EMS woes wipe out Seafresh earnings
Thai shrimp processor, a partner of Marubeni and owners of UK-based Blue Earth Foods, saw its earnings evaporate on sales of $211m as EMS wiped out shrimp volumes and sent prices soaring
CP Foods opens another shrimp plant in Vietnam after GSP hit for Thailand
Second CP Foods shrimp factory in Vietnam is partly to get around Thailand's loss of GSP preferential tariff for processed shrimp in Europe for 2014, with Thai preferential tariff on raw shrimp going at start of 2015
Marubeni buys US shrimp importer Eastern Fish for $56.7m
Deal will boost Marubeni's shrimp sales in Japan and the US to JPY 50 billion ($489m), says Japanese conglomerate
Loss-making CP Foods shrimp business moving in right direction
Thai shrimp giant is still losing money on shrimp, with aquaculture sales down 31% in 2013, but analyst sees positive trends in Q4
Thai Union ramps up India imports as shrimp business back in black
Thai Union saw its Q4 profit surge 62.9% y-o-y as its shrimp business returned to profitability, based on increased prices and the firm importing more raw material
Thai Union recommends $52.5m dividend on back of ‘perfect storm’ year
Operating profit fell by a fifth and net profit by 39% in 2013 despite record sales, as Thai Union says it was hit by 'perfect storm' of volatile tuna sales and rising shrimp raw material prices
Mazzetta plans $7.5m US processing expansion with former Good Harbor plant
US importer planning to further expand processing footprint by using the former Good Harbor Fillet plant in Gloucester, Massachusetts, according to reports
High Liner admits defeat on $150m by 2015 earnings target
High Liner is now targeting ebitda of $150m by 2016 and not 2015, as it was previously aiming for
Young’s Macrae Foods MD on way out as part of chilled reshuffle
Boss of Macrae Foods plant in Fraserburgh is on his way out, as influence of Pete Ward focusing more on running the chilled side of the business is felt
Repeat lab tests find effective treatment against EMS pathogen
Donald Lightner study replicated by two more labs, showing SBS water treatment works in fighting off the strain of bacteria that causes EMS