more...)
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      Latest news

      • Thinktank warns of ‘long road for Cermaq’
      • Blast fishing suspected in Chile animal deaths
      • Austevoll shares suffering from poor PR
      • Expanding salmon, shellfish processor ready to take on high-end UK market
      • Father of fish fingers passes away
      • Oceana invests in canned fish stock
      • Zhanjiang Guolian chairman travels to US to contest countervailing duties
      • Lobster fishermen, processors in deadlock over pricing in Canada
      • First Copper River salmon reaches Seattle
      • Maersk warns of declining shipping demand
      News, ideas, feedback?
      In pictures

      Morrisons revamps its fish offeringPackforum 2012The world\'s largest salmon plantDistributor opens seafood shops in MoscowSaucy Fish: behind the scenesTrawling in Norwegian fjords

      Editor's choice

      • Baxendale buys into Grimsby seafood village
      • Prosecutor accuses Pescanova chairman of fraud
      • Nissui reports $50m annual loss
      • Siam Canadian: Markets can’t follow Thai shrimp prices
      • Linnaeus: R&D, product development must be focus for bass, bream
      • New ‘Captain Iglo’
      • Police investigating Pescanova false invoicing allegations
      • Morpol pushes back giant UK plant opening to 2014
      • Anti-corruption prosecutors finalizing report on Pescanova
      • Pollock veteran to lead Russian Sea Catching trading division
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