The US based salmon company AquaBounty Technologies has reported a near two-thirds reduction in losses during the third quarter this year – and it appears to be holding on to the possibility that its mothballed farm site in Ohio could be revived.
The company’s net loss for the three months ended 30 September was US $1.4 million (just over £1m) against US $3.4 million (£2.5m) in the same period a year ago. Included in the net loss for the current period was a non-cash asset impairment charge of $69,000 related to certain equipment ("Ohio equipment assets") originally intended for the company’s farm in Pioneer, Ohio.
The cash and cash equivalents totalled $951,000 as of September 30, 2025, as compared to $230,000 at the end of last year. Earlier this year, AquaBounty sold off by auction most of the equipment that had been intended for deployment at the Pioneer site.
Author: Vince McDonagh / Fish Farmer | Read the full article here
The GDP of the fishing sector grew by 6.4% in September 2025, according to the Ministry of Production (PRODUCE). The total volume of fish landings reached 141.4 thousand metric tons (MT), an impressive 70.9% increase compared to the same month in 2024.
Minister César Quispe Luján highlighted that the sector's contribution exceeded S/ 242 million. This positive boost is attributed to Direct Human Consumption (DHC), where landings surged by 72.2%.
The increase in DHC was notable across the industry:
Frozen:+152.8 %
Canned:+34.8 %
Fresh:+11.8 %
Key species driving this growth were jumbo squid (+5620.7 %), bonito (+36.7 %), and shrimp/prawns (+37.5 %).
Note: There were no landings for Indirect Human Consumption (IHC) due to the an
Union Negotiations Set Wage Hikes and Key Price of $0.86 USD per Kilo
RAWSON, CHUBUT—After months of intense negotiations, the shrimp (langostino) fishing season in Chubut waters is officially cleared to begin. The Chubut Yellow Fleet Chamber (CAFACH) and the United Maritime Workers' Union (SOMU) signed the salary agreement this Wednesday, providing certainty for the start of the harvest (zafra), according to Revista Puerto.
The agreement guarantees a 20% increase in the base salary and fixed benefits for maritime workers.
Regarding the raw product, a key price per kilogram of shimp was established:
Start of Season:$1,250 pesos per kilo, equivalent to approximately $0.86 USD/kg (for 17-kilogram crates).
Starting in January: The value will be adjusted to $1,300 pesos, or approximately $0.89 USD/kg.
A crucial detail of the deal is that 70% of the amount received by each worker will be classified as non-remunerative until March 30, 2026.
With the agreement now signed, the fishing season will launch as soon as weather conditions permit, starting with the exploratory phase (prospección) before opening the commercial fishery to the entire coastal and artisanal fleet.
Iran's farmed shrimp production is projected to hit 50,000 metric tons (mt) this year, marking a 20% increase from the 40,000 mt recorded in 2024, according to Mehrdad Mohammadi Doust, a senior official at the Iranian Fisheries Organization.
This significant growth is fueled by a major boom in the country's fishery sector, driven by rising export demand. The total shrimp farming area has expanded to over 16,000 hectares. The primary production centers are the southern provinces of Hormozgan and Bushehr and the northern province of Golestan.
A large majority of Iran's shrimp is exported, providing a vital source of hard currency as the nation works to diversify its economy away from oil. China is the largest purchaser, accounting for over 50% of exports. Other key markets include Russia, the UAE, Qatar, and Oman.
Overall, Iranian fisheries exports have reached 0.3 million mt, generating an annual revenue of $700 million.
The U.S. and South Korea have reached a trade deal that will reduce tariffs on the Asian nation from 25 percent to 15 percent, both countries announced on 29 October.
U.S. President Donald Trump initially threatened the 25 percent tariff in July, with a start date of 1 August. Since that time, all goods from the country – including seafood – have been subject to the duty.
Those tariffs are being reduced as South Korea and the U.S. have signed a memorandum of understanding (MoU) regarding technology to “enable collaboration toward joint opportunities of mutual interest in strategic science and technology disciplines.” Alongside the MoU, the U.S. announced that South Korea and Japan have signed a technology prosperity deals with the U.S.
Author: Chris Chase / SeafoodSource | Read the full article here
The Ministry of Agriculture and Rural Development (AGRICULTURA), through the National Commission of Aquaculture and Fisheries (Conapesca), has announced the extension of the fishing ban for all species of shrimp in marine waters spanning from Tamaulipas to Veracruz. The measure is now extended until November 10, 2025.
The provision, published in the Official Gazette of the Federation (DOF), aims to promote the sustainable use of aquatic resources. This regulation is essential for ordering fishing activities and ensuring the protection of marine flora and fauna.
The decision to extend the ban is based on the technical opinion issued by the Mexican Institute for Research in Sustainable Fisheries and Aquaculture (IMIPAS), ensuring the management scheme is grounded in scientific criteria for conservation of the species.
Musandam Global Investment Company (MGIC) has launched its newest branch, MP World, marking a strategic push to position the Musandam Governorate as a leading maritime gateway. The initiative was immediately cemented by the signing of a pivotal 10-year agreement to develop and operate the Khasab Fishery Port.
The deal, which signals a new era for sustainable development in the region, was signed by Dr. Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources, and Raed al Shehhi, Chairman of MGIC. The Khasab Fishery Port will be exclusively dedicated to advancing Oman's fisheries infrastructure and supporting the nation's growing blue economy.
MGIC, a publicly listed company with deep local roots—boasting 1,885 shareholders from Musandam—is already a key driver of regional prosperity. Its portfolio includes major projects like the Tilal Al Nakheel residential development and the pioneering Musandam Drydock and Marine Industries. MGIC is also innovating in sustainable energy with a pilot project for Airborne Wind Energy (AWE).
While the Khasab facility will focus solely on fisheries, the creation of MP World provides a broader mandate to manage and operate various commercial, industrial, and logistics ports. This expansion aims to blend local insight with international expertise to achieve world-class standards in operational excellence, reinforcing Musandam’s strategic role in global trade and logistics.
The European consortium—with the University of Vigo and Zabala Innovation among its 11 partners—is completing key designs for turbomachinery, heat recovery systems, and digital twins, and making progress in safety and sustainability for operating with green H2, ammonia, methanol, or methane. MARPOWER
The European project MARPOWER (Efficient zero-emissions gas turbine POWER system for MARitime transport) concluded its first year with tangible results that bring it closer to its goal: a new generation energy conversion system for ships, based on a zero-emission gas turbine and ready for sustainable fuels. The initiative, funded by the European Union aims to substantially reduce the climate footprint of maritime transport
The Galician Government (Xunta) is advancing in the implementation of the voluntary carbon market in Galicia to offset emissions with projects that reduce or absorb CO2.
The Official Gazette of Galicia (DOG) published this Wednesday the Decree regulating the first voluntary carbon credit system in Galicia, an initiative that will be available to companies, entities, organizations, and citizens so they can offset their greenhouse gas (GHG) emissions by purchasing credits generated by projects capable of avoiding or capturing CO2.
This initiative, which will operate similarly to a virtual marketplace, seeks to connect promoters of carbon credit-generating activities with potential buyers interested in acquiring them voluntarily, regardless of whether or not they have a legal obligation to offset emissions.
Source: iPac.aquaculture | Read the full article here
Europêche welcomes the political agreement by EU fisheries ministers on the 2026 catch limits for key Baltic Sea fish stocks. The sector particularly recognises that the final Council agreement represents a major improvement compared to the initial European Commission proposal, which would have resulted in the closure of many fishing companies across the Baltic region. The decision more effectively balances environmental sustainability with socioeconomic realities in setting Total Allowable Catches (TACs).
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The company’s net loss for the three months ended 30 September was US $1.4 million (just over £1m) against US $3.4 million (£2.5m) in the same period a year ago. Included in the net loss for the current period was a non-cash asset impairment charge of $69,000 related to certain equipment ("Ohio equipment assets") originally intended for the company’s farm in Pioneer, Ohio.
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IRAN
SOUTH KOREA
The U.S. and South Korea have reached a trade deal that will reduce tariffs on the Asian nation from 25 percent to 15 percent, both countries announced on 29 October.
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NETHERLANDS
The European consortium—with the University of Vigo and Zabala Innovation among its 11 partners—is completing key designs for turbomachinery, heat recovery systems, and digital twins, and making progress in safety and sustainability for operating with green H2, ammonia, methanol, or methane. MARPOWER
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The Official Gazette of Galicia (DOG) published this Wednesday the Decree regulating the first voluntary carbon credit system in Galicia, an initiative that will be available to companies, entities, organizations, and citizens so they can offset their greenhouse gas (GHG) emissions by purchasing credits generated by projects capable of avoiding or capturing CO2.
EUROPEAN UNION
