Chris Chase

Prices for Norwegian salmon have continued to drop alongside an increase in total exports. On 28 June, export prices for whole fresh Atlantic salmon from Norway dropped to NOK 67.98 (USD 6.86, EUR 6.03) per kilogram, according to the SeafoodSource Pricing Portal. That price is down NOK 2.33 (USD 0.24, EUR 0.21) from the prior week's price of NOK 70.31 (USD 7.09, EUR 6.23). That has continued a trend that started at the beginning of Q2 2026, when… Read More

Russia’s Federal Fisheries Agency (Rosrybolovstvo) has announced a new set of auctions for access to fishing rights in the country. Rosrybolovstvo said it has decided to hold electronic auctions on 20 and 21 July to sell rights to harvest multiple species. The auction will consist of 17 different lots, carrying rights for tanner crab, snow crab, whelks, octopus, sea cucumber, kelp, clams, and scallops.  The auction represents the second time… Read More

The Virginia General Assembly has approved its two-year budget with an additional USD 2 million (EUR 1.7 million) earmarked for menhaden research in the Chesapeake Bay thanks to an amendment by Virginia Governor Abigail Spanberger. The original USD 205 billion (EUR 180 billion) Virginia budget didn’t include any funding for menhaden research, despite continued pushes for it at the state level from environmental groups like the Chesapeake Bay… Read More

Aquaculture biotechnology company Benchmark Genetics has helped close a gap in shellfish genomics that it said will help support the long-term sustainability of shellfish aquaculture in Europe. Researchers with the company, along with six leading European research institutions – the University of Padova (Italy), the University of Santiago de Compostela (Spain), CIIMAR (Portugal), The Roslin Institute at the University of Edinburgh (United… Read More

Norway’s Directorate of Fisheries said Mowi Seawater Norway reported an escape incident that occurred on 7 May at its Brattholmen, Norway location.  According to the Directorate of Fisheries, the company reported an escape of approximately 14,500 farmed salmon, though it also said there is uncertainty surrounding that figure. Mowi said the salmon in the cage average over four kilograms in weight.  “The Directorate of Fisheries has ordered… Read More

Cooke is purchasing the salmon-farming operations of Mowi Canada East, the two companies announced on 30 June. The two companies announced they have entered a share purchase agreement, which will see Cooke acquire Mowi’s Atlantic Canada operations for CAD 225 million (USD 158 million, EUR 138 million) on a debt-free basis. Mowi said its current operations in Mowi Canada East comprise 9,000 gross weight tons (GWT) of standing biomass. With the… Read More

Multiple media reports indicate that the administration of U.S. President Donald Trump will decline to extend the United States-Mexico-Canada (USMCA) agreement, triggering a process that could see it leave the trade deal in a decade barring a new decision.  The USMCA was set in motion in 2018 as the previous trade agreement for the three countries – the North American Free Trade Agreement (NAFTA) – was replaced under the prior Trump… Read More

Nordic Halibut has acquired seafood processing company Pure Norwegian Seafood (PNS) from Måsøval, following a resolution in a dispute between Måsøval and PNS over illegal sales of salmon.  Nordic Halibut announced the purchase on the Oslo Børs, saying the purchase follows on a 12 March 2025 option agreement made with Måsøval to acquire PNS. That earlier agreement also granted Nordic Halibut the right to use PNS’ processing facilities… Read More

Umios Corporation has purchased a 51 percent stake in Pet World International (PWI), a major supplier of pet food in Malaysia and Southeast Asia. Umios, formerly known as Maruha Nichiro, announced its purchase will go through a newly established, unnamed holding company. According to a release about the purchase, it will consist of a JPY 11.4 billion (USD 70 million, EUR 61 million) transaction involving the acquisition of 7.9 million shares of… Read More

Red Lobster’s failed Ultimate Endless Shrimp promotion in 2023 is back in the spotlight in a new lawsuit launched against Thai Union by some of Red Lobster’s creditors. Red Lobster made all-you-can-eat shrimp a permanent fixture on its menu in June 2023 and, by the end of that year, was reporting a significant financial hit as a result. The promotional event, which sold unlimited shrimp for USD 20 (EUR 17.49), was later cited in Red… Read More