Hello folks -- Let's catch up on another exciting week of seafood news.
First up, it's time to get educated on sustainability-linked lending for seafood. The sector came late to the party, but green and blue bonds could become 'a license to operate.'
Global supply chain bottlenecks show no sign of easing as new figures reveal that port congestion across several sectors has reached record levels, in bad news for the frozen fish sector.
In other bottlenecks, COVID closures and worker departures are squeezing the supply of one of the world's most popular whitefish. A fascinating look into how this sector has been hit.
In a surprise move, the CEO of Bregal-backed Blue Harvest Fisheries has been named the new CEO of a new closed-containment salmon farming project in Maine.
Salmon giant Mowi said it will close a Canada freshwater hatchery, blaming Prime Minister Justin Trudeau's policies.
In a hotly contested legal battle, lawyers representing several of Canada's First Nations stood staunchly in favor of a judicial review of the decision to phase out salmon farming in a key BC area.
A new Minister of Fisheries, Oceans and Canadian Coast Guard was named, but most in the salmon farming industry don't expect major changes.
Meanwhile, UK rival Young’s Seafood is jumping on the surge in salmon sales with the launch of a product in Asda stores. Take a look.
Russian fisheries researchers are warning the country's key pollock harvesting region could face a sharp decline in the total allowable catch as early as 2024.
Meanwhile, the value of US frozen Alaska pollock production could decrease this year by as much as 24 percent. Here's why.
In a concerning development, a British scallop trawler owned by Macduff Shellfish, a fishing company owned by Clearwater Seafoods, has been detained by French in rising post-Brexit tension. The next steps are unclear.
A $2 billion eCommerce giant acquired this US-based seafood company, showing that the company's early adoption of online retailing was the right move.
Keep up with us
You can get my Editor's Picks right into your inbox. Over 50,000 recipients receive our emails each week on a range of topics. See what all the fuss is about.
Also don't forget to follow our podcast. You can find us on most formats, but here's a handy link to the Apple podcast page.
Have a great week ahead.