SeafoodSource - Latest News and Information
Sysco announced a $29.1 billion acquisition of wholesale chain Restaurant Depot, paying $21.6 billion in cash and issuing 91.5 million shares. The deal adds 166 large‑format warehouses across 35 states, giving Sysco deeper access to independent restaurants that currently rely on Depot’s cash‑and‑carry model. Sysco projects $250 million in annual cost savings, but the merger must clear FTC scrutiny after previous antitrust challenges. Industry groups warn the purchase could diminish competition and raise prices for small operators, while some suppliers see scale benefits for seafood distribution.
New York Governor Kathy Hochul has asked the USDA to issue a disaster declaration for the state’s oyster industry after an unprecedented cold snap damaged equipment and halted harvests. State officials estimate $2.4 million in damages and a 30% drop in...
Seafood Excellence Global Awards have named 38 finalists from 17 countries for the 2026 competition, which will be presented at Seafood Expo Global in Barcelona from April 21‑23. The finalists compete in two main categories—Best Retail Product and Best HORECA...
ColdTrack, a New Jersey‑based e‑commerce logistics firm, has built a national perishable‑goods network that delivers seafood to U.S. consumers within two days. The company leverages proprietary route‑planning software and carrier partnerships across hubs in New Jersey, Indiana and California. After...
Bakkafrost’s 2026 harvest outlook has been revised down to 112,000 metric tons, falling short of the 150,000‑ton target set in its 2022 plan. The company’s Scottish operations, acquired in 2019, continue to underperform, with a projected 20,000‑ton harvest for 2026...
The Environmental Justice Foundation warns that the Southeast Pacific jumbo flying squid fishery – the world’s largest, supplying 42% of global squid in 2023 – is nearing ecological and social collapse. Weak oversight by the SPRFMO has allowed China’s distant‑water...
The U.S. Food and Drug Administration has opened a request for information to determine a new market name for the Sebastes group, commonly known as rockfish. The move follows industry petitions for a more consumer‑friendly label to raise the species’...
Quinlan Brothers of Canada has teamed with Norway’s NutriShell on a $5 million project to convert fish processing waste into marketable products. The joint venture will build a waste‑processing plant near Quinlan’s Eastern Newfoundland facility, targeting up to 3,000 metric tons of...
China has surpassed 100 offshore aquaculture platforms and vessels, marking a rapid expansion driven by stricter near‑shore regulations and a new fisheries law emphasizing intensive, environmentally friendly practices. The government has elevated deep‑sea aquaculture to a strategic growth area, encouraging...
Norwegian private equity firm Bluefront Equity has taken a 54% majority stake in Anteo, a Norwegian software provider for the aquaculture sector. Anteo reported roughly NOK 27 million (US$2.8 million) in revenue for 2025, marking about 20% year‑over‑year growth. The acquisition is aimed...
The Marine Stewardship Council (MSC) has launched a 60‑day public consultation, running until 30 May 2026, to revise its Chain of Custody Standard. The overhaul will merge the three existing versions into a single, clearer document, tighten audit consistency, and introduce mandatory...
The U.S. Department of Commerce has opened a new round of antidumping and countervailing investigations covering shrimp exporters from India, Vietnam, Thailand and China. The review will examine over 1,000 companies—394 from India, 299 from Vietnam, and 199 each from...
A. Raptis and Sons, one of Australia’s largest privately owned, vertically integrated prawn producers, announced it will shut down after nearly 70 years of operation. The company entered voluntary administration in March, citing a weak banana prawn return, oversupply and rising production...
The EU adopted a new Fisheries Control Regulation in 2023 that obliges all commercial vessels to use electronic tracking, digitised catch reporting and onboard cameras. Commissioner Costas Kadis defended the rule despite member states and fishing groups warning that precise weight‑matching...
Tunisia reported a 239% surge in new aquaculture investments in 2025, reaching TND 88.1 million (≈USD 30.2 million). The sector captured 17% of all agriculture‑fisheries private investments, amounting to TND 515.3 million across 2,862 projects. Government incentives, including subsidies up to 25% and tax breaks, aim...
