Click on the table to enlarge it

Cermaq is consolidating its Canadian operations under a newly created company as the salmon farmer continues the integration of the former Grieg Seafood British Columbia business.

Parent company Mitsubishi Corporation said Cermaq’s Canadian subsidiaries will be amalgamated into a new entity, Cermaq British Columbia Ltd., effective June 1. The new company will assume all assets, liabilities, rights and obligations of the existing businesses.

The restructuring follows Cermaq’s acquisition of Grieg Seafood’s operations in British Columbia and Newfoundland last year in a deal valued at approximately NOK 10.2 billion (€946 million).

Source: SalmonBusiness | Read the full article here

The Food and Agriculture Organisation of the United Nations (FAO), together with the Ministry of Water Resources, Agriculture and Processing Industry of Kyrgyzstan and international partners, has launched a new initiative to strengthen the country’s aquaculture sector, bringing together key actors in Bishkek for a high-level inception workshop under the project Sustainable Fish Value Chains for Landlocked Developing Countries (SVC4LLDCs).Funded by the Ministry of Oceans and Fisheries of the Republic of Korea, the project aims to boost the sustainability, productivity and competitiveness of fish value chains in Kyrgyzstan

Source: Fish Focus | Read the full article here

The Norwegian-owned salmon farming company said it may have to seek further funding, however, and it is currently exploring possibilities.

During the period, Proximar harvested the last mixed batch of fish affected by earlier production disruptions.

Biological performance remained strong, with superior share above 95% and high survival rates of 97.6% in the grow-out.

The company doubled its turnover from Q1 2025 to NOK 60.1 million (£4.8m) which included an insurance payout.

Author: Vince McDonagh / Fish Farmer | Read the full article here

(Data recorded at Ishinomaki Fish Market for Kinka Coho Salmon, per kilogram in yen)

Click on the image to enlarge it

SEATTLE, Wash. – More than 100 volunteers from the Wild Alaska Pollock catcher-processor fleet gathered at Terminal 91 for the industry’s annual Net Recycling Day. The hands-on event transformed retired fishing nets into reusable materials, advancing circular solutions and responsible fisheries management.

The initiative united five leading fishing companies—American Seafoods, Arctic Storm Management Group, Coastal Villages Region Fund, Glacier Fish Company, and Trident Seafoods—all members of the At-Sea Processors Association.

Participants worked alongside vessel captains and gear experts to cut and sort retired nets. The recovered material will be sent to specialized facilities to be repurposed into durable products like composite decking, outdoor furniture, and sports equipment.

Now in its second year as a unified initiative, the event builds on individual company efforts. "Net Recycling Day reflects the shared commitment across our fleet to continuously improve how we operate," said Doug Christensen, President/CEO of Arctic Storm Management Group.

Russian crab producers are setting their sights on international end-consumer markets (B2C), shifting focus toward branded retail products.

Industry leaders shared these strategic plans during the first meeting of the Fish Club in Vladivostok, a premier Far Eastern event jointly organized by ExpoSolutions Group and the FishNews media holding to revive regional industry traditions.

The gathering focused heavily on the logistical specifics of seafood transportation and its untapped market potential. Rather than continuing to supply unbranded, raw commodities, crab harvesters are actively exploring ways to capture more value by launching dedicated consumer brands.

"One of our goals is to integrate into the B2C market," announced Alexander Remeta (pictured), CEO of Antey Asset Management. He emphasized that this expansion will target global consumers through branded retail items and international joint products. By moving away from "no-name" packaging, Russian businesses aim to actively promote, differentiate, and capitalize on their premium seafood assets worldwide.

Argentina's shrimp fishing sector consolidated a strong recovery in the first quarter of 2026.

Click on the image to enlarge it

Sales of whole shrimp reached 13,000 tons, an impressive 75.9% increase compared to 2025. This surge generated $79 million in revenue (a 110% increase relative to the January–April period of last year), a rebound largely explained by the fleet's inactivity in 2025. Additionally, the average price rose 19.4%, trading at $6,072 per ton. Spain remained the primary destination, skyrocketing its purchases by 138% with shipments totaling 8,602 tons.

Meanwhile, exports of shrimp tails showed more moderate growth. The exported volume increased by 4%, totaling 28,000 tons, which injected $215.7 million into the economy (an 8.9% increase over the previous year). The declared average price for this value-added product closed upward by 4.6%, reaching $7,699 per ton.

Fisheries trade between Argentina and the United States recorded exponential growth during the first four months of 2026. Foreign sales of these premium deep-sea products reached record figures, driven by unprecedented North American demand.

Click on the image to enlarge it

According to the latest industry reports, global exports of Patagonian toothfish totaled 1,056 tons, representing a 28% increase compared to the same period last year. Meanwhile, shipments of Southern king king crab totaled 659 tons, marking a 31.1% rise compared to 2025.

The main driver of this phenomenon was the United States. The North American giant purchased 600 tons of Patagonian toothfish, a staggering 262% increase over last year, paying an average price of $30,343 per ton. Regarding Southern king crab, U.S. purchases skyrocketed to 360 tons, a 357% surge compared to 2025, with an average value of $19,475 per ton, consolidating this market as a key partner for the Argentine fishing sector.