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
Warehouse creditor takes over running of Yihe China supply plant Qingdao Hairong
The running of processing plant for Walmart supplier Yihe, now in receivership in the US, has been taken over by a creditor coldstorage company, sources told Undercurrent News
Salmon landings in Russia down 22% due to poor Kamchatka runs
Latest official figures show landings totaled 390,665 metric tons as strong catches in Sakhalin offset a 115,000t drop in Kamchatka, although not all are convinced the reports' accuracy
Huge run leaves pink market still undefined
Large numbers of Alaskan pinks means a lot of work is still needed on grading the fish, while lack of sockeye is keeping those prices high
More than 80% of Alaska salmon will not be sold as MSC, says ASMI
Recent announcement by MSC should not be interpreted as a change in decision by dozen Alaskan companies to no longer sell and support MSC salmon, says marketing institute
Alaska salmon fishermen net $691m in record year of landings
Fishermen this year were paid an estimated $691m, which trails only the 1988 harvest, worth $724m
Anglo American pulls out of Pebble Mine
Conglomerate withdraws from hugely controversial mining project, which has raised objections for the damage it could do to world's largest wild salmon run, but partner intends to continue with project
US exec to congressman: MSC certification is ‘economic blackmail’
Director of US processors’ organization blasts the MSC process to Alaska congressman, in a hearing on the reauthorization of the Magnuson–Stevens act
PSVOA snags another processor for MSC clientship
Alaska-based seafood wholesaler Hoonah Cold Storage publicly joined the client group seeking Marine Stewardship Council (MSC) certification on Friday