Chris Chase

Cooke Aquaculture is under investigation after an animal rights group filed formal complaints accusing it of committing animal welfare violations at its Bingham, Maine, U.S.A-based aquaculture facilities. Animal Outlook claimed it found evidence of Cooke Aquaculture employees committing animal welfare violations in an undercover investigation. The claims included video footage that the organization said shows workers clubbing fish, along with… Read More

The Aquaculture Stewardship Council (ASC) entered 2026 with its new feed standard, its new ASC Farm Standard, and, in March, debuted a brand-new logo as it continues to push for greater aquaculture sustainability. ASC CEO Chris Ninnes told SeafoodSource during the 2026 Seafood Expo Global (SEG) – which ran from 21 to 23 April in Barcelona, Spain – that the implementation of both the farm and feed standards is still underway. “Those are… Read More

Chicago, Illinois, U.S.A-based S2G Investments has closed a USD 1 billion (EUR 854 million) fund after receiving investments from both new and existing institutional investors. S2G Investments launched its ocean strategy in 2020 with a USD 100 million (EUR 85 million) fund devoted to investing in early, venture, and growth stage companies in the blue economy space. S2G Managing Director of the Oceans Investment Team Larsen Mettler told… Read More

Kats, the Netherlands-based Kingfish Company has successfully raised EUR 21 million (USD 24.6 million) as part of a financial restructuring of the company. The company said the funds were raised through a private placement of over 392 million ordinary shares, and that it is planning a subsequent offering for another potential EUR 4 million (USD 4.7 million) in gross proceeds. The company said the private placement is part of a strategic… Read More

Norwegian cod-farming company Ode has entered into an agreement with salmon-farming company Mowi to acquire its ballan wrasse facility in Vanylven, Norway. Ode said the agreement will see Mowi continue to operate the facility through the summer months with the current stock of ballan wrasse. After that generation is harvested, Ode will take over the facility and all of its employees and use it to raise juvenile cod and broodstock for its… Read More

Global fishmeal and fish oil production was down in March 2026 compared to March 2025 according to IFFO – The Marine Ingredients Organization. According to IFFO, fishmeal production fell 38 percent in March 2026 compared to the same month of 2025, and cumulative production in Q1 2026 was down 28 percent compared to Q1 2025. Fish oil output also dropped – albeit at a lower rate. Global fish oil production in Q1 2026 dropped 12 percent… Read More

Canada’s Department of Fisheries and Oceans (DFO) announced nearly CAD 1 billion (USD 729 million, EUR 621 million) in funding will be invested in the country’s small craft harbors over the next five years.  Canada’s Spring Economic Update 2026 includes a CAD 957.8 million (USD 699 million, EUR 596 million) investment in small craft harbors, which the DFO said will help support the country’s fisheries, aquaculture, and seafood… Read More

Japanese seafood giant Umios – formerly known as Maruha Nichiro – posted an increase in its net sales and EBITDA for the financial year ending 31 March 2026.  During the time frame, the company saw net sales of JPY 1.1 trillion (USD 6.99 billion, EUR 5.94 billion), which was up 2.5 percent from the JPY 1.08 trillion (USD 6.87 billion, EUR 5.83 billion) it posted in the prior year. Operating income also increased slightly to JPY 31.2 billion… Read More

A National Marine Fisheries Service (NMFS) reconsideration of its Marine Mammal Protection Act (MMPA) comparability findings for swimming crab has determined it will ban imports of the product from the Philippines gillnet and pot/trap fisheries while greenlighting imports from Vietnam, Indonesia, and Sri Lanka. NMFS first announced its MMPA comparability findings in August 2025, revealing 240 fisheries from multiple countries would no longer be… Read More

A group of conservation organizations has launched a lawsuit against the administration of U.S. President Donald Trump in response to his reopening of the Northeast Canyons and Seamounts National Monument to commercial fishing. Trump revoked restrictions on commercial fishing in the monument in February, marking the fourth time that the status of commercial fishing in the region changed since the monument was first created by U.S. President… Read More