IN BRIEF - South Korea's Wholesale Distribution Price of Frozen Mackerel and Market Share by Origin (Norway, UK, Netherlands, China...)
SOUTH KOREA
Wednesday, March 19, 2025
As of February 2025, South Korea's total imported volume of frozen mackerel reached 20,057 tons, a 52.5% increase compared to the 13,149 tons imported in February 2024.
The domestic wholesale price remains stable, with the following approximate price levels:
The average import price of frozen mackerel up to February 2025 was $2.69 USD per kg.
Among the total imports, Norwegian mackerel accounted for 91% (18,614 tons), with an average import price of $2.74 USD per kg. Chinese mackerel represented 5.3% (1,050 tons) at $2.00 USD per kg, and 375 tons were imported from the UK.
As of the 4th week of March 2025, the wholesale price of Norwegian frozen mackerel is:
300/500g size: 99,000 KRW (approximately $73 USD), down 0.5% from 99,500 KRW (approximately $73.40 USD) in February 2025.
400/600g size: 101,000 KRW (approximately $74.50 USD), up 1.51% from 99,500 KRW (approximately $73.40 USD) in February 2025.
Moving forward, Norwegian mackerel prices are expected to remain around 100,000 KRW (approximately $73.80 USD) per box.
The Nueva Pescanova group has launched a research project applying technological solutions based on sensors and artificial intelligence (AI) to optimize the detection of foreign bodies in fish products and advance automation, as announced this Thursday in a press release.
According to the statement, the project, called Sensomare, will be developed by a multidisciplinary consortium made up of technology and food sector companies, with the collaboration of the canning industry association Anfaco and the University of Vigo.
Source: La Voz de Galicia | Read the full article here
After nearly four years of work, the AquaWind project, coordinated by the Canary Islands Agency for Research, Innovation and the Information Society (ACIISI), has demonstrated that, under real-world conditions, renewable energy production and aquaculture can not only coexist but also complement each other to optimize the use of the sea.
The prototype combining floating offshore wind and aquaculture is no longer just a concept; it is a physical reality in the Atlantic. Following this technological success, the next step is administrative. As indicated at the results presentation, the main bottleneck is no longer technical but regulatory and administrative, in addition to the need to strengthen public acceptance.
Source: iPac.aquaculture | Read the full article here
Scotland’s salmon industry has been given a big new lift following a key trade deal between the UK and the Middle East.
It follows a similar trade agreement with South Korea last December.
The industry trade body Salmon Scotland said the deal between the UK and the Gulf Co-operation Council (GCC) ensures permanent tariff-free access for UK goods to the United
Arab Emirates (UAE), Oman, Qatar, Kuwait, Saudi Arabia and Bahrain, removing five per cent tariffs on some salmon exports. Scottish salmon exports to the region hit £6.5 million in 2025 with 670 tons.
Author: Vince McDonagh / Fish Farmer | Read the full article here
Inmarsat Maritime has partnered with Argentinian technology provider Ingenieros Electrónicos Asociados (IEA) to deploy its NexusWave connectivity service across the fleet of fishing company Glaciar Pesquera.
The rollout is aimed at supporting Glaciar’s operational efficiency goals while also improving onboard welfare for crew working on long voyages.
NexusWave is a fully managed bonded multi-network service designed to provide secure, high-speed and unlimited connectivity at sea. According to the companies, the solution removes concerns around data overages and unpredictable communication costs, while improving network stability and operational reliability.
According to sector statistics provider Akvafakta, the spot price of Norwegian farmed salmon decreased by NOK 5.38 (£0.43) per kilo last week (week 20), down to NOK 72.56 (£6.08) per kilo.
This is a price that is almost NOK 1 below the price in the same week last year.
The average spot price so far this year is NOK 83.44/kg, compared to the equivalent of NOK 86.85 in 2025.
Author: Pål Mugaas Jensen / fishfarmingexpert | Read the full article here
BioMar is set to debut on the Copenhagen stock exchange at a valuation of DKK 11.5–12.4 billion (€1.50–1.61 billion), after parent company Schouw & Co. set an IPO price range of DKK 100–108 (€13.00–14.04) per share, according to Bloomberg News.
The offering could raise up to DKK 2.72 billion (€353.6 million), with most of the proceeds going to Schouw. The flotation would mark Copenhagen’s largest IPO since 2018.ATP, Danske Bank Asset Management, DNB Asset Management, Nykredit Asset Management and Tind Asset Management have jointly committed to purchasing around half of the shares on offer. Morgan Stanley and DNB Carnegie are acting as bookrunners.
Source: SalmonBusiness | Read the full article here
This sale represents a unique opportunity for buyers to purchase the UK’s first fully electric zero-commissions commercial landing utility vessel.
Gordon Brothers, the global asset experts, is offering for sale (by private treaty) a fully electric commercial landing utility vessel (E-LUV 2208) with an associated power storage system, on behalf of the joint administrators of Coastal Workboats Scotland Limited.
E-LUV 2208 has limited fit-out works remaining, presenting an opportunity for a buyer to complete the final build to suit their operational requirements.
The bay of Pasaia was the setting for the spectacular launch of the latest vessel from the Zamakona Shipyard. The ship, the Eidsvaag Atlas, was commissioned by a Norwegian shipping company and will be used to transport fish feed by sea, according to sources at the port of Pasaia. Representatives from the shipbuilding company, the Scandinavian shipping company, and the president of the Port Authority of Pasaia, Izaskun Goñi, participated in the launching ceremony at 6:30 p.m., which was attended by numerous onlookers and boating enthusiasts.
In addition to a significant portion of the suitable land in the five areas where floating wind farms can be located in Galicia, the Maritime Spatial Planning Plans (POEM) approved by the Government in February 2023 eliminated the possibility, present in the initial draft, of classifying these areas as "priority use" zones for offshore energy over other activities. They were reclassified as simply "high-potential" areas. "It has been very important to have the information, the input, and the participation of all public and private stakeholders."
Author: Julio Pérez / Faro de Vigo | Read the full article here
Gustavo Torrens, Operations and Development Manager at Gama Mobility, analyzes how real-time information is transforming fleet management, optimizing resources, and strengthening logistical efficiency.
The incorporation of real-time information into fleet management is redefining business logistics, allowing organizations to improve operational efficiency, optimize resources, and respond more quickly to changing scenarios. In this column, Gustavo Torrens, Operations and Development Manager at Gama Mobility, discusses how data visibility has become a strategic factor for strengthening operational control, reducing uncertainties, and moving toward smarter and more competitive mobility.
Source: MundoAcuicola | Read the full article here