LUNENBURG, N.S. - High Liner Foods Inc. shares dropped by as much as 13.4 per cent Wednesday 7th of August 2010 after the frozen seafood company said its net earnings plunged in the second quarter as it absorbed costs associated with a 14 per cent cut of its salaried workforce.
The Nova Scotia-based company’s shares fell to CAD 8.97 in early trading on the Toronto Stock Exchange and were down 83 cents or 8.2 per cent at CAD 9.34 about midday.
High Liner, which reports in U.S. dollars, says it earned USD 946,000 or three cents per diluted share for the three months ended June 29, compared with USD 2.8 million or eight cents per share in the prior year.
This salmon farming company is situated on the southern tip of Chile under the name Nova Austral. The company is able to say that its antibiotic salmon are free.
This is a big sale. Many consumers of farmed salmon are put up on antibiotics. So the type of antibiotic-free premiums can get as much as 30% over the regular things in international markets. (Salmon caught in the wild are still much more than four times collected on the farm.)
It’s been one year, so how’s that trade war with China working out for the nation’s seafood industry?
As with farmers, there’s not much winning and ongoing tweeted skirmishes have global fish markets skittish.
The quick take is the 25 percent retaliatory tariff imposed by China on US imports last July caused a 36 percent drop in US seafood sales, valued at USD 340 million, according to an in-depth analysis of Chinese customs data by Undercurrent News.
Krill oil is oil from a tiny, shrimp-like animal. Baleen whales, mantas, and whale sharks eat primarily krill. In Norwegian, the word “krill” means “whale food.” People extract the oil from krill, place it in capsules, and use it for medicine. Some brand name krill oil products indicate that they use Antarctic krill. This usually refers to the species of krill called Euphausia superba.
The omega-3 fatty acids in fish oil have various potential health benefits, one of which is aiding weight loss. More importantly, fish oil omega-3s may help you lose inches and shed body fat. However, studies have found these effects appear to be modest, and they may not apply to everyone.
A longtime seafood processor is shutting down a part of its operations, resulting in the layoff of about 40 workers.
Bornstein Seafoods CEO Colin Bornstein said that the business is closing the groundfish processing portion of its Bellingham operations later this month. It will keep its value-added albacore tuna operations intact, which employs about 25 people.
The decision to close the groundfish processing portion was because of changing regulations and commercial fishing fleet consolidations, Bornstein said. Much of the groundfish now comes from Oregon waters, closer to three Bornstein Seafoods processing plants. He noted that it costs more time to have the groundfish taken to Bellingham for processing.
Sea fisheries and processing businesses are to share more than GBP 5.6 million aimed at increasing growth and creating local jobs.
The eighth round of the European and Maritime Fisheries Fund (EMFF) includes GBP 1.3 million for Seafood Scotland to help it maximise key export markets and GBP 1.35 million for J K Thomson in Musselburgh to support the construction of a new processing factory.
Fishers were warned last year by Fisheries Minister Stuart Nash that there could be cuts if there was no action to arrest its decline.
RNZ understands Mr Nash is of the view that fishers have not gone as far as he would have liked in doing this, and steps may soon have to be taken.
Using a theoretical starting point of 100 percent where tarakihi were not impacted at all by fishing, the Department of Conservation's latest assessment showed there were just under 16 percent of these fish left on the East Coast of New Zealand.
Myanmar’s aquaculture industry will receive a boost from the barter-trade agreement that was signed between the country and China.
Fisheries Department deputy director for quality control and research U Thet Naing said an inventory of fish for export has been sent to China.
The inventory has been sent to China via the Ministry of Foreign Affairs for approval. “It will take time as there are procedures,” he said, adding that this is the priority species for export.
At present, Myanmar exports six out of 21 species of fish and prawn in the inventory, with the remainder being of export potential. Climbing perch, branded snakehead, tilapia and white prawnwere among the species in the inventory.
Brexit can significantly increase tuna prices United Kingdom
The countdown of the UK departure from the EU will actually begin - the deadline is 11 noon (London time) on October 31, 2019 - and the country is worried that it will face the Brexit without any agre...