Chris Chase

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

Norwegian land-based aquaculture company Salmon Evolution posted lower operating revenue and operational EBITDA in Q4 2025 and in FY 2025 as company leadership said the company is on the verge of a major scale-up in operations. Salmon Evolution posted operating revenue of NOK 98.7 million (USD 10.32 million, EUR 8.76 million) in Q4 2025, down from NOK 148.7 million (USD 15.54 million, EUR 13.2 million) in Q4 2024. For FY 2025, its revenue… Read More

Two people were charged with multiple violations of Canada’s Fisheries Act and fined a combined total of CAD 10,500 (USD 7,650, EUR 6,500). Chao Jan Yu and Li Hua Chen were both convicted of multiple offenses under the Fisheries Act, according to a release by Canada’s Department of Fisheries and Oceans (DFO). Yu was fined a total of CAD 6,500 (USD 4,740, EUR 4,000) for obstructing a fishery officer, retaining more than the daily limit of… Read More

The U.S. Supreme Court struck down President Donald Trump’s International Emergency Economic Powers Act (IEEPA) tariffs, setting up thousands of companies for a refund, but trade lawyers predict it will likely be months before importers see the money. U.S. Customs and Border Protection (CBP) sent out a communication indicating as of 12 a.m. Eastern Standard Time on 24 February it stopped collecting duties related to seven different executive… Read More

A human trafficking lawsuit originally brought against California-based Rubicon Resources in 2016 and dismissed in 2018 has resurfaced after an appeals court remanded it for another look.  The lawsuit alleged Rubicon Resources – which is now owned by High Liner Foods – as well as affiliates Wales & Co. Universe and Thai companies Phatthana Seafood and S.S. Frozen Food, took part in a joint venture that profited off trafficked labor in… Read More

The European Commission reported Denmark’s largest fishing port, the Port of Skagen, is moving away from diesel-powered generators and converting to full electric power in a bid to reduce emissions. Skagen represents more than half of all fisheries landings in Denmark, which in 2024 landed 13 percent of the E.U.’s fish by value. The port’s shore power, used for unloading large pelagic vessels, has historically used diesel generators.… Read More

U.S. President Donald Trump said he plans to impose a new 15 percent tariff on all trade following a U.S. Supreme Court decision that invalidated his previous tariffs. In a press conference following the Supreme Court decision on 20 February – and in a post on his social media site Truth Social that mirrored what he said at the conference – Trump said he plans to use Section 122 of the Trade Act of 1974 to impose a 10 percent tariff “over… Read More

The U.S. Supreme Court has found U.S. President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to justify his tariff program was illegal, invalidating a huge swath of tariffs. But, how businesses will get a refund for those tariffs is still unclear. In a 6-3 ruling, the court found the IEEPA does not authorize the president to impose tariffs, largely agreeing with earlier rulings by the U.S. Court of… Read More

Barramundi aquaculture company Barramundi Group posted higher net losses in H1 2025 but recently signaled it has fulfilled its restructuring scheme obligations as approved by a Singapore court in 2025. Barramundi Group posted a slight decrease in revenue in H1 2025, dropping to USD 7.14 million (EUR 6.06 million) from USD 7.27 million (EUR 6.17 million) in the same period of 2024. Its net loss for the financial period climbed to USD 3.88… Read More

Great Northern Salmon has been awarded a USD 2 million (EUR 1.7 million) grant from the Maine Technology Asset Fund to aid its construction of a land-based salmon farm in Millinocket, Maine, U.S.A..  Great Northern Salmon (GNS), formerly known as Katahdin Salmon, is planning to develop a land-based salmon recirculating aquaculture system (RAS) facility in Millinocket at the site of the former Great Northern Paper Co. paper mill. Created by… Read More