Chris Chase

The Russian-Norwegian Arctic Fisheries Working Group is recommending an increase to the Barents Sea cod quota in 2027. The working group said the total catch of Northeast Arctic cod in the Barents Sea should be no more than 312,667 metric tons (MT) in 2027. That total is a 16 percent increase over the advice it gave for 2026 and 10 percent higher than the amount Norway and Russia agreed to fish. “The council is raising the quota because the… Read More

Kats, Netherlands-based Kingfish Company has successfully closed a EUR 21 million (USD 24 million) private placement in what the company called a major milestone. Kingfish announced the private placement on 12 May via a private placement of over 392 million ordinary shares. The fundraise was part of a strategic financial restructuring, which the company said would result in a simplified capital structure and a reduction in its net debt.  As of… Read More

Fortune Fish & Gourmet has acquired the Houston and New Orleans operating divisions of Inland Fresh Seafood Corporation, known as Inland Foods, in a deal that will close on 27 June. In a joint press release, the two companies announced the deal, which will see Fortune expand its operations in Texas, Louisiana, and Southern Mississippi. Inland said the sale will allow it to “sharpen its focus” on its operations in the Southeast U.S. The… Read More

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