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North America
New Bedford mayor pledges Vineyard Wind 1 completion despite Trump’s pause

By Feb 05, 2025 05:27pm

Jon Mitchell, the mayor of New Bedford, Massachusetts, insists the Vineyard Wind 1 project will be completed, despite a White House memorandum pausing offshore wind energy project development

North America
Canadian lobster, snow crab sector champions visit EU amidst Trump trade threats

By

Uncertainty over a tariff threat has leaders in Canada's seafood industry talking about the need to reduce dependency on the US market

Prices
US wholesale: Week 6 seafood price assessments live

UCN's week six price assessments and market wrap-ups for US wholesale prices for shrimp, frozen lobster, groundfish, farmed whitefish, scallops, crab and salmon are available on our new platform

Scallop
Captain Fresh in talks for acquisitions on US east, west coasts

By

Undercurrent News has confirmed the identity of importers and distributors on either side of the US that Captain Fresh is in talks to acquire; both are complementary bolt-ons to CenSea 

Tilapia
FTI Consulting running eFishery with shareholders set to vote on sale, wind-down

By

The company laid off approximately 300 of its 1,800 employees last month, though the trade union representing the workers is challenging the move

Fish feed pellets
Sustainability
Canada not out of woods: $314m feed trade at risk from tariff threat

By

Crucial feed and raw material exports to the US remain at risk as the tariff dispute is still not settled

Peruvian aquaculture far from full potential as investors await new law
Trade
Peru’s shrimp, tilapia exports, production plummet, but scallop boom sparks hope

By

Peru's aquaculture sector faced a challenging year in 2024, with a decline in production attributed to adverse climatic conditions

Policy
US consulting company shines light on shrimp mislabeling in New Orleans ahead Super Bowl

Recent testing has again uncovered instances of foreign shrimp being falsely marketed as local

Trade
Trump’s Panama Canal tiff seen as having minimal impact on seafood

By

US secretary of state Marco Rubio visited Panama following president Donald Trump's request to have it return control of the Panama Canal

Prices
Japan’s regional scallop prices triple after market collapse from China’s ban

By

Strong market demand and a supply shortage across Hokkaido have driven scallop prices in Japan's Funka Bay to triple from the previous season following a market collapse caused by China's import ban

Vessels
More than half of harassment incidents of US fisheries observers not reported, researchers say

'This is an incredibly important study that provides positive proof that official statements don't capture the whole picture of harassment rates' -- Emily Menashes, NOAA Fisheries

Legal
Trump regulatory freeze ties hands of US fisheries managers

By

Federal fisheries employees say science-based management is a casualty of power politics in the US capital

Legal
Criminal charges pile up for Canadian lobster dealing duo

Nova Scotia father and son, Eric and Zacharie Thibault, were arrested and charged with extortion

Analysis
US wholesale: 2024 Ecuador shrimp exports to US grow, flat overall

By

Ecuador exported 1.2 million metric tons of shrimp worth roughly $6.1 billion in 2024, nearly flat on volume year-on-year but 3.5% less value, based on the final year data from Camara Nacional de Acuacultura

Trade
Unlock seafood impact of Trump trade war with UCN portal

By

Undercurrent News' new trade portal tool allows you to understand the implications of all of this on global seafood trade

Analysis
Trade insights: Ecuador’s shrimp exports stall in 2024 as China demand weakens

By

'After experiencing a 14% compound annual growth rate from 2010 to 2023, growth is projected to slow to 2% in 2024 and 3-4% in 2025,' Rabobank told Undercurrent News

China
Norway’s auction prices for fresh cod dip as importers walk tightrope, saithe values jump

By

Prices for fresh and frozen cod were largely stable on the Norges Rafisklag auction in the latest week, but there were clear increases for smaller sized fish

Prices
ASC warns Norway gov’t over new ‘illogical’ surcharge on ‘superior salmon’

By

ASC-certified salmon has been singled out in a new Price Council proposal, subject to an additional NOK 2.00/kg; however, Norway's coalition has split, so matters are up in the air

Africa
Pirates abduct 3 Senegalese crew in Gabon, after 18 kidnapped Chinese released in Somalia

A maritime piracy attack occurred on the night of Jan. 31 in Gabonese waters, highlighting ongoing security concerns in the Gulf of Guinea

Salmon
Blow for Norway’s ‘Egg’ salmon farm concept as manufacturer goes under

Herde Kompositt, the Norwegian company behind the innovative 'Eggett' closed-containment unit, has ceased operations, resulting in the loss of some 63 jobs

Prices
Week 4 Japan tuna roundup: Bluefin, high-grade bigeye prices down on slower demand

By

Wholesale prices for fresh bluefin tuna at Tokyo's Toyosu Market fell 12% w-o-w, while those for frozen bigeye tuna caught in the eastern Pacific declined by up to JPY 800/kg

People
PNG example makes case for private certifications in social accountability

The Fishing Industry Association of Papua New Guinea has disclosed non-conformities identified during a crew welfare certification process in hopes of helping other organizations

Latin America
Camanchaca shuts down abalone ops after years of losses, market decline

By

Camanchaca has announced the closure of its abalone farming division in the Atacama region of northern Chile

Salmon
Grieg Seafood appoints new CFO as longtime exec steps down

Grieg Seafood announced Atle Harald Sandtorv, who served as chief financial officer for over 15 years, will step down from his role

Credit: Gamzova Olga/Shutterstock.com
Surimi
Vietnam’s surimi product exports see strong Q4 despite annual decline

Vietnam's fish paste and surimi exports declined slightly in 2024 despite a strong fourth-quarter rebound driven by rising demand in key markets

North America
Norwegian cod farmer nears $100m revenue, plans continued growth

By

Ode is carefully but rapidly expanding its aquaculture business amid useful macroeconomics, with plans to grow its licenses by 10,000t per year

Fishing boats moored in Perkins Cove, Maine, US. Credit: Elena Elisseeva/Shutterstock.com
Companies
Daily recap: US lobster gauge rule tossed; China shrimp prices stage late holiday lift

Undercurrent News presents a recap of the top daily seafood stories from Tuesday, Feb. 4

Sustainability
Lobster gauge rule tossed from Addendum 27, but Maine commissioner warns of consequences

By Feb 04, 2025 07:18pm

'I hope history shows that I was wrong in pushing for this proactive measure. But if I was right and the industry is wrong, there could be many lobster boats for sale in the coming years' --  Patrick Kehiler, commissioner with Maine's Department of Natural Resources

Tuna
Dongwon Group taps new StarKist CEO

South Korea’s Dongwon has a new CEO of its US StarKist canned tuna subsidiary 

Trade
Record salmon imports push Brazil’s aquaculture trade deficit to nearly $1bn

By

Brazil's aquaculture trade deficit surged to nearly $1 billion in 2024, driven by a sharp increase in imports, particularly of salmon

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