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California sues Clearwater, PAFCO, others over lack of cadmium, lead warnings

January 6, 2021 — The U.S. state of California has sued five seafood companies, including Clearwater Seafoods and Pacific American Fish Company (PAFCO), accusing them of failing to properly label their products as containing lead and cadmium.

California Attorney General Xavier Becerra filed a lawsuit on 29 December alleging violations of the state’s Proposition 65 and Unfair Competition Law. The suit claims Halifax, Nova Scotia, Canada-based Clearwater Seafoods; Vernon, California-based PAFCO; Hanover, Maryland-based Rhee Bros. Inc.; City of Industry, California-based Seaquest Seafood Corporation; and Paramount, California-based Jayone Foods Inc. “knowingly and intentionally sold products that exposed California consumers to lead or cadmium without providing a clear and reasonable warning that the products contained these toxic chemicals.”

Read the full story at Seafood Source

How ocean mapping changed the way a seafood giant fishes

June 5, 2019 — North America’s largest shellfish company showcased some of its advanced ocean-mapping technology Tuesday at an Oceans Week conference in Dartmouth, N.S., illustrating how it is making the industry more efficient and sustainable.

Geographic information systems, or GIS, has transformed the way Clearwater Seafoods fishes, said Jim Mosher, the company’s director of harvest science.

Ocean mapping reduced the fuel bill in its offshore lobster fishery by shaving nearly 10,000 kilometres a year in vessel transiting, or movement in the fishing ground, he said.

In the scallop fishery, this technology reveals areas that should be closed because scallops are too young to harvest.

Read the full story at CBC

Clearwater changes lobster fishing practices, asks for early MSC audit

February 25, 2019 –Halifax, Nova Scotia, Canada-based Clearwater Seafoods has changed its controversial lobster fishing practices, which resulted in a fine from the Canadian government and a downgrade in the Ocean Wise recommendation for its lobster fishery.

Clearwater, via CS ManPar, was convicted of repeatedly storing 3,800 lobster traps on the ocean floor more than the limit of 72 hours. The offenses took place in Lobster Fishing Area 41, which is a unique territory exclusively licensed to Clearwater. Area 41 runs 80 kilometers from the shore out to the 200-mile limit from Georges Bank to the Laurentian Channel.  Clearwater paid a CAD 30,000 (USD 22,770, EUR 20,075) fine in relation to its guilty plea.

On 15 February, the CBC reported the fishery was downgraded in the recommendations made by Ocean Wise for sustainable fisheries.

Read the full story at Seafood Source

The Man Who Got Americans to Eat Trash Fish Is Now a Billionaire

July 19, 2017 — Chuck Bundrant was a college freshman with $80 in his pocket when he drove halfway across the country to Seattle to earn a few bucks fishing. The year was 1961.

He hasn’t stopped fishing since.

And today, Bundrant, the founder and majority owner of Trident Seafoods, is worth at least $1.1 billion, according to the Bloomberg Billionaires Index. His wealth is due to a fair measure of pluck. Back in the early 1980s, he persuaded Americans to eat pollock, then considered a trash fish, at fast-food restaurants and, to this day, Trident ships it — along with salmon and cod — to chains including Costco and Safeway.

Along the way, Bundrant cultivated politicians who would pass legislation that aided Trident’s business by keeping foreign fisheries at bay. These days, Trident also is benefiting from health-conscious consumers gravitating to seafood.

The Bloomberg index calculates that Bundrant owns 51 percent of privately-held Trident, which had $2.4 billion in revenue last year, based on information compiled from trade groups. It’s valued by the Bloomberg index at about $2.1 billion, using comparisons to five publicly traded peer companies, including Clearwater Seafoods Inc. and Oceana Group Ltd. Trident operates about 16 processing plants and 41 fishing vessels — and remains defiantly independent.

“We don’t answer to investment bankers like some other seafood companies,’’ the company writes on its website. “We only answer to our customers, our fishermen, and our employees.”

Read the full story at Bloomberg

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