Chris Chase

The U.S. Court of International Trade has ruled U.S. President Donald Trump’s use of Section 122 to enact a 10 percent tariff across all nations is illegal, though collection of duties will continue for most states and businesses. Trump announced in February that he planned to impose the 10 percent tariff using Section 122 after the U.S. Supreme Court invalidated his previous sweeping tariff action. Trump had previously justified tariffs on… Read More

The International Council for the Exploration of the Seas (ICES) has recommended a higher total allowable catch (TAC) for North Sea autumn-spawning herring. ICES’s latest advice states the Long Term Management Strategy (LTMS) agreed to by the E.U., Norway, and the U.K. should catch no more than 396,680 metric tons (MT) of herring, up from the 287,772 MT that it recommended for the 2026 season. Those recommendations were ultimately partially… Read More

Premium Brands Holdings Corporation continued its string of record earnings and revenue in Q1 2026 even as its subsidiary Clearwater continued its string of losses. Premium Brands posted revenue of CAD 2.1 billion (USD 1.54 billion, EUR 1.31 billion) in Q1 2026, an increase of CAD 405.1 million (USD 297.1 million, EUR 252.4 million), or 24.6 percent, over Q1 2025. The company's adjusted EBITDA in the quarter also increased to CAD 171.2 million… Read More

Norway’s seafood export value dropped in April 2026 as external factors like the war in the Middle East and the increased value of the Norwegian krone compared to the U.S. dollar and Euro weighed on results. Norway exported seafood valued NOK 13.4 billion (USD 1.44 billion, EUR 1.23 billion) in April 2026, a drop of NOK 742 million (USD 79.8 million, EUR 67.9 million), or 5 percent, compared to the same month of 2025. The decrease has a few… Read More

The Coalition of First Nations for Finfish Stewardship is calling on Canada’s government to reopen net-pen salmon farming in British Columbia, citing a history of partnerships between the federal government and Indigenous groups for other projects.  Canada began shutting down net-pen salmon farming in British Columbia in December 2020 with the announcement that salmon farms in the Discovery Islands region would be phased out in 18 months.… Read More

Mowi and TidalX AI have announced the two companies are expanding their collaboration into Mowi Genetics to enhance the salmon-farming company’s breeding program.  TidalX AI began as a project at X, the moonshot factory – a project of Google’s parent company Alphabet. Initially called Project Tidal and later Tidal, the company launched as an independent aquaculture company in 2024 and has been working with Mowi since the project’s… Read More

Vigo, Spain-based Nueva Pescanova announced a EUR 283 million (USD 331 million) capital increase, which it said will reduce its leverage to aid growth. The company said its principle shareholder, ABANCA, will subscribe to EUR 279 million (USD 326 million) of the capital increase. The increase also includes the option for minority shareholders to participate through cash contributions, the company said. “With this move, the Nueva Pescanova… Read More

Denmark-based aquaculture feed company BioMar posted strong earnings in Q1 2026, and its parent company, Schouw & Co., announced it is starting the process of creating an initial public offering (IPO) for the company.  BioMar posted revenue of DKK 3.2 billion (USD 500 million, EUR 428 million) in Q1 2026, a decrease compared to the DKK 3.39 billion (USD 530 million, EUR 453 million) it posted in Q1 2025. The company attributed the decrease to a… Read More

Vigo, Spain-based Profand has entered an agreement with major shareholders of Unión Martín Group to acquire the company. Profand said Alantra Private Equity and the other shareholders of Unión Martín Group agreed to a purchase of the company, which specializes in catching, processing, and commercialization of seafood products. Unión Martín Group is based in Las Palmas, Gran Canaria, Spain, and specializes in cephalopods, flatfish, and… Read More

Captain Fresh CEO and Founder Utham Gowda is a self-professed outsider to the seafood industry who now holds the reins of a major player on multiple continents. Incorporated in June 2020, the supply chain platform has raised billions of dollars and purchased major seafood companies like CenSea in 2024 and Spanish tuna giant Frime in March of this year. The company’s stated mission is to connect the dots across the seafood supply chain from… Read More