Inuit shrimp harvesters in Canada cry foul over quota shares
A group of harvesters say a relatively new policy, adopted in 2021, is pushing them out of the fishery
Polar Seafood sees profits slip again in 2023, forecasts 2024 recovery
After a 2022 dive in profit following the discontinuation of its Russian operations, profits slipped again in 2023, with a potentially tumultuous period of business ahead
US West Coast groundfish traders eye UK, EU gap amid soaring cod prices
After making some headway with sales of Pacific whiting to UK fish and chip shops last year, WUSATA is now looking to enter the Dutch market, where groundfish has never been dearer
Red Lobster lays much of bankruptcy blame on former CEO Kenny, Thai Union
'Certain operational decisions by former management have harmed the debtors' financial situation in recent years' -- Jonathan Tibus, CEO of Red Lobster Management
Greenland passes fisheries reform
The new Fisheries Act -- which aims to allow greater freedoms for fishermen but is likely to cause a structural shift in the coldwater shrimp sector -- enters into force at the beginning of 2025
Coldwater shrimp prices headed up in Europe with potential Greenland reform on horizon
Coldwater shrimp prices are already on the rise and are expected to continue to do so into the fall; meanwhile, Greenland's possible fisheries reform could dramatically alter the supply landscape
Clearwater finally sees benefits of delayed shrimp, turbot vessel
Clearwater's long-awaited new coldwater shrimp and turbot vessel partially offset sales drops for snow crab and lobster, according to the first quarter report of Premium Brands
Premium sees ‘positive signs’ for lobster biz, works on deal for $220m-turnover firm
Canada's Premium Brands is working on the acquisition of a CAD 300m, or $220m, seafood company while also noting light at the end of the tunnel for its lobster division
Sykes, Klaas Puul parent passes $400m turnover in ‘challenging’ year
The acquisitive parent company of Sykes and Klaas Puul saw turnover rocket in its latest financial year, but its pre-tax profit took a hit from one-offs
Canadian court quashes DFO decision to approve Nunavut fishing licenses for Clearwater
A federal court judge says the decision by then-fisheries minister Bernadette Jordan to reissue fishing licenses to a coalition of seven Mi'kmaq First Nations as part of the sale of Clearwater Foods was unreasonable