US-Ecuador Reciprocal Trade Agreement Nears Signing; Tariff Relief Could Cover About Half of Exports

Ecuador and the United States are nearing a Reciprocal Trade Agreement (ART) that would exempt roughly half of Ecuador's exports from tariffs, according to statements by Ecuadorian President Daniel Noboa last week.

In a radio interview, Noboa said a deal would be signed “in a few days” that would remove additional tariffs on 50% of Ecuador’s exports.

The Office of the US Trade Representative (USTR) announced last week that it wrapped ART negotiations with an Ecuadorian delegation on February 13, with a deal expected...

Keyport Hires GAPP CEO Craig Morris as President, Bolsters Leadership to Boost Brand Expansion

Craig Morris, CEO of Seattle-based Genuine Alaska Pollock Producers (GAPP), has been recruited by Edmonds, WA-based Keyport LLC, a processor and supplier of wholesale wild-caught crab and frozen seafood, according to announcements from both groups yesterday. 

Morris's hiring strengthens Keyport's leadership team during an era of accelerated growth.  

CEO Mark Pedersen and COO Kurt Pedersen will focus on partnerships, supply and harvest relationships, and building the next chapter of Keyport as the company approaches its 30-year milestone in 2027...

Beaver Street Fisheries Reimagines Brand Identity

Beaver Street Fisheries has announced its transformation into BSF, a move that mirrors the company's dynamic evolution into a globally connected powerhouse within the seafood sourcing and distribution industry. This rebrand not only symbolizes its widespread reach but reinforces its steadfast commitment to serving retail and foodservice customers across the United States with unparalleled reliability and expertise.

Originally founded as a family-operated business by the Port of Jacksonville, BSF has witnessed remarkable growth, crafting a network that now spans 52 countries. This expansion reflects its adaptation to the complexities of the...

Trident Seafoods Celebrates Jim McManus’s Legacy and Welcomes Mike Quinn Back to the Board

Trident Seafoods is honoring the remarkable career of longtime board member and industry stalwart Jim McManus, who is retiring after decades of dedicated service to both the company and the fishing industry. His contributions have been pivotal in expanding Trident’s catcher fleet and enhancing collaboration among Alaska fisheries.

Jim McManus’s journey is one of resilience and dedication, tracing back to his upbringing in maritime communities. Born on a family farm in Idaho and raised in Seattle’s historic fishing...

Biosort Secures NOK 100 Million to Transform Salmon Farming with Advanced Lice Control Technology

Innovation in salmon farming is set to take a leap forward as Biosort secures over NOK 100 million from a consortium of notable aquaculture and technology investors. With contributions from Grieg Kapital, Hatch Blue, IVC, Farvatn, and Futurum Ventures, alongside existing owners, the funding aims to propel the commercial launch of Biosort's cutting-edge lice control system.

Biosort's new technology targets lice at early stages, curtailing population surges and minimizing the need for traditional pen treatments. "This funding bridges the...

GAPP Seeks Market Research Proposals for Surimi Market Assessment in India

The Association of Genuine Alaska Pollock Producers (GAPP), who for years have been looking at India as a possible market for Alaska pollock surimi,  took an important step today by issuing a Request for Proposals (RFP) to study the potential market for Wild Alaska Pollock surimi in the sub-continent.   

The research, which is funded in part by the USDA Foreign Agricultural Service’s Emerging Markets Program and partly by industry funds, will identify both barriers and opportunities for the consumption of surimi seafood made from Alaska pollock...

US Department of Commerce Issues Final Antidumping Duty Results for Thai and Vietnamese Shrimp

In recent days, the US Department of Commerce (Commerce) released the final results of its 19th administrative reviews of antidumping duty orders on frozen warmwater shrimp imported from Thailand and Vietnam. The review period covered imports from February 1, 2023, through January 31, 2024, according to Federal Register notices issued on February 20 and 23.

These dumping margins determine the final antidumping duties owed on shipments during the period of review and establish cash deposit rates that will apply to...

Vietnam Tops China's Lobster Imports as Tariffs Shift Market Share

Vietnam has seen strong growth in lobster exports to China, with the Vietnam Association of Seafood Exporters and Producers (VASEP) attributing the surge to increased demand from higher-income shoppers.

According to a February 21 VASEP update, China’s lobster imports reached 69,774 metric tons (MT) in 2025, up nearly 9,000 MT from the previous year and marking the highest volume in five years, based on Chinese Customs data.

This growth propelled Vietnam to become China’s top lobster supplier, surpassing Canada, which faced a 25% tariff that contributed to a 15%...

Thai Union Feedmill Signs MOU With Bangladeshi Partners to Transfer Aquaculture Tech, Boost Exports

Thai Union Feedmill Public Company Limited (TFM) has signed a memorandum of understanding with Bangladeshi partners to transfer Thai aquaculture technologies and standards to Bangladesh, the company said Feb. 10.

The collaboration, announced at a signing ceremony in Bangkok, will focus on upgrading production and market access for high‑value species, including whiteleg shrimp, black tiger shrimp, giant freshwater prawn and barramundi. TFM said the agreement covers technology transfer, knowledge sharing, innovation and the adoption of Thailand’s aquaculture standards to help Bangladeshi producers meet global benchmarks...

ANALYSIS: Central & South American Mahi Season Tracking Another Structurally Tight Year

The 2025–2026 Central and South American (C&SA) mahi season is now five months underway, and production trends point to another constrained year. Landings from Peru and Ecuador have yet to show meaningful recovery, leaving raw material availability limited and replacement costs elevated from the outset. The market is increasingly resembling last season, which closed with historically low US import volumes and sustained price strength across the frozen complex...

The Retail Rundown: Winter’s Grip Lingers as Lent Lifts Seafood Features

As the last week of February winds down, retailers are eager to move beyond the month’s typical slowdown and pivot toward spring. Still, harsh winter weather, including a recent blizzard in the Northeast, has kept many shoppers in stock-up mode, with warmer days feeling distant for some.

Feature activity remains solid across the protein complex. Seafood commands 33% of total ad space, followed by pork at 22%. Beef accounts for about 20%, while chicken represents just over 15%. Egg promotions rose to 6%, up 2 points week-over-week...

Aquaculture Innovation Zone to Debut at Seafood Expo Global 2026

Seafood Expo Global is about two months away, and the 2026 edition will feature a new Aquaculture Innovation Zone home to exhibitors showcasing the future of aquaculture innovations and services.

The event, taking place from April 21-23, was described as a “launchpad” for state of the art aquaculture solutions. New companies in the new area include Apollonia Trade (Hong Kong), AquaBioTech Group (Malta), Bioceanor (France), Hishing Smart Equipment (China), Lice Defence AS (Norway), and Sagar Aquaculture (India). More companies are expected to be announced as confirmations roll in prior...

Salmon Evolution Scaling Up to a 2.8 Million Smolt Release in 2026 at Indre Harøy

Salmon Evolution’s Q4 financial results reflect revenues of 98.7 NOKm ($10.3 million) and a group EBITDA of -8.4 NOKm (-$878,226), following harvest of 1,203 tonnes HOG. Net of ramp-up costs in relation to phase 2, farming operations were breakeven in the quarter. 

High supply growth costs in late 2025 continued to pressure market prices. 

“While the quarter was affected by pressure on market prices, the underlying financial development was in line with our expectations,” said Trond Håkon Schaug-Pettersen, CEO of Salmon...

US Trade Policy Shifts After IEEPA Loss; Seafood, Rice Targeted in Section 301 Investigations

US Trade Representative Jamieson Greer said the Supreme Court’s ruling against President Trump’s use of the International Economic Emergency Powers Act (IEEPA) affects only “one element” of the administration’s trade strategy.

Greer added that the administration remains committed to implementing Trump’s trade policy, noting it was one of his core campaign messages. The administration has warned for months that if courts struck down Trump’s reciprocal tariffs, he would use “alternative tools.”

One of those tools will be to launch...

Cargill Intends to Sell Louisiana Aqua Feed Plant to Bowers-Saha Nutrition

Cargill Animal Nutrition & Health plans to sell its Franklinton, Louisiana aqua feed plant to Bowers-Saha Nutrition, a long-term partner and customer.

The Texas Gulf Coast-based, family-owned seafood producer, and a leading US farm-raised supplier of hybrid striped bass, red drum, and Pacific white shrimp, will keep the facility running with the same management team and Cargill’s rations, Cargill said.

“We know how important consistency, reliability, and performance are to our customers,” said Reed Bowers, CEO of Bowers-Saha. 

Subtle Change in Leadership at Maruha Nichiro as Umios Rebrand Looms

It’s been nearly a year since Maruha Nichiro Corporation announced a new name and corporate brand to the nearly 150-year old fishing, aquaculture and processing company, and today announced two promotions at the top of the corporation.  

Daisuke Yasuda, who currently serves as Director and Senior Managing Executive Officer, has been appointed as the new Representative Director, President (COO), while Masaru Ikemi will assume the role of Representative Director, Chairman (CEO)...

Dutch Seafood Trader Dayseaday Expands into Pet Food Market with PetsFish Partnership

Dutch seafood trader Dayseaday acquired a 50% stake in PetsFish B.V., a pet food producer also based in the Netherlands.

Dayseaday announced in its February 19 LinkedIn post that PetsFish will officially fall under the Dayseaday Group umbrella.

The company said PetsFish has spent recent years building up a foundation and “standing out with a clear concept, quality products, and a loyal customer base...