Undercurrent News

Marubeni maps out aquaculture-led growth, eyes M&A

Tue, 30 Jun 2026 21:12:09 +0000


'During the next medium-term plan, we want to establish at least one business with meaningful scale. We are considering every option, including mergers and acquisitions' -- Masayuki Yano, Marubeni Seafoods

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Japan’s Pacific saury fleet abandons Russian waters amid delayed fisheries deal

Tue, 30 Jun 2026 20:58:35 +0000


Late bilateral agreement, higher compliance costs and uncertain economics led the fleet to abandon fishing in Russian waters for the first time in four years

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US plant-based shrimp producer buys German operation to expand presence

Tue, 30 Jun 2026 16:46:59 +0000


The deal will combine Bayou Best Foods' US operations with BettaF!sh's European business as the company seeks to build a global presence in the alternative seafood sector

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Fire-damaged US cold storage facility combats odor, pests, must dispose of seafood

Tue, 30 Jun 2026 16:36:36 +0000


Lineage Logistics' massive facility in the major US seafood port of Los Angeles, California, is getting cleaned up after suffering extensive damage from a fire that broke out on June 17

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Trawlers, conservationists disappointed by North Pacific council appointments

Tue, 30 Jun 2026 16:35:14 +0000


'There are not enough seats on the council to represent every stakeholder group. So it’s critical that ... we take every opportunity to appoint voices that diversify the council's views' -- Michelle Stratton, Alaska Marine Community Coalition

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US pollock industry trade group parts ways with policy director

Tue, 30 Jun 2026 16:24:33 +0000


'After more than a decade in the seafood industry, I felt it was the right time to begin a new chapter' -- Caitlin Yeager, At-sea Processors Association

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Seafood restaurant in US state of Texas starts oyster farm in faraway Maine

Tue, 30 Jun 2026 16:07:37 +0000


'The quality of the product is worth it' -- Brendan Yancy, Austin Oyster Co.

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Tuna cannery Century Pacific seeks US tariff exemption for Philippine food imports

Tue, 30 Jun 2026 16:03:45 +0000


The current 10% Section 122 tariff expires on July 24, but new Section 301 tariffs of 12.5% are scheduled to take effect on or around the same date

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UCN’s new US Customs data tracker unlocks top importer rankings by species

Tue, 30 Jun 2026 15:39:08 +0000


The addition of US Customs data to UCN's Trade Portal gives subscribers a new level of visibility into who is importing what and how much into the US

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US southern state sends shrimp labeling bill to governor’s desk

Tue, 30 Jun 2026 14:57:34 +0000


The bill would take effect 120 days after being signed into law and require foodservice establishments serving foreign-imported shrimp to provide a disclosure on menus, at the entrance to the business, or both, depending on the type of shrimp offered

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