Silver Bay plans to manage processing plants in Petersburg, Seward, Kodiak, Larsen Bay, Egegik, Wood River, Cordova and Naknek, as well as a warehouse in Washington.
"OBI Seafoods"
3 seafood processors announce closures, selloffs following historic price collapse for Alaska fishing industry
Trident, Peter Pan Seafood Company and most recently OBI Seafoods – just last month – have all cited turbulent market conditions for their decisions.
Fewer restaurant workers could mean lower profits for seafood processors
Restaurants have been operating with smaller wait staffs, selling fewer dishes at higher prices.
Bristol Bay fishermen protest low base price, lack of transparency from processors
Organizers of the protest are calling on processors to reconsider and improve the base price this season from fifty cents per pound — less than half of last year’s price.
With prices low, many fishermen are skipping Southeast’s Dungeness crab season
OBI Seafoods says there’s still a lot of Dungeness crab left over from last year — it’s expensive and customers just aren’t buying it.
An epic forecast for Bristol Bay salmon has industry leaders worried it will be too much to handle
Biologists are forecasting another massive run of sockeye salmon in Bristol Bay this summer, raising questions in commercial fishing circles about whether the industry will be able to keep up.