IN BRIEF - Putin signed a law accelerating the receipt of tax deductions for fishermen
RUSSIAN FEDERATION
Wednesday, February 28, 2024
Russian President Vladimir Putin signed a law allowing for faster receipt of tax deductions for fees for the use of aquatic biological resources.
Changes to the Tax Code of the Russian Federation will make it possible to apply the deduction not a year after the development and processing of aquatic biological resources, but after the extraction or catching of aquatic biological resources and the production of products with high added value from them. At the same time, funds within the established amount of the deduction will be retained in the circulation of fish producers - payers of the collection.
Vladimir Putin and Sergei Mitin
“Companies could receive such a deduction only in the third year after processing the catch. Now this period will be shortened. It will be possible to apply for the deduction based on the results of the extraction and processing of biological resources and apply it when applying for the next permits. The transfer of unused deductions to the next year also continues,”Sergei Mitin, First Deputy Chairman of the Federation Council Committee on Agricultural and Food Policy and Environmental Management, commented on the document.
In addition, restrictions on the one-time use of the deduction within 2 years by fee payers are eliminated. And the period for applying the deduction is 2 calendar years, according to the new law.
Data from the SFPA reveal significant disparities in the uptake of fishing opportunities allocated for 2026: albacore has reached 116%, saithe stands at 170%, sole at 169%, blue whiting at 118%, and hake at 94%, while numerous other quotas remain below 20%.
The utilization of fishing quotas allocated to Ireland for 2026 shows significant imbalances, with more than four months still remaining in the year. Data published by the Sea-Fisheries Protection Authority (SFPA) highlight stocks where usage already exceeds available limits, alongside others where only a small fraction has been caught. This situation reflects a combination of fleet strategies, resource availability, and the complexity of the European quota management system.
Peru’s Production Ministry (PRODUCE) has canceled the North-Central anchovy fishery for the season, leaving over 1 million metric tons (MT) of available quota uncaught.
Peru set a lower quota for the North-Central season of 1.9 million MT, which was down from the 3 million MT total allowable catch set for the same fishery in 2025. Despite the season kicking off in early April, fishers had only caught 471,000 MT, according to official data, with 51.6 percent of that catch comprising juvenile anchovies.
PRODUCE announced in El Peruano that the percentage of juvenile anchovy in the fishery remained at a rate too high to allow fishing, largely due to warming waters caused by El Niño
Author: Chris Chase / SeafoodSource | Read the full article here
Oceanloop, a German aquaculture technology company developing software-driven recirculating aquaculture systems (RAS), has secured up to €38.5 million to scale its technology and expand production of giant grouper in Europe.
After several years of biological and technical development, Oceanloop has become the first company to farm giant grouper in Europe. Sales from its existing land-based farm in Strande near Kiel began in April 2026 through Oceanloop’s sister company Honest Catch, marking the transition from research and development to commercial production. The existing facility is expected to supply approximately 20to 30 tonnes per year.
The keen interest sparked within the British sector by the "octopus bloom"—the massive proliferation of *Octopus vulgaris* in the waters off southwest England and the western English Channel that began in 2025—has prompted the government to take action. After establishing a working group to advance the management of this fishery—which, until a year ago, was negligible—the Marine Management Organisation (MMO) has now launched an information website aimed at the general public, the fishing industry, and the scientific community. "The octopus proliferation has understandably generated enormous interest, and we want to ensure that everyone can easily find reliable, up-to-date information in one place."
Source: Industrias Pesqueras | Read the full article here
PFAS, or ‘forever chemicals’, are commonly used to make textiles and other materials resistant to water and fire. However, because they persist in the environment and build up in living organisms, they pose growing risks to human health and ecosystems.
To help address this challenge, Venice-based start-up Algae Scope transforms residual seaweed biomass into a bio-based additive with natural fire- and water-repellent properties, offering manufacturers an alternative to PFAS.
China Southern Airlines has launched a new direct cargo route between Oslo and Shanghai, with capacity expected to carry around 200 tonnes of Norwegian salmon to China each week.
The route began operations on August 19 and will operate twice weekly using Boeing 777F freighters, with capacity of around 100 tonnes per flight, Norwegian airport operator Avinor said.
China Southern said it expects the service to carry 200 tonnes of Norwegian salmon a week during its initial operating phase.
Source: SalmonBusiness | Read the full article here
El Niño, the climate pattern marked by the warming of surface waters in the central and eastern tropical Pacific Ocean, is currently having a significant impact on global fishmeal and fish oil production, marine ingredients association IFFO said today.
Peru, which typically accounts for around 20% of world fishmeal production, has been particularly affected by El Niño. This has significant implications for global supply of marine ingredients, which remain an important part of aquaculture diets.
Source: fishfarmingexpert | Read the full article here
The shrimp fishery in Argentine waters is crucial to the financial performance of Galician-owned companies operating in the country through joint ventures. In fact, the multinational Iberconsa attributes a 5% drop in its business volume to the conflict that curtailed last year's season—and consequently, catch levels. While the 2025 season ended with a total of 63,800 tonnes, over 155,000 tonnes have already been landed by the middle of this month, according to Radio 3 Cadena Patagonia. The fleet and processing companies face a potential early closure, driven both by the volume of the catch and by the fact that rising levels of hake bycatch are affecting the yield of the shrimp fishery.
Source: La Voz de Galicia | Read the full article here
El Niño is hitting the Pacific hard. According to the latest report from ENFEN—Peru’s multisectoral commission responsible for studying the El Niño phenomenon—"if anomalous warm conditions persist, the anchoveta is expected to remain concentrated near the coast and at greater depths than usual over the coming weeks, leading to increased depletion of their energy reserves." In fact, NOAA estimates that the event will intensify heading into autumn—a prediction shared by the World Meteorological Organization (WMO), which acknowledges that "El Niño continues to intensify steadily and is expected to have a decisive influence on global climate patterns during the August–October 2026 period."
Source: iPac.acuicultura | Read the full article here
RationFEED turns wasted pellets into feeding intelligence.
Icelandic aquaculture technology company Ration has developed RationFEED, an out-of-water computer-vision system that detects and counts uneaten feed pellets in the effluent from land-based fish tanks. The data can be used to automatically adjust feeding in real-time, helping farms reduce feed loss, protect water quality, and respond more accurately to changes in fish appetite.
Mounted above the tank effluent, RationFEED combines specialized optics, AI, and computer vision to distinguish pellets from fish waste. The system can connect to existing feeding equipment and control it automatically.
RUSSIAN FEDERATION
REPUBLIC OF IRELAND.png)
Data from the SFPA reveal significant disparities in the uptake of fishing opportunities allocated for 2026: albacore has reached 116%, saithe stands at 170%, sole at 169%, blue whiting at 118%, and hake at 94%, while numerous other quotas remain below 20%.
PERU
Peru’s Production Ministry (
GERMANY
Oceanloop, a German aquaculture technology company developing software-driven recirculating aquaculture systems (RAS), has secured up to €38.5 million to scale its technology and expand production of giant grouper in Europe.
UNITED KINGDOM
The keen interest sparked within the British sector by the "octopus bloom"—the massive proliferation of *Octopus vulgaris* in the waters off southwest England and the western English Channel that began in 2025—has prompted the government to take action. After establishing a working group to advance the management of this fishery—which, until a year ago, was negligible—the Marine Management Organisation (MMO) has now launched an information website aimed at the general public, the fishing industry, and the scientific community. "The octopus proliferation has understandably generated enormous interest, and we want to ensure that everyone can easily find reliable, up-to-date information in one place."
ITALY
PFAS, or ‘forever chemicals’, are commonly used to make textiles and other materials resistant to water and fire. However, because they persist in the environment and build up in living organisms, they pose growing risks to human health and ecosystems.
CHINA
China Southern Airlines has launched a new direct cargo route between Oslo and Shanghai, with capacity expected to carry around 200 tonnes of Norwegian salmon to China each week.
El Niño, the climate pattern marked by the warming of surface waters in the central and eastern tropical Pacific Ocean, is currently having a significant impact on global fishmeal and fish oil production, marine ingredients association 
ARGENTINA
The shrimp fishery in Argentine waters is crucial to the financial performance of Galician-owned companies operating in the country through joint ventures. In fact, the multinational Iberconsa attributes a 5% drop in its business volume to the conflict that curtailed last year's season—and consequently, catch levels. While the 2025 season ended with a total of 63,800 tonnes, over 155,000 tonnes have already been landed by the middle of this month, according to Radio 3 Cadena Patagonia. The fleet and processing companies face a potential early closure, driven both by the volume of the catch and by the fact that rising levels of hake bycatch are affecting the yield of the shrimp fishery.
WORLDWIDE
El Niño is hitting the Pacific hard. According to the latest report from ENFEN—Peru’s multisectoral commission responsible for studying the El Niño phenomenon—"if anomalous warm conditions persist, the anchoveta is expected to remain concentrated near the coast and at greater depths than usual over the coming weeks, leading to increased depletion of their energy reserves." In fact, NOAA estimates that the event will intensify heading into autumn—a prediction shared by the World Meteorological Organization (WMO), which acknowledges that "El Niño continues to intensify steadily and is expected to have a decisive influence on global climate patterns during the August–October 2026 period." 
ICELAND
RationFEED turns wasted pellets into feeding intelligence. 
