Cooke to Take Over Mowis Atlantic Canada Salmon Farms in $158 Million Deal

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Cooke to Take Over Mowi's Atlantic Canada Salmon Farms in CAD 225 Million Deal

Mowi has agreed to sell its Atlantic Canada salmon farming operations to Cooke Inc. for CAD 225 million ($158 million) on a debt-free basis, the companies announced Tuesday, as the Norwegian salmon giant moves to exit a region that has weighed heavily on its financial performance.

The Share Purchase Agreement covers Mowi's operations across New Brunswick, Prince Edward Island, and Newfoundland and Labrador, including freshwater hatchery facilities, sea farming sites, and two processing plants. Standing biomass at the time of the deal was approximately...

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Cooke to Take Over Mowi's Atlantic Canada Salmon Farms in CAD 225 Million Deal

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ANALYSIS: Scottish Atlantic Salmon Exports Decline Despite Record Health in 2026

The production of farmed Atlantic salmon in Scotland is showing positive momentum, with Salmon Scotland reporting that the survival rate reached a record high of 99.1% in March 2026. However, the current favorable health conditions have not yet been reflected in 2026 export volumes. Total exports in 2025 for fresh salmon, including whole fish and fillets, reached 115,914 MT, a record according to national customs, representing a 9.0% increase year over year (YOY)...

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Silver Bay Seafoods Wins $11.2 Million USDA Canned Salmon Contract; Frozen Fillet Lines Go Unawarded

Silver Bay Seafoods has been awarded an $11.2 million contract to supply canned pink salmon to the US Department of Agriculture's (USDA) domestic food distribution programs, according to a purchase award document released June 18 by the Agricultural Marketing Service.

The Sitka, Alaska-based company will supply 118,560 cases of 24 14.75-oz cans of pink salmon under two product specifications. The larger lot, 94,240 cases, carried prices ranging from $85.95 to $107.20 per case, while a secondary Kosher-designated...

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Nordic Halibut Buys Pure Norwegian Seafood from Måsøval

Nordic Halibut has agreed to acquire 100% of Pure Norwegian Seafood (PNS) from salmon farmer Måsøval, securing full ownership of the Averøy processing facility it has relied on since 2025 and completing the final link in its vertically integrated supply chain.

The deal, first announced June 28, values PNS at approximately NOK 60 million (around $6 million), with the purchase price to be settled in cash at completion, expected on or around June 30. Nordic Halibut said it plans to finance the acquisition through a new bank loan...

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ANALYSIS: Vietnam Gains Share in Chinese Lobster Imports Amid Shifting Tariff Dynamics

According to Chinese customs data, lobster imports in May were effectively unchanged year‑on‑year at 5,652 MT (vs 5,610 MT last year) and remained above the average levels recorded over the past five years. Vietnam was the largest supplier by volume in May with 2,239 MT (40% share), followed by Canada at 1,996 MT (35%). Vietnamese supply is largely farm‑raised, originates in coastal waters, and is substantially cheaper than Canadian product, which helps explain the steady rise in Vietnamese shipments to China, despite differences in quality...

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Commerce Continues Antidumping Order on Vietnamese Pangasius Following Fourth Sunset Review

The US Department of Commerce has formally continued the antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam, following a fourth five-year sunset review in which both Commerce and the US International Trade Commission determined that revoking the order would likely lead to a recurrence of dumping and material injury to the US catfish industry.

The notice, signed by Scot Fullerton, Acting Deputy Assistant Secretary for Antidumping and Countervailing Duty Operations, was filed with the Federal Register on June 26...

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Oral Arguments Heard on EPA's Veto of Pebble Mine, Decision Expected in 'Near Future'

The copper, gold and molybdenum mine known as Pebble and led by Canadian-owned Northern Dynasty Minerals Ltd., was in court last week arguing over whether a 2023 decision by the Environmental Protection Agency “vetoing” the project was right or wrong. The argument was before US District Court Judge Sharon Gleason in her Anchorage courtroom.

Pebble Mine would be located in the watershed above Bristol Bay, the world’s largest run of sockeye salmon and home to five large river systems. The lawsuit was brought...

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IMR: Northeast Arctic Cod Advice Up 16% for 2027, But Recruitment Outlook Remains Weak

Norway's Institute of Marine Research (IMR) and the Norwegian-Russian scientific working group for Barents Sea fish stocks have released quota advice for 2027, recommending a modest increase for Northeast Arctic cod while flagging continued concerns about long-term recruitment.

The joint Norwegian-Russian working group (JRN-AFWG) advises that Northeast Arctic cod catches should not exceed 312,667 tonnes in 2027, a figure 16% above the 2026 advice and 10% above the 2026 quota. The increase is attributed to the 2021 year class entering the fishable...

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IFFO Unveils Program for 2026 Annual Conference in Buenos Aires

IFFO, The Marine Ingredients Organization, has announced the program for its 2026 Annual Conference, taking place October 19–21 in Buenos Aires, Argentina.

The three-day event will bring together leaders from the aquaculture, feed, and marine ingredients sectors to focus on key industry priorities, including geopolitics, fisheries management, responsible sourcing, and in-depth market analysis from both supply and demand perspectives.

The conference features a mix of detailed sessions, networking opportunities, and social events designed to encourage open dialogue across the value...

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Rainfall Closure Triggers Oyster Recall Linked to Maine Aquaculture Site

The State of Maine has issued a recall alert for live shellstock oysters harvested on June 24, 2026, from limited-purpose aquaculture site AGAI 121 in the Yarmouth, Maine harvest area, after the product was taken during a rainfall-related harvest closure.

The recall covers live shellstock oysters identified with traceability lot code 6/24/26 AGAI 121. The oysters were harvested and shipped on June 24, 2026, in 10-count bags from the Yarmouth site. The grower initiated the recall prior to contacting the...

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Fortune Fish & Gourmet Acquires Inland Foods' Houston and New Orleans Divisions

Fortune Fish & Gourmet has completed its acquisition of Inland Fresh Seafood Corporation of America's Houston and New Orleans operating divisions, effective June 27, expanding the Bensenville, Illinois-based distributor's footprint across Texas, Louisiana, and Southern Mississippi.

The deal adds to FF&G's existing regional operations, which already serve customers six days a week across a network spanning Dallas, San Antonio, Bryan, and Austin in Texas; Lafayette and Baton Rouge in Louisiana; and Jackson, Gulfport, and Biloxi in Mississippi. Inland's Houston and New Orleans operations will be integrated...

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Nova Scotia Launches 3-Year Seafood Strategy with Innovation, Market Expansion Push

Nova Scotia unveiled its new Seafood Sector Strategy on June 24, aiming to help the province's seafood industry "adapt, compete and create more economic benefit" amid rising costs, labor shortages, and global trade uncertainty.

Minister of Fisheries and Aquaculture Kent Smith released the three-year strategy at Sea Star Seafoods in Clark's Harbour, highlighting the sector's critical role as Nova Scotia's top export industry. The province's seafood exports were valued at CAD 2.2 billion in 2025, supporting approximately 19,000 jobs...

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Federal Magistrate Recommends Voiding Permits for Nine Washington Shellfish Operations

A US federal magistrate judge has recommended that nine commercial shellfish aquaculture permits in Washington state be vacated, finding that the US Army Corps of Engineers improperly bypassed required environmental review when it authorized the operations — a ruling the Center for Food Safety is calling a "landmark victory."

The Report and Recommendation, issued June 23 by US Magistrate Judge David W. Christel of the Western District of Washington, is not yet a final order. Parties have 14 days to file objections, and the matter is scheduled for consideration by...

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Ecuadorian Shrimp Sector Formalizes Mangrove Alliance with Conservation International

Ecuador's shrimp industry has partnered with Conservation International Ecuador (CI-Ecuador) to advance mangrove conservation, restoration, and sustainable aquaculture practices along the country's coast. The agreement, announced on June 24 in Guayaquil, brings together the National Chamber of Aquaculture (CNA) and the Sustainable Shrimp Partnership (SSP) under a joint framework aligned with the Mangroves for Climate initiative.

By 2030, the alliance aims to restore 250 hectares of mangroves within shrimp farming landscapes — a goal the partners estimate could reduce approximately 112,870 metric tons of CO₂ emissions...

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Angry Crab Shack Welcomes Ginni Naegle as Director of Franchise Operations

Angry Crab Shack, a leading full-service restaurant renowned for its seafood boils with bold Asian-Cajun flavors, announced that Ginni Naegle has been appointed Director of Franchise Operations. With more than 30 years of experience in restaurant and franchise operations, Naegle will help strengthen operational support across the brand's growing franchise system. She most recently served as Director of Operations at RMH Franchise Corporation.

"We are excited to welcome Ginni to the Angry Crab Shack family as we continue strengthening the support we provide to our franchise partners...

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ANALYSIS: Ecuador's Shrimp Export Declarations and US Arrivals Are Diverging

One of the inputs underpinning Expana's US shrimp import estimates is the relationship between Ecuador's declared exports to the US — as reported by Ecuadorian customs — and volumes recorded as arrivals by US customs. Historically, these two series have tracked closely, with an approximate one-month lag. That relationship forms a core component of the export-led seasonal...

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Darden Sees Same-Store Sales Growth Across All Segments in Fiscal 2026

Darden Restaurants closed fiscal 2026 with sales and earnings growth that, according to President & CEO Rick Cardenas, outpaced the broader restaurant industry. Results were driven by positive same-restaurant sales across all segments, continued unit expansion and the benefit of a 53rd week of operations.

The company reported fiscal 2026 sales of $13.21 billion, up 9.4%, while blended same-restaurant sales increased 4.5%.

"Our performance throughout the fiscal year reflects the strength of our brands, the discipline of our strategy, and the quality of our...

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