Chris Chase

The Norwegian Seafood Association (Sjømatbedriftene) is criticizing a proposal by Norway’s tax administration, saying it is singling out smaller, family-owned aquaculture companies. Norway’s tax commission has proposed removing the valuation discount on Norway’s wealth tax, which is currently set at 75 percent. The 75 percent discount on the wealth tax was part of negotiations over the “resource rent tax” set in 2023, which places a… Read More

China and Southeast Asia are increasingly becoming destinations for seafood exports from multiple markets.

Data collected from trade organizations including the Norwegian Seafood Council (NSC) and U.K. trade body Seafish show that the Asian market for seafood exports is increasingly growing, with exports of species like salmon increasing double-digit percentages over the past half-decade as economies rebound post-Covid.

That economic rebound,

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Menhaden processor Omega Protein and menhaden harvester Ocean Harvesters are both pushing back after an environmental NGO laid the blame for a lack of funding for research in Virginia’s two-year state budget. A proposed research initiative for menhaden would have provided USD 1 million (EUR 180 billion) per year for two years to the Virginia Institute of Marine Science in order to develop scientific research on the species, and a… Read More

The Norwegian Ministry of Trade, Industry, and Fisheries has established new colors for the 13 production areas covered by its traffic light system of managing salmon farming. Norway uses the traffic light system as a means of managing salmon production based on the risk of sea lice to wild salmon, dividing the coastline into 13 production areas that each get assigned either green, yellow, or red. The system was put in place in 2017, and… Read More

Laxey, a land-based salmon-farming company, has pulled in EUR 47 million (USD 41 million) from its latest funding round, which it said was “substantially oversubscribed.” Laxey, originally called Icelandic Land Farmed Salmon, is building a 35,000-metric-ton (MT) land-based salmon farm in Vestmannaeyjar, Iceland. Originally announced as a 10,000-MT facility, the company has announced several partnerships including some with ScaleAQ,… Read More

A U.S. district court has sided with the Center for Food Safety (CFS) and local Washington state organizations opposing aquaculture development, finding nine shellfish operations were improperly approved. CFS and the Coalition to Protect Puget Sound Habitat alleged the federal government did not properly vet nine shellfish operations in the state of Washington in a motion filed in 2025. The organizations claimed the Army Corps of Engineers… Read More

Icelandic seafood firm Samherji saw its profit and earnings increase in FY 2025 as strong whitefish pricing and sales boosted its revenue. Samherji saw revenue of EUR 542 million (USD 615 million) in FY 2025, and its EBITDA climbed to EUR 73.9 million (USD 83.9 million), an increase of EUR 12.5 million (USD 14.2 million) from FY 2024. Its EBIT also increased to EUR 50.4 million (USD 57.2 million), up from EUR 42.4 million (USD 48.2 million) in… Read More

The Northeast Atlantic Fisheries Commission (NEAFC), aside from Russia, has adopted measures to curb mackerel fishing by Russia in the wake of it setting its own total allowable catch (TAC). The E.U., the U.K., Denmark, Norway, and Iceland, all of which are members of NEAFC, all agreed to adopt measures that would limit Russia’s catch of mackerel in international waters to 1,495 metric tons (MT). They also agreed to prohibit NEAFC members… Read More

Taste of BC Aquafarms, a subsidiary of Blue Star Foods, has been evicted from its salmon recirculating aquaculture system (RAS) facility in British Columbia, Canada after a court found the company’s negligence of the facility violated its lease. Blue Star Foods finalized the acquisition of Taste of BC Aquafarms in 2021 and announced plans to raise steelhead trout at the facility. Soon after the purchase, Taste of BC sought approval for a new… Read More

The Port of Tacoma Commission has approved a ground lease for a proposed cold storage and processing space first announced by Fathom Seafood in 2025. The commission said Saxum Investment Company has been granted a lease for a 30-acre site in the port, which is located in the U.S. state of Washington. The commission said the project is expected to cost USD 250 million (EUR 218 million) and generate 400 jobs with USD 43 million (EUR 37 million)… Read More