High Liner Q4 earnings drop 10% as annual sales pass $1bn
As company crests $1bn annual sales mark for the first time, Demone attributes lower earnings to high prices on key species, one-off costs related to acquisitions integration and its supply chain optimization project
Shoney’s adds seafood items for Lent
Shoney’s, a restaurant chain based in the south of the US, is adding seafood items to its menu and a buffet for Lent
Red Lobster’s exec chef talks new menu, jumbo shrimp, Lobsterfest
Dustin Hilinski, executive chef and director of culinary for Red Lobster, said the US seafood restaurant chain’s new menu is geared to focus in on seafood
FDA antibiotics crack-down creates big losses for Guolian, now cleared
China shrimp producer’s long-awaited removal from the US FDA’s red list comes after eight months of sales delays, racking up losses from contract losses and pricey lab fees
Orion deal takes Chicken of the Sea Frozen Foods to around $1bn turnover
The acquisition of Orion and organic growth means Chicken of the Sea Frozen Foods will be around $1bn in annual turnover, could be Thai Union’s biggest division
EJF: Thailand should remain downgraded on TIP watchlist
NGO that carried out research into human rights abuses from 2013 onwards says too little has changed to allow Thailand to be upgraded again
Moody’s revises Young’s parent Findus rating to positive
The outlook change to positive was driven by Findus Group’s solid financial performance despite challenges in the retail sector, says ratings agency
Minh Phu approval for de-listing paves way for foreign investment plans
Vietnam’s stock market watchdog has given in-principle approval to Minh Phu Seafood to cancel its stock listing on the Ho chi Minh stock exchange
Brazilian entrepreneur plans land-based shrimp farm in New York state
Jean Claude Frajmund, a Brazilian born would-be entrepreneur living in the US, is planning a shrimp farm in Newburgh, a city in New York state
Ecuador shrimp prices slide on overproduction of big sizes, soft demand
Shrimp prices in Indonesia are rising on certain sizes, but overproduction of 30/40s in Ecuador and soft demand in Europe and the US are causing prices to decline