Tag Archives: Royal Greenland

Record high prices, strong demand for Canadian snow crab bodes well for Alaska

The top executives of Royal Greenland and Ocean Choice International (OCI) noted demand has remained strong for Canadian snow crab in 2017, despite record-high prices caused by reduced supply from the Newfoundland and Labrador fishery. In April, Canada’s Department of Fisheries and Oceans (DFO) cut the 2017/2018 total allowable catch (TAC) for the Newfoundland and Labrador fishery 22% year-on-year — to 35,419 metric tons — causing prices to increase to record levels of over $8 per pound (for 5-8 ounce size crab) during the season, sources said. The Newfoundland season started on April 6 and finished between May and August, depending on the area. click here to read the story 18:38

Is John Risely out to gut Ocean Choice International like a fish? By Ryan Cleary

ryan-cleary-fish-nlNova Scotian John Risley who led a hostile takeover of Fishery Products International in 2001 that led to the company’s demise and the loss of hundreds of rural jobs — appears to be attempting another such takeover. This time of Newfoundland and Labrador-based Ocean Choice International — which bills itself as Canada’s “largest wild fish quota holder,” including highly lucrative snow crab, shrimp, scallops, cod, and turbot. If Risley succeeds he could potentially do to OCI what he did to FPI — gut it like a fish. I say that Risley is no friend of Newfoundland and Labrador, and if he gets his hands on OCI’s quotas the Grand Banks will be sold off to the highest bidder.Ryan Cleary is a former Newfoundland and Labrador MP, long-time journalist, and leader of FISH-NL, a group attempting to represent the province’s fish harvesters in a break-away union from the FFAW. Read the full piece, click here 22:21

Quin Sea sale to Royal Greenland approved by N.L. government

The Newfoundland and Labrador government has approved the sale of one of the province’s largest fish processors to a Greenland company. The Minister of Fisheries and Aquaculture, Steve Crocker, said in a news release Friday that he has accepted the recommendations of the Fish Processing Licensing Board to have Royal Greenland take over . Quin Sea operates a half-dozen plants in the province — the largest one in Old Perlican, Trinity Bay — processing about 11,000 metric tonnes of seafood every year. Read the rest here and here 11:16

Don’t sell off our fishery to Royal Greenland – Time to “rise up,” Newfoundlanders

thDQ5HMQW1I hope I’m not too late, but what is the status of the Royal Greenland company’s plan to seemingly take over the Newfoundland fishery? If it is still under discussion, then I am probably the least qualified person to be entering this fray, but from reading things from much better informed individuals such as Father Ed Brophy, Gus Etchegary and others, it seems that Newfoundlanders are about to lose control of their fishery to Royal Greenland, a foreign company. This cannot be allowed. Read the rest here by Alun Davies, Outer Cove 12:34

Paul Davis raising questions about sale of Quin-Sea Fisheries and CETA

Opposition Leader Paul Davis is raising questions about the pending sale of one of Newfoundland and Labrador’s largest seafood companies to a firm wholly. It was revealed last month that a company called Royal Greenland has reached an agreement to purchase Quin-Sea Fisheries Ltd. In a news release issued on New Year’s Eve, PC leader and former premier Paul Davis said he has written the licensing board, urging it to consider a number of questions, including the possibility that a foreign company may gain control of Canadian seafood quotas. Read the article here 16:35

Must Read – Fears for our fishery, Father Ed Brophy, St. Alban’s

Sisimiut2Fellow Newfoundlanders, according to the news, a large Newfoundland fish company called Quin-Sea is about to be taken over by an even larger company from Denmark. The Danish company is called Royal Greenland. I find this disturbing. For me, it is a cause for grave concern. With the stroke of a pen, with the signing of a bill of sale, Royal Greenland of Denmark will be the major shareholder in one of Newfoundland’s largest fish-producing companies. In other words, major decisions about the company, the quotas the catching of shrimp and crab, the production — in fact, all major decisions — could be made by a large company in Denmark. Read the op-ed here, and think! 09:23