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US China trade spat hit seafood
Large Chinese processor defaults on additional $125m debts

By April 17, 2019 2:52 PM

Dalian Tianbao's total overdue debts now amount to $326m, based on an Undercurrent News analysis

Vessels
Latvian P&P, Samherji firm buys trawler from Canada’s Newfound Resources

By and April 17, 2019 9:25 AM

Canadian fishing company Newfound Resources has bid farewell to a vessel which has landed over 100,000t of shrimp and turbot over 19 years

People
‘Our Superbowl’: Inland Seafoods’ New Orleans unit slammed for Lent

By March 22, 2019 3:51 PM

The 56 workers at Inland Seafood's 10,000-square-foot facility in New Orleans are in high gear for the Lenten season, one of the busiest times of the year

China Expo 2018
Large shareholder in beleaguered Dalian Tianbao looks to sell

By Feb. 12, 2019 10:10 AM

The Shenzhen-based investment firm said it aims to sell a 6% shareholding in Dalian Tianbao Green Foods through 'competitively priced bulk sales'

China Expo 2018
Owing $136m, creditors circle major Chinese processor as lawsuits mount

By Feb. 11, 2019 5:42 PM

At the height of China's stock market bubble in 2015 Dalian Tianbao Green Foods was worth a staggering $1.5 billion; today it is worth a fraction of that amid a lawsuit deluge

North America
New ISI CEO says Icelandic M&A tidal wave shows no sign of breaking

By Jan. 31, 2019 9:59 AM

Moves from salmon farmers and other protein companies into downstream sector in whitefish is driver for wave of M&A from Icelandic firms, says Iceland Seafood CEO

Crab
FISH-NL begins another push to be certified as Newfoundland harvesters union

Jan. 25, 2019 4:36 PM

Ryan Cleary, who has been retained as FISH-NL's leader, vowed to blow past the 4,000 member requirement in order to be certified as a union in the province

North America
Mazzetta drops Gloucester processing plant price by $6m to encourage sale

By Dec. 28, 2018 5:42 PM

The building and 9.6-acre property, which once processed lobsters and finfish, was marked down by $6m to $11m

Sustainability
Canada’s Louisbourg Seafoods cautions against opening up redfish harvests

Dec. 14, 2018 6:35 PM

Redfish, also known as ocean perch, have made a remarkable comeback and are now believed to represent as much as 3.5 million metric tons in the Gulf of Saint Lawrence

Supply
Union: Redfish funding could bring opportunity for Canadian harvesters

Dec. 6, 2018 5:49 PM

The funds will be used to test different gear types in a hope to distinguish between two species of redfish with the goal of targeting the more abundant species, S. mentella

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