Low shrimp wholesale prices driving labor abuse in Vietnam, report finds
Many workers in Vietnamese shrimp plants have been driven into poverty since the pandemic as a result of the global slump in prices, finds a new report released Thursday (Aug.…
Diana Shipping locks ultramax bulker into charter with Cargill
New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Cargill for one of its vessels. Aquavita chartered the 2015-built, 60,508 dwt ultramax bulker DSI…
Polar Seafood to buy stake in Icelandic shrimp firm
The largest shareholders in Denmark’s Polar Seafood and Icelandic coldwater shrimp processor Kampi have struck a deal for the former to buy an undisclosed stake in the latter Want to…
Helix rakes in $786m worth of new deals from Petrobras
Houston-based offshore contractor Helix Energy Solutions has won new three-year vessel charter and service contracts with Brazilian major Petrobras. The Brazilian company awarded deals to the riser-based well intervention vessels…
Shanghai show 2024: Russia’s Antey expands live crab shipments to China with lower mortality rate
SHANGHAI, China — Undercurrent News is live-blogging from the 18th edition of the Shanghai International Fisheries and Seafood Exhibition (SIFSE), held at the Shanghai New International Expo Center from Aug.…
Shanghai futures market shows liner fortunes plummeting
SIPG Looking at the futures market being traded in Shanghai, analysts at Asia-based container consultancy Linerlytica are predicting box freight rates from Asia to Europe will tumble by more than…
Rises in salmon sales to the EU, US, and China offset declines in all other markets
Norway’s total fresh salmon exports rose week-on-week to 21,482 metric tons during week 33 (Aug 12-18) of 2024, although this represents a 6% drop compared to last year. Want to…
Benchmark Genetics reports drop in quarterly profit, revenue
The aquaculture genetics company said a strategic review, including a potential sale of the company, is ongoing. “Our Advanced Nutrition business remains resilient to the continuing soft conditions in the…
Canada’s two largest railways shut down
Canada’s two biggest railways have shut down after a midnight deadline passed without an agreement over pay conditions. The stoppage of work by 9,300 engineers, conductors and yard workers at…
EU pollock buyers, US suppliers at loggerheads over PBO fillet prices, Russian sanction calls
US pollock suppliers are pushing for higher prices for pin-bone out (PBO) fillets for B season, with European buyers resistant, sources told Undercurrent News Want to keep reading? Sign up…