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Tag Archives: Tri Marine Group

Tri Marine Group sells plant to Silver Bay Seafoods

October 25, 2018 Pacific

US tuna supplier Tri Marine Group has struck a deal to sell a plant in California. Tri Marine said the sale of the pelagic-processing factory to Alaska-based salmon-to-squid supplier Silver Bay Seafoods was subject to approval of the facility’s ground lease by the Port of Los Angeles. ,,, Silver Bay said the acquisition of the plant, located in San Pedro, meant it has unloading and processing facilities in the north and south of California. >click to read<14:28

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Tri Marine Group announces closure of Samoa Tuna Processors cannery December 11

October 13, 2016 Western Pacific

Employees of Samoa Tuna Processors are learning that the cannery is shutting down indefinitely December 11 due to “adverse business conditions”. The $70 million cannery was officially opened in January of last year, but only started production a few months later because of delayed shipping due to industrial action on the west coast. The closure would put close to 1,000 workers out of jobs and send ripple effects throughout the community and also Samoa where the majority of production employees are from. Renato Curto, CEO of the Tri Marine Group said in a statement, “This is an incredibly difficult decision and one we make with a great deal of reluctance. “Our hearts go out to STP’s employees, suppliers, service providers and everyone else who depends on STP’s operations.” The statement said the challenging economics of canning tuna in American Samoa combined with external factors facing STP make Tri Marine’s private-label focused business model for operating the plant economically unsustainable in today’s market. Tri Marine is currently evaluating alternatives for the facility including outright sale, preferably to a strategic buyer that would minimize job losses. Read the rest here 17:04

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Ocean Resource Privatization

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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