China pollock processors closing as H&G prices pass $1,600/t
Poor catching and shortage of quota left sees prices rising for small volumes of Russian pollock, sources say, as reports surface of processors closing doors en masse
Record number of Irish firms head to China show
The Irish Food Board has organised a record 14 Irish seafood companies to attend the trade show, looking to establish new clients and launch products
Four Chilean salmon farmers join forces to sell to China
Australis, Blumar, Camanchaca and Yadran have formed an alliance to sell salmon to the Chinese market under one unified brand
Alaskan seafood promotion goes down well in China
Chinese consumers in over 40 cities pre-ordered 50t of high-end seafood in 9 days - equivalent to five months of Chinese Sam's Club seafood sales
Retailer close to pulling Yihe salmon business as receiver fights to get inventory released
‘At least one’ retailer will pull its salmon business with Yihe, unless $20m of inventory is released and orders can be met, according to court documents
Unibond ups China production as cod sales bounce back
Whitefish and salmon processor boosting processing capacity in China through ‘strategic partnerships’ with other plants, as cod sales bounce back after 2012 dip
Hayduk plans China foothold for giant squid sales; aims for food fish growth
Peruvian producer is doubling production at plant and plans to open cold store in China, all the while aiming to turn a page on fishmeal and oil dominance
Battle for Walmart supplier Yihe’s $40m frozen inventory heats up
Chinese companies are claiming ownership of Yihe’s $40m in frozen inventory as collateral for alleged debts for fish supplies, with its receiver filing legal action in return
China creditor loses bid to remove Yihe receiver over ‘insider’ allegations
A $1bn turnover Chinese corporation has been overruled in its bid to remove James Wong as receiver of Yihe, after alleging Wong acted as the Walmart supplier’s CFO and was ineligible to serve as receiver
Yihe receiver alleges financial fraud by founder Chen
Yihe’s receiver and former ‘consultant CFO’ James Wong claims the company’s founder Steve Chen and others fraudulently obtained financing on the same containers several times