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Global seafood industry news · 1695 articlesSouth Korea Plans to Cut Offshore Fishing Fleet by 40% Over Five Years, Steps Up Crackdown on Chinese "Illegal Fishing"
Russian crab giant to export 700 tonnes of air-blast frozen Barents Sea king crab to Japan for the first time
EU Fisheries Industry Slams "Four-Nation Mackerel Agreement," Calls for Trade Countermeasures
Greenland Cuts Total Coldwater Shrimp Catch, Raises Cod Quota to 40,000 Tonnes
Vietnamese pangasius prices surge to three-year high! Fingerling prices soar to historic peak, tight supply pushes up costs
Major European Supermarkets Collectively Stop Selling Atlantic Mackerel
Morocco's Octopus Fishing Season to Restart in January, Prices May Face a New Round of Bargaining
The Fall of the "King of King Crabs": Far East Seafood Tycoon Sentenced to 24 Years for Smuggling and Tax Evasion
A Russian court has sentenced Sakhalin seafood tycoon Oleg Kan in absentia to 24 years in a maximum-security prison and fined him 5 million rubles for leading a criminal organization, smuggling roughly 3,400 tonnes of live crab, and evading tariffs and taxes through a network of shell companies. Prosecutors say Kan, who remains on Interpol's wanted list, also faces a separate 17-year sentence for ordering a murder, bringing his total exposure in Russia to more than 40 years.
China Tilapia Prices Fall Again, 80% of Farmers in Losses, Tightening Supply Fails to Lift Weak Market
In the third week of December 2025 (week 51, December 15–21), China's tilapia market weakened again, with prices falling across major southern production areas. More than 80% of tilapia farmers are estimated to be operating at a loss of 0.6–1 yuan per kilogram. Despite signs of tightening supply, weak export prices and high inventories continue to weigh on the market.
Greenland Loses 3,550-Tonne Blue Whiting Quota in Faroese Waters
Norwegian mackerel prices ease from highs to NOK 50, herring exports rebound on strong EU buying
Shanghai Consumer Council Reports Test Results for 15 Antarctic Krill Oil Products: Beijing Tongrentang Found to Have Zero Phospholipid Content, Alleged Fraud
Zhangzidao Sells Off Assets in a Row to "Cut Off an Arm to Survive": Hardship Is Not the End
France sharply cuts Patagonian toothfish fishing quota
Nichirei Accelerates Reduction of China Seafood Operations, Shifts Processing to Vietnam
Massive Oyster Die-off in Hiroshima, Japan
20 Million Lobsters Die in Vietnam, a Devastating Blow
Asian Seafood Markets Led by China Grow Rapidly as Global Seafood Trade Center Shifts East
2026: The Deep Winter of Chinese Aquaculture — Finding a Path to Restructuring in a Cold-Wave Cycle
South Korea Plans to Cut Offshore Fishing Fleet by 40% Over Five Years, Steps Up Crackdown on Chinese "Illegal Fishing"
Russian crab giant to export 700 tonnes of air-blast frozen Barents Sea king crab to Japan for the first time
EU Fisheries Industry Slams "Four-Nation Mackerel Agreement," Calls for Trade Countermeasures
Greenland Cuts Total Coldwater Shrimp Catch, Raises Cod Quota to 40,000 Tonnes
Vietnamese pangasius prices surge to three-year high! Fingerling prices soar to historic peak, tight supply pushes up costs
Major European Supermarkets Collectively Stop Selling Atlantic Mackerel
Morocco's Octopus Fishing Season to Restart in January, Prices May Face a New Round of Bargaining
The Fall of the "King of King Crabs": Far East Seafood Tycoon Sentenced to 24 Years for Smuggling and Tax Evasion
A Russian court has sentenced Sakhalin seafood tycoon Oleg Kan in absentia to 24 years in a maximum-security prison and fined him 5 million rubles for leading a criminal organization, smuggling roughly 3,400 tonnes of live crab, and evading tariffs and taxes through a network of shell companies. Prosecutors say Kan, who remains on Interpol's wanted list, also faces a separate 17-year sentence for ordering a murder, bringing his total exposure in Russia to more than 40 years.
China Tilapia Prices Fall Again, 80% of Farmers in Losses, Tightening Supply Fails to Lift Weak Market
In the third week of December 2025 (week 51, December 15–21), China's tilapia market weakened again, with prices falling across major southern production areas. More than 80% of tilapia farmers are estimated to be operating at a loss of 0.6–1 yuan per kilogram. Despite signs of tightening supply, weak export prices and high inventories continue to weigh on the market.