Bain Capital shifts M&J Seafood, two other Brakes firms into Fresh Direct JV
Bain Capital is combining M&J Seafood and two other former Brakes portfolio companies into a JV with Fresh Direct, with current MD of the latter to run the new business
India agriculure develpment bank rolls out $16m plan for fish farming
India’ National Bank for Agriculture and Rural Development has rolled out IDR 100 crore area development scheme for fresh water fish farming in five districts
China show can surpass Brussels, double size in new expo center
The China Fisheries and Seafood Expo, which celebrates its 20th year in 2015, has scope to pass Brussels as the world’s largest seafood event in a new venue
High Liner looking to beef up aquaculture buying team
High Liner Foods is looking to recruit a US-based procurement manager for aquaculture, based in its Portsmouth, New Hampshire office
Ecuadorian shrimp processor Fortumar for sale
Fortumar Ecuador’s owner is putting the small shrimp processor and exporter up for sale with a $6 million-$8m price tag
India vannamei output may stabilize after crossing 400,000t mark
Production of vannamei shrimp in India is likely to stabilize after reaching 400,000t due to stress factors, a veteran seafood exporter
Thai Union sees strong outlook on low tuna prices, gradual recovery on shrimp
After a record Q3 net profit, world’s largest tuna canner and major shrimp processor sees high consumption in skipjack on low prices, as well as low recovery in its now-profitable shrimp business
Minh Phu Q3 profit surges
Minh Phu Seafood, Vietnam’s largest shrimp exporter by revenue, said its Q3 net profit jumped 6.7-fold on year to VND 265.07bn
Thai Union’s Q3 profit nearly doubles on strong branded tuna sales, currency moves
Expanding margins and a weaker Thai baht helped to almost double Thai Union Frozen Products’ third quarter profit
US shrimp market weakens over last six weeks as buyers retreat to sidelines
The US market for white shrimp and value added shrimp is showing weakness, with prices for headless shrimp down 4.2% in the past six weeks