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Policy
CNN: Internal documents reveal Trump plans to defund, move functions of NOAA Fisheries

Apr 11, 2025 06:29pm

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

Prices
Hodges sees Russian crab nearing return to US market

By

'If sanctions on Russian seafood were lifted, limited volumes of crab could begin arriving within six to nine months'-- US seafood analyst Les Hodges

Foodservice
Red Lobster fans use banner plane to get CEO’s attention

A banner plane flew by Red Lobster's headquarters in Orlando, Florida

Prices
Norway salmon spot prices see ‘huge’ jump, Chilean, Scots firm up too

By

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

Prices
US wholesale: Shrimp prices surge on tariff uncertainty risk

By

Importers are allocating across volumes, and customers trying to protect their tariff-free inventory

North America
Innovasea strengthens RAS design team in Chile

By

Innovsea has hired Miguel Martin to work on recirculating aquaculture system (RAS) projects in Chile

World
Salmon RAS investor pullback is real, but smart money is still circling

By

'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

Chinese pollock processing factory
Companies
Trump tariffs put China processing orders to US on hold; even Alaska-origin trade uncertain

By and

US orders are grinding to a halt amid mounting uncertainty caused by the trade war with China, even impacting products using Alaskan raw material

Pollock filets on the processing line in Dutch Harbor, Alaska
North America
US seafood industry lines up to support Alaska tax credit expansion

By

'The (Alaska) seafood industry is currently operating in a very challenging time due to poor market conditions' -- Sinclair Wilt, Westward Seafood

North America
‘You’re (re)fired!’ NOAA scientists sacked after appeals court nixes US judge’s reprieve

By

'The NOAA probationary employees who were fired and then reinstated and put on admin leave have just been re-fired' -- unnamed US government scientist

Policy
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

Prices
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

Prices
Norway mackerel export price dip halts, herring see lift

By

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

Prices
Catch the Current episode 12: The seafood dummy’s guide to Trump’s tariff chaos

By

Suffering from tariff trauma? 'Be cool' and listen to our support group

Sustainability
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

Sustainability
Norwegian government proposes big changes in aquaculture permitting

By and

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

People
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

Sustainability
Brand strength brings Spain’s Nauterra higher 2024 revenue, earnings

By

The company attributed the growth to solid performance across its fishing operations, manufacturing facilities, and commercial arms

Traceability
US tariffs put aquaculture investors globally on edge

By

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

Analysis
Trade insights: Indian shrimp exports jump 11% in 2024, prices rebound in January

By

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

Companies
‘Muted’ Q1 update from Mowi as lower prices leave earnings below expectations

By

Mowi's first quarter EBIT was 10% short of analysts' consensus, while its 108,000t harvest came in line with guidance

Japan
Japan’s Kyokuyo opens new plant to repurpose skipjack tuna byproducts

By

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

Whitefish
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

Land-based
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

M&A
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

Prices
Chilean fishmeal, fish oil market sees revenue decline in 2024 as Peruvian output rises

By

Blumar attributed the downturn primarily to lower fishmeal production in the central-southern zone of Chile

Sustainability
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

Companies
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

Prices
Newfoundland panel picks snow crab harvesters’ price

By Apr 10, 2025 09:31pm

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

Fishmeal
Peruvian fishmeal producer signs deal to acquire rival

By

This acquisition marks a significant move for Exalmar as it continues to grow its position within the Peruvian fishing and seafood processing industry

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