IN BRIEF - The Basque Country tests a floating cage to raise 1,500 tuna on the high seas, safe from storms
SPAIN
Tuesday, November 12, 2024
An innovative system of submersible cages with a diameter of 50 metres, installed off the coast of Getaria (Gipuzkoa), is being tested in the Cantabrian Sea for fattening tuna, reports El Pais.
Two large submersible pools with a diameter of 50 metres float in the open waters of Getaria (Gipuzkoa). On the surface, 3.6 nautical miles from the coast, rings made of polyethylene tubes can be seen, from which mesh hangs, sinking to a depth of up to 30 metres.
This is the first marine farm for fattening red tuna to be installed in the Cantabrian Sea. The breeding of the fish will begin in the summer of 2025 and it is expected that a year later up to 150 tonnes of tuna will be able to live in this habitat. "If it passes the test here, it will be a farm suitable for any location,"says Antonio López Zapata, director of Aquaculture at Balfegó, the Catalan company run by Juan Serrano.
Royal Greenland, Greenland’s largest and most influential company, officially welcomed Toke Binzer as its new Chief Executive Officer on December 1st.
Binzer assumes leadership with a profound understanding of Greenlandic society and the company's crucial role in the nation's economy. "If things go well for Royal Greenland, they go well for Greenland—and vice versa," Binzer stated, acknowledging the "huge responsibility" to secure a significant part of the country's economic future. He looks forward to undertaking this task with employees in Greenland and globally.
A familiar figure in Greenland's business community, Binzer also brings valuable international leadership experience from his time at companies like IBM and TDC.
Royal Greenland's Chairman of the Board, Niels Thomsen, praised this dual background: “Toke has worked at the intersection of strategy, operations and people... experience that will be valuable in Royal Greenland’s continued development." Thomsen emphasized that Binzer’s combination of international experience and local insight makes him uniquely suited to lead the company as both a global market leader and a key contributor to Greenlandic society.
Binzer plans to visit Royal Greenland's global locations in the coming months to meet employees and gain firsthand operational insights.
EU Member States have agreed on new limits for permissible litter on the seabed, a crucial step towards reducing marine pollution. Under the new rules, areas where seabed litter is measured using trawl surveys must not show an increase in the amount of litter over time. In visually monitored areas, there must be no more than one piece of sand per 1,000 square meters. Current assessments will focus on waters to a depth of 200 meters.
The Technical Working Group on Marine Litter agreed on these values ??within the framework of the Marine Strategy Framework Directive (MSFD). This initiative supports the Zero Pollution Action Plan and the EU's previous decision to establish a threshold for coastal litter.
Source: Industrias Pesqueras | Read the full article here
NASF to launch new sustainability award as Pareto strengthens role in Bergen.
The North Atlantic Seafood Forum (NASF) has announced the launch of a new North Atlantic Sustainability Award, marking a significant expansion of the conference’s emphasis on long-term environmental and social performance across the seafood sector.
The award is designed to showcase standout efforts within the North Atlantic at a time when sustainability expectations, regulatory requirements and investor scrutiny are converging more sharply than ever.
Source: SalmonBusiness | Read the full article here
New Zealand King Salmon, one of the southern hemisphere’s major fish farmers, has reported a loss over the past few months due to biological challenges, including high mortality and low fish weights, which have affected harvest volumes and led to a drop in revenues.
The loss in the eight months to 30 September was NZ $6.3 million (£2.7m) versus a profit of NZ $13.4 million (£5.8m) for the 12 months ended 31 January 2025.The results are the company’s first under a revised 30 September balance date, reflecting a shortened eight-month reporting period.
Author: Vince McDonagh / Fish Farmer | Read the full article here
It will surpass the profitability of the previous two years, according to the European Commission
The European Commission (EC) forecasts that the European Union (EU) fishing fleet will achieve an operating profit of €567 million in 2025, according to a report published by the Commission on Friday. Brussels indicated in a statement that this figure shows "a positive trend" and exceeds the results of 2023 and 2024.
According to the report, the positive economic trend is being driven by progress towards achieving "sustainable" fish stocks, adjustments in fishing capacity, and the drop in fuel prices and consumption.
Source: La Voz de Galicia | Read the full article here
New players from the financial, technology, and science sectors are joining the Sustainable Shrimp Partnership (SSP) to strengthen innovation and sustainability in aquaculture.
The Sustainable Shrimp Partnership (SSP), a pre-competitive ecosystem committed to raising sustainability standards in the shrimp industry, announces the addition of three new associate members: Banco Guayaquil, Kampi, and Kemin AquaScience.
Through working groups, collaborative projects, and the continuous exchange of technical and operational knowledge, SSP members—companies from across the value chain—work together to identify common challenges, develop shared solutions, and enhance performance across the shrimp industry.
China imported 742,758 tonnes of shrimp in the first 10 months of 2025, with the total representing a 1% decrease on the corresponding period of last year – largely due to a sharp contraction in January, confirms new industry analysis from Shrimp Insights.
The organisation notes the volume slump was gradually offset by steady growth from February through August. Monthly imports peaked in July at 90,683 tonnes (+10% year-on-year) before easing to +1% in September and flattening completely in October.
Blumar reported its consolidated financial results for the third quarter of 2025, a period marked by the recovery from events that occurred in 2024, such as the algal bloom, the fire at the salmon processing plant in Magallanes, and the delayed sardine and anchovy season. These effects explain the significant year-on-year variations in revenue, EBITDA, and accumulated profits at the consolidated level.
As of September 30, 2025, consolidated revenue reached US$568.7 million, representing a 30% increase compared to the same period of the previous year. Pre-fair value EBITDA totaled US$82.2 million, 22% higher than the accumulated figure for 2024.
Source: MundoAcuicola | Read the full article here
Mowi has issued NOK 4,500 million ($441 million) in new senior unsecured green bonds across two tranches, following its stock exchange notice
The company placed NOK 3,500 million ($343 million) in five-year floating-rate notes at 3-month Nibor plus 1.10 percent, and NOK 1,000 million ($98 million) in five-year fixed-rate notes at 4.95 percent. The full amount, including coupons, will be swapped into floating-rate euro exposure. Mowi said the transaction was well oversubscribed.
Source: SalmonBusiness | Read the full article here
The Technological Center of the Sea – Cetmar Foundation, within the framework of the Galician Cooperation policy of the Xunta de Galicia (Regional Government of Galicia), is promoting the MAR de Piura project in Peru. This international cooperation initiative aims to increase the sustainability of the value chain associated with the fishing and aquaculture sector in the Piura region.
As the first operational milestone of this intervention, an intensive training course will be held from December 1st to 5th for technicians from the Social Organizations of Fishermen and Aquaculture Farmers (OSPAS). The course will cover protocols for maintenance, cleaning, and optimization of the scallop production cycle during the hatchery and pre-fattening phases.
Source: iPac.aquacultura | Read the full article here
China and the US Redefine the $13 Billion Global Market Worldwide
Live vs. Frozen: A New Bipolar Equilibrium in the Seafood Trade
The global crab trade is undergoing a major restructuring in 2025, driven by shifting consumer demands and geopolitical supply changes....
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GREENLAND
Binzer assumes leadership with a profound understanding of Greenlandic society and the company's crucial role in the nation's economy. "If things go well for Royal Greenland, they go well for Greenland—and vice versa," Binzer stated, acknowledging the "huge responsibility" to secure a significant part of the country's economic future. He looks forward to undertaking this task with employees in Greenland and globally.
EUROPEAN UNION
EU Member States have agreed on new limits for permissible litter on the seabed, a crucial step towards reducing marine pollution. Under the new rules, areas where seabed litter is measured using trawl surveys must not show an increase in the amount of litter over time. In visually monitored areas, there must be no more than one piece of sand per 1,000 square meters. Current assessments will focus on waters to a depth of 200 meters.
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NASF to launch new sustainability award as Pareto strengthens role in Bergen.
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New Zealand King Salmon
BELGIUM
It will surpass the profitability of the previous two years, according to the European Commission
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CHINA
China imported 742,758 tonnes of shrimp in the first 10 months of 2025, with the total representing a 1% decrease on the corresponding period of last year – largely due to a sharp contraction in January, confirms new industry analysis from Shrimp Insights. 
CHILE
Mowi 
PERU
The Technological Center of the Sea – 
