Phillips snapped up another Canadian shellfish firm before South Shore deal
Undercurrent News reported the prospect of a deal by US swimming crab giant Phillips for the New Brunswick-based snow crab and lobster processor in late November 2023
Russian crab asset seizure involves nearly 10,000t of quotas
The seizure of crab assets, including companies allegedly owned by former 'crab king' Oleg Kan, comes after authorities moved on Kan's other assets late in 2023
Vietnam’s seafood sector hopes for Japanese-backed recovery in H2
Vietnam anticipates acute challenges to its seafood sector throughout 2024, but expects Japanese investment in processing to contribute to its recovery in H2
China’s seafood imports slow at $19.2bn but Russian crab purchases surge
China's seafood imports inched up 1% by value to hit a record $19.23bn in 2023, marking a sharp slowdown in growth compared to previous years, according to newly released trade data
Fimex to focus on Japan, China as it braces for tough 2024
The Vietnamese shrimp company expects continued harsh competition with rival countries, high costs, and low prices
Chinese feed giant to accelerate overseas investments, land-based shrimp projects
China's largest aquafeed manufacturer, Haid, is looking to invest in feed production in new African markets as well as Brazil, in addition to its $1.18bn domestic RAS shrimp plans
Daily recap: Phillips to buy Canadian lobster supplier; Kontali notes price spread between small, large salmon
Undercurrent News presents a recap of the top daily seafood stories from Monday, Jan. 29
Phillips to buy Canadian lobster supplier from insolvency
US-based swimming crab company Phillips is set to purchase a Canadian lobster company, according to documents filed in the latter's insolvency process
Nova Scotia’s aquaculture classification system extended to shellfish
The classification system is still under development and scheduled to be implemented in March 2025
Moroccan octopus prices rise amid bad weather, strong demand
Octopus prices have fluctuated in January due to adverse weather conditions affecting catches, increasing demand and the shortage of larger sizes