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ANALYSIS: Live Lobster Faces Post-Holiday Demand Lull as Maine Supply Steps Up

The live lobster market is entering its next seasonal transition as Canadian spring production tapers off and Maine landings continue to build. Holiday demand provided the expected support through early summer, but buying interest has faded following July 4. Sales have become harder to secure, with buyers focusing on short-term and weekend needs rather than building inventory. Lower Canadian offers continue to surface while improving Maine landings add to the softer tone.

This softer demand pattern is typical for midsummer, though broader consumer pressures are reinforcing...

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ANALYSIS: US Frozen Scallop Prices Hit Record Highs as Tariffs and Tight Supply Squeeze Imports

Total frozen scallop imports into the US are down 48.9% year-to-date in 2026, falling from 27.5 million pounds to just 14.1 million pounds. The headline decline is heavily influenced by the front-loading that inflated Q1 2025 — importers aggressively accelerated shipments ahead of tariff implementation, creating an artificially elevated baseline. As the year progresses and both periods fall within a tariff environment, the year-over-year comparisons begin to...

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UK Seafood Awards Open Nominations, Add Fishmonger and Producer Categories

The UK’s leading fish farmers and sustainable fishmongers are being invited to throw their hats in the ring as nominations open today for the country’s foremost seafood awards.

Now in their 13th year and run jointly by the Marine Stewardship Council (MSC) UK and Aquaculture Stewardship Council (ASC) UK, the annual awards have added two new categories to recognise important roles in the growing market for certified seafood. The MSC UK Fishmonger of the Year award is open to any business, large or small...

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Ecuador's Shrimp Sector Targets Electrification as CNA and Government Sign Energy MOU

Ecuador's National Chamber of Aquaculture (CNA) and the Ministry of Environment and Energy (MAE) have signed a Memorandum of Understanding to accelerate the electrification of the country's shrimp farming sector — an industry where 90% of operations still run on diesel, according to the CNA.

The agreement, developed over more than six months of technical working groups involving the CNA, the Export and Investment Promotion Corporation (Corpei), the Sustainable Shrimp Partnership (SSP), the MAE, Arconel, and CNEL, establishes a roadmap of 16 strategic actions structured around...

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Proximar Seafood Pursues Convertible Bond and Launches Strategic Review as It Eyes Profit

Proximar Seafood, the Norwegian land-based salmon farmer operating at the foot of Mount Fuji in Japan, is planning a private placement of a convertible bond with a minimum initial tranche of NOK 100 million and has initiated a strategic review with the engagement of Japanese investment bank Nomura International, the company announced on July 10.

The convertible bond — structured with a July 2029 maturity and a conversion price of NOK 0.60 per share — will comprise at least NOK 75 million in new subscriptions and NOK 25...

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EU Extends US Seafood Catch Certificate Deadline Following Months of Industry Pressure

The European Union has granted an extension of flexibilities for US seafood export catch certificate requirements through November 30, 2026, providing American exporters a reprieve from a July 10 compliance deadline that industry groups warned could effectively block Alaska seafood from European markets.

The National Fisheries Institute (NFI) applauded the announcement on July 9, thanking President Trump, Commerce Secretary Lutnick, and NOAA staff for their advocacy on behalf of the US seafood sector. "This extension provides much-needed certainty for American exporters while NOAA...

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Peru Raises Giant Squid Catch Limit to 589,230 MT as Season Approaches Capacity

Peru's Ministry of Production (PRODUCE) has raised the Maximum Allowable Total Catch Limit (LMCTP) for giant squid — also known as jumbo squid or pota — from 539,230 MT to 589,230 MT for 2026, citing the latest scientific advice from the Peruvian Marine Institute (IMARPE). The measure was approved under Ministerial Resolution No. 00191-2026-PRODUCE and published in the official gazette El Peruano on July 4.

The revision was triggered by accumulated catches reaching 95.44% of the previous limit. For the remainder of the season...

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Deepening Fuel Crisis in Russia May Threaten Fish Production and Processing Sectors

Russia's fish sector may face serious near-term disruption as the country's fuel and gasoline shortage continues to worsen.

Ukrainian armed forces recently struck the Omsk refinery — Russia's largest, located more than 2,000 km from the front line. The attack is the latest in a series of strikes on Russian refining infrastructure that have forced facilities across the country to reduce output, contributing to a growing fuel shortage with direct consequences for the fish industry...

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FFAW Renews Push for Commercial Mackerel Reopening after DFO Maintains Closure

The Fish, Food and Allied Workers (FFAW-Unifor) is ramping up pressure on the federal government to revisit its 2026 Atlantic mackerel management decision, arguing that the latest stock assessment and conditions on the water no longer justify keeping the commercial fishery closed.

The call comes after Fisheries and Oceans Canada (DFO) released its latest science assessment, which found Atlantic mackerel biomass increased by nearly 50 per cent over the past year. Despite the improvement, the stock remains in the critical zone under Canada's rebuilding...

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