Declining demand, excess supply and foreign competition have pushed down prices, squeezed profits and displaced U.S. producers from established markets, the statement said.
Seattle-based Trident Seafoods will look for buyers for four shoreside plants in Alaska, including for its nearly year-round operations in Kodiak and three seasonal plants in Ketchikan and Petersburg in Southeast Alaska and False Pass in the eastern Aleutian Islands,
Sounds like bad news for the Alaska fisheries.