ANALYSIS: US Shrimp Import Estimates Show Downtrend After Front‑loading

New import estimates (Aug–Oct) developed amid the government shutdown reveal a post‑frontload downtrend that trims near‑term availability. While imports were higher than 2023–24 (years that themselves showed declines), they remain below 2022 levels. Preliminary October signals—where peeled product trends toward the high end of estimates—point to tighter balances for certain forms even as total seasonal volumes cool. Seasonally, the projected Aug–Oct turn confirms the expected counter‑seasonal downtrend after the spring/summer front run. That combination—reduced post‑frontload inflows plus form‑specific...

High Liner Q3 Adjusted EBITDA Falls 29% as Tariffs, Foodservice Softness Squeeze Margins

Value-added frozen seafood company High Liner Foods reported an Adjusted EBITDA decline in the third quarter of 2025, when compared to last year.

High Liner’s President and CEO Paul Jewer said the company faced “a combination of macroeconomic factors” which included tariffs, soft consumer sentiment and reduced foodservice traffic that led to “greater pressure on margins and volumes than anticipated.”

"We are taking targeted actions - including pricing adjustments, continuous improvement initiatives, and disciplined cost management - to help offset short-term pressures on the business,” Jewer added...

Argentine Red Shrimp Season Delayed After Prospecting Finds Low Abundance

Prospecting vessels from the Argentine red shrimp fleet sailed earlier this week, but the anticipated commercial opening out of Puerto Rawson has been postponed after prospecting results showed that shrimp abundance is insufficient to support an immediate start, according to local publication Revista Puerto. Chubut province, a key hub for Argentina’s inshore shrimp grounds and processing capacity, had been expected to set the season in motion for early November, but authorities and industry sources now say they will delay the zafra until assessments show adequate abundance...

Price of Hokkaido Processed Ikura Hits JPY 28,000/Kg at Toyosu Market in Tokyo

Amidst the historically low catch of fall chum salmon in Hokkaido, new Hokkaido-produced salmon roe (ikura) is beginning to appear on the market. On November 4th, the top brand, Marusa Sasaya Shoten of Kushiro City, Hokkaido, listed soy sauce-marinated ikura at the Toyosu Market in Tokyo and the Sapporo Market. Wholesale prices were more than double those of the same period last year, reaching 27,000 to 28,000 yen/kg ($175.92-182.40/kg), reported Minato Shimbun...

US Foods Serves Up Strong Financial Results; Sales Soar, Profits Rise

US Foods released its financial results for the third quarter, showcasing continued growth and strong business momentum.

During the quarter, total case volume increased 1.1% year over year (YOY), contributing to a 4.8% rise in net sales to $10.2 billion. This growth underscores the company’s solid market presence and steady demand for its products and services.

Gross profit rose 5.2% to $1.8 billion, representing 17.2% of net sales. Net income increased 3.4% to $153 million, while adjusted...

Gulf Menhaden Industry Replies: Backwoods University Hosts Ben Landry of Ocean Harvesters

Last week, Backwoods University, a podcast series from the MeatEater network, explored the menhaden fishing industry, known locally as "pogie" fishing, along the Louisiana coast. At that time, host Lake Pickle was unable to reach a representative from the commercial sector. Since then, he connected with Ben Landry, Vice President of Public Affairs for Ocean Harvesters, who joined him for a bonus episode to provide the industry's perspective. "My job is not to tell anyone how to think," Pickle said...

US Bankruptcy Court Clears Sale of Cozy Harbor, Casco Bay and Art’s Lobster to Aquashell for $6.5M

A US bankruptcy judge in Maine has approved the sale of Cozy Harbor Seafood, Casco Bay Lobster and Art’s Lobster to Aquashell USA, LLC — an entity tied to Hal Harlan/Harlan Development — clearing the way for a roughly $6.5 million acquisition of processing assets, inventory and certain leases.

As Expana previously reported, the deal includes the price of $2,015,099 for Cozy Harbor's accounts receivable, $2,738,920 in Inventory and $1,750,000 in property.

Expana covered Cozy Harbor’s Chapter 11 bankruptcy...

Protix Welcomes Maiko van der Meer as New CEO

Protix, the leading company in insect ingredients worldwide, has appointed Maiko van der Meer as Chief Executive Officer (CEO) as of November 2025. As a seasoned professional with extensive experience at the largest food and feed companies in the world, Maiko van der Meer is the perfect fit to guide the company through its international growth, and establish Protix as the enduring industry leader for functional ingredients.

Maiko van der Meer brings nearly three decades of experience, having held board and senior leadership roles at major...

Fossil Evidence Reveals Ancient Origins of Modern Oyster Parasite

Scientists have uncovered that a parasite still found in oysters today has been infecting bivalves for hundreds of millions of years.

Using high-resolution 3D scans, researchers found intriguing question mark-shaped markings inside 480-million-year-old shells of ancient relatives of modern clams that lived during the Ordovician period, a time of significant ecological change.

"This is a time when ocean ecosystems got more intense,” said Karma Nanglu, a UC Riverside paleobiologist who led the research. “You see the rise of mobility...

US Share of Norwegian Salmon Slips as Tariffs Push Growth Toward Asia in 2025

The United States has become a smaller share of the Norwegian salmon market in recent months as tariffs play a significant role in the market shift.

In its monthly Norwegian seafood export update, the Norwegian Seafood Council said that salmon export growth to the US has slowed down in recent months. Over the last three months, only 8% of Norwegian salmon exports were destined for the us. That number was as high as 11.5% in the first quarter of 2025. Despite this, the US remains among...

Steve Musser Named Senior Vice President of Seafood at What Chefs Want

Chef-driven foodservice distributor, What Chefs Want, announced the appointment of its new Senior Vice President of Seafood, Steve Musser.

Musser has more than two decades of experience in the industry with companies like Fortune Fish & Gourmet, East Coast Seafood, Inland Seafood, and America’s Kitchen. His track record proves his ability to grow revenue, expand markets and strengthen business partnerships.

"Steve’s vision and expertise are exactly what we need as we continue to build a best-in-class seafood program," said Monty Crawford, the company's Chief Sales Officer...

Bakkafrost: Q3 2025 Biology at Record Levels, But Financials Lag as Market Prices Weigh on Earnings

Regin Jacobsen, CEO of Faroe Island-based salmon farmer Bakkfrost, said the company was pleased with its “exceptionally strong” biological performance but not with the financial results in the third quarter of 2025.

Jacobsen credited the subpar financial results to weak market prices and high global supply.

“Looking ahead, we expect the market situation to gradually improve as global supply growth slows and demand for high-quality salmon remains firm. This should support higher price levels through the winter and into 2026,” Jacobsen said...

Russia’s Tough Economy Cuts Canned Fish Output as Consumers Pull Back

A deteriorating business environment in Russia is driving a substantial drop in production and demand for certain fish products in the domestic market, as consumers cut spending.

The steepest declines in demand and sales have been seen in canned fish and several other product categories, forcing processors to reduce their output.

Russian Fish Union data indicate that canned fish production has declined since Q2 2025. The largest monthly drop came in July, when production fell 25% to 13,400 tons...

The Retail Rundown: Turkey Promotions Climb as Holiday Demand Takes Hold

Turkey ads now make up nearly 4% of protein features this week and are on pace to capture a larger share next week as seasonal demand gathers momentum. Beef holds 23.8% of ad space, pork accounts for 22.8%, and chicken eased to 19%—down one point from last week. Eggs have 3% of this week’s buying opportunities, up one point compared to the week prior.

Within the turkey category, ads for frozen whole birds and fresh or frozen parts are evenly split, each accounting for 28% of turkey features...

Japan: September Exports Surged 82% to 60,243 MT; Scallops Fall by 23%

According to trade statistics released by the Ministry of Finance, Japan's exports of fishery products (fish and shellfish and their preparations, fishmeal, and fish oil) in September totaled 60,243 tons, an 82% increase compared to the same month last year, and amounted to 31.91 billion yen ($207.21 million), a 22% increase. Scallop exports saw a 23% decrease in volume but a 10% increase in value. While shell-off scallops increased in both volume and value, scallops with shells decreased in volume but increased in value. Yellowtail exports...

GAPP Launches New Korean-Language Website to Boost Business in Key Export Market

Genuine Alaska Pollock Producers (GAPP) have announced the launch of its new Korean-language website, www.usapollock.co.kr. The site offers business-to-business sales resources for GAPP’s member companies to reference when operating in this vital export market for Wild Alaska Pollock.

"GAPP continues to build out a robust international marketing strategy in key markets like South Korea, where Alaska Pollock—or Myeongtae—is the national fish," said Craig Morris, GAPP Chief Executive Officer. "We know from our loyal US-caught Wild Alaska Pollock...

New Hoque & Sons Inc Issues Alert on Uneviscerated “Dry Ghoinnya Fish”

New Hoque & Sons Inc. of Maspeth, NY, is recalling its packages of “Dry Ghoinnya Fish” because the product was found to be uneviscerated.

The recalled “Dry Ghoinnya Fish” were distributed nationwide in retail stores. The product comes in a 10-12 pound, clear plastic package marked with an expiration date of 5/19/25 stamped on the bottom. The product UPC code is 908172635412.

The recall was initiated after routine sampling by New York State Department of Agriculture and Markets Food Inspectors and subsequent...