Chris Chase

Norwegian cod farming company Norcod reported strong biological performance and stable operations as it moves to continuous harvesting, posting an improved EBIT margin in Q2 2026. Norcod reported NOK 57 million (USD 6.1 million, EUR 5.2 million) in revenues from 791 metric tons (MT) of harvest volume, which achieved 96.45 percent superior quality, resulting in a 21 percent increase in year-over-year operating revenue per kilogram. The revenue… Read More

Environmental NGO Oceana has lost an appeal of its lawsuit against the National Marine Fisheries Service (NMFS) after the U.S. Court of Appeals for the Ninth Circuit vacated and remanded an earlier decision, instructing the court to dismiss for lack of jurisdiction. Oceana first sued NMFS in Alaska District Court in 2024, alleging the agency failed to adequately protect the North Pacific seabed from trawl fishing. The lawsuit claimed NMFS… Read More

The North-East Atlantic Fisheries Commission (NEAFC) has issued a report on its efforts to counter “unsustainable” mackerel fishing by the Russian federation. NEAFC adopted measures to curb mackerel fishing by Russia in late June in response to the country setting its own total allowable catch (TAC). Russia has been moving to set fishing allocations outside its exclusive economic zone, and in 2026 it unilaterally raised its own quota for… Read More

Data from Statistics Norway, aggregated by the SeafoodSource Pricing Portal, put the average global export price for all categories of Norwegian salmon at the end of Week 34 (23 August) at NOK 81.41 (USD 8.68, EUR 7.48), up slightly from Week 33 (16 August) at NOK 80.60 (USD 8.59, EUR 7.40). China once again paid the highest export prices per kilogram for all categories of Norwegian salmon in Week 34, an average of NOK 88.38 (USD 9.42, EUR 8.12)… Read More

A record number of fisheries re-certified to the Marine Stewardship Council (MSC) standard in the past year, according to the organization’s latest annual report. The MSC is closing in on 30 years in existence, having formed in 1997 as a nonprofit organization before launching the MSC Fisheries Standard in 1998. Since that time, the organization has continued growing; according to its annual report, it recently reached 789 fisheries engaged… Read More

The government of Canada has removed fish and seafood products from its retaliatory tariffs, garnering praise from industry.  Canada announced a set of sweeping retaliatory tariffs on the U.S. following the collapse of trade talks, which resulted in the U.S. hitting Canada with tariffs as high as 50 percent when a deadline set in July came due. Canadian officials called the new tariffs necessary as a measure of protecting Canadian workers and… Read More

Nordic Aqua Partners said it has hit a new milestone at its Ningbo, China-based salmon recirculating aquaculture system (RAS) with full run-rate for Stage 2 of the project. Nordic Aqua, in its Q2 2026 results, said it achieved biomass production of 2,294 metric tons (MT) in the quarter, driven by the ramp up of Stage 2 and “excellent fish health and welfare.” Biomass at the end of Q2 was 5,644 MT of live weight, with an average standing… Read More

Both the SeafoodSource Pricing Portal and the Sitagri Salmon Index reported relatively flat pricing for Atlantic salmon from Norway in Week 34, as export volumes hit a multi-year high for the week. The SeafoodSource Pricing Portal indicates the global Week 34 average price for whole, fresh fish was NOK 73.57 (USD 7.86, EUR 6.75) per kilogram, a 0.2 percent change from the NOK 73.74 (USD 7.88, EUR 6.76) reported the prior week. Sitagri, which… Read More

A U.S. federal court judge has granted preliminary approval on a settlement for a price-fixing lawsuit leveled against buyers of Dungeness crab in California, Washington, and Oregon. Northern District of California Judge Alex G. Tse approved three settlements in the lawsuit, which was brought by Brand Little and Robin Burns. Tse approved a collective payment of USD 2.25 million (EUR 1.93 million) from three of the smaller crab buyers, who… Read More

Australia-based Seafarms Group has terminated CEO Peter Fraser “for cause” with immediate effect, the company announced on the Australian Stock Exchange. Seafarms Group said Rob Dyer, who was the managing director of the company “on a casual basis,” will now expand responsibilities to take on the role of CEO. “Mr. Dyer’s previous experience as CEO and executive director, and subsequently a non-executive director from the time of… Read More