Other Media | SeafoodSource: As Trump escalates trade war, analysts tell shippers to expect the unexpected
UNITED STATES
Friday, February 14, 2025
U.S. president Donald Trump announced that he would impose reciprocal tariffs on the nation’s trading partners on 13 February, prompting numerous trade experts to predict higher prices for American consumers.
Shortly after Trump announced the measures, Capital Economics, a global financial analytics firm, told the New York Times that it “predicts that the effective tariff rate on all U.S. imports could rise from less than 3 percent now to around 20 percent.” The effective tariff rate is the percentage of the price of imported goods that goes toward paying tariffs.
Author: Erin Spampinato / SeafoodSource l Read the full article here
ANFACO-CECOPESCA, in collaboration with the Spanish Ministry of Agriculture, Fisheries and Food, announces the third edition of the Tuna Awards, international accolades that highlight the tuna sector's efforts towards operational excellence, sustainability, and digital transformation.
The submission period for applications will be open from April 1 to June 15, 2025, through www.tunaawards.com. An expert jury will select the finalist projects.
The winners will be announced on September 10, 2025, in Vigo, Spain, during the gala preceding the XII ANFACO World Tuna Conference, a biennial event that will gather more than 350 industry leaders, institutional representatives, and experts from over 30 countries.
These awards represent unique recognition for companies and entities that drive the advancement of the tuna sector, contributing to its international projection and highlighting the positive impact of innovation and sustainability.
The visibility of the winners is amplified by the presence of leading international tuna associations and industry-leading companies.
In a statement released Wednesday, the embassy spokesperson asserted that China's facilities comply with both domestic and international law and do not violate any agreements with South Korea.
This response follows reports in South Korean media, including The Korea Times, which alleged that China had installed large steel structures in the Yellow Sea within the overlapping Exclusive Economic Zones (EEZs) of Korea and China.
The embassy spokesperson clarified that the facilities are deep-sea aquaculture installations situated in waters off China's own coast, constituting a lawful use of marine resources.
The spokesperson emphasized that China's actions are fully consistent with domestic and international law, do not contravene the China-ROK fisheries agreement, and do not infringe upon South Korea's rights under that agreement.
Furthermore, the embassy stated that China has implemented stringent environmental and safety measures to ensure the facilities do not pose risks to the marine environment or navigational safety.
The Undersecretary of Fisheries and Aquatic Resources, Juan Antonio López Cazorla, announced the authorization of Illex squid fishing north of the 44°S parallel, effective from 18:00 hours on Wednesday, March 26th.
The measure is taken in a context of significant decrease in squid catches south of the 52°S parallel, attributed to adverse weather conditions. This trend has also been observed in the north, where a similar decline in the fishing of this species was reported.
The foreign fleet, operating beyond mile 201, is fishing at the latitude of the 42°S parallel. In response to this situation, the Argentine national fleet has begun its northward movement, anticipating better catches.
Two prominent Alaska seafood trade groups are calling on the federal government to moderate its aggressive trade policies, warning that new tariffs risk triggering international retaliation and exacerbating the state’s seafood industry crisis.
The groups contend that new U.S. tariffs could provoke retaliatory measures from the European Union, China, or Japan, further jeopardizing Alaska seafood exports.
At-Sea Processors Association CEO Matt Tinning emphasized in an interview the industry’s heavy reliance on trade and its vulnerability to retaliatory tariffs.
“We really do live and die by fair access to those export markets,”he stated.
The association represents the majority of large catcher-processor vessels operating in the Bering Sea pollock fishery, a crucial component of Alaska’s commercial seafood sector.
Tinning also highlighted the increasing challenges posed by Russian seafood, which has significantly increased its presence in global markets in recent years.
The Malaysian Maritime Enforcement Agency (MMEA) Bintulu Maritime Zone detained a local Class C fishing vessel 5.5 nautical miles northwest of Bintulu Turtle Beach at 7:45 a.m. today. The vessel is suspected of violating its license conditions.
Captain Muhammad Suffian Eldine Abdullah, director of the MMEA Bintulu Maritime Zone, reported that the vessel was intercepted by a Malaysian Maritime patrol vessel while operating in Similajau waters.
"Initial inspections revealed the vessel was operating within 12 nautical miles of the shore, in breach of its license stipulations,"said Captain Muhammad Suffian.
Further inspection revealed the vessel was crewed by two Malaysian and two Indonesian nationals, aged between 19 and 52.
The vessel is suspected of violating Section 8(b) of the Fisheries Act 1985, which prohibits licensed vessels from operating within 12 nautical miles of the coastline.
Penalties for this offense include a fine of up to RM20,000, imprisonment of up to two years, or both.
The vessel and its crew were detained and escorted to the Bintulu Maritime Zone Vessel Detention Centre for further investigation by MMEA officers.
Anfaco-Cecopesca analyzes the results of the year; it once again demands the elimination of tuna from the EU-Thailand negotiations; and remains expectant regarding the implications of Trump's tariff war. The outlook for 2025 is "uncertain."
A sector that is growing steadily and increasing its export strength to offset the reduction in seafood consumption in Spain, which for the first time affects canned tuna. This is the situation facing the canned fish and seafood industry, with one eye on the United States, given the uncertainty generated by the tariff war initiated by Donald Trump, and another on Thailand, given the implications that the inclusion of tuna in the future trade agreement being negotiated by the EU could have for the sector.
Source: Industrias Pesqueras l Read the full article here
Pan-European infrastructure fund Marguerite is to invest in Norwegian fish farming marine services provider AQS.
Marguerite will acquire a 50% stake in AQS through its latest fund, Marguerite III. This will be done through a capital increase by issuing new shares in AQS.
The strategic partnership will support AQS’ long-term strategy and accelerate further growth with fleet and organisational expansion. Fanøyskjæret AS, the family company of Sandra, Edvard and Ove Løfsnæs, will retain a 50% ownership stake.
Source: fishfarmingexpert l Read the full article here
Spanish tuna company Balfegó is preparing to inaugurate a new processing and office facility in Spain in time for the 2025 Seafood Expo Global, taking place this year in Barcelona, Spain, from 6 to 8 May.
Balfegó catches bluefin tuna in May and June each year and then ranches the fish in farms off the coast of L'Ametlla, Spain. The company then feeds its fish a specific diet depending on customers’ needs and harvests them using the Japanese ikejime method to produce a high-end product.
Author: Chris Chase / SeafoodSource l Read the full article here
Icelandic salmon farmer Arnarlax has alerted the authorities to a possible escape situation following the discovery of a hole in one of its seine bags.
The incident took place at its location at Vatneyri in Patreksfjörður, where some 117,000 salmon are located.
The Icelandic Food and Veterinary Authority received a notification from Arnarlax around a week ago.
The hole was discovered during a routine underwater inspection and the repair was completed the same day.
Author: Vince McDonagh / Fish Farmer l Read the full article here
Hofseth Processing in Ålesund will undergo a significant upgrade in the coming months to expand capacity and streamline production.
To meet rising demand and optimize the processing of farmed salmon and trout, Hofseth will implement substantial upgrades at its Ålesund facility, according to a company press release.
The company is doubling its sorting capacity by transitioning from a single-lane to a two-lane Marel whole fish sorter. To accommodate this expansion within its existing infrastructure, Hofseth collaborated with Marel, MMC First Process, and Samey Robotics to develop a comprehensive solution that enhances both sorting capacity and operational flexibility, while supporting sustainable food production goals.
The upgraded line will feature a two-lane whole fish sorting system with integrated Marel AXIN software. MMC First Process will provide a spiral cooling tank and continuous fish discharge system, along with an automated empty case solution with a 200% increase in storage capacity and a high-speed lidding machine. Completing the process are packaging robots from Samey Robotics, controlled by AXIN Dynamic Palletizing software. Installation is scheduled to begin in the coming months.
Marel and MMC First Process established a strategic partnership in February 2024 to deliver integrated equipment and software solutions to the seafood industry.
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