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Fishing
Crew safe after Canadian groundfish vessel sinks

By Jan 30, 2025 02:40pm

Three crew members are safe after their fishing boat sank off the coast of the Canadian province of Nova Scotia last weekend

Analysis
US wholesale: Positive market sentiments as Alaska pollock enters A season

By

Against this backdrop, global whitefish supplies are expected to decline in 2025, a trend that places Alaska pollock in an even more favorable position

Companies
US tinned seafood company rebrands in direct-to-consumer shift

US tinned seafood company BELA, based in Cambridge, Massachusetts, is rebranding after 28 years to focus on direct-to-consumer sales

Fighting transnational IUU
US senators push for country-of-origin testing for red snapper, tuna

By

'Our bill will help fight against pirate fishermen who try to pass off cheap foreign tuna for high-quality ahi from local Hawaii fishermen' -- US senator Brian Schatz

Prices
US wholesale seafood price platform open to non-subscribers for extra week

Undercurrent News' new US wholesale pricing platform is now totally open for all users, even those without subscriptions or even free accounts, until Feb. 10

IUU
US Coast Guard detains three from Mexico for alleged illegal fishing near Texas

Three Mexican fishermen were caught with 200 pounds of illegally-harvested red snapper in federal waters off southern Texas

Seafood entrepreneurs
French insect protein startup on verge of insolvency

By

French startup Ynsect, known for producing insect-based proteins and fertilizers, is facing significant financial challenges

Fresh Atlantic salmon at a market in Norway. Credit: Sergei25/Shutterstock.com
Europe
Norway’s fresh salmon prices dip after strong start to 2025, export levels remain steady

By

After a strong start to the year, fresh salmon prices in Norway have experienced a notable dip as of week four

Companies
Spanish bluefin rancher Ricardo Fuentes aims to exploit strong Atlantic stocks

By

Grupo Ricardo Fuentes, a Spanish firm specializing in bluefin tuna fishing, has added a new freezing vessel, Madre Antonia, to its fleet

Japan
Maruha Nichiro to raise surimi product prices by up to 14% 

The Japanese seafood giant will raise prices on 60 home-use surimi products, including fish sausages and chikuwa, by 4-14% starting with shipments on April 1

Turbot
Good December caps strong year for Stolt Sea Farm

'Expansion at Stolt Sea Farm's sole hatchery in Cervo, Portugal, is ongoing and volumes from our new farms have surpassed our expectations' -- Stolt-Nielsen CEO Udo Lange

Trade
Salmon Scotland applauds UK gov’t decision to build third runway at London Heathrow

The Scottish salmon industry exported 115,000t from Heathrow airport in the five years up to 2023, making it the airport's single biggest export by volume

Russia
Russia’s largest salmon farmer ups sales 11% despite drop in volumes

By

Inarctica reported full-year sales of $321m, despite sales volumes declining year-on-year to 27,500t

Bluefin tuna
Week 3 Japan tuna roundup: Fresh bluefin, Taiwan-caught frozen bigeye prices up

By

Wholesale prices for fresh bluefin tuna at Tokyo's Toyosu Market surged 32% w-o-w, while ex-vessel auction prices for frozen bigeye caught by Taiwan's fleet edged up

Europe
Walton-backed platform invests in Norwegian seafood fund Bluefront

Norwegian seafood investment firm Bluefront Equity has secured backing from Builders Vision, the US-based impact platform founded by Lukas Walton, grandson of Walmart founder Sam Walton

Companies
Daily recap: Captain Fresh eyes spot in seafood’s top 10; Norway’s Kvaroy restructures after 2024 losses

Undercurrent News presents a recap of the top daily seafood stories from Wednesday, Jan. 29

M&A
Mowi seals $655m deal to take control of fellow salmon farmer

By

Mowi has entered into an agreement to acquire Vigner Olaisen's controlling 46% stake in Nova Sea, taking its overall stake in the firm to 95%

Foodservice
Japanese rail firm expands into land-based trout farming

By Jan 29, 2025 10:53pm

JR Shikoku is set to launch a land-based trout aquaculture facility in Saijo City, Ehime, aiming for an annual production of up to 13t by fiscal year 2026

Prices
US wholesale: Week 5 seafood price assessments live

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

Processing
Shrimp, anchovy shortages contribute to steep decline in Peru’s fishery landings

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Peru's fishing industry faced a severe setback in October 2024, as landings plummeted by 77.1%, reaching just 73,200 metric tons, compared to the same period in 2023

Sustainability
Alaska projects ‘excellent’ 5m sockeye salmon harvest on Upper Cook Inlet

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'We're looking at some larger fish coming in, larger than average' -- Kyle Gatt, Alaska Department of Fish and Game

North America
Santa Monica CEO has three acquisitions in works, looks to correct 2024 profit drop

By

Santa Monica Seafood is in active talks to acquire two companies and has a third in the works, too

Crab
US seafood processor to construct major West Coast plant

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'This project builds on our mission to onshore hundreds of processing jobs by leveraging automation to compete with international processors' -- Cody Mills, Fathom Seafood

Credit: Trong Nguyen/Shutterstock.com
North America
No new risks in Costco smoked salmon recall, says New York-based supplier Acme

Acme Smoked Fish calls the FDA's timing of recall confirmation "unfortunate" and reassures customers it's not a new or expanded recall

Products
Century canned tuna recalled in Canada due to undeclared allergen

A recall for select tuna produced by Century Pacific Food in the Philippines has been issued by the Canadian government as the product failed to identify wheat in its labeling

Analysis
Trump’s tariffs could’ve cost US importers of Colombia tilapia more than $69m annually

By

Tilapia accounted for 91% of the total $151.8m worth of seafood Colombia sent to the US in 2023. Colombia counts on the US to buy nearly all of its exported tilapia

Supply
Winners and losers as Canada shuffles baby eel quota

In a letter to industry participants on Jan. 27,  Canada's Department of Fisheries and Oceans confirmed that half of the commercial quota in Atlantic Canada this year will be given to Indigenous communities

Legal
Peru former congressman accused of selling out tuna fishing rules

Peru's former congressman Darwin Espinoza is facing serious corruption charges after being accused of receiving a PEN 1 million bribe to influence the country's tuna fishing regulations

Products
US conglomerate looks to sell wild shrimp supply division

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The owner of a large US farmed shrimp importer and value-added seafood supplier is looking to sell its gulf shrimp-focused operation, acquired in 2006

North America
Catch the Current Episode 1.5: How Ode is growing a niche product with farmed Norwegian cod

Catch the Current hosts Amanda Buckle and Lorin Castiglione caught up with Ode sales managers Cathrin Rabben and Tone Hellesvik at the Global Seafood Market Conference last week to learn more about the Norwegian cod producer's recent growth

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