Saving Seafood

  • Home
  • News
    • Alerts
    • Conservation & Environment
    • Council Actions
    • Economic Impact
    • Enforcement
    • International & Trade
    • Law
    • Management & Regulation
    • Regulations
    • Nutrition
    • Opinion
    • Other News
    • Safety
    • Science
    • State and Local
  • News by Region
    • New England
    • Mid-Atlantic
    • South Atlantic
    • Gulf of Mexico
    • Pacific
    • North Pacific
    • Western Pacific
  • About
    • Contact Us
    • Fishing Terms Glossary

Cooke closes Omega Protein deal

December 21, 2017 — Omega Protein’s stockholders have voted to go ahead with a deal which sees the parent company of Cooke Aquaculture acquire all outstanding shares for nearly $500 million.

The deal was first announced in October. The transaction price represents a premium of 32.5% to Omega Protein’s closing share price on Oct. 5, 2017, which was $16.60, giving a market capitalization of $372.90m. The agreement has been unanimously approved by the board of directors of each of Omega Protein and Cooke, according to a statement.

The transaction was subject to the approval of Omega Protein stockholders, certain regulatory approvals and other customary closing conditions. BMO Capital Markets is providing committed financing for the transaction.

Omega Protein operates seven manufacturing facilities located in the US, Canada and Europe. The company also operates more than 30 vessels to harvest menhaden, a fish abundantly found in the Atlantic Ocean and Gulf of Mexico.

Read the full story at Undercurrent News

 

Rhode Island: Fishermen: Bay cleanup might be doing harm

December 7, 2017 — NARRAGANSETT, R.I. — Narragansett Bay is cleaner and clearer than it’s been in decades.

But after huge strides in treating wastewater and controlling storm runoff, some are asking a question that would have been unthinkable just a few years ago about what is arguably Rhode Island’s most valuable natural resource:

Is the Bay too clean?

Fishermen are raising the issue after seeing steep declines in numbers of flounder, lobster and other species that were once so abundant that they formed the bedrock of their industry.

It has gotten bad enough that lobsterman Al Eagles says that he and others now call the Bay “Chernobyl,” a reference to the site of the devastating Soviet-era nuclear disaster.

“We have to ask ourselves, ’What is taking place in the Bay that has changed it from a resilient bay to a dead bay?” Eagles, who has fished for 45 years, said Wednesday at an annual marine affairs forum held at the University of Rhode Island.

Lanny Dellinger, board member of the Rhode Island Lobstermen’s Association, put the blame on a tightening of restrictions on wastewater treatment plants after the historic Greenwich Bay fish kill in 2003 that over the past 10 years or so has cut in half the amount of nutrients that flows into the Bay.

“It seemed to be happening in sequence with the timing of nitrogen reductions,” Dellinger said, pointing out that such nutrients are key to the growth of phytoplankton, a critical food source for marine life. “I used to see unbelievable amounts of life, but I started to see that change in the mid-2000s.”

The men spoke at the 16th annual Ronald C. Baird Sea Grant Science Symposium at URI’s Graduate School of Oceanography in Narragansett, an event aimed at fostering discussion and developing research projects. Bruce Corliss, dean of the school, said he chose to focus on questions about the Bay’s health after a conversation with Eagles.

Read the full story at the Providence Journal

 

Omega Protein sets date to decide on Cooke deal

November 27, 2017 — Cooke Aquaculture will know as soon as Dec. 19, a week before Christmas, whether it’s getting what it hoped to find under the tree: a large Houston, Texas-based company that catches menhaden and reduces it to fishmeal and fish oil.

That’s the date Omega Protein has set for a shareholder vote on its proposed acquisition by the Cooke’s New Brunswick, Canada-based parent company, according to a new Securities and Exchange Commission filing.

Read the full story at Undercurrent News

 

The Press of Atlantic City: Menhaden decision sticks to science-based fisheries management

November 27, 2017 — Few people eat menhaden, or mossbunkers, so the foot-long fish is familiar mainly to those who use it for bait to catch bigger fish such as striped bass. Lots of other animals, such as ospreys and dolphins, eat them, too, and people also use them for fish-oil supplements, feed for aquaculture and bait for lobsters.

The management of such a beneficial fish is therefore crucial to many human and wildlife interests. Half a century ago, menhaden were superabundant, and as much as 712 million metric tons of menhaden was caught and mostly used for fertilizer. That led to a population crash and the fishery collapsed.

Since the 1990s and the advent of fisheries management, which included the closing of the menhaden fishery for a time, the menhaden population along the Atlantic Coast has recovered significantly. Stock assessments show the biomass of Atlantic menhaden more than doubling to about 1.2 million tons.

This month, the Atlantic States Marine Fisheries Commission updated its menhaden management plan, taking into account the increasing menhaden stock.

The commission was heavily lobbied by the fishing industry and by a coalition of environmentalists and sport-fishing interests led by a unit of the Pew Charitable Trusts.

Read the full editorial at The Press of Atlantic City

Menhaden catch limit raised along Atlantic coast, slashed in Bay

November 20, 2017 — East Coast fishery managers plan to increase the coastwide menhaden catch by 8 percent next year, while slashing the amount that can be harvested from the Chesapeake Bay.

But despite heavy pressure from environmental groups, the Atlantic States Marine Fisheries Commission balked at a proposal that would have required fishery managers to take into account the ecological role of the small, oily fish when setting future harvest levels.

By the end of their two-day meeting in mid-November, commissioners had succeeded in disappointing and pleasing environmentalists and industry officials alike — typically not at the same time — while setting up another big debate two years from now over how to account for the role menhaden play as a food source for other species.

In a statement after the meeting, Robert Ballou, of the Rhode Island Department of Environmental Management and chair of the ASMFC Menhaden Board, acknowledged that many people were left disappointed by the decisions that will guide harvests for the next two years. But he said the commission’s actions demonstrated a “commitment to manage the menhaden resource in a way that balances menhaden’s ecological role with the needs of its stakeholders.”

It was the latest round in a decades-long struggle over how to manage the catch of Atlantic menhaden, a fish almost never eaten by humans that is an important food for a host of marine species. By weight, menhaden make up the largest catch in both the Chesapeake and along the East Coast, but by nearly all accounts their abundance is increasing, especially in New England. In fact, the ASMFC’s science advisers indicated that the current coastal catch limit of 200,000 metric tons could be increased by more than 50 percent with little chance of overfishing the species.

But conservation groups have long argued that such assessments do not fully account for the importance of menhaden as a food source for marine mammals, many birds, and a host of other fish, such as striped bass.

It is part of a larger, long-running debate between conservation groups and the fishing industry over how to treat forage fish, which include menhaden, anchovies and other small species that provide a critical link in the aquatic food chain by converting plankton into nourishment for larger predators.

Historically, conservationists contend that forage species have received less attention — and protection from overfishing — than the larger predators, such as striped bass. Prior to the meeting near Baltimore, conservationists had gathered a record-setting 157,599 comments urging the ASMFC to adopt new harvest guidelines, or reference points, that would take the ecological role of the fish into account when setting catch limits. If adopted, the guidelines would almost certainly have required a reduction in the current coastwide menhaden catch.

But critics — which included ASMFC’s own scientific advisers, as well as the commercial menhaden industry — said the reference points under consideration were based on studies of other species in other places and may not be applicable to menhaden.

Ultimately, the commission — a panel of state fishery managers that regulates catches of migratory fish along the coast — voted 13–5 to delay the adoption of ecological reference points until a panel of scientists it has assembled can make its own ecological recommendations, tailored specifically to menhaden. Those recommendations are not expected to be ready until 2019.

Dozens of activists attended the meeting, many holding bright yellow signs that said, “Little Fish Big Deal,” “Keep it Forage” or “Conserve Menhaden.” Many were surprised not only to be defeated after the huge volume of comments — more than 99 percent in favor of ecological reference points — but also by the lopsided vote.

Read the full story at the Bay Journal

 

Watermen Happy for Small Win over Menhaden Regulation

November 17, 2017 — CAMBRIDGE, Md. — It’s a small fish that’s making a big splash. It’s called menhaden.

In a two day meeting, the Atlantic Marine Fisheries Committee voted to keep menhaden regulations the same for commercial fishers.

With a vote to keep the status quo of how much they’ll be fished, watermen say it’s a win.

“Any time they dont take, it’s a win. We’ll take a small win instead of a big loss any time,” said Burl Lewis from Hooper’s Island.

Lewis says he’s one of the few remaining watermen who still fish for menhaden.

Over the years, he says he’s struggled to follow federal menhaden fishing regulations. He say they’re regulations that really hurt.

“It hurts us in the long run because now our market is really cut back because some of the bigger holders ended up icith our customers,” Lewis said.

Read the full story at WBOC

 

Atlantic Menhaden Board Votes Against Ecological Management Plan For Fishery

November 17, 2017 — The Atlantic Menhaden Board voted earlier this week to stick to the status quo when managing the menhaden fishery and made slight changes to the annual catch limit. However, Saving Seafood, a group that represents the commercial fishing industry, has mixed feelings about those changes.

Menhaden are a forage fish found across the Atlantic Coast. The Board was considering implementing a new ecological-based management plan that was designed for forage fish.

The plan would have required fishermen to leave enough fish in the water for it to replenish itself and enough for predators to eat. However, the board voted no for the plan because it’s not specifically designed for menhaden.

Bob Vanasse, executive director at Saving Seafood, said the group agrees with the board’s decision.

“I think this was a strong statement that moving forward science needs to prevail, data needs to prevail and we need to look at this complex system in its complexity and not try apply a rule of thumb in every circumstance,” Vanasse said.

The menhaden board also voted to increase the annual catch quota by eight percent.

Read the full story at WNPR

 

Political pressure affected quota decision, menhaden industry group charges

November 17, 2017 — A day after the Atlantic States Marine Fisheries Commission voted to raise the catch limit on Atlantic menhaden by eight percent, a trade group claimed on Wednesday that the commission let political pressure affect not only that raise but how quotas were allocated across member states.

The commission’s Atlantic Menhaden Management Board approved an amendment to raise the total catch limit to 216,000 metric tons. However, in doing so, it gave each member state a minimum share of 0.5 percent. While those shares seem small for states that do not have an active menhaden fishery, the Menhaden Fisheries Coalition said it will have a significant impact on the two largest fisheries, Virginia and New Jersey.

Virginia received an allocation of 78.66 percent, while New Jersey got 10.87 percent. No other state received more than 1.27 percent of the allocation.

“The creation of a system allowing non-fishing states to ‘horse-trade’ allocation, the ‘taking’ of quota from some to give to others, and the arbitrary moving of quota from the marine ingredients fishery to the bait fishery constitute inappropriate intrusions into the market economy, our members say,” the coalition said in a press release issued late Wednesday afternoon.

Read the full story at SeafoodSource

 

New Chesapeake Bay menhaden rules spark praise, criticism

November 15, 2017 — CHESAPEAKE BAY, Va. — New regulations on the harvest of menhaden are proving a mixed bag for local industry and conservationists.

Menhaden is a key part of the Chesapeake Bay’s ecosystem, serving as food for larger fish, mammals and birds. But they are also the key raw material for Omega Protein. Every day Omega turns tons of menhaden into fish oil, fish meal and other products.

As we showed you in our investigation Controversial Catch two years ago, Omega is the last major company of its kind on the Atlantic Coast, and has been operating in Reedville since the mid-1800s. Omega employs about 250 people there.

This week at its meeting near Baltimore, the Atlantic States Marine Fisheries Commission has raised the total allowable catch of menhaden, from Maine to Florida, by 8 percent.

But Omega is not happy about that, because at the same time, the commission cut the amount the company can catch from the Chesapeake Bay by 40 percent.

Read the full story at WAVY

 

Menhaden vote a mixed bag for Virginia

November 15, 2017 — There was measured praise and disappointment all around this week after a regional fisheries commission voted on a 2018-2019 management plan for Atlantic menhaden, often called the most important fish in the sea.

For Virginia, too, it was a mixed bag.

The Atlantic States Marine Fisheries Commission decided at an annual meeting in Linthicum, Md., to lower the Chesapeake Bay reduction fishery cap by 41.5 percent, from 87,216 metric tons to 51,000 metric tons. This pleases Virginia conservationists, but not the reduction fishery.

The commission said in a statement that its decision “recognizes the importance of the Chesapeake Bay as nursery grounds” for menhaden and many other species that rely on menhaden as a food source.

It also bumped up the coast-wide catch limit for menhaden by 8 percent to 216,000 metric tons — a net plus for fisheries, and a “modest” increase with a “zero percent chance of subjecting the resource to overfishing or causing it to be overfished,” the commission’s Atlantic Menhaden Board Chairman Robert Ballou of Rhode Island said in a statement.

Read the full story at the Daily Press

 

  • « Previous Page
  • 1
  • …
  • 19
  • 20
  • 21
  • 22
  • 23
  • …
  • 38
  • Next Page »

Recent Headlines

  • Here’s where Trump has canceled wind farms – and how states are pushing back
  • Chinook salmon in decline, worsened by Bering Sea heatwave a decade ago: study
  • ALASKA: Kuskokwim Bay commercial salmon fishery opens after 5-year hiatus
  • NOAA Fisheries highlights challenges in applying MMPA to foreign fisheries, seeks suggestions
  • Are offshore wind turbines changing Jonah crab behavior?
  • US representatives introduce bipartisan bill to undo Trump’s ESA rollback
  • New bill would block commercial red snapper sales whenever federal waters are closed to the public
  • OREGON: Oregon’s Newest Food Trail Highlights Local Seafood and the People Who Catch It

Most Popular Topics

Alaska Aquaculture ASMFC Atlantic States Marine Fisheries Commission BOEM California China Climate change Coronavirus COVID-19 Donald Trump groundfish Gulf of Maine Gulf of Mexico Hawaii IUU fishing Lobster Maine Massachusetts Mid-Atlantic National Marine Fisheries Service National Oceanic and Atmospheric Administration NEFMC New Bedford New England New England Fishery Management Council New Jersey New York NMFS NOAA NOAA Fisheries North Atlantic right whales North Carolina North Pacific offshore energy Offshore wind Pacific right whales Salmon South Atlantic Virginia Western Pacific Whales wind energy Wind Farms

Daily Updates & Alerts

Enter your email address to receive daily updates and alerts:
  • This field is for validation purposes and should be left unchanged.
Tweets by @savingseafood

Copyright © 2026 Saving Seafood · WordPress Web Design by Jessee Productions