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Other Media | WorldFishing: Russia’s seafood industry tightens its belt

RUSSIAN FEDERATION
Wednesday, December 04, 2024

In the first-half of 2024, the combined profit of fishing, fish processing and aquaculture companies in Russia decreased by 14.2% to RUB 60.2 billion (approximate US$550 million), according to a new study from the Russian Association of the Fishing Fleet Shipowners.

While the entire Russian economy is generally not faring well this year, with estimates made by the Russian state statistical service Rosstat finding the net profit of firms decreased by an average 1.8% in the first six months, the seafood industry ranks among the worst financial performers. Indeed, fishing industry union VARPE has calculated that nearly every second Russian fishing company was loss-making in the period.

Source: Worldfishing l Read the full article here 

 


IN BRIEF - Vietnamese Tilapia Production Accelerates, Opening Up Room for Upgrading Product Structure

VIET NAM
Thursday, June 04, 2026

In the first four months of 2026, Vietnam's tilapia exports reached US$49 million, a 151% increase compared to the same period in 2025. This impressive growth reflects positive signs for the industry, with Brazil emerging as a major contributor to this boom, and frozen fillets continuing to play a key role.

Frozen Fillets Dominate Export Structure

In terms of product lines, frozen tilapia fillets (HS code 0304) accounted for over 80% of the total export value of the entire industry during this four-month period. Frozen whole fish (HS code 0303) ranked second with a significantly lower share, while value-added products (HS code 16) made almost no significant contribution. This high concentration on frozen fillets is partly driven by the breakthrough in Brazil, causing figures to deviate from the more diverse demands of other markets.

The data indicates that Vietnam's tilapia exports are entering a strong growth phase, led by Brazil and the frozen fillet group. While this concentration reflects the current advantage of Vietnamese businesses in quickly fulfilling large orders, it also highlights an opportunity to diversify into more value-added product lines moving forward.


IN BRIEF - Asian Demand Sparks Surge in Vietnam’s Squid and Octopus Exports

VIET NAM
Thursday, June 04, 2026

Vietnam’s squid and octopus exports are rebounding strongly in early 2026, driven by booming demand in key Asian markets.

According to Ms. Nguyen Ha from the Vietnam Association of Seafood Exporters and Producers (VASEP), export turnover for this product group reached US$232 million in the first four months of 2026, marking a 16% increase compared to the same period in 2025.

This growth comes despite global challenges, including unstable seafood demand, rising input costs, and increasingly stringent traceability and quality control requirements.

South Korea Anchors Growth

South Korea has solidified its position as the top destination for Vietnamese cephalopods:

  • Export Turnover: Reached US$87 million, accounting for 37% of Vietnam's total squid and octopus exports.
  • Growth: A 17% increase year-on-year, contributing an additional US$12 million in value.

While South Korea acts as a stable "market anchor" due to compatible consumer preferences and familiar import systems, experts warn that heavy reliance on a single market remains a long-term risk for Vietnamese businesses.


Other Media | MundoAcuicola: Chilean Salmon Industry Expresses Concern Over Proposed 12.5% ​​Tariff in the U.S.

CHILE
Thursday, June 04, 2026

The industry warned that the measure, currently under public comment in the United States, could affect the competitiveness of Chilean salmon in one of its main export markets and exacerbate the impact of existing tariffs.
 
SalmonChile expressed its concern regarding the proposal by the Office of the United States Trade Representative (USTR) to apply a 12.5% ??tariff to Chilean exports. This measure is part of a public comment process initiated following an investigation into the importation of goods produced using forced labor.
 
Source: MundoAcuicola | Read the full article here

Other Media | Ind Pesqueras: Fedepesca Welcomes EU Guidelines to Facilitate the Application of Regulations on Packaging and Packaging Waste - Fede

SPAIN
Thursday, June 04, 2026

Fedepesca, the association of fish retailers, welcomes the European Commission's guidelines to facilitate the uniform application of Regulation (EU) 2025/40 on packaging and packaging waste, in force since February 11, 2025, and directly applicable in all Member States from August 12, 2026.
 
In their view, these guidelines contribute to simplifying compliance for economic operators and represent "a significant step forward by providing interpretative clarity and reinforcing an approach in line with the reality of micro-enterprises." This progress comes at a time when packaging regulations have generated concern among local businesses in recent years, especially following the approval in Spain of Royal Decree 1055/2022 and its subsequent interpretative criteria. 
 
Source: Industrias Pesqueras | Read the full article here

Other Media | Fish Focus: Aquafuture Spain presents its fourth edition

SPAIN
Thursday, June 04, 2026

Aquafuture Spain presents its fourth edition, which will bring together more than 200 companies from the aquaculture industry in Vigo. 

The International Aquaculture Industry Exhibition will be held from May 18 to 20, 2027 at the IFEVI exhibition centre in Vigo. • The fair reinforces its position as the leading professional aquaculture event in Southern Europe and the only one of its kind in Spain. Vigo, June 2026

Aquafuture Spain has begun marketing and promoting its fourth edition, which will take place from May 18 to 20, 2027 at the Vigo Trade Fair Institute (IFEVI).The International Aquaculture Industry Exhibition will once again transform Vigo into the premier meeting point for companies, institutions, technology centres, and professionals linked to aquaculture worldwide.

Source: Fish Focus  | Read the full article here


Other Media | fishfarmingexpert: Nasdaq listing gives BioMar almost 11,000 new shareholders

DENMARK
Thursday, June 04, 2026

Aquafeed producer BioMar has revealed that it now has 10,800 new shareholders after listing on the Nasdaq Denmark electronic stock exchange last week.

The first day of trading was marked by a bell-ringing ceremony at BioMar’s headquarters in Aarhus, Denmark, attended by employees, management, financial advisors, collaboration partners, and media representatives.

BioMar chief executive Carlos Diaz, chief financial officer Claus Eskildsen, the chair of the board Jens Bjerg Sørensen and Nasdaq all gave speeches, and more than 2,000 BioMar employees worldwide were able to follow the ceremony through a global live broadcast.

Source: fishfarmingexpert  | Read the full article here


Other Media | Fish Farmer: Kaldvik and Kingfish Company in Oslo Stock Exchange rule breaches

NORWAY
Thursday, June 04, 2026

Two leading fish farming companies have been placed in the Oslo Stock Exchange “Penalty Bench”, with immediate effect, for breaching the Exchange’s rules on disclosures.

The two companies concerned are Netherlands-based yellowtail farmer The Kingfish Company and the troubled Icelandic salmon farmer Kaldvik.

In the case of the Kingfish Company, Euronext Oslo Børs said the decision was taken due to the company’s failure to comply with a Euronext Growth Oslo Rule Book section regarding disclosure of the annual report.

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


IN BRIEF - Experts in Bilbao Analyze the Impact of Illegal Fishing on the Tuna Value Chain

SPAIN
Wednesday, June 03, 2026

To mark the International Day for the Fight against IUU (Illegal, Unreported and Unregulated) Fishing, celebrated every June 5th, the Bermeo Tuna association will host a round-table discussion open to the public next Thursday, June 4th, under the title:

"Impact of IUU Fishing on the Tuna Value Chain: From Traceability to Nutrition."

The event will take place at 1:00 PM at the Itsasmuseum in Bilbao, following the Bermeo Tuna General Assembly. It will bring together scientific and technological experts to analyze the impact of illegal fishing on ocean sustainability, food safety, the traceability of seafood products, and the competitiveness of the sector.

Participants will include:

  • Sara Arranz, researcher at AZTI and nutrition expert.
  • Sergio Gallastegi, CEO of Code Contract.
  • Rogelio Pozo, CEO of AZTI, who will act as the moderator.

During the session, key topics will be addressed, such as the role of tuna in a healthy and sustainable diet, the importance of traceability in guaranteeing consumer trust, and the challenges posed by implementing the European CATCH system to strengthen control over seafood imports and combat illegal fishing.


IN BRIEF - Chilean Salmon Supply Growth Remains Limited

CHILE
Wednesday, June 03, 2026

Chile’s salmon industry is facing constraints as total biomass and key metrics continue to decline. According to data from Aquabench, the country's total salmon biomass fell to 434,600 tons by the end of April, marking a 4.9% year-on-year drop.

The number of salmon in stock dipped by 1.9% to 184.7 million, while the average body weight decreased 3.3% to 2.35 kg. Future supply growth also looks tight, as fry releases fell 2% year-on-year to 16 million in April.

Despite these constraints, Chilean salmon harvests in April managed a 3% year-on-year increase, reaching 61,700 tons, driven by higher harvest volumes even as average weights fell 1.6% to around 5 kg.

Meanwhile, the vital Brazilian market—which generates over US$800 million in annual trade for Chile—experienced a sharp price correction in week 22. Prices had previously spiked due to shipping delays caused by the Chilean Navy Day holiday. However, as logistics normalized and supply flooded back, export prices to Brazil fell significantly, directly impacting Chilean exporters.


Other Media | La Voz de Galicia: Spain plans to ban fishing in the Cantabrian Sea to protect cetaceans, turtles, and seabirds

SPAIN
Wednesday, June 03, 2026

During the three years since their implementation, the Galician coast and those of other Cantabrian communities have been exempt from the fishing bans implemented to protect dolphins in French Atlantic waters, which also affected Spanish-flagged and Spanish-owned fishing vessels. Now, Galician fishing guilds and the Galician regional government (Xunta de Galicia) are rejecting the proposal by the Ministry of Agriculture, Fisheries and Food to impose acoustic deterrents (pingers) on small-scale fishing vessels operating around Sálvora or west of Ons or the Cíes Islands to prevent the accidental capture of porpoises. While awaiting the outcome of this new regulation, the Ministry for Ecological Transition and the Demographic Challenge has prepared a draft royal decree 
 
Source: La Voz de Galicia | Read the full article here

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IN BRIEF - Vietnamese Tilapia Production Accelerates, Opening Up Room for Upgrading Product Structure
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Other Media | fishfarmingexpert: Nasdaq listing gives BioMar almost 11,000 new shareholders
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