Other Media | SeafoodSource: Coronavirus forces Red Lobster to explore rent easements, refinancing options
UNITED STATES
Friday, August 28, 2020
Thai Union is looking at refinancing Red Lobster’s loans, reduced rent from landlords, and potentially closing some locations after the restaurant chain posted a USD 18.4 million (THB 579 million, EUR 15.6 million) loss in the fourth quarter.
The record losses were caused by having to close down all 600 dining rooms for a period of time, Thai Union Chief Financial Officer Joerg Ayrle said on an investor conference call.
Now, Red Lobster is looking at how it will refinance loans due in nine to 12 months and negotiate rent easements with landlords.
Author: Christine Blank / SeafoodSource | Read the full articlehere
Vietnam’s fish cake and surimi industry opened 2026 with encouraging growth, signaling a recovery in global demand. In the first two months, export value exceeded 45 million USD, marking a 7% increase compared to the same period in 2025, according to Ms. Nguyen Ha from the Vietnam Association of Seafood Exporters and Producers.
Data from Vietnam Customs highlights South Korea as the leading importer, with 12 million USD, representing 26% of total exports. Thailand follows with over 10 million USD (23.1% share), while China ranks third at 6 million USD, accounting for 14%.
Notably, China has emerged as one of the fastest-growing markets, with imports surging 37% year-on-year, reflecting expanding demand within the region.
The Dutch fishing giant Parlevliet & Van der Plas (P&P) has added the new mega pelagic freezer trawler Annie Hillina to its fleet. Built by the Turkish shipyard Tersan and designed by Skipsteknisk.
The vessel is 111.5 meters long and equipped with one of the most fuel-efficient engines in its class, the Wartsila 32. Its design has been optimized to reduce fuel consumption, emissions, and noise. It will also use environmentally friendly refrigerants to cool, freeze, and store fish on board. With a capacity for 60 people, it is expected to operate globally in European, South Pacific, and West African waters.
Source: Industrias Pesqueras | Read the full article here
Since turning the corner in 2020, the fishing sector has had to show its Nietzschean side. To prove that "what doesn't kill you makes you stronger." And it can boast of it. This has been certified by EUMOFA (European Observatory of the Market for Fisheries and Aquaculture Products), which in its latest study addressed the impact of the pandemic, Brexit, and the Russian war of aggression against Ukraine on the fisheries and aquaculture supply chain. The study found that the sector was able to overcome this "unprecedented stress test" to which it was subjected between 2019 and 2024.
Source: La Voz de Galicia | Read the full article here
In a first for the seafood industry, Mowi is marketing a special pack of fresh salmon to help raise funds for the Comic Relief charity initiative.
Whilst retailer Sainsbury’s has supported Comic Relief for over 27 years, with their focus now on working together to tackle food poverty, MOWI salmon is the first fresh fish brand to release a special edition Comic Relief pack.
Comic Relief’s “Red Nose Day” is one of the UK’s biggest charity fundraising events, aimed at raising money to support charitable projects both in the UK and internationally. The funds collected are used to tackle issues such as poverty, social injustice, and mental health, making a significant impact in communities across the globe.
Onda and Innovafeed announce promising results from trials using insect-based ingredients in salmon nutrition.
Preliminary research demonstrates antibacterial potential and strong growth performance in Atlantic salmon
Innovafeed, a global leader in insect-based ingredients (Black Soldier Fly – Hermetia illucens), and Onda, the world’s largest independent aquatic contract research organisation, today announced promising results from two collaborative trials evaluating the performance and functional benefits of insect-based ingredients in aquaculture nutrition.
Indonesia is accelerating efforts to expand its share in the global seafood market, positioning the sector as a key driver of economic growth amid rising international demand. Leveraging its vast marine resources, the country is intensifying export strategies and strengthening trade partnerships.
According to Antara, a total of 57 Indonesian companies have secured export licenses to China and Türkiye. The latter is emerging as a promising destination, especially as it prepares to implement the TROIS quality control system, requiring importer registration. Exports to Türkiye are projected to reach 2,600 tons by 2025, focusing on tuna, sardines, and processed seaweed.
Meanwhile, China remains Indonesia’s largest seafood market, with exports expected to surpass 491,500 tons, valued at approximately $1.04 billion by 2025. Indonesian exporters now offer over 1,000 product varieties, ranging from frozen squid to seaweed-based goods.
Despite strong growth, Indonesia faces increasing competition due to shifting global supply chains and geopolitical pressures. To sustain momentum, the country is prioritizing policy reforms, reducing trade barriers, and improving quality standards to maintain its competitive edge in the long term.
A recent study published in Food Research International highlights how ambient temperature in aquaculture regions significantly impacts the quality of surimi made from silver carp.
Researchers found that fish raised in warm regions such as Zhanjiang and Nanning exhibit higher myosin thermal stability than those from colder areas like Wuhan and Jinzhou. This directly affects optimal grinding time, a critical step for protein denaturation and gel formation. Surimi from cold regions reaches peak quality within 6–9 minutes, while raw material from warm regions requires 12–15 minutes.
However, the study warns that excessive grinding can damage protein structure, causing aggregation, a shift from α-helix to β-sheet, and weaker gel networks. Hydrophobic interactions were identified as the primary force behind gel formation.
Significant regional differences were also observed in protein composition: Nanning samples showed the highest total protein content, while Zhanjiang samples led in salt-soluble proteins, essential for gel strength.
The researchers recommend that processors adjust grinding times based on raw material origin, rather than using fixed methods, to improve gel strength, water retention, and overall production efficiency.
Vietnamese tilapia exports to the US are poised for strong growth in 2025, creating both major opportunities and notable challenges.
The United States remains the largest buyer of Vietnam’s tilapia fillets, with export turnover reaching $40 million, a remarkable 499% increase compared to 2024. This surge reflects robust demand, partly driven by supply constraints in competing countries like China, where tariffs and rising production costs have limited output.
The upward trend extended into early 2026. In February 2026, exports totaled $852,000, accounting for 10% of total tilapia export value. Over the first two months, shipments reached approximately $4 million, marking a 31% year-on-year increase.
Despite slight signs of slowing in February, analysts attribute this to seasonal factors. Importers had already boosted inventories in Q4 2025 to meet year-end demand, temporarily reducing new orders. Overall, the outlook for Vietnamese tilapia in the US market remains highly promising.
The appointment of Rivetla Édipo Araújo Cruz, a fisheries engineer trained at UFRA (Federal Rural University of the Amazon), to lead the MPA has been welcomed by Brazil’s fish farming sector. Araújo represents a generation that helped shift the North region’s fishing activity from predatory extraction to a more sustainable and structured production chain.
The industry association Peixe BR expressed optimism, highlighting the new minister’s technical background as key to aligning policies with producers’ needs. However, significant challenges remain, particularly in regulation.
Among urgent priorities, Peixe BR points to the need for a legal opinion on Conabio’s authority to define invasive exotic species without regulatory impact analysis. It also stresses coordination with the Ministry of Agriculture and Livestock (Mapa) to complete the Import Risk Analysis (ARI) for tilapia from Vietnam, and proposes a three-year extension of mandatory aquaculture licensing.
The association says it will work closely with the ministry to promote growth while ensuring sustainability.
Norwegian regulators have rejected nine applications for new aquaculture facilities or expanded production in the Hardangerfjord, citing environmental pressure in the fjord system.
The decisions were made by the County Governor of Vestland, who said the fjord has reached its environmental carrying capacity and cannot accommodate additional nutrient discharges from fish farming, according to NRK.
The rejected applications include proposals from Eide Fjordbruk, Mowi, Alsaker Fjordbruk and Lingalaks. Several of the projects involved semi-closed or closed farming technologies designed to reduce environmental impacts.
Source: SalmonBusiness | Read the full article here
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