Tag Archives: Peter Pan
Bristol Bay fleets call for greater price transparency
There’s a multi-decade precedent for Bristol Bay salmon processors to wait until the season is underway to announce what they’re willing to pay. Peter Pan shook up the industry in 2021 and 2022 by announcing a base price at the start of the season, but this year waited until mid-July, along with other processors in the region. Captain Konrad Schaad, of the Fishing Vessel Skua, says this model hurts fishers. “The producer gets paid what’s left over. We produce the fish and then it gets processed and sold and everything and everybody gets their cut, and then the morsels that are leftover, they give to us. There should be a fixed cost for what we produce here,” he said. In Bristol Bay, commercial fishing crews fish on what’s called an ‘open ticket. >click to read< 12:53
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
For Alaska’s seafood processors, the Coronavirus pandemic has cost tens of millions
Heading into the 2020 fishing season, many people were concerned that seafood workers from out of state would bring COVID-19 to rural communities. Processing companies managed to keep the disease under control. but at a big cost. Now, economists are looking at that financial toll. To keep track of how the pandemic is shaping the seafood industry, economists at the McDowell Group have started to publish monthly briefs for the Alaska Seafood Marketing Institute. “It’s interesting to describe a crisis when you’re in the crisis, right? And that’s our situation,” said Garrett Everidge, an economist at the McDowell Group. >click to read< 15:15
Alaska Seafood processors relying more heavily on U.S. workers this year
Seafood employers need to fill many seasonal jobs every salmon season. In general, that process remains the same year to year. Nelson San Juan is the seafood employment coordinator for the Alaska Department of Labor. He says employers are leaning on state labor resources more than usual this year. “A lot of them are depending highly with the seafood unit because of, well they used to use these H-2B visa, and some of them decided not to use it or for some reason they were not able to use that program this year.” The H-2B program allows U.S. employers to hire temporary workers from overseas. San Juan says employers who did decide to use the program ran into a problem. Audio click here to read the story 18:50
