Latest news
Washington state court approves receivership request for Peter Pan Seafood
The development comes after months of financial troubles for the Alaskan shoreside processor
Canadian challengers to Alaska salmon MSC status to get review
'The decision to accept the notice of objection signals an acknowledgement that there may be flaws in the assessment of Alaska's salmon fishery' -- Misty MacDuffee, Raincoast Conservation Foundation
CNBC: Red Lobster seeks buyer to avoid bankruptcy
At least one firm has expressed interest in buying the chain, but a deal never came to fruition
Chilean shipments of farmed trim-C coho to Japan decline 30%
The supply of frozen trim-C fillets to Japan is expected to drop 30% to 16,000t for the current season, while H&G shipments surge to over 100,000t
Jala CEO optimistic following US exclusion of Indo shrimp from preliminary CVD rates
'This development is expected to have a positive impact on US-Indonesia market dynamics moving forward' - Jala Tech CEO Liris Maduningtya
US offshore aquaculture advocates ask for nearly $40m to advance causes
Advocacy group Stronger America Through Seafood seeks support to boost domestic seafood production and sustainability
Thousands of young Chinook salmon poisoned at Oregon hatchery
A suspect has been arrested and charge in the incident
Loss of Canadian operations would be ‘big blow’ to Cermaq’s global business, warns sustainability director
The prospect of losing its BC operations to an abrupt closure, as opposed to a managed transition, threatens to force Cermaq to consider a complete withdrawal from the province -- Linda Sams
Norway salmon spot prices heading back up post-Barcelona, Chilean flat
Spot prices for farmed Norwegian salmon look to be lifting again after the Barcelona show, though the extent is unclear; Chile is stable, and the latest data supports continued high prices
US Commerce Department makes public, explains correction made to Santa Priscila, Ecuador CVD rates
The federal agency said it was influenced by letters received from the Ecuador shrimp industry
Nasdaq: Norway salmon prices dip in week 16
Spot prices for Norwegian farmed salmon finally fell in week 16 of 2024 after hitting record highs
Currency woes impact Africa’s pelagic imports
The Norwegian Seafood Council's envoy to Africa notes currency problems are impacting some key markets like Nigeria and Egypt, while Cote d'Ivoire's imports are booming
Russian industry calls for 2025 pollock TAC to be stable instead of lifted
Russian industry groups and the regulatory authority have indicated tentative desire to keep the total allowable catch of pollock in the Far East unchanged next year
Investor group calls on Japan’s Toyo Suisan to withdraw from seafood
An investor group led by Nihon Global Growth Partners Management wants Toyo Suisan Kaisha to withdraw from the seafood trading business and concentrate on its ramen operations
Mowi issues green bonds raising nearly €300m
The proceeds from the bonds -- to be settled on May 3, 2024 -- will be used for 'green projects' defined in the company's green financing framework
Icelandic capelin roe prices unchanged even after zero catch for 2024 season
Icelandic sellers and Asian buyers are each waiting for the other to crack on capelin sales after zero catches of Icelandic capelin for the 2024 season
Nutreco launches €25m feed facility in Nigeria
Nutreco has inaugurated a €25 million fish and poultry feed production facility in Ibadan, Nigeria, operated under the brands Skretting and Trouw Nutrition
Recap UCN’s SEG Barcelona 2024 coverage
Recap all of the Undercurrent News team's coverage (so far) from Barcelona, Spain, where we attended the Seafood Expo Global 2024
Daily recap: Peter Pan faces receivership; Canada snow crab prices surge
Undercurrent News presents a recap of the top daily seafood stories from Thursday, April 25
Peter Pan’s major lender files petition to push company into receivership
The troubled seafood processor's biggest financial backer has asked a Washington state court to put a California fiduciary services provider in control of the floundering company
Canadian snow crab wholesale prices rise as landings gather steam
Newfoundland packers are 'processing and they're making some sales, but they're a little bit all over the board on price' -- one US-based wholesaler
US judge says NOAA’s sardine analysis was flawed, agrees with Oceana
A federal judge, in San Jose, California, this week partially granted a March 2023 motion for summary judgment in favor of a conservationist group
Predators, including seals, eat twice as many mackerel as Canada lands, study finds
Predators, including seals, ate at least twice as many Atlantic mackerel as commercial fishery landings in the decade leading up to Canada's region-wide moratorium, based on new research
Funding boost announced for Gulf of Alaska climate change research projects
The funding will support projects aimed at studying climate change's effects on fishing in the Gulf of Alaska
Seals gobbling up coho salmon near BC hatchery’s release points, study finds
Findings show that 60% of the coho intended for population enhancement are falling prey to seals near hatchery release points in a coastal area of Metro Vancouver
Alaska’s overall commercial salmon harvest likely to shrink this year
The Alaska Department of Fish and Game points to a steep drop in pinks and fewer Bristol Bay sockeye as bringing down this year's anticipated commercial harvest
Cermaq Canada to test algae-derived feed at British Columbia salmon farms
The salmon feed developed by Cargill incorporates Veramaris algal oil
CORRECTION: China’s FTA with Ecuador takes effect amid growth of local shrimp industry
China will eliminate tariffs on some imported frozen shrimp from Ecuador starting May 1, 2024, China's Ministry of Finance announced Thursday
Russia eyes increased seafood exports to new markets
Brazil, Turkey, Iran, Algeria and Nigeria are viewed as priority fish export markets for products with high levels of added value, according to Rosrybolovstvo's head
Port Lite finishes new surimi factory, salmon plant set for Q4 opening
The second surimi factory takes production capacity to around 12,000t, so more than double, said Belmans