Saving Seafood

Cooke Inc. branches into shrimp production with Seajoy acquisition

February 4, 2019 — Cooke Inc. announced on 1 February it has finalized its acquisition of Seajoy Seafood Corporation, one of Latin America’s largest producers of farmed shrimp, with operations in Honduras and Nicaragua.

SeafoodSource previously reported on the acquisition, which was completed in November 2018, but the formal announcement came after the companies finalized the details of the transaction.

“The acquisition of Seajoy is an important element in our focus on product diversification to meet our customers’ needs,” Cooke CEO Glenn Cooke said in a press release. “Seajoy is a world-leading shrimp producer utilizing the highest quality and food safety standards and newest available technology. This aligns perfectly with our existing aquaculture and wild seafood fishery divisions. We feel Seajoy’s entrepreneurial drive, industry knowledge and care for their communities has made them successful and a big reason why we feel this is an incredible cultural fit.”

The purchase gives Cooke Inc., the parent company of Black Harbour, New Brunswick, Canada-based Cooke Aquaculture, an avenue to expand its product repertoire to include shrimp. Seajoy is one of the largest vertically integrated, premium shrimp farms in Latin America, with a focus on producing value-added and organic Pacific white shrimp (Litopenaeus vannamei) and selling to customers in Europe, the Americas, and Asia.

Read the full story at Seafood Source

Cooke confirms deal for shrimp farmer Seajoy is close to completion

December 3, 2018 — Glenn Cooke confirmed the Canada-based, global seafood group that carries his family name is close to a deal for a shrimp farmer in Latin America, which Undercurrent News has previously reported is Honduras’ Seajoy Group.

Speaking at a roundtable in Saint Andrews, New Brunswick, he said Cooke is in the final stages of acquiring “one of the largest” Latin American shrimp farming companies, the Telegraph-Journal reported.

“We are in the process of getting everything approved, but we have basically bought one of the world’s largest shrimp operations,” he said at the event, which was attended by the heads of other divisions from around the world and Karen Ludwig, a member of the Canadian Parliament representing the New Brunswick Southwest district.

Read the full story at Undercurrent News

Tough times for tilapia persist due to oversupply, low prices

January 19, 2017 — Tilapia producers faced a tough year in 2016, with an oversupply of product and the lowest prices seen since 2011.

A panel of premium finfish experts speaking at this year’s National Fisheries Institute’s Global Seafood Market Conference in San Francisco, California, debated tilapia’s latest challenges, including a softening in demand related to a lack of species promotion. Such hurdles have prompted many fresh tilapia producers to gravitate toward frozen product offerings, and tilapia producers in Ecuador have started to veer in the direction of shrimp production, which has become more lucrative in the region recently.

“2016 has been a challenging year for anyone producing tilapia,” the panel surmised. “A little too much fish in the market.”

Despite these difficulties, the outlook for tilapia heading into 2017 and 2018 is positive, the panel said. Honduras continues to dominate tilapia production, even with a devastating El Nino drought to contend with, and is expected to maintain its reign in the sector. Meanwhile, Colombia will look to capitalize on its new free trade agreements and Brazil has growing potential to transform into a major tilapia exporter to the United States, the panel agreed. However, given the volatility of tilapia, it may still be a while yet before Brazil reaches its potential as a tilapia exporter, the panel concurred.

Read the full story at Seafood Source

One Man’s Passion: Catching Fish in the Act of Spawning and Sharing Their Secrets

July 7, 2016 — Will Heyman is a fish stalker.

The Texas marine scientist is obsessed with finding and watching groups of fish that gather in special places to spawn.

While this may seem an odd passion, witnessing breeding behavior is part of a critical mission to help save marine life. By working with fishermen, scientists, fishery managers, and others to document what he sees, Heyman hopes to persuade leaders to protect these mating meccas, thus giving a boost to fish populations and helping depleted species recover.

“Do we go to sea turtle nests and destroy all the eggs?” asks Heyman, a senior marine scientist for the consulting firm LGL Ecological Research Associates. “Humans have learned to respect and protect these vulnerable places for some species, but for some reason we still catch fish where they aggregate to spawn. It’s not an ethical way to interact with a species that we depend upon. And from a practical view, if you want to keep eating some of these delicious fish, we’ve got to act.”

Heyman’s findings have helped build the case to protect spawning grounds in places such as the southeastern United States, Belize, Mexico, and Honduras. Most recently he has documented spawning in the U.S. Gulf of Mexico.

Read the full story in the National Geographic