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Storm relief bill aimed at helping Maine’s coastal community sidetracked

April 17, 2024 3:55 PM

Governor Janet Mills laments the changes made to her proposed bill divert attention and resources away from the pressing needs of coastal communities

Prices
UCN adds prices for more US scallop sizes, East Coast groundfish

By April 16, 2024 3:28 PM

Undercurrent News has added weekly price and volume data for 20-30 and 30-40 count US scallops, in addition to a range of species for East Coast groundfish from the BASE auction

Russian food ban impact
Japan, US set to strengthen seafood ties with Hokkaido scallop trading uncertain

By April 16, 2024 12:55 PM

During Japanese prime minister Fumio Kishida's visit to the US last week, the two leaders affirmed to 'build resilient seafood supply chains' which could bring mutual advantages to Japanese scallop exporters and US processors in Boston

Prices
US scallop harvester pessimistic about landings as new season kicks off

By April 15, 2024 12:02 PM

'We've been out there with our boats in some of the open areas, and it's not good' -- John Lees, New England Marine

Prices
Cassie Canastra optimistic about New England groundfish

April 10, 2024 2:10 PM

'We wanted those permits ... We are invested and we are in it for the long haul' -- Cassie Canastra on her acquisition, in November, of bankrupt Blue Harvest Fisheries' eight groundfish vessels and 48 federal permits

Prices
Walmart agrees to $45m settlement for overcharges on seafood, other categories

April 9, 2024 2:53 PM

The lawsuit, filed in a Florida federal court, identified dozens of seafood items that the retail giant allegedly overcharged for

China
Japanese scallop exports to US, Vietnam, Thailand continue to soar

By April 5, 2024 2:16 PM

Japan's export of marine products in February totaled 34,262t valued at JPY 29.9 billion ($202 million), down 3% by volume and 6% by value year on year

Prices
USDA predicts 1.7% drop in seafood prices in 2024

By April 1, 2024 3:40 PM

Prices for fish and other seafood will drop 1.7% in the year ahead, USDA has predicted, allowing for a prediction interval of -4.5 to 1.3%

Octopus
US lender sues Altamar for $16m over missing payments

By March 29, 2024 1:45 PM

City National Bank of Florida alleges that Altamar Foods, in Fort Lauderdale, Florida, stopped making loan payments in October 2023

M&A
Cooke shuts down plant in US scallop capital to consolidate into Wanchese

By March 29, 2024 1:11 PM

'This decision will optimize the company's capacity at the modern Wanchese Fish Company processing plant and cold storage facility, which will better serve its customers' -- Joel Richardson, Cooke Inc.

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