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
New Pebble Mine opposition group forms
Trout Unlimited, Bristol Bay Native Corporation and Bristol Bay Regional Seafood Development Association join forces against a project that puts Alaska's $1.5bn fishing industry at risk
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
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