Latest news
CNN: Internal documents reveal Trump plans to defund, move functions of NOAA Fisheries
Most of the fisheries service functions would be transferred to the US Fish and Wildlife Service, which sits under the US Department of the Interior
Hodges sees Russian crab nearing return to US market
'If sanctions on Russian seafood were lifted, limited volumes of crab could begin arriving within six to nine months'-- US seafood analyst Les Hodges
Red Lobster fans use banner plane to get CEO’s attention
A banner plane flew by Red Lobster's headquarters in Orlando, Florida
Norway salmon spot prices see ‘huge’ jump, Chilean, Scots firm up too
Spot prices for Norwegian farmed salmon are primed for a big step up for week 16, while Chilean fresh salmon fillet prices to the US also firmed in week 15, and Scottish too are on the rise
US wholesale: Shrimp prices surge on tariff uncertainty risk
Importers are allocating across volumes, and customers trying to protect their tariff-free inventory
Innovasea strengthens RAS design team in Chile
Innovsea has hired Miguel Martin to work on recirculating aquaculture system (RAS) projects in Chile
Salmon RAS investor pullback is real, but smart money is still circling
'Investor appetite has definitely cooled, but not because the thesis is broken. It's just that investors are demanding more grounded assumptions – less about vision and more about execution' -- Taylor Holshouser, former investment associate at Walton-backed investment platform Builders Vision
Trump tariffs put China processing orders to US on hold; even Alaska-origin trade uncertain
US orders are grinding to a halt amid mounting uncertainty caused by the trade war with China, even impacting products using Alaskan raw material
US seafood industry lines up to support Alaska tax credit expansion
'The (Alaska) seafood industry is currently operating in a very challenging time due to poor market conditions' -- Sinclair Wilt, Westward Seafood
‘You’re (re)fired!’ NOAA scientists sacked after appeals court nixes US judge’s reprieve
'The NOAA probationary employees who were fired and then reinstated and put on admin leave have just been re-fired' -- unnamed US government scientist
Pacific Islands Forum pushes digital shift in fisheries surveillance
The Pacific Islands Forum fisheries agency has wrapped up its monitoring, control and surveillance working group meeting in the Solomon Islands
NOAA regulatory delay expected to temporarily close US Gulf of Maine scallop fishery
The early closure, due to delays at the National Oceanic and Atmospheric Administration, would be the first in 15 years
Norway mackerel export price dip halts, herring see lift
Whole mackerel prices had eased for four weeks but have turned up slightly in week 14; herring fillet prices are coming down from a peak
Catch the Current episode 12: The seafood dummy’s guide to Trump’s tariff chaos
Suffering from tariff trauma? 'Be cool' and listen to our support group
Tuna groups call on IOTC to strengthen social, environmental responsibilities
Meanwhile, the ISSF is emphasizing the need for science-based fisheries management, and the IPNLF urges the IOTC to adopt precautionary catch limits for skipjack tuna
Norwegian government proposes big changes in aquaculture permitting
New regulations will change how aquaculture permits work and punish poor practices, but Sjomat Norge believes the reforms are a gamble when the global picture is uncertain
Sjomat Norge names lawyer as new fisheries rep
Caroline Lunde Ellingsen will represent the Norwegian industry in crucial coastal state negotiations on blue whiting, mackerel, and Norwegian spring-spawning herring
Brand strength brings Spain’s Nauterra higher 2024 revenue, earnings
The company attributed the growth to solid performance across its fishing operations, manufacturing facilities, and commercial arms
US tariffs put aquaculture investors globally on edge
If there's one thing investors hate, it's uncertainty, but there will be opportunities for businesses looking to improve efficiency and agility in supply chains
Trade insights: Indian shrimp exports jump 11% in 2024, prices rebound in January
India’s shrimp exports grew by double-digits last year to nearly 600,000 metric tons, as the country overtook Ecuador as the fastest-growing major shrimp exporter according to Indian trade figures
‘Muted’ Q1 update from Mowi as lower prices leave earnings below expectations
Mowi's first quarter EBIT was 10% short of analysts' consensus, while its 108,000t harvest came in line with guidance
Japan’s Kyokuyo opens new plant to repurpose skipjack tuna byproducts
The Japanese seafood giant has launched a $1.3m factory in Kagoshima Prefecture to produce 200t of neribushi, a dried skipjack tuna paste, for the domestic and overseas broth market
Russian industry head claims surge in aquafeed production
Russian fish feed production reached an estimated 100,000t in 2024, more than doubling from 48,300t in 2023, according to Alexei Nikolayev
Kingfish Maine clears final legal hurdle ending years-long permit battle
'This is a win for Maine and the US with regard to seafood production. The Kingfish Company's Maine facility will specifically address US reliance on imports for protein-rich food sources' -- Kingfish Company CEO Vincent Erenst
Novaton eyes troubled Swiss Shrimp in potential rescue bid
Swiss aquaculture developer Novaton is evaluating a potential acquisition of Swiss Shrimp, which entered court-approved debt restructuring proceedings this week
Chilean fishmeal, fish oil market sees revenue decline in 2024 as Peruvian output rises
Blumar attributed the downturn primarily to lower fishmeal production in the central-southern zone of Chile
Akerbla CEO moves to salmon farmer Eide Fjordbruk’s closed-containment project
'I have had an incredibly rewarding journey in Akerbla, but Watermoon represents something completely new -- the most exciting aquaculture project I have seen in my career,' Sorensen said
Daily recap: Tariffs a disadvantage to seafood in battle for consumers; Peru fishmeal firm acquires rival
Undercurrent News presents a recap of the top daily seafood stories from Thursday, April 10
Newfoundland panel picks snow crab harvesters’ price
The first snow crab from the species' largest fishery will soon land on the processing lines in factories in the Canadian province of Newfoundland and Labrador and it'll come with the price tag that harvesters picked
Peruvian fishmeal producer signs deal to acquire rival
This acquisition marks a significant move for Exalmar as it continues to grow its position within the Peruvian fishing and seafood processing industry