Norwegian aquaculture producer Andfjord Salmon Group notified on October 30 the conditional exercise of the voluntary call option for its senior secured bond ANDF01, with maturity set for 2028.

The completion of the transaction is subject to the final settlement of a new senior secured bond placement of NOK 1,250 million (US$ 115 million), formally closed on October 27.

According to the company, the proceeds from the new issuance will be allocated to fully refinance the existing bond, fund a debt service reserve account, and directly finance Phase 2A buildout at its land-based facility in Kvalnes (Andøya island, Norway), as well as for general corporate purposes.

The full redemption of the ANDF01 bond will be executed once the contractual conditions established under the new financing package are satisfied.

The Norwegian pelagic sales organization Norges Sildesalgslag formalized updated minimum reference auction prices effective Monday, November 2. The adjustment reflects divergent trends across the primary pelagic species landed in the Nordic country.

For Norwegian spring-spawning Atlantic herring (NVG, Clupea harengus) destined for direct human consumption, minimum floor prices across grades from Group 1 to Group 4 fell between 6.3% and 7.5%, while Group 5 remained stable with no change.

In contrast, Atlantic mackerel (Scomber scombrus) weighing 250 grams and above posted an upward trend: its minimum benchmark rose from 9.0288 øre (NOK 0.0903 / US$ 0.0083) to 9.1645 øre (NOK 0.0916 / US$ 0.0084) per gram, representing an increase of approximately 1.5%. Smaller grade sizes and volumes destined for reduction into fishmeal and fish oil remained unchanged.

The revised figures represent mandatory first-sale minimum floor prices rather than spot market transaction prices.

The South Korean trade delegation signs two memorandums of understanding valued at US$ 500,000 to expand its commercial footprint across ASEAN markets.

SINGAPORE — A trade mission comprising seven marine product companies and startups from South Korea's South Gyeongsang (Gyeongnam) province concluded 49 business consultations valued at US$ 12.217 million —approximately KRW 16.3 billion— during a bilateral matchmaking event held on October 28 at the York Hotel Singapore.

The initiative was organized under the official program led by South Korea's Ministry of Oceans and Fisheries and the provincial government, coordinated by the Gyeongnam Technopark Foundation (Gyeongnam TP). During the session, participating companies formalized two memorandums of understanding (MOUs) toward export contracts totaling US$ 500,000 —roughly KRW 670 million—.

The trade mission connected local seafood processors with 13 key Southeast Asian buyers. Featured products included processed fish cakes (eomuk), seafood sauces, semi-dried fish and shellfish, canned craft beer infused with Tongyeong oysters (Crassostrea gigas), value-added flying fish roe (Cheilopogon agoo) and squid (Todarodes pacificus) items, marine-derived bioproducts, and functional konjac jelly made with wakame (Undaria pinnatifida) and kombu (Saccharina japonica).

Licensed Shizuoka fleet launches the autumn fishery under a strict joint operation pool system designed to safeguard marine biomass.

SHIZUOKA — The commercial fishery in Shizuoka Prefecture officially commenced the autumn harvest for Sakura shrimp (Lucensosergia lucens), a deep-sea crustacean known as the "jewel of Suruga Bay," with fishing operations scheduled from October 29 through December 24, 2026.

Suruga Bay accounts for 100% of commercial landings of this species in Japan, operated exclusively by a fleet restricted to 120 licensed vessels distributed across the Yui, Kambara, and Oi River fishing districts.

To safeguard marine resources and prevent overfishing, local vessel owners and fishermen manage operations under a pooled management framework (pool system), conducting joint fishing runs with equal distribution of catch revenues.

The species inhabits depths exceeding 200 meters during the day and migrates to surface layers at night, characterized by approximately 155 bioluminescent photophores across its translucent pink exoskeleton. Autumn landings focus on juvenile "new shrimp" spawned in the summer that have reached roughly 20 mm in length, supplying the local fresh market at Yui Fishing Port and traditional culinary establishments throughout the coastal Shizumae region.

Five Atlantic bluefin tuna (Thunnus thynnus) captured off the Welsh coast have officially gone on sale to the public for the first time, marking a historic milestone for the local seafood sector.

The fishing of bluefin tuna as part of the trial is done using a rod and reel (Image: Welsh Government)

The fish were landed at the port of Milford Haven and transferred for processing to Burry Port. The initiative is part of an innovative commercial-scientific trial established by the Welsh Government to explore sustainable commercial opportunities while monitoring regional marine stocks.

Llyr Gruffydd, Cabinet Minister for Rural Resilience and Sustainability, commended the achievement: "These landings show how our fishers can combine tradition with science to build a sustainable future for bluefin tuna in Wales, and deliver locally caught fish to Welsh consumers. I would like to congratulate everyone involved in this fantastic moment for Welsh fishing."

The tuna was offered directly to local consumers through a walk-in market, while remaining cuts were distributed across the United Kingdom via a specialized home delivery service.

Shipments rise 9% through September as US authorities prepare rapid origin-testing kits under new legislation

According to the Vietnam Association of Seafood Exporters and Importers (VASEP), Vietnam's tuna exports to the United States exceeded $280 million during the first 9 months of the year, marking a 9% increase year-on-year. The U.S. stands as Vietnam's primary export market, absorbing roughly 39% of total shipments. Across all global destinations, Vietnam's tuna export revenue reached approximately $720 million (+6%), supported by $86 million shipped in September alone (+18%). Frozen tuna led product growth, while canned formats showed modest gains.

The export rebound coincides with tighter U.S. regulatory oversight. Following the enactment of the Illegal Fishing of Red Snapper and Tuna Act, the National Oceanic and Atmospheric Administration (NOAA) and the National Institute of Standards and Technology (NIST) are standardizing origin-testing methods, including rapid field inspection kits to verify catches scientifically prior to distribution. VASEP warned that catch documentation and supply-chain transparency are critical to protect market access.

The joint initiative targets high-potential youth startups across the marine and agri-fisheries ecosystems

Global accelerator GenAxis (CEO Son Mi-kyung) partnered with CNT Tech (CEO Jeon Hwa-seong) to finalize the CNT Tech-GenAxis Future Youth Fisheries Investment Fund on the 29th. The fund was established under the Future Youth (AC) sector of the fisheries account within the Agricultural, Forestry, and Fisheries Food Fund of Funds, overseen by the Korea Agricultural Policy Insurance & Finance Corporation.

Serving as co-GPs, both firms will identify, finance, and accelerate youth-led enterprises specializing in fisheries deep tech. This initiative builds upon their prior appointments managing early-stage portfolios for both the Agri-Food Fund of Funds and the Korea Venture Investment Fund of Funds, reinforcing their footprint across early-stage startup financing.

The fund targets ventures demonstrating verified technological advantages, practical field adoption, and viable revenue models. Backed companies will access scaling support via both accelerators' incubation networks, alongside linkage to public-private programs including TIPS and LIPS.

The new logistics and processing hub features 36 rental plants to bolster international trade

The city of Mokpo held an official completion ceremony for the

Scientific review highlights its role in reinforcing gut morphology, immune defense, and gut microbiota in fish and shrimp feeds

A scientific review published in Aquaculture Science and Management by researchers led by Devkant and Kaliyaperumal Sriranjani identifies tributyrin as a promising feed additive to support the transition toward plant-based aquafeeds. The compound addresses nutritional challenges caused by anti-nutritional factors found in alternative ingredients such as soybean meal.

Chemically structured as a glycerol backbone esterified with 3 butyric acid molecules, tributyrin remains stable through the acidic stomach and undergoes controlled enzymatic hydrolysis in the intestine. This steady release supplies essential oxidative energy to enterocytes, strengthens epithelial tight junctions, and selectively improves intestinal microbiota. In Pacific white shrimp (Litopenaeus vannamei), dietary inclusion between 500 and 1,500 mg/kg (0.1% to 0.2%) enhanced growth rates, feed efficiency, and pathogen resistance against Vibrio species.

Controlled opening authorizes up to 20 vessels under strict monitoring and conservation measures

Fisheries and Oceans Canada (DFO) issued fishery notice FN1170, confirming that in-season terminal run-size estimates for Fraser River Chum Salmon (Oncorhynchus keta) indicate sufficient abundance to open commercial purse seine harvesting. The commercial opening applies to Area B Seine across designated sections of Area 29 at the mouth of the Fraser River.

Operations run daily from 07:00 to 19:00 hours on Thursday, October 29 and Friday, October 30, 2026, covering subareas 29-3, 29-4, 29-6, and portions of 29-7, 29-9, and 29-10 in waters no shallower than 45 meters (or 30 meters for shallow seine gear modifications).

The fleet is limited to approximately 20 vessels at any given time, coordinated through the Area B Harvest Committee and the BC Salmon Purse Seine Association. Retention is authorized for Chum Salmon and Pink Salmon (Oncorhynchus gorbuscha), with mandatory non-retention for Sockeye, Coho, Chinook, and Steelhead (