China supplier: ‘Greater scheme’ at play in Yihe receivership
Yihe receiver Wong ‘aligned with owner Chen’, scheme underway to gut inventory, discharge ‘astronomical debt’ to creditors, alleges supplier with $40m inventory claim There is a “greater scheme” at...
View ArticleJoe Bundrant takes helm of Trident in ‘challenging times’ for sector
Chuck Bundrant names his son Joe CEO of Trident Seafoods, references tough climate in which Trident is ‘blessed to be diversified and financially stable during a time when much of our industry is...
View ArticleChen makes play to return to helm of Yihe
Yihe’s president Steve Chen makes play to depose receiver James Wong and take control of $40m-$50m inventory, in latest twist in legal battle involving Walmart salmon supplierThe president and founder...
View ArticleAlaska salmon fishery earns MSC re-certification
Having surmounted the objection obstacle posed by conservation groups last month, the Alaska salmon fishery has received certification for 13 of the 14 units of certification in the fisheryHaving...
View ArticleMSC trying to ‘whitewash’ the record books of Alaska salmon objection, say NGOs
MSC statement that ‘no objections were received’ in the Alaska salmon fishery’s re-certification is angering objectors, who want an apology The conservation groups that objected the the Alaska salmon...
View ArticleMSC Alaska salmon woes continue as only 2/3rd of this year’s harvest attains...
The MSC’s announcement yesterday that the ‘Alaska salmon fishery earns MSC re-certification’ is not the full storyBy John Sackton, Seafood News The fiasco of the the Marine Stewardship Council (MSC)...
View ArticleMSC responds to allegations of ‘whitewashing’ Alaska salmon certification claims
Yet the MSC website still shows odd omission of the objection by four NGO’s from the record booksOn Tuesday, the Marine Stewardship Council (MSC) surprised conservation groups when it put out its...
View ArticleYihe exaggerated revenue by $400m, claims report on excess, mismanagement at...
Walmart frozen seafood supplier Yihe’s audited 2012 financial statements show revenues were about $98m, when the company had stated they were $400mYihe Corporation, the US-based frozen seafood supplier...
View ArticleYihe receiver looks into legal action against former top US exec Morgan
Yihe receiver Wong is looking into legal action against former exec VP Morgan over allegations a company computer was returned with a different hard drive, an allegation Morgan says is ‘stupid’ James...
View ArticleDongwon launches premium salmon products
Dongwon F&B’s newly launched salmon products are gaining popularity domestically, says firm South Korean group Dongwon F&B said it’s newly launched salmon products — Dongwon Salmon Original,...
View ArticlePacific salmon abundance still near record levels
Data compiled by member countries shows Pacific salmon abundance in the North Pacific remains at near record high levels, NOAFC said in late November Data compiled by member countries shows Pacific...
View ArticleCanadian coho, chum hatchery destroyed in fire
A longtime salmon hatchery in Port Moody has been destroyed and this year’s stocks a complete loss after a fire ravaged the facility A longtime salmon hatchery in Port Moody has been destroyed and this...
View ArticleTop stories of 2013 countdown: Starkist defends ‘Made in America’ claim;...
We will be counting down the top 100 most-read stories of the year this week, with Undercurrent News exclusives dominating the list: Wednesday means 41 – 60 are revealedWe will be counting down the...
View ArticleYihe hopes to emerge from receivership in ‘stronger position to quickly...
Settlement is close for US frozen supplier to get out receivership, maybe Dec. 19; claim from alleged creditor Tiger Bay is a stumbling blockUS frozen supplier Yihe Corporation is confident it will...
View ArticleMurkowski writes to new Walmart CEO to advocate for Alaska seafood...
Alaska senator Lisa Murkowski sent a letter last week to the incoming president and CEO of Walmart, Doug McMillon, introducing him to Alaska’s fisheriesAlaska senator Lisa Murkowski sent a letter last...
View ArticleAlaskan fisheries group files suit against former partners
The new Kotzebue Sound Fisheries Association filed a civil suit against Chum, LLC after the latter allegedly took possession of money belonging to the association The new Kotzebue Sound Fisheries...
View ArticleAlaska fisheries reaching turning point
Alaska’s fishery is reaching a turning point in its major species, with MSC for Russia increasing competition on pollock and salmon markets while product forms shiftBy Masahiko Takeuchi, Minato Tsukiji...
View ArticleAlaska Salmon Alliance welcomes dismissal of set netter ban
Lieutenant governor Mead Treadwell decides not to certify the proposed set netter ban, which would have gone on the ballot in 2016The Alaska Salmon Alliance welcomed Lieutenant Governor Mead...
View ArticleRussia approves plan to counter illegal fishing
Russian government approves national plan to prevent, deter and eliminate illegal, unreported and unregulated fishingThe Russian government has approved a national plan to prevent, deter and eliminate...
View ArticleNFI conference blog: More US, Canadian lobster heading to China
Keep coming back to Undercurrent News for all the news from the NFI Global Seafood Markets Conference in Miami, Florida Top executives from the US seafood sector are braving the Miami sun this week for...
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