IN BRIEF - Globefish: 'Cod farming seems to be on the way up again'
NORWAY
Sunday, July 21, 2024
Norwegian production of farmed cod reached 12 000 tonnes in 2023, and is expected to increase to 14 000 tonnes in 2024. Although these are still very modest volumes, they are an indication that in the future, farmed cod may replace some of the volumes lost by reduced quotas in the Barents Sea.
However, some of the cod farmers are even more optimistic. One farmer said he expects the 2024 volume to reach 20 000 tonnes, and by 2028, his company alone will produce 28 000 tonnes a year. There have been a lot of technological, biological and genetic improvements since Norway embarked on cod farming in the early 2000s. Production costs have been cut considerably, and production time is shorter.
Farmed cod can now be grown to 4 kg in 18 months in the sea, and year-round production is possible. Thus, farmers would be able to supply fresh cod all through the year, while the wild catch in Norway peaks during the period from February through March. Most of the farmed cod would go for exports as fresh fish destined for the high-end restaurant market.
There are challenges, though. The Norwegian Food Safety Authority (NFSA) has stopped processing all new applications for cod farming licences while it assesses how cod farming might be affecting the wild populations. Investors have been taken by surprise, and nobody knows when applications will be processed again.
Coast 4C, a Philippines-based regenerative seaweed farming company, has raised $2.5 million in a seed investment round led by Hatch Blue through its Blue Revolution Fund (BRF). The platform supported by this investment aims to expand small-scale seaweed farming across Southeast Asia, enabling producers to boost productivity while providing global processors with a steady, reliable supply. Coast 4C highlights that this expansion seeks to address the issues of informal and fragmented supply chains that have long constrained the global seaweed supply from these small-scale producers.
Joining Hatch Blue as co-investors are Conservation International Ventures, elea, RS Group, Potato Impact Partners, Minderoo Foundation, Kibo Invest, and Azulito Fund (a fund managed by ImpactAssets).
Source: iPac.acuicultura | Read the full article here
Bakkafrost Scotland has launched a new Scottish-built vessel at Macduff Shipyards, with Scotland's Economy Secretary Stephen Flynn officially naming the vessel Dìonadair a' Bhradain ("Guardian of the Salmon") on Monday.
The vessel was built at the Aberdeenshire shipyard and is the latest in a series of investments by salmon farming companies in new vessels and marine infrastructure.
Industry body Salmon Scotland said recent contracts involving Bakkafrost Scotland, Inverlussa Marine Services, Scottish Sea Farms, Mowi Scotland and Cooke Aquaculture highlighted the sector's contribution to Scottish shipbuilding, marine engineering and the wider supply chain.
Seafood investorBluefront Equity(“Bluefront”) has acquired a majority stake in rapidly growing Meox AS, a provider of proprietary robotic cleaning solutions for the aquaculture and maritime industries.
“Achieving an average annual growth rate of around 20 percent over the past five years clearly shows that the team that is doing many things right. Fish farming companies in Norway and internationally have increasingly adopted Meox’s solutions in recent years.
The Lerøy Seafood Group says its salmon and trout harvest is likely to be down by more than 4,000 metric tons in the second quarter of this year.
In a Q2 2026 trading update, the group said volumes should be 44,750 tons against 48,900 tons this time last year.
The figures do not include Scottish Sea Farms in which Lerøy has a half share. They should become available when the full Q2 report is published on 19 August.
The harvested volume by region was (Q2 2025 figures in brackets): Lerøy Aurora 7,100 tons (11,100 tons); Lerøy Midt 19,700 tons (16,900 tons) and Lerøy Sjøtroll: 18,000 tons including 10,400 tons of trout (20,900 tons including 9,800 tons of trout).
Author: Vince McDonagh / Fish Farmer | Read the full article here
A significant shift toward a more gender-neutral society is transforming Japan’s traditionally male-dominated seafood industry, with female professionals increasingly leading operations in major fish markets.
Photo: Jiji
At the Toyosu wholesale food market in Tokyo’s Koto Ward, more than 10 female sales staff work from the early morning hours, managing high-volume transactions for fresh and processed pescados y mariscos. This marks a sharp contrast to the former Tsukiji wholesale market in Chuo Ward, where female workers were rarely seen before operations relocated to Toyosu.
Among them, Kana Saegusa has spent five years at the wholesaler Tsukiji Uoichiba, selling crabs, lobsters, and salmon delivered from nationwide producers. Meanwhile, Rina Takahashi of intermediate wholesaler Kitani Suisan has spent over seven years assessing tuna quality, processing and selling Toyosu-sourced tuna at the Tsukiji Outer Market to sushi restaurants and consumers.
The trend extends beyond the capital. Miyu Murata joined Sendai Suisan at the Sendai central wholesale market in Miyagi Prefecturefour years ago, becoming a certified auctioneer handling shellfish and seaweed since June 2025.
According to the latest information obtained by UCN, the European Commission has modified its initial proposal to completely ban imports of Russian seafood, following strong opposition from the fishing and processing industries.
An internal document from Seafood Europe reveals that the institution has lifted the planned total veto on cod (Gadus morhua) and pollock (Gadus chalcogrammus) originating from Russia, which had previously been included by President Ursula von der Leyen in the 21st round of sanctions.
The new plan establishes that the import quota system will be maintained over the long term. Although these volumes will decrease annually, they will not be reduced to zero, ensuring their permanence after a period of four years. Furthermore, the transition period for existing contracts will be doubled, extending from three to six months to allow for market adaptation.
At present, the official European Union document does not detail specific provisions or restrictions for other key species, such as wild salmon or haddock.
Amid an international landscape marked by tariff uncertainty, the industry association will hold institutional meetings, country-promotion activities, and public-private coordination sessions in New York and Washington D.C., focusing on strengthening foreign trade and the competitiveness of Chilean salmon.
As part of Chile's agenda in the United States, the Salmon Council is participating in various institutional coordination, country-promotion, and international engagement initiatives, aiming to boost the positioning of Chilean salmon in one of its most important global markets.
Sushi has become one of the strongest growth drivers in the US seafood market. New insights into the American sushi market highlight the opportunities within the category and what US consumers value.
According to a new report on the US sushi market from the National Fisheries Institute’s Sushi Council, sushi now has a total market value of around $22 billion across grocery retail, restaurants, catering and the institutional market. The restaurant segment alone accounts for around $16 billion, underlining the importance of sushi as a foodservice category.
Source: fishfarmingexpert | Read the full article here
Ecuador’s shrimp exports broke its all-time record in May 2026 as both volume and value continue to outpace 2025, according to industry blog ShrimpInsights.
According to the latest figures from Ecuador’s National Aquaculture Chamber (CNA), the country exported 165,538 metric tons (MT) of shrimp in May, an increase of 9 percent year on year and the highest export total for a single month ever for the country. Historically, May has been the month Ecuador exports the most shrimp during the year, and this record breaks the 151,521 MT record the country set last year.
Author: Chris Chase / SeafoodSource | Read the full article here
As aquaculture continues to expand globally, questions around trust, regulation and market access are becoming central to long-term success.
Egill Þorri Steingrimsson, head of coordination at MAST, the Icelandic Food and Veterinary Authority, will discuss this at the Aquaculture – Driving Sustainable Growth conference at IceFish on 22 September.
Drawing on Iceland’s experience, Egill will highlight how effective policy, robust official oversight and credible standards in food safety, animal health and welfare form the foundation for sustainable expansion. Far from being barriers, these elements are increasingly essential for securing international market access and maintaining consumer confidence.
Korean symposium elevates blue protein as key to healthy aging South Korea
Experts tout skipjack tuna's digestible peptides and amino acids as seniors' muscle-supporting blue protein
Seafood is drawing attention as a protein alternative in an aging era. As research findings...
Looming EU sanctions accelerate pollock fillet shipments from China China
Asian processors rush frozen seafood deliveries amid potential restrictions on Russian resources, while raw material procurement stalls due to regulatory uncertainty.
The global seafood trade landsca...
Fish landings grow 8% in the first half Argentina
Total catches reach 486,678 tons in the first half of the year driven by shrimp and hake, compensating for the decline recorded in the squid fishery.
Declared landings by the national fishing fleet r...
Copyright 1995 - 2026 Seafood Media Group Ltd.| All Rights Reserved. DISCLAIMER