Latest news
US gov’t identifies sites for offshore wind in Gulf of Maine
The areas selected by the Department of the Interior's Bureau of Ocean Energy Management encompass about a million acres
Norway, Scottish salmon spot prices set stable, Chilean up a little
Norwegian spot prices remain steady at high levels as the run of weeks with fewer harvesting days continues; Scottish prices are steady, and Chilean see a slight lift for week 20
Canadian company cracks code to improve shelf life for sea urchin roe
UniFresco founder Fraser Rieche says his process can maintain sea urchin roe for 20 days or more, making it possible to ship longer distances and open up new markets
Prices still sluggish in Alaska’s black cod fishery
Wholesale and ex-vessel prices remain relatively flat, and low, two months into the commercial fishing season
Lobster Boys open to re-employ infamous Illinois embezzler if granted home confinement
'We are in full support to employ him while he serves the remainder of his incarceration on home confinement under the strictest terms given' -- Justin Maderia, Lobster Boys, in letter to judge regarding convicted felon Sultan Issa
Sand eel still hard to find in week 18, as Norway mackerel hits record export price in April
Landings of blue whiting to Norwegian ports remained healthy in week 18, while sand eel remains hard to locate; on the export front, herring volumes and values were down
Alibaba’s Hema inks salmon supply deal with Mowi, Cermaq
Under the deal, Hema will source more than 700,000 salmon annually from the Norwegian seafood companies to meet growing Chinese consumer demand
Nomad says sales recovery strategy ‘working’ as revenue picks up in Q1
The frozen food giant saw more modest sales volume reductions in Q1, and reiterated its annual target for revenue growth of 3-4% and EBITDA growth of 4-6%
‘Huge reputational damage’ to UK shellfish caused by sewage discharges
Shellfish industry members told Undercurrent consumers are increasingly unwilling to eat mussels, oysters and other bivalve shellfish
Norway mackerel prices finally ease, no buyers as herring prices leap
Norwegian mackerel export prices have dipped significantly for the first time in nine weeks, while herring volumes were almost non-existent with prices up 8.5% w-o-w
Rising exports of crab can’t offset decline in Russian Far East’s sales to China
Though crab sales are up 15% year-on-year, overall sales from the Russian Far East to China are down 5%
Nueva Pescanova exec optimistic on seafood consumption as Q1 sales rise
Seafood consumption in European markets such as Spain, France, and Italy is lifting again after some challenging years, according to one top Nueva Pescanova exec
Scottish Sea Farms receives planning approval to merge four sites in Shetland
Scottish Sea Farms has received planning approval from the Shetland Islands Council to consolidate four farms into a unified site.
Former director of Russia’s largest crab harvester passes away
A leading player in the growth of Russian Crab Group has died aged 76, the company announced
Sykes, Klaas Puul parent passes $400m turnover in ‘challenging’ year
The acquisitive parent company of Sykes and Klaas Puul saw turnover rocket in its latest financial year, but its pre-tax profit took a hit from one-offs
Kyokuyo targets $2.6bn in revenue on near-tripled overseas business
It has already invested in Vietnam, Canada, the US state of Washington, and Turkey with a view to establishing a sales foothold in Europe and the Middle East
Vannamei farm-gate prices in Indonesia see across-the-board hike
Prices for Indonesian vannamei rose across all sizes between April 29 and May 5
Daily recap: UK’s largest retailer to cut Russian frozen fish; OCI crab talks fail
Undercurrent News presents a recap of the top daily seafood stories from Thursday, May 9
Norway enjoys brief moment in sun as top snow crab source for US
'US retailers promoted Canadian snow crab heavily this past year and processors will need this support again to move the snow crab in a timely manner' -- Les Hodges
US West Coast coho salmon stock restored to healthy levels, NOAA reports
The US agency's latest list of overfished species has hit a historic low
US fresh tilapia imports see notable overall decline, Brazil on the rise
The latest data on the US import of fresh tilapia fillets show they dropped by 20% to 1,784t in March
Southeast Alaska sea cucumber season closes with strong ex-vessel numbers
Preliminary ex-vessel prices for the most recent season are back up at 2021/22 levels after a dip last year
Nova Scotia’s Premium Seafoods pauses shellfish investments after nearly five-year permit wait
A company executive has also resigned from an industry trade association in response to the delays
Canadian court quashes DFO decision to approve Nunavut fishing licenses for Clearwater
A federal court judge says the decision by then-fisheries minister Bernadette Jordan to reissue fishing licenses to a coalition of seven Mi'kmaq First Nations as part of the sale of Clearwater Foods was unreasonable
New research points to gray whale increase on US West Coast
The findings come after years of population declines linked to strandings, entanglements in fishing nets, malnutrition and collisions with vessels
Canadian lobster processor banned from hiring foreign workers, fined CAD 365k
Immigration Canada found that LeBreton Fisheries' working conditions and pay for temporary foreign workers did not match the workers' contracts,
Talks break down between OCI, snow crab plant workers, increasing strike chances
Talks have also broken down at a Newfoundland snow crab plant operated by Bethoic Seafoods
Nasdaq: Norway salmon spot prices back up as fresh, whole exports slip again
Spot prices for farmed Norwegian salmon rebounded in week 18 of 2024, according to the NASDAQ Salmon Index
Tesco to cut Russian fish from frozen supply chain as cod price pressure increases
The UK's largest retailer is eliminating Russian fish from its own-label frozen supply chain, a move that comes amid significant price pressure for key species such as Atlantic cod
Pew urges IOTC to reignite stalled tuna harvest control rule talks
Pew Charitable Trusts emphasized the need for the IOTC to enhance sustainability of skipjack tuna and swordfish and to redouble efforts to develop a harvest strategy for yellowfin tuna