The fact that Norway, the Faroe Islands, and other coastal states, such as Iceland, have been self-allocating quotas for mackerel, blue whiting, and Scandinavian herring for years is beginning to have serious consequences for the EU. The latest assessment by ICES (International Council for the Exploration of the Sea) scientists of the Atlantic mackerel stock includes a proposed 70% cut in the total allowable catch (TAC) of the species and specifically states that the current situation of the stock is due to the fact that over the last 25 years, on average, 39% more than scientific recommendations have been caught each year.
Source: La Voz de Galicia | Read the full article here
Minh Phu surpasses Sao Ta in the land of the rising sun. In the first eight months of 2025, Vietnam’s shrimp exports reached 269,000 tons, up 1% year-on-year, with an estimated export value of USD 2.85 billion, an increase of 20%. White leg shrimp continued to account for the largest share, representing about 78% of total export volume.
In the US market, Vietnam exported 36,000 tons of whiteleg shrimp, down 13.4% in volume but only 1% in value, totalling USD 405 million.
Brussels' proposal to cut fishing funds by 67% has reached its 100th day, leaving a feeling of "total legal uncertainty" in a sector that is bleeding labor-wise and urgently needs support for growth. The EMFF alone has contributed to creating more than 37,000 jobs in the EU27 by 2023 and maintaining another 215,000. These jobs are likely to be complicated if the announced cut is implemented.
This week marked the first 100 days of the latest major blow dealt by the European Commission to the EU fishing sector. The fleet's sense of powerlessness is complete regarding the proposal by Ursula von der Leyen's government, which proposes reducing the specific allocation for fishing by 67% for the next Multiannual Financial Framework (2028-2034). After five years of fighting for a commissioner dedicated exclusively to the interests of the industry and having achieved this—moving from the environmentalist extremism of Virginijus Sinkevicius to the desire for dialogue of Costas Kadis—the sector cannot understand how the EU executive has now presented a cutback that would mean increasing the budget from €6.1 billion to €2 billion
Author: Jorge Garnelo / Faro de Vigo | Read the full article here
Rates for 40 foot containers rose 3 percent globally this week, reported the Drewry World Container Index. The increase was notable given that prior to last week, the container market had experienced a steady 17-week decline.
Rates on routes between Asia and the West Coast rebounded significantly, according to experts at Freightos, who said that prices increased by 18 percent to USD 1,687 (EUR 1,452.14) from the previous week. Prices from the Asia to the East Coast were up 2 percent, to USD 3071 (EUR 2,643.46).
Drewry attributed some of the increases to a General Rate Increase among carriers that took place in mid-October, while Xeneta Chief Analyst said that USTR port fees, and China’s retaliatory fees, had also given carriers reasons to justify rate increases.
Author: Erin Spampinato / SeafoodSource | Read the full article here
The price of headless and gutted (H&G) Atlantic cod from Norway surpassed the psychological level of $10,000 per ton CIF China this week, following a further upward revision of price assessments. The gap with the Russian product is widening, fueled by the perception of shortages and uncertainty about the 2026 quotas in the Barents Sea.
The key factor is the lack of clarity regarding the 2026 quota for Barents Sea cod. In recent months, the dominant scientific signal has been for cuts—with proposals from the Norwegian IMR placing the recommendation at the lowest level in decades—while the Russian institute VNIRO has argued, to the contrary, for an increase by 2026.
Through community-led aquaculture, Indonesia’s Kampung Patin (Pangasius Village) has grown into a model of resilience – creating jobs across the value chain and proving that fish farming can lift an entire community out of poverty.
After being relocated in the 1990s due to the construction of a hydroelectric power plant, the community now living in Koto Mesjid, XIII Koto Kampar, Riau, came close to falling into poverty. They were given cash compensation and rubber plantations, but the money quickly ran out and the plantations failed to be profitable. Thankfully, in the early 2000s, the community was introduced to fish farming, which has since become their main source of income.
Author: Asep Bulkini / The Fish Site | Read the full article here
Adriana Giudice, chief executive of Austral Group – one of Peru’s leading producers of fishmeal, fish oil, and frozen fish – will serve as president. With a 1,200-strong team, Austral Group operates four processing plants along the Peruvian coast (Coischo, Chancay, Pisco and Ilo) and a modern fleet of 19 fishing vessels.
“I am very proud to take on the role of president of the IFFO Board as of January 1, 2026,” said Giudice.
Source: fishfarmingexpert | Read the full article here
The Takaichi Sanae Cabinet, inaugurated on October 21, has appointed Norikazu Suzuki as the new Minister of Agriculture, Forestry and Fisheries of Japan.
Suzuki (LDP, member of the House of Representatives), who is 43 years old, is a former bureaucrat at the same ministry and originally hails from the rice-producing region of Yamagata.
In his first press conference on October 22, the young minister clearly stated his priority: "I would like to visit as many sites as possible, put the site first, and approach agricultural, forestry and fisheries administration with the sensibilities of those on the ground."
This declaration underscores the shift in his leadership's focus. In addition to his experience as a former Vice Minister of Agriculture, Forestry and Fisheries (2011–2012), Prime Minister Takaichi has given him a specific mandate: to promote the nation's food security.
Suzuki pledged to work together with the ministry's 20,000 staff members to implement policies that prioritize the needs of farmers, foresters, and fishermen. His appointment, and his emphasis on the field, send a clear signal about the importance of local production on the government's agenda.
The Common Fisheries Policy establishes as a general objective “to ensure that fisheries and aquaculture activities are environmentally sustainable in the long term and are managed coherently to generate economic, social, and employment benefits, and contribute to the availability of food products.” Economics is a fundamental part of this process; however, decision-making seems to be based solely on biological data.
Fisheries and aquaculture play a key role in food security and the economic development of coastal communities. In the European Union (EU), fisheries and aquaculture production, with more than €5.4 billion in gross value added (GVA) and almost 198,000 jobs in 2022, contributed approximately 0.03% of total EU GVA and accounted for 0.10% of total EU employment.
Source: Industrias Pesqueras | Read the full article here
Bømlo-based Napier has signed a shipbuilding contract with Freire Shipyard in Vigo, Spain, for the construction of a new salmon processing vessel to be named Tauriko.
The vessel will be based on the design of Napier’s recently delivered Tauroa and upcoming sister ship Tautiki, but with several modifications, including higher speed and upgraded logistics systems. Napier said Tauriko will have a top speed of up to 18 knots and new discharge technology designed to reduce processing costs per kilo of fish.
Source: SalmonBusiness | Read the full article here
Russian Total Catch of Aquatic Resources Exceeds 4.1 Million Tons Russia Fed.
Russia is approaching the 4.2 million tons mark in its total catch of aquatic bioresources, according to the industry monitoring system of the Federal Agency for Fisheries (Rosrybolovstvo).
The catch...
EUROPEAN UNION
The fact that Norway, the Faroe Islands, and other coastal states, such as Iceland, have been self-allocating quotas for mackerel, blue whiting, and Scandinavian herring for years is beginning to have serious consequences for the EU. The latest assessment by ICES (International Council for the Exploration of the Sea) scientists of the Atlantic mackerel stock includes a proposed 70% cut in the total allowable catch (TAC) of the species and specifically states that the current situation of the stock is due to the fact that over the last 25 years, on average, 39% more than scientific recommendations have been caught each year. 
VIET NAM
Minh Phu surpasses Sao Ta in the land of the rising sun. In the first eight months of 2025, Vietnam’s shrimp exports reached 269,000 tons, up 1% year-on-year, with an estimated export value of USD 2.85 billion, an increase of 20%. White leg shrimp continued to account for the largest share, representing about 78% of total export volume..png)
This week marked the first 100 days of the latest major blow dealt by the European Commission to the EU fishing sector. The fleet's sense of powerlessness is complete regarding the proposal by Ursula von der Leyen's government, which proposes reducing the specific allocation for fishing by 67% for the next Multiannual Financial Framework (2028-2034). After five years of fighting for a commissioner dedicated exclusively to the interests of the industry and having achieved this—moving from the environmentalist extremism of Virginijus Sinkevicius to the desire for dialogue of Costas Kadis—the sector cannot understand how the EU executive has now presented a cutback that would mean increasing the budget from €6.1 billion to €2 billion
WORLDWIDE
Rates for 40 foot containers rose 3 percent globally this week, reported the Drewry World Container Index. The increase was notable given that prior to last week, the container market had experienced a steady 17-week decline. 
The price of headless and gutted (H&G) Atlantic cod from Norway surpassed the psychological level of $10,000 per ton CIF China this week, following a further upward revision of price assessments. The gap with the Russian product is widening, fueled by the perception of shortages and uncertainty about the 2026 quotas in the Barents Sea.
INDONESIA
Through community-led aquaculture, Indonesia’s Kampung Patin (Pangasius Village) has grown into a model of resilience – creating jobs across the value chain and proving that fish farming can lift an entire community out of poverty.
PERU
Marine ingredients organisation IFFO
JAPAN.png)
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The Common Fisheries Policy establishes as a general objective “to ensure that fisheries and aquaculture activities are environmentally sustainable in the long term and are managed coherently to generate economic, social, and employment benefits, and contribute to the availability of food products.” Economics is a fundamental part of this process; however, decision-making seems to be based solely on biological data.
SPAIN.png)
Napier orders new processing vessel from
