Chris Chase

Seafarms Group Limited announced that trading in its securities has been suspended as it finalizes an audit of its fiscal half-year report for the period ending 31 December 2025.  In a statement posted to the Australian Securities Exchange (ASX), Seafarms Group said it is finalizing the audit and that the suspension of trading will continue until that audit is complete. “The company continues to work closely with its external auditors to… Read More

Norway’s total seafood export value fell for the second month in a row in February 2026 as a stronger Norwegian krone and a big drop in exports to the U.S. took their toll.  According to data collected by the Norwegian Seafood Council (NSC), Norway exported seafood worth NOK 13.8 billion (USD 1.43 billion EUR 1.23 billion) in February, marking a drop of NOK 262 million (USD 27.2 million EUR 23.4 million), or 2 percent, compared to February… Read More

Norway-based Atlantic cod-farming company Ode has acquired Lumarine, a producer of juvenile cod.  Ode said Holding Akvaservice – which is controlled by private investment company Kistefos and owned 82 percent of Lumarine – along with other shareholders agreed to sell to Ode. The purchase, which entails 90 percent of the shares in the company, grants Ode ownership of Lumarine’s juvenile cod production facility, located in Tjeldbergodden in… Read More

Great Northern Salmon announced multiple strategic partnerships with companies as it continues to work on its Millinocket, Maine, U.S.A-based salmon recirculating aquaculture system (RAS) facility. Great Northern Salmon (GNS), formerly known as Katahdin Salmon, had already announced a strategic partnership with Eyvi, a provider of aquaculture systems. Now, the company said it has established partnerships with other aquaculture technology… Read More

The U.S. Federal Circuit Court of Appeals has issued a mandate that moves multiple lawsuits on U.S. President Donald Trump’s tariffs forward on the path toward refunds. The U.S. Supreme Court ruled in late February that Trump’s use of the International Emergency Economic Powers Act (IEEPA) to justify his tariff program was illegal. The ruling largely agreed with earlier rulings by the U.S. Court of International Trade (CIT) and the United… Read More

U.S. and Israeli strikes on Iran have had an immediate effect on global trade patterns as both air and ocean routes in the region have closed. FreightWaves reported ocean shipping lines have “fled” the Strait of Hormuz, which is the narrow route between Iran, Oman, and the United Arab Emirates. Iran announced it planned to “close” the strait, according to media reports, which was followed by reports of attacks on ships. According to… Read More

U.K. retailer Waitrose has decided to suspend its sourcing of mackerel from the Northeast Atlantic, the latest move in an ongoing push to get coastal nations to follow fishing guidance that aligns with scientific advice.  On 26 February, the U.K. retailer said it can no longer source mackerel from the fishery as it doesn’t meet the company’s responsible sourcing requirements. The company said it has plans to promote other species as… Read More

Lunenberg, Nova Scotia, Canada-based High Liner Foods posted decreased adjusted EBITDA and higher sales in both Q4 2025 and for the full year of 2025 amid constrained margins and a challenging environment. High Liner Foods closed Q4 2025 with USD 270.2 million (EUR 229.5 million) in sales, an increase of 15 percent over the USD 235 million (EUR 199.6 million) in sales it posted in Q4 2024. For the full year, the company’s sales topped USD 1.03… Read More

A new report by Canada’s Department of Fisheries and Oceans (DFO) indicates snow crab stocks in Newfoundland and Labrador may be on the downswing, and the leading harvester union in the region is calling for changes to the management decision model. The new DFO report found the 3LNO fishing zone is healthy, and the 2HJ fishing zone is still in the cautious zone. However, it downgraded the 3PS fishing zone from healthy to cautious and the 3K… Read More

The 2012 Cape Town Agreement for the Safety of Fishing Vessels, commonly referred to as the Cape Town Agreement (CTA), has crossed the ratification threshold and will now enter into force in February 2027.  The CTA was created as a means of setting international safety standards on fishing vessels, and according to the International Maritime Organization (IMO), more than 45,000 fishing vessels of 24 meters in length and over will now fall under… Read More