Saving Seafood

Peter Pan Seafood will require COVID vaccine for employees

September 2, 2021 — Peter Pan Seafood announced Wednesday, 1 September, it will require all shoreside employees to be fully vaccinated against COVID-19 as case numbers are on the rise in the U.S. states of Alaska and Washington.

The company’s new policy will go into effect by tiers. The first tier will pick up the remaining 5 percent of unvaccinated workers at processing plants and support facilities around Bristol Bay, Alaska, and at its Valdez processing plant, as well as at warehouses in Washington. All employees in tier one must be fully vaccinated by 1 October. Employees at the Peter Pan facility in King Cove, Alaska, face mandatory vaccination under Peter Pan’s tier two timeline. The vaccine policy does not extend to the fleet, but Peter Pan said it encourages its fishermen to get the vaccine and it said it will help them get vaccine appointments in Seattle or Alaska.

Read the full story at SeafoodSource

 

Peter Pan raises Bristol Bay base price; meager king salmon return shuts Alaska fisheries

July 23, 2021 — Late last week, Peter Pan Seafood raised its base price for sockeye salmon in Bristol Bay from $1.10 to $1.25 “after gauging the strength of the run and the market,” said the company in a press release.

“We felt it was only responsible to push the base price up to $1.25, once again demonstrating our commitment and our partnership with the harvesters,” said Jon Hickman, Peter Pan’s vice president of Operations.

Peter Pan is also now offering a late season incentive of $0.10 for harvesters to stay in the water and keep fishing. This is only for fish harvested after July 18.

Peter Pan was the first out of the gate this season to announce its initial base price of $1.10 early in the season “to put fishermen at ease that they would receive a fair price and to help them plan their finances for the year,” the company reported.

Read the full story at National Fisherman

Peter Pan posts USD 1.10 per pound for Bristol Bay sockeye

June 21, 2021 — Peter Pan Seafood shook up the world’s largest wild salmon run on 19 June with the announcement it will pay a base price of USD 1.10 (EUR 0.84) per pound for sockeye salmon in Bristol Bay, Alaska.

The price upholds reports of a strong market for wild sockeye and is a welcome development for Bristol Bay fishermen, who were disappointed by last season’s base price of USD 0.75 (EUR 0.63).

Read the full story at Seafood Source

Early-season prices for Copper River salmon sky-high

May 24, 2021 — Prices for sockeye and king salmon out of the Copper River, Alaska, were sky high after the first couple openers of the season last week. Jon Hickman, Peter Pan Seafood’s vice president of operations, said in a news release that his company paid USD 12.60 (EUR 10.30) for sockeye and USD 19.60 (EUR 16.05) for king salmon.

Hickman said Peter Pan’s markets could handle the high ex-vessel prices, a welcome development for Copper River fishermen after an abysmal season last year.

Read the full story at Seafood Source

Under new ownership, Peter Pan says it will focus on value added products

January 15, 2021 — Peter Pan, the seafood processing company with an array of plants in Southwest Alaska, had been struggling to keep up with competitors.

So, when its owner, Japanese seafood giant Maruha Nichiro, initially announced its sale of Peter Pan to three buyers, it said it expected a loss of almost $28 million.

The deal means the company is now vertically integrated, so all stages of production and marketing — usually operated separately — are now under one owner. It also places Peter Pan under American ownership.

One of the three buyers is Northwest Fish. Its owner, Rodger May, is the president of “New Peter Pan.” The Na’-nuk Investment Fund, managed by McKinley Capital, a private equity group, is another. The RRG Global Partners Fund is the third buyer.

McKinley Chairman Rob Gillam said the buyers see the deal as an investment in sustainably harvested Alaska seafood. But they agree that Peter Pan needs to up its marketing game.

“The best fish in the world isn’t any good if you can’t get it to people who want to buy it. So, that was really critical,” he said.

Read the full story at KDLG