Newfoundland and Labrador Seafood Sector Valued at C$2.11bn in 2025

Contact

Expana
P.O. Box 389
Toms River, NJ 08754
1-732-240-5330

Editorial

Jamie Chadwick
Managing Editor
1001 Corporate Circle
Toms River, NJ 08755
Voice: 732-575-1983
jamie.chadwick
@expanamarkets.com

Ryan Doyle
Editor
SeafoodNews.com
1001 Corporate Circle
Toms River, NJ 08755
ryan.doyle
@expanamarkets.com

Susan Chambers
Associate Editor
SeafoodNews.com
Voice: 541-297-2875
susan.chambers
@expanamarkets.com

Peggy Parker
Science and Sustainability Editor
PO Box 872
Deming, WA 98244
Voice: 360-592-3116
peggy.parker
@expanamarkets.com

John Sackton
Contributor
8 White Pine Lane
Lexington, MA 02421
Voice: 617-308-0776
[email protected]

Support and Questions
1-800-443-5330
[email protected]

Subscription Info
1-800-932-0617
[email protected]

Terms

License Agreement

Newfoundland and Labrador’s seafood industry generated a combined market value of C$2.11 billion in 2025, with the wild fisheries and aquaculture sectors continuing to underpin the province’s economy, according to newly released data.

"Our seafood industry continues to be a major economic driver for Newfoundland and Labrador, supporting workers, families and communities throughout the province," said Minister of Fisheries and Aquaculture Loyola O’Driscoll. "Surpassing $2 billion in market value is a significant milestone that reflects the strength of our local fishing...

To Read Full Story Login Below.

Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.

Submit comment or question

This comment will be posted using your screen name:

Submit Notification

Comment Policy: SeafoodNews.com and Urner Barry have made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive Comments, or comments deemed not relevant to the story will be removed, and if necessary, SeafoodNews.com and Urner Barry may restrict the right of individual subscribers to offer comments. IN all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by SeafoodNews.com and Urner Barry.

ANALYSIS: May US Shrimp Imports Land at Low End of Model Range as June Estimates Point Higher

May official US shrimp imports came in at 152.9 million lbs., at the low end of the revised model range of 151.1–170.9M lbs. published in the June 22nd edition, and close to the original mid-estimate of 150.5M lbs. The original estimate proved the closer call; the subsequent revision pushed higher than the data ultimately supported, though the directional read was correct. May landed within the published range, which reflects the margin of error each estimate carries...

Full Story »

ANALYSIS: US Sockeye Prices Hold Firm as Reports of Increased Freezing Surface

Prices for fresh wild sockeye H&G have held firm through the 2026 season, establishing a year-over-year premium that has become one of the more notable storylines of this year's Bristol Bay campaign. As of mid-July 2026, pricing carries an average of $7.625/lb, compared to an average of approximately $5.90/lb at the same point last year — a spread of roughly $1.70/lb or approximately +29% year-over-year.

What makes this year particularly notable is the shape of the pricing curve, not just the absolute levels. In 2025, the season...

Full Story »

Russian Seafood Escapes EU's 21st Sanctions Package as Fish Measures Dropped in Final Deal

The European Union has finalized its 21st package of sanctions against Russia — but without the fish. A proposed ban on Russian seafood imports, touted as a historic first when the package was unveiled in June, was dropped from the final agreement after sustained resistance from member states with significant seafood processing industries.

EU countries clinched the deal on Thursday after weeks of fractious negotiations, resolving the final sticking point, a dispute over Russian gas transit, by granting Greece a limited exemption for gas contracts...

Full Story »

De Heus Opens Vietnam Cold-Water Fish Feed Mill

De Heus Animal Nutrition has opened a new marine and cold-water fish feed mill in Vinh Long Province, Vietnam. It is the De Heus' first facility dedicated exclusively to cold-water fish feed production, the company stated. Its annual production capacity will amount to 84,000 MT.

According to De Heus, the facility will serve both domestic Vietnamese producers and international markets. It will cater to growing opportunities in marine aquaculture for species including sea bass and barramundi destined for regional and export markets.

Full Story »

WA and OR Legislators and Industry Respond to Sudden Loss of BPA Funding for Columbia River Hatchery

State and federal lawmakers are joining industry to object to the Bonneville Power Administration's (BPA) June 18 decision to end its $2.4 million annual fund for the Select Area Fisheries Enhancement (SAFE) Program in the Lower Columbia River. The SAFE Program is a collaboration of three partners: the Oregon Department of Fish and Wildlife (ODFW), the Washington Department of Fish and Wildlife (WDFW), and Clatsop County.

Withdrawal of the funds places more than 7 million hatchery salmon currently in production at immediate...

Full Story »

Chile Defines 'Micro-Relocation' in Aquaculture Reform, Unlocking 95 Stalled Concession Requests

Chile's Senate Environment Committee has approved a key definition within the country's sweeping aquaculture reform legislation, establishing the concept of "micro-relocation" for salmon farming concessions and exempting such moves from the country's full environmental impact assessment process.

Under the approved language — put forward by President José Antonio Kast's administration — a micro-relocation is defined as a shift of no more than 350 meters from any vertex of an existing concession, undertaken solely to improve environmental conditions such as water depth and current velocity, which affect the dispersion...

Full Story »

Newfoundland and Labrador Seafood Sector Valued at C$2.11bn in 2025

Full Story »

Nova Scotia Awards C$2.22M to Seafood, Aquaculture Firms for Energy-Efficiency Upgrades

Nova Scotia is providing C$2.22 million to support 20 seafood and aquaculture companies as they invest in technologies aimed at cutting fossil fuel use and greenhouse gas emissions.

The funding marks the third round of support through the Fisheries and Aquaculture Energy Efficiency Innovation Fund, a three-year program administered by Efficiency Nova Scotia. The fund is designed to help companies adopt upgrades ranging from solar panels to hybrid propulsion systems for fishing vessels.

“The seafood sector is a pillar of...

Full Story »

Canadian Seafood Not Targeted by Trump's New 50% US Tariffs

Fish and seafood do not appear in any of the three proclamations President Trump signed on July 20 imposing 50% tariffs on Canadian goods, continuing a pattern of protection that has shielded the sector through each round of the US-Canada trade dispute.

Trump signed three separate proclamations invoking Section 338 of the Tariff Act of 1930, each targeting a specific grievance: discriminatory treatment of US motor vehicles, a near-total ban by Canadian provinces on US alcoholic beverages, and unequal dairy tariff-rate quota access compared to EU producers...

Full Story »

UniSea Faces Proposed $5,859 EPA Penalty for Clean Water Act Violations at Dutch Harbor Facility

UniSea, Inc. faces a proposed $5,859 civil penalty to resolve Clean Water Act violations at its Dutch Harbor, Alaska processing facility, according to a July 20 notice from the US Environmental Protection Agency.

The EPA alleged that UniSea failed to comply with its National Pollutant Discharge Elimination System Multi-Sector General Permit (No. AKR06AC21), which governs discharges of pollutants from the facility into Iliuliuk Harbor, a high-quality receiving water.

According to the expedited settlement agreement, violations fell into two categories...

Full Story »

NOAA Rejects Petition to Expand NA Right Whale Critical Habitat to Mid-Atlantic Migration Corridor

NOAA's National Marine Fisheries Service has rejected a petition that sought to expand critical habitat for the North Atlantic right whale to include a migratory corridor stretching from Maine to Georgia, finding that the petition did not present sufficient scientific information to warrant further review.

The 90-day finding, published in the Federal Register on July 22, was issued in response to a March 2025 petition from Save Long Beach Island, Inc., which asked NMFS to designate inner and outer migratory corridors connecting...

Full Story »

Russia to Accelerate Sardine, Mackerel Catch in Far East as Northeast Atlantic Restrictions Bite

Russia is planning to ramp up catches of Iwashi sardine and mackerel off the southern Kuril Islands this year, a shift driven in part by sweeping new restrictions on its mackerel fishing in the Northeast Atlantic.

Experts at VNIRO, Russia's federal fisheries research institute, say sardine runs in Kuril waters have been delayed this season due to late spawning off the Pacific coast of Japan. Scientists also point to a broader decline in the Pacific sardine population stemming from reduced spawning volumes and...

Full Story »

Brett Doyle Sworn In as USITC Commissioner, Bringing USTR and Capitol Hill Experience

Brett Doyle, a Republican from Connecticut, was sworn in as a Commissioner of the US International Trade Commission (USITC), the agency announced Monday. He was nominated by President Trump on January 29, 2026, and confirmed by the US Senate on July 16, 2026. His term will expire December 16, 2030.

The USITC is responsible for investigating imports alleged to injure domestic industries or violate US intellectual property rights. According to the agency, it provides independent analysis on tariffs, trade and...

Full Story »

ADF&G Accuses Marine Stewardship Council of “Blue Washing” Russian Pollock Management

The London-based Marine Stewardship Council (MSC) has come under fire for its near-certification of the Western Bering Sea pollock fishery, following a formal objection filed by the At-Sea Processors Association in June and a sharply worded letter from Alaska Department of Fish and Game Commissioner Doug Vincent-Lang earlier this month.

"…the MSC's apparent determination to turn a blind eye to bycatch management, overfishing, habitat impacts, and data transparency and deploy your program's eco-label to 'blue wash' Russian seafood in global markets...

Full Story »

Maine Lobster Marketing Collaborative Names New Board Members

The Maine Lobster Marketing Collaborative (MLMC) has appointed seven new representatives to its Board of Directors for the 2026-2027 term, with members representing harvesters, dealers, public stakeholders and state agencies.

Under state law, the board is structured to ensure geographic diversity and broad industry representation. Lobstermen representatives are nominated by Maine's seven Zone Councils, while dealer and public members are nominated by the Lobster Advisory Council before being appointed by Department of Marine Resources Commissioner Carl Wilson.

"We are thrilled to welcome this dynamic group of leaders...

Full Story »

El Niño to Impact Trade? Panama Canal Could Suspend Vessel Bookings, Says Bloomberg

As of July 21, operators at the Panama Canal could curtail some vessel booking slots due to water-supply challenges, reported Bloomberg. Previously, Expana's team flagged this possibility during a June 25 webinar, according to Weather & Crop Researcher, James Tyler. Affected commodities could range from corn and soybeans, to fruit, vegetables, seafood, and more.

On July 7, the Panama Canal Authority (ACP) could reduce the maximum authorized vessel draft for its largest locks to 44 feet by...

Full Story »

Pacific Seafood Confirms Ocean Beauty Merger, Expanding Footprint Across West

Pacific Seafood and Ocean Beauty Seafoods have officially closed the merger of their distribution operations, Pacific Seafood confirmed on July 17, bringing together two of the US West Coast's most established family-owned seafood companies.

The deal closed July 13 and includes most — but not all — of Ocean Beauty's distribution facilities. Specifically, the merger covers Ocean Beauty's operations in Astoria and Portland, Oregon; Boise, Idaho; Dallas, Texas; Helena, Montana; and Renton, Washington. Ocean Beauty's Salt Lake City, Utah, facility was not included in the transaction at the time of closing...

Full Story »

Start Date:
End Date:
	Search Title?
	Search Article?
	Search Tags?