Fisheries

High Liner Foods Incorporated, a frozen seafood company headquartered in Lunenberg, Nova Scotia, announced that it has reached an agreement to acquire the U.S.

The Price Edward Island Fisheries, Aquaculture and Rural Development Minister, Neil LeClair, announced that a pilot project to ship live canner lobsters to the Chinese market is well underway.

Vancouver-based AgriMarine Holdings Inc., which focuses on floating closed containment technology for sustainable aquaculture, announced that it has entered into a Research & Development Agreem

Agriculture and Agri-Food Canada is inviting Canadian businesses to showcase their products at the Canadian Pavilion of the China Fisheries and Seafood Expo 2011, which will be held November 1-3, 2

Vancouver-based AgriMarine Holdings Inc.

Vancouver-based AgriMarine Holdings Inc.

The Honourable Gail Shea, Minister of Fisheries and Oceans, announced during her visit to Beijing that an arrangement on new market access between Canada and China has been reached, opening up a new m

Maruha-Nichiro Holdings Inc. of Japan has cancelled its previously announced capital and business alliance with Halifax-based Clearwater Seafoods Ltd. due to difficulty in securing financing. Loans to fund the deal were made unavailable after a bank in Iceland was placed under state control. Maruha-Nichiro had announced that it would form the capital and business alliance with Clearwater Seafoods through the indirect purchase of preferred shares, convertible to 33.4% of common share of Clearwater Seafoods, in early October. The total consideration was approximately C$88 million.

Maruha-Nichiro Holdings Inc. of Japan announced that it will form a capital and business alliance with Halifax-based Clearwater Seafoods Limited Partnership through the indirect purchase of preferred shares, which will be convertible to 33.4% of common share of Clearwater Seafoods. The total consideration will be approximately C$88 million. The alliance will combine both firms´ access to marine resources and allow each company to utilize each other´s global sales network. Clearwater Seafoods is focused on fishing, processing and sales of crusteaceans and shellfish.

Aiming to export value-added products rather than raw materials, two New Brunswick seafood packers, L.A. Trading and G.E.M., will ship seasoned herring roe and ready-to-eat packaged snow crab to Japan starting next year. The two companies have partnered with T.K. Foods, a Tokyo-based trading company. The new business arrangements were announced during a visit to Japan by the presidents of the two Canadian companies and Development Officer Mario Roussel of the New Brunswick provincial government.