Dongwon, Starkist to own 12.5% in Silver Bay
Deal signed on Monday paves way for Dongwon F&B and its US subsidiary Starkist to own 12.5% in Alaskan fishing group
View ArticleSullivan wins senate race in Alaska
Republican Dan Sullivan won Alaska's US Senate race, defeating incumbent Democrat Mark Begich
View ArticleThai Union sees strong outlook on low tuna prices, gradual recovery on shrimp
After a record Q3 net profit, world’s largest tuna canner and major shrimp processor sees high consumption in skipjack on low prices, as well as low recovery in its now-profitable shrimp business
View ArticleBain Capital shifts M&J Seafood, two other Brakes firms into Fresh Direct JV
Bain Capital is combining M&J Seafood and two other former Brakes portfolio companies into a JV with Fresh Direct, with current MD of the latter to run the new business
View ArticleM&J deal has Fresh Direct CEO looking beyond sales target of £500m
Fresh Direct will be around £400m in turnover with addition of M&J and two other former Brakes companies, meaning CEO of enlarged group is looking to up five-year-plan turnover target
View ArticleSFP: Half wild salmon fisheries in need of ‘significant improvements’
48% of Pacific salmon's total volume comes from fisheries in need of significant improvements, according to Sustainable Fisheries Partnership
View ArticleSFP cites IUU, hatchery fish, as major problems in Pacific wild salmon...
Russia's illegal fishing trade and Alaska's hatcheries are the major issues cropping up to cause 48% of the world's Pacific salmon to fall under the 'area of concern' category in SFP's latest study
View ArticleSeafood Connection to sell Peter Pan products in Europe
Maruha Nichiro-owned companies to work together to grow sales of US-caught salmon and other seafood from Peter Pan in Europe
View ArticleThai Union vies with Mitsubishi for Bumble Bee, courts US investors
With announcement on sale expected before Christmas and Thai Union’s management just on a US investor tour, process is seen as being down to Thai firm and its minority shareholder, Japan's Mitsubishi
View ArticleTrident planning new freezer plant alongside Westward purchase
Trident's agreement to buy Western Alaska Fisheries assets means group will be able to process salmon from Gulf of Alaska, which until now has been tendered to Akutan
View ArticleDirect Ocean’s Barbe: We want to be part of a larger group
French salmon supplier will re-start efforts to find an investor that can increase integration and access to capital next year, after Marubeni talks ended in July
View ArticleMaruha Nichiro profit set to triple on $37m sale of Alaska plant to Trident
Maruha Nichiro increased its net profit estimate for the 2014 fiscal year to JPY 10bn, from the previous estimate of JPY 5bn, due to gain from sale of Alaska plant to Trident
View ArticleRussia issues 2014 salmon harvest results; 2015 forecast
Researchers expect harvest to reach 400,000-420,000t, roughly in line with the 405,500t caught in 2013, the last comparable year
View ArticleADFG launches study on hatchery impacts on wild salmon
Alaska Department of Fish and Game is carrying out a multi-year research project on hatchery salmon and its potential impact on wild populations
View ArticleCDQ groups seen as possible players in Icicle sale
Their purchasing power may be small in comparison to tipped frontrunner Pacific Seafoods, but Alaska’s community development quota groups are in expansion mode and at least some can’t be written off as...
View ArticleSilver Bay seals deal for Sitka land
US salmon processor Silver Bay Seafoods inked a deal to buy land from the Alaskan city of Sitka
View ArticleGSMC blog: Indonesia’s crab meat price drop may draw following; Gibson sees...
Keep coming back to Undercurrent News for all the news from the NFI Global Seafood Markets Conference in Las Vegas, Nevada
View ArticleFishermen expecting settlement in case against Bristol Bay newcomer Extreme
Lawyer for two set netters says Extreme Salmon is likely to agree to settlement to make good on 2014 season
View ArticleYihe launches ‘Alaska Jack’s’ salmon brand
US supplier Yihe is coming out with a new frozen salmon brand, Alaska Jack's, in the run up to the Boston seafood show
View ArticleRussian salmon fishery enters MSC assessment
The Russian VA-Delta Western Kamchatka salmon fishery for pink, chum and coho has entered assessment for sustainability
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