Tag Archives: Maruha Nichiro
Struggling seafood processor hopes to come back stronger under new ownership as ‘New Peter Pan’
Peter Pan, the seafood processing company with an array of plants in Southwest Alaska, had been struggling to keep up with competitors. So when its owner, Japanese seafood giant Maruha Nichiro, initially announced its sale of Peter Pan to three private equity groups, it said it expected a loss of almost $28 million. The deal means the company is now vertically integrated, so all stages of production and marketing — usually operated separately — are now under one owner. It also places Peter Pan under American ownership. >click to read< 15:46
Russians jet in to save New Zealand’s beleaguered deep-sea fishing industry
Hundreds of Russian and Ukrainian seamen will fly into Christchurch in the coming weeks to save the country’s beleaguered deep-sea fishing industry, which has been haemorrhaging cash and is on the brink of mass layoffs. About 440 fishermen will arrive on two flights chartered by fishing companies – the first of which touches down from Moscow via Singapore on Friday. New Zealand’s deep-sea fishing industry, largely reliant on overseas workers, has been crippled by Covid travel restrictions that have left operators unable to crew their boats, costing tens of millions of dollars.>click to read< 09:21
Russian pollock sector soon to be as consolidated as US – 2 Foreign Companies OWN 50% of all US POLLOCK
The industry will follow the model of the US pollock sector, with the top five Russian companies controlling 80% of the quota in 2015-2016, states Osadchiy’s presentation from the event, held last week in Bergen, Norway. In the US, Trident Seafoods, Maruha Nichiro, Nippon Suisan Kaisha (Nissui) and American Seafoods Group control 80% of the TAC. Trident has 25% of the TAC, Maruha Nichiro, through its mothership vessels and Westward Seafoods and Alyeska Seafoods processing plants, has 22%; Nissui has 18% through Unisea; with American Seafoods and its fleet of factory vessels harvesting 16%. Read the rest here 18:59
