"It started with one boat," says Trident Seafoods' Chairman Chuck Bundrant, glancing at the etching of the 135-foot Billikin that hangs above his desk. "We asked why we couldn't catch crab and process crab on the same vessel. They said it wasn't going to work."
That was in 1970. Chuck Bundrant was an Alaska king crab fisherman, so were Kaare Ness and Mike Jacobson, who would soon become his partners. Harvesting crab was profitable in the '70s. Nevertheless, the three fishermen understood that the key to their future lay beyond the docks where the boats simply unloaded the catch. Together they built the Billikin, adding crab cookers and freezing equipment necessary to process their own finished product. They embarked on a new course for themselves and ultimately the Alaska seafood industry - the fishermen were now in the seafood business.
Cod captures register strong decline off New England United States
Since a while ago, the United States has been forced to import cod from Norway, Russia or Iceland in the north Atlantic due to the decline of the fishery in New England, where the federal government has reduced capture quotas.
Two subsidiaries of Pacific Andes request to be declared bankrupt Hong Kong
As part of its restructuring process, Pacific Andes International Holdings (PAIH) announced that two indirect subsidiaries, Golden Target Pacific Limited and Nouvelle Foods International Limited, have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.