seafood 81 results

Canadian Fisheries Sustainability Continues to Improve, Reports MSC

The Marine Stewardship Council (MSC) released its State of the Water Report 2023 to reflect on its 15 years in Canada. The MSC is an international, non-profit sustainable seafood certification board. In 2008, the organization certified its first Canadian fishery with the addition of a Newfoundland and Labrador shrimp fishery. Since then, the MSC has certified 26 Canadian fisheries across the country. These 26 fisheries, according to the MSC, account for 61.5 per cent of all Canadian landings ...

Investing in Northern Communities With First Fish

First Fish is bringing the catch of Inuit harvesters to Ontario and bringing the proceeds back into communities around Nunavut. First Fish is a Toronto-based non-profit that began when Michael Labbe, the company’s founder, travelled to Qikiqtarjuaq, Nunavut in 2015 to aid in affordable housing options for the community. “Part of the requirements is that you need to have a pretty good job, so we found that there was a really big need for employment up there,” said Divya Vaghela, the ...

Seafood Sanction Duplicity and Double-Dealing

There have been many dates of infamy that will always be remembered throughout the vast and sorted annals of history. Right now, whether February 24, 2022, will be included on the infamous and dubious list of “I remember what I was doing on that day,” has yet to be determined. We are of course referring to the winter day when Russian President Vladimir Putin ordered his armed forces to invade neighbouring Ukraine — leading to the largest attack on a European country since the Second ...

Critical Seafood Exports Showing Signs of Life

Nova Scotia and Atlantic Canadian seafood, especially lobster, is not just enjoyed by consumers around North America, but around the globe. However, as you are aware, live lobsters don’t crawl to these foreign markets themselves. Part of the challenge for processors and buyers, notably for a live product such as lobster, is timely and efficient air cargo transportation. Prior to the start of the COVID-19 pandemic in 2020, air shipments of live lobster from this region were on the ...

Asian Seafood Markets Impacted by Russia-Ukraine War

The war between Russia and Ukraine has exerted great influence on different sectors of the global market. One victim has been seafood industries worldwide. Russia has spent great efforts in seafood promotion within recent years and it has been rising in prominence. Russian seafood exports have increased by 33.7 per cent to US$7 billion in 2021, according to the Russian Federal Agency for Fishery. But now everything has been disrupted. In the face of war sanctions, seafood trade between ...

Anti-Russia Sanctions Could Hit Crab, Groundfish with Price Volatility

On February 24, Russia mounted a full-scale invasion of Ukraine, dashing any lingering hopes of a smaller-scale, more contained event. In the build-up to this conflict, the U.S. has managed to forge a stronger united front with Western Europe than most expected. Germany’s decision to suspend the Nordstream 2 gas pipeline, which will lead to sharply higher energy prices in Europe and elsewhere, is a measure of how seriously the Western governments are taking the invasion. Sanctions are ...

2021 Was Fantastic for Seafood as Disruption Played to Our Strengths

The seafood industry is coming off a fantastic year, despite the turmoil and disruption of the pandemic. First, some numbers. When I went to analyze what happened with the U.S. seafood supply in 2021, I was blown away by our success. Using the data through October as a proxy for the year, we imported 4.2 billion pounds, six per cent over the volume of 2020 and 11 per cent over the volume of 2019. The value of these imports was up a staggering 24 per cent from their values in 2020. De...

Seafood Sector Worth $1.2 Billion Annually to P.E.I. Economy

‘We’re in a good position as a province,’ says Minister   The seafood industry continues to be a driving force for the Prince Edward Island economy, powered by the production of mussels and oysters and the commercial lobster fishery. According to the PEI Seafood Sector Economic Contribution Study released in October 2021, the economic value of the P.E.I. seafood industry in 2019 had a combined economic impact of $1.2 billion to the Island’s economy. “That’s a huge ...

Demand for N.B. Seafood at an All-Time High

New Brunswick seafood exports reached an all-time high in 2021, surpassing $1.9 billion from January to October. “New Brunswick saw the largest growth in Canada for seafood exports with an additional $742 million in revenues, surpassing every other Canadian province by at least $230 million,” said Margaret Johnson, Minister of Agriculture, Aquaculture and Fisheries. “With an increased demand for frozen seafood at both food service and retail markets, New Brunswick captured that ...

Grieg Outlines Ongoing Development of N.L. Operations

Plans are on track for the first three million smolt from the Grieg Seafood N.L. salmon hatchery and nursery in the Marystown Industrial Park to be transferred to marine grow-out sites in Placentia Bay next spring. One of the world’s largest indoor hatchery and nursery facilities, Grieg’s operation incorporates recirculating aquaculture systems (RAS) technology designed by AquaMaof, Israel. “Their design is a total recirculation of water to retain as much water as we possible ...