Undercurrent News

Daily recap: Polar Seafood Denmark CEO steps down; Canada drops counter tariffs on US seafood

Undercurrent presents a recap of the top daily seafood stories from Thursday, Aug. 27

Trade insights: China Atlantic salmon imports remain well above 2025 despite retreat from February peak

The country imported 13,712 metric tons worth $133.6 million in June, up 21% in volume and 29% in value year-on-year

Scotland's Lunar enjoys another lift in profits, sells vessel to Norway

After bottom-line profits rose 33% in 2024, last year then saw another lift of 40%

China wholesale shrimp prices: Ecuador still under pressure, Argentine reds steady

A major importer expects the market to rebound as demand returns

Philippines seeks reconsideration after top court voids vessel monitoring rule

The government is fighting to preserve its electronic monitoring program in order to win back approval from the US to restore its right to expor…

Australian, Chinese seafood groups sign pact to broaden trade beyond lobster

With Australia’s live rock lobster exports to China booming, a push to expand trade in abalone and wild prawns is underway

Europeche urges Brussels to shield tuna industry in EU-Thailand FTA talks

Europeche is urging the EU to exclude tuna from its trade deal with Thailand, warning of unfair competition and risks to Europe’s tuna industry

Sweden's role in fishmeal production adds strain to Baltic herring stocks, study reveals

Much of the herring caught in the Baltic is processed into fishmeal for livestock and aquaculture, rather than used for human consumption, a new…

Faroese minister warns Arctic peace at risk as geopolitical tensions rise

The region has drawn heightened attention due to its strategic location, untapped resources, and new shipping routes made accessible by melting…

Albert Heijn claims a first as it launches shrimp raised to 'higher welfare standards'

The producer consortium includes importer Klaas Puul, feed manufacturer Skretting, innovative feed ingredient providers Veramaris and Protix, an…

Spain seizes Brazilian fishing boat with cocaine haul off Canary Islands

Spanish police seized a Brazilian-flagged fishing boat with 1.5t of cocaine in a hidden compartment near the Canary Islands

Daily recap, April 24: Farmed salmon outlook from Barcelona; Snow crab processors vow not to budge on price

Here’s a recap of the top daily seafood news from Monday, April 24

Swedes invest in firm planning 8,000t land-based salmon farm in France

Swedish water and waste treatment firm Smogenlax has become a co-owner of Smart Salmon, a Norwegian company planning to build an 8,000t RAS farm…

Dutch fund FMO to invest $10m in Sri Lanka's Taprobane Seafoods

A further $5m investment will follow, according to the fund’s website

Portugal to receive €400m EU funds for 'blue economy' transition

The funds are part of Portugal’s Partnership Agreement with the European Commission, which will provide for up to €23 billion to Portugal until…

France, Sweden awarded nine-digit fisheries funding by EU grants

The respective €567m and €115m grants will go towards the ‘long-term sustainable development of the fisheries, aquaculture and fish processing s…

Cargill launches 'SeaFurther' carbon reduction scheme for farmers

The SeaFurther scheme will have an initial focus on salmonids, with two farmers — Chile’s Salmones Aysen and the UK’s Kames Fish Farming — alrea…

Ecuador's shrimp exports to Spain up 16% in H1

Ecuadorian shrimp sales to Spain grew by 16% in volume between January and June 2021, making it the Latin American country’s third most importan…