News - page 58

February 2, 2011 Contessa Premium Foods, Inc. received U.S. Bankruptcy Court approval of its agreement with Wells Fargo Bank, N.A. permitting the continued funding of Contessa's operations while in Chapter 11. Chief Bankruptcy Judge Peter Carroll approved the agreement, along with all of Contessa's other "first day motions," at a hearing in Los Angeles on Monday, January 31, 2011. "The agreement with Wells Fargo provides adequate liquidity for normal operations to continue without any disruptions to our customers, vendors and employees," said John Z. Blazevich, Contessa's chief executive officer, reports www.megafishnet.com

By using fish bones as a source of phosphorus in salmon feed, the salmon grow better, the skeleton becomes stronger and the environment is spared unnecessary pollution, reports www.megafishnet.com

Regal Springs Tilapia Aquafarm in Lake Toba, Sumatra, Indonesia is the second aquaculture operation in the world meeting the International Standards for Responsible Tilapia Aquaculture (ISRTA). These high standards were created by industry stakeholders organized by the World Wildlife Federation (WWF), the world's leading conservation organization. The farm now has a GlobalGAP certificate and its processing plant holds a GlobalGAP Chain of Custody (CoC) certification, reports www.megafishnet.com

The Marine Harvest Group achieved an operational EBIT of NOK 1 062 million in the fourth quarter of 2010, compared to NOK 520 million in the corresponding quarter of 2009, reports www.megafishnet.com

Princes Limited (Princes), a 100% subsidiary of Mitsubishi Corporation (MC), has entered into a conditional agreement to acquire the canning operations of Premier Foods Plc (Premier Foods), reports www.megafishnet.com

The Chief Executive Officer, deputy Chief Executive Officer, and Chief Financial Officer of Icelandic Group have tendered their resignation. Together, they formed the Company's Executive Management Board. The reason is that their ideas for the company´s direction no longer coincide with the strategic vision of the Board of Directors, reports www.megafishnet.com

Aquaculture is overtaking traditional fishing in global production, the United Nations Food and Agriculture Organisation (UNFAO) reported recently. But a scientist with the organisation predicted that growth would slow as space for the food farms dwindled and concerns grew about their effects on the environment, reports www.megafishnet.com

Culimer is adding a new product to its product range. Slipper Lobster, also known as flathead lobster is caught in Vietnam between November and February, reports www.megafishnet.com

In 2010 Ocean Trawlers initiated a Scientific Observers Scheme to be performed on the vessel of its suppliers in connection with MSC certification of the Barents Sea cod and haddock. The Scheme is performed by Russian fishery research institute PINRO, reports www.megafishnet.com

The top ten fish and chip shops in the UK have committed to challenging their customers' tastebuds by signing up to Hugh Fearnley-Whittingstall's Mackerel Mission, thanks to coordination by Seafish, the authority on seafood, reports www.megafishnet.com

Young's Seafood, The Seafood Company and Findus UK will be brought together to create Young's Seafood Limited, the UK's largest supplier of fish and seafood to retailers and consumers. With a turnover of around £600 million, Young's Seafood Limited's meals will be enjoyed by millions of consumers every day. Young's Seafood Limited will be part of the European parent, Findus Group, which is led by Chief Executive, Chris Britton, reports www.megafishnet.com

In a speech during the annual "Outlook of the Americas" luncheon of the Association of American Chambers of Commerce, Walmart Latin America CEO Eduardo Solórzano discussed how Walmart is using the company's expertise in sustainability as a means for profitable growth, reports www.megafishnet.com

Scientists will investigate to what extent fish cells transform fatty acids from plants into omega-3. In a new trial, rainbow trout will eat plant diets completely free of marine ingredients, reports www.megafishnet.com

Morpol hereby announces the new name of Morpol's UK salmon farming operations as Meridian Salmon Group, reports www.megafishnet.com

The Russian Government has approved a plan of measures aimed at improving control and licensing powers as well as at optimizing state services in the nation's fisheries sector, reports http://www.megafishnet.com/

Bad weather hampered fishing for both herring and for the capelin fisheries near Iceland, however, we saw the season's first catch of capelin from the Barents Sea, reports www.megafishnet.com

Olav Holst-Dyrnes will join Aker Seafoods as Director Harvesting to head the groups' fishery activities. In addition, Frode Mikkelsen has joined Norway Seafoods as Sales Director. Other changes have also been made to the organization at Norway Seafoods, reports www.megafishnet.com

Sinkaberg-Hansen AS has signed a contract for the installation and deployment of a new production control system for salmon with AKVA group Software AS, reports www.megafishnet.com

Not all trout are created equal. Those swimming up the streams of British Columbia might resemble their cousins from Quebec, yet their genetic makeup is regionally affected and has an impact on how they reproduce, grow and react to environmental stressors, reports www.megafishnet.com

The annual International Boston Seafood Show (IBSS) and Seafood Processing America (SPA) again come together as the country's premiere seafood event. Held March 20-22, 2011 at the Boston Convention and Exhibition Center, the show will feature something new for every taste, while remaining the one-stop business opportunity designed to meet every seafood and processing need, reports http://www.megafishnet.com/