Ready Seafood Settles Lobster Industry Lawsuit with Former Employees, Packers Pride

Ready Seafood, a Maine-based lobster company, and its former employees, Andrew Daughan and Robert Kragh, along with their new venture, Packers Pride USA, have agreed to settle a lawsuit over competitive business practices per a notice filed in court on August 8.

The litigation centered on Ready Seafood’s allegations that Daughan and Kragh violated employment agreements and misused confidential information to launch Packers Pride as a direct competitor, as Expana reported last month.

Daughan and Kragh fired back in court, denying the claims, as Expana also reported...

High Liner Foods Q2 Performance Boosted by Later Lent, Retail Strength

Canada-based High Liner Foods reported higher sales volumes and adjusted EBITDA in its second quarter financial results on August 7.

"In the second quarter, we delivered higher volumes, sales and Adjusted EBITDA compared to the prior year," said Paul Jewer, President and Chief Executive Officer of High Liner Foods. "Retail sales were up year-over-year and foodservice volumes improved compared to the last three quarters, supported by a later Lent this year. We will build on our strong start to the year by leveraging our diversified...

NOAA Adds to Scientific Armada with New Mapping Ship Bound for Alaska

This Thursday, the National Oceanic and Atmospheric Administration (NOAA) will host a keel-laying ceremony in Houma, Louisiana marking the beginning of construction for an ocean-floor mapping vessel that will be home-ported in Ketchikan when finished. 

The new NOAA ships, the Surveyor and its sister ship, the Navigator, will be built by Thoma-Sea Marine Constructors under a $624.6 million contract that would allow NOAA to construct two more ships if funding is available...

Trump Announces Alaska Summit With Putin on August 15 to Discuss Ukraine War

Last Friday, President Trump announced that he and Russian President Vladimir Putin will meet in Alaska to discuss first steps towards a peace agreement between Russia and Ukraine. The meeting will be held on Friday, August 15.  

Only days before the announcement, President Trump expressed frustration over Putin's continued bombardment of Ukrainian cities and threatened to ratchet up sanctions on Russia. But Trump told reporters Friday that the Kremlin proposal involved "some swapping of territories to the betterment of both" countries...

Tariff Talks 2025: Expana's Weekly Rundown #21 

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #21."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

...

On August 6, US President Trump issued an executive order that imposes a new 25% additional ad valorem tariff on imports from India into the States, effective 21 days after the White House announcement...

Ag Sec Rollins Announces $6M in Grants to Rid Chesapeake Bay of Invasive Blue Catfish

US Secretary of Agriculture Brooke L. Rollins yesterday announced the US Department of Agriculture (USDA) is making $6 million in grant funding available for seafood processors to expand operations, transform the food supply chain and create new and better markets for the processing of invasive, wild-caught catfish.  

USDA, in partnership with the Maryland Department of Agriculture, is also launching a one-year pilot program to purchase up to $2 million through Section 32 of Chesapeake Bay...

USCG Rescues Four Crew From Sinking Vessel in Gulf of Alaska

Last Tuesday, US Coast Guard rescued four crewmen from a 110-foot vessel described as a “tug” about 130 miles south of Cordova, AK. The four crew, brought by helicopter to Cordova’s medical facilities, sustained no injuries.  

The Coast Guard’s first radio communication was received at around 10:17 a.m. on August 5 that the 110-foot “tug” Sea Ranger was taking on water. Rescue teams were dispatched immediately and reached the vessel by early afternoon. The crew initially reported no immediate danger, and a pump was delivered...

DoorDash Reports Record Results for Q2 FY2025

DoorDash delivered record performance in the second quarter of its fiscal year, achieving new highs in total orders, Marketplace GOV, and revenue. Total orders climbed 20% year-over-year (YOY), while Marketplace GOV increased 23% to $24.2 billion. Revenue surged 25% YoY to $3.3 billion.

Net revenue margin improved compared to both last year and last quarter, driven by more efficient logistics, higher advertising revenue, and fewer credits and refunds issued.

Adjusted EBITDA reached $655 million in Q2 2025, a...

Russian Fishing Sector Struggles With Soaring Debts and Sluggish Growth

The Russian fishing industry is grappling with major challenges as a deteriorating business environment and increased government pressure have led to a sharp slowdown in growth. Mounting debts now threaten to trigger a wave of bankruptcies within the sector, according to the country’s leading fisheries association.

German Zverev, President of the All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (VARPE), recently highlighted that ballooning loans and credit obligations present the most serious obstacle to industry advancement. In 2024, the sector’s total debts reached...

Russian Fish And Seafood Exports Surge 13% Through Seven Months

Russian fish and seafood exports increased by 13% in value terms in the first seven months (Jan-July) of the year, exceeding $3 billion. The increase in shipments is observed after a steep decline caused by sanctions. Positive changes are explained by the growth of production in the Far East and the expansion of the geography of deliveries.  

According to official data of the Russian analytical center "Agroexport," Russian fishermen in January-July exported 1.2 million tons of fish and seafood for a total of $3.1 billion, which...

Aquamar’s Daryl Gormley To Address Future Of Surimi At GAPP Annual Meeting

The Association of Genuine Alaska Pollock Producers (GAPP) announced that Daryl Gormley, CEO of Aquamar, will headline its upcoming Wild Alaska Pollock Annual Meeting on September 18.

Gormley will address attendees on the future of surimi seafood in the US. He will explore how the seafood sector needs to adapt and understand how consumers view and consume seafood.

“We’ve seen trends like surimi seafood ‘crab’ boil mukbang and cucumber surimi seafood salad go viral this year and drive huge awareness and consumption of Wild Alaska Pollock...

Japan: Industry Cautious Over High Ikura Prices Amid 36% Decrease in Hokkaido Fall Chum Forecast

The Hokkaido autumn salmon migration is predicted to be 11.41 million fish, a 36% decrease from last year. Based on average eye size in recent years, an unprecedented drop in catch volume of around 30,000 tons is expected.

According to a Minato Shimbun report, the Hokkaido Federation of Fisheries Cooperative Associations (DOGYOREN) revealed supply and demand trends at the National Salmon, Trout, and Fish Roe Trade Conference for major recipients and shippers held in Sapporo on August 5th. The conference was hosted...

Record Snow Crab Imports Mask Growing Market Volatility

The US seafood industry is entering a period of significant uncertainty, driven by new tariffs from the Trump administration and a weakening US dollar. These developments are reshaping supply chains, driving up prices, and placing imported seafood at a growing competitive disadvantage.

While king and snow crab represent smaller volumes compared to major categories like shrimp, they remain a vital, high-value species. Through June 2025, the U.S. market received approximately 3.8 million pounds of golden and red king crab and 103 million pounds of snow crab, including domestic landings from Alaska...

Blue Star Foods and KeHE Distributors Launch Partnership and Promotion for Crab Meat Pouch

Two major developments were announced yesterday by Blue Star Foods Corp., including a strategic national partnership with KeHE Distributors as its primary distribution partner and the launch of its flagship 6-ounce cab meat pouch, now available via KeHE’s broad retail network. 

KeHE Distributors is a leading distributor of natural, organic specialty and fresh products, with over 7,900 employee-owners, 18 distribution centers and service to 31,000+ retail and online outlets.

“Partnering with KeHE is a pivotal move in our growth strategy,” said...

Global Seafood Alliance Announces Keynotes, Full Program for Upcoming Responsible Seafood Summit

The Global Seafood Alliance (GSA) announced its keynote speaker lineup for its upcoming Responsible Seafood Summit, which will take place in Cartagena, Colombia, from September 29 to October 2.

“The seafood industry has a huge impact on hundreds of millions of people’s lives. The expert speakers we have convened will explore the ways in which seafood impacts global food security, human health, economies and the environment,” said Jamie Wright, Program Director for the Summit. “Our CEO Mike Kocsis will challenge attendees to think about the impacts that their...

Premium Brands Sets Q2 Sales Record, But Clearwater Seafoods Posts Loss

Canadian seafood firm Clearwater Seafoods reported a dip in revenue and earnings during the second quarter of 2025, while Clearwater’s parent company, Premium Brands Holdings, posted record revenues and an increase in EBITDA compared to the same quarter last year.

Clearwater Seafoods saw its revenue dip in Q2 2025 by CAD 8.2 million ($6.0 million). The company attributed the dip to the below-average harvesting conditions for Canadian scallops and clams due to “natural variability” of the species and a turbot catch landing after the quarter, compared...

AquaBounty Still Seeking “Strategic Alternatives” While Selling Ohio Farm Assets

In their latest financial statements covering 2025 2nd quarter results, AquaBounty Technologies, Inc. (NASDAQ: AQB) acknowledged a net loss of $3.4 million for the quarter ended June 30, 2025, compared to a net loss of $50.5 million for the quarter ended June 30, 2024.  

AquaBounty, a land-based aquaculture company that used technology such as genetic modification to enhance productivity and sustainability, ceased all farming operations last December after intense investment in a massive recirculating aquaculture system (RAS) in Pioneer, Ohio, that was closed down last year...