South Africa’s Oceana reports lower earnings as fish oil prices normalize
Global pricing for fishmeal and fish oil normalized following the recovery of Peruvian production, which affected both Oceana Group's US and African operations
‘Figurehead’ fraud lawsuit against Cooke thrown out by US judge
The total damages could've been extensive. The lawsuit suggested that 'falsely certifying' compliance with the American Fisheries Act's citizenship rules 'likely exceeds several hundred million dollars and could exceed $2 billion'
New report finds Gulf of Mexico menhaden not overfished
The Gulf States Marine Fisheries Commission's Gulf of Mexico menhaden stock assessment showed that fishing pressure has remained at reduced levels
US gov’t spends nearly $1m to train next generation of fishermen
The funding to support training and workforce development was granted to the Maine Coast Fishermen's Association and the Eastern Maine Skippers Program
Bipartisan forage fish bill reintroduced to prevent further decline in US of herring, shad
US representatives Debbie Dingell, a Michigan Democrat, and Brian Mast, a Florida Republican, last introduced the bill in 2021
Court rejects bankruptcy bid of former major US importer of Russian crab
A Rhode Island judge has dismissed the case of Great Northern Products, citing insolvency and lack of progress in reorganization efforts
Cooke, Omega Protein want ‘figurehead fraud’ suit tossed
'[The plaintiffs] voluminous pleading substitutes length for substance and argues about the purported scheme without details of fraud or false claims' -- Cooke's lawyers
US regulator: Cooke menhaden supplier ‘in compliance’ with foreign ownership law
Neither MARAD's finding nor the DOJ's decision to not join the lawsuit are likely to harm the litigation's chances of success -- Brendon DeMay, plaintiff's attorney
Bokel leaves bankrupt GNP to lead foodservice sales at NAPS
Joao Bokel was a commodity trader for major Russian snow crab importer Great Northern Products, in Cranston, Rhode Island, for 7.5 years
MarinTrust updates standard for ‘world that has changed’
Its updated standard -- called simply 'Version 3' -- is the organization's attempt to keep pace in a fast-moving world, as well as 'future-proof' the standard