As the week kicked off LATAM Airlines Group and its affiliates in Chile, Peru, Colombia, Ecuador and the United States, a key carrier for Chilean salmon exports, filed for Chapter 11 bankruptcy protection as it struggles with what it said is "the biggest crisis in aviation history."
With Coronavirus never far from the headlines, the National Oceanic and Atmospheric Administration (NOAA) announced it was taking the "unprecedented step" of cancelling five major Alaska fisheries research surveys critical to the management of Alaska pollock, Pacific cod and other major groundfish species in the North Pacific.
Looking further ahead we looked at whether there is a way back to 'normal' for US foodservice shrimp demand.
At the same time, UK trade body Seafish is painting a bleak picture of things to come for seafood in a post-coronavirus world, basing its outlook on the aftermath of the last major financial crash in 2008 which saw an “accelerated decline” in seafood purchases at retail.
But the post-coronavirus financial climate will support upcoming land-based aquaculture projects, in part because shortened supply chains and sustainability claims will hold greater appeal among investors, aquaculture-focused investment bank Lighthouse Finance CEO Roy Hoias told IntraFish.
With this in mind, IntraFish reporter Demi Korban drew up a map of land-based salmon farming projects announced over the past year.
Back in the United States Bumble Bee Seafoods retired Horatio, its long-time canned tuna mascot under a packaging overhaul.
Grieg announced it was creating a new international sales arm and dissolving its Ocean Quality joint venture after a five-year run.
In more upbeat news to end this round up farmed salmon is said to be 'flying off the shelves' at US supermarkets, while suppliers are seeing early signs of foodservice recovery. And in an exclusive interview with Correspondent John Evans, Clearwater CEO Ian Smith said he sees signs Asia may be coming back to life.
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