Chris Chase is the Portland, Maine-based associate editor of SeafoodSource. Previously, he worked covering local issues at the Coastal Journal in Bath, Maine, where he won multiple awards from the Maine Press Association for his news coverage and food reviews. Chris is a graduate of the University of Maine, and got his start in writing by serving as a reporter and later the State Editor of The Maine Campus, an award-winning campus newspaper.
Author Archive
Canada-based food company Premium Brands Holdings Corporation continued its streak of record earnings and sales in Q2 2024.
The company had revenue of CAD 1.7 billion (USD 1.23 billion, EUR 1.13 billion) in Q2 2024, up 4.4 percent, or CAD 71.8 million (USD 52.3 million, EUR 47.9 million), from the same period of 2023. Alongside increased revenue was increased earnings, with the company posting adjusted EBITDA of CAD 164.6 million (USD
… Read More
Lunenburg, Nova Scotia, Canada-based High Liner Foods posted higher profits and earnings in Q2 2024 compared to the same period of 2023, but its sales volume decreased in part due to headwinds in its foodservice business.
The company posted a gross profit of USD 52.5 million (EUR 48.1 million) in the quarter, up USD 500,000 (EUR 458,000) from the USD 52 million (EUR 47.6 million) it posted in Q2 2023. Gross profit as a percentage of sales
… Read More
Brunswick, Maine, U.S.A.-based Salmonics, which produces reagents and products from blood harvested from farmed salmon, has come a long way from operating out of a former paint room on a defunct U.S. Naval Air Force base.
When Salmonics President and CEO Cem Giray began the company in 2020, it tapped into space available at the former base, which was in need of renovation before it could be used as a space to produce biomedical reagents.
In
… Read More
The Fish, Food, and Allied Workers Union (FFAW) has won an arbitration against the Association of Seafood Producers (ASP) over a dispute in 2023 over snow crab tolerances.
FFAW, which represents snow crab harvesters in Newfoundland, Canada, won a judgment it said it expects will be worth CAD 3.3 million (USD 2.4 million, EUR 2.2 million) against ASP related to claims that processors in the province shortchanged harvesters in the 2023 fishing
… Read More
Tokyo, Japan-based seafood company Kyokuyo saw its year-over-year revenue and profits climb in Q1 2024, but China’s ongoing ban of Japanese seafood products is continuing to hit the company’s marine product exports.
In earnings results released on 5 August, Kyokuyo announced it had revenue of JPY 68.2 billion (USD 471 million, EUR 431 million) in Q1 2024, up 9 percent from JPY 62.4 billion (USD 431 million, EUR 394 million) in Q1
… Read More
Norway’s seafood export value increased year over year, marking a reverse of the historic drop in value the country experienced in June.
The latest trade data shared by the Norwegian Seafood Council (NSC) indicates the country exported seafood worth NOK 13 billion (USD 1.12 billion, EUR 1.07 billion) in July 2024, an increase of NOK 727 million (USD 66 million, EUR 60 million), or 6 percent, compared to the same month last year.
… Read More
Oslo, Norway-based salmon-farming company Cermaq posted a slight profit in the three months ending 30 June 2024 – which is the first quarter of its fiscal year – reversing the losses it had in Q1 2023.
In results posted by its parent company Mitsubishi, which purchased Cermaq in 2014 for NOK 8.9 million (then USD 1.4 million, EUR 1.1 million), Cermaq had a three-month profit of JPY 800 million (USD 5.5 million, EUR 5 million),
… Read More
The European Union is reportedly considering new sanctions against seafood of Russian origin as the divide between the bloc and the country grows.
German publication Die Welt reported the E.U. is considering new sanctions against Russian seafood, including Russian pollock. The E.U. already banned a number of Russian seafood items in a sanctions package in 2022, including items like crustaceans and caviar, but pollock was still allowed.
… Read More