March 12, 2025 — The seafood industry has so far mostly avoided tariffs on imports amid the global trade war started by U.S. President Donald Trump.
Trump imposed 25 percent tariffs on imports of steel and aluminum from all countries with no exemption starting 12 March, and the European Union and Canada immediately retaliated with new tariffs of their own. Trump claimed the tariffs are being imposed as imports of steel and aluminum pose a “national security threat.”
August 5, 2024 — The European Union is reportedly considering new sanctions against seafood of Russian origin as the divide between the bloc and the country grows.
German publication Die Welt reported the E.U. is considering new sanctions against Russian seafood, including Russian pollock. The E.U. already banned a number of Russian seafood items in a sanctions package in 2022, including items like crustaceans and caviar, but pollock was still allowed.
March 9, 2024 — For the ninth straight month, Earth has obliterated global heat records — with February, the winter as a whole and the world’s oceans setting new high-temperature marks, according to the European Union climate agency Copernicus.
The latest record-breaking in this climate change-fueled global hot streak includes sea surface temperatures that weren’t just the hottest for February, but eclipsed any month on record, soaring past August 2023’s mark and still rising at the end of the month. And February, as well the previous two winter months, soared well past the internationally set threshold for long-term warming, Copernicus reported Wednesday.
The last month that didn’t set a record for hottest month was in May 2023 and that was a close third to 2020 and 2016. Copernicus records have fallen regularly from June on.
February 2024 averaged 13.54 degrees Celsius (56.37 degrees Fahrenheit), breaking the old record from 2016 by about an eighth of a degree. February was 1.77 degrees Celsius (3.19 degrees Fahrenheit) warmer than the late 19th century, Copernicus calculated. Only last December was more above pre-industrial levels for the month than February was.
Read the full the Associated Press
December 22, 2022 — The U.K. fishing industry has secured an additional 140,000 metric tons (MT) of fishing opportunities worth GBP 282 million (USD 341.8 million, EUR 326.4 million) for 2023 through a fisheries accord reached with the European Union.
The U.K. and E.U. reached an agreement on catch levels for 69 fish stocks, including some of the most commercially-valuable stocks to the U.K. fishing industry, such as North Sea nephrops, worth GBP 54 million (USD 65.5 million, EUR 62.5 million); anglerfish, worth GBP 31 million (USD 37.6 million, EUR 35.9 million); and western hake, worth GBP 25 million (USD 30.3 million, EUR 28.9 million).
July 7, 2022 — The European Parliament will provide financial help to European Union fisheries and aquaculture sectors struggling with the economic consequences of the Russian invasion of Ukraine, including giving compensation to those who have had to stop operating or whose economic viability is threatened.
On Wednesday, 6 July, 2022, Members of European Parliament (MEPs) adopted a measure to support fishers who have had to cease their activities due to the war in Ukraine as well as producers and fishing and aquaculture operators whose activities have been disrupted as a consequence of the conflict.
Read the full story at SeafoodSource
May 23, 2022 — Soaring demand for fishery and aquaculture products has positioned seafood as the most globally traded animal protein, with a trade value of USD 164 billion (EUR 155.8 billion) in 2021, increasing by a compound annual growth rate (CAGR) of more than 2.4 percent in the 10-year period 2011-2021, according to the latest seafood trade map and report compiled by Rabobank.
The “2021 World Seafood Map” found that close to half of last year’s trade flowed to the European Union, the United States, and China, whose combined imports surpassed USD 80 billion (EUR 76 billion). According to the analysis, the seafood trade was roughly 3.6 times the size of beef trade (the second most traded animal protein) in 2021, five times the size of the global pork trade, and eight times that of the poultry trade. It also confirmed that there were more than 55 trade flows each valued over USD 400 million (EUR 380 million) a year, and an additional 19 trade flows valued between USD 200 million and USD 400 million (EUR 190 million and EUR 380 million) each.
Read the full story at SeafoodSource
May 19, 2022 — The U.K. government’s intention to introduce new legislation that makes swift changes to the post-Brexit rules surrounding the checking of goods at the Irish border has drawn fire from Scotland’s seafood industry, particularly the farmed salmon sector.
U.K. Foreign Secretary Liz Truss told the House of Commons on 17 May that the Northern Ireland Protocol, introduced in 2021, had caused unforeseen problems, including “unnecessary bureaucracy” for goods moving between Great Britain and Northern Ireland. Truss said that a proposed Northern Ireland Protocol Bill would mean that British goods destined for sale in Northern Ireland would only have to meet U.K. standards, and not those of the European Union. She said that while the government’s preference is to reach a negotiated outcome with the E.U. and that months of talks had already taken place, the urgency of the situation meant that the government would be prepared to act without reaching such an agreement.
Read the full story at SeafoodSource
April 28, 2022 — European Association of Fish Producers Organizations President Esben Sverdrup Jensen has called for the revision of parts of the European Union’s Common Fishery Policy to simplify the transition of the E.U.’s fishing fleet to using cleaner fuels.
With the price of conventional fuels soaring in the wake of the invasion of Ukraine, Sverdrup Jensen said the E.U. should relax limits on boat capacity “because vessels that use alternative fuels like ammonium require fuel tanks twice as big as those using current fuels.”
Read the full story at SeafoodSource
February 28, 2022 — Though the Maine lobster and seafood industries for the most part do not trade directly with Russia, they are anticipating indirect impacts from the Russian invasion of Ukraine.
Russia had already banned seafood imports from the United States and European Union in 2014 in retaliation for previous sanctions imposed on Russia after its invasion and annexation of Crimea, and that ban remains in effect. Still, the invasion is bound to exacerbate ongoing supply chain issues, inflation and high energy prices, which could hurt the seafood industry indirectly in Maine.
Richard Hall, caviar director at Browne Trading Company in Portland, said he has not imported or exported any products from Russia in over 10 years because of the political situation and on-and-off embargoes.
“I get solicited by caviar farms in the (former) Soviet Union almost weekly,” Hall said. “It’s not like we don’t want to work with Russian farms. We’re always interested in finding what’s great for our customers. And it’s sort of sad – I’ve had to tell them recently, keep me on your list of people, but we’re not going to be doing anything with you right now.”
February 24, 2022 — Russian seafood exports to the United States and European Union are likely to be curtailed as a result of Russia’s invasion of Ukraine.
The Russian Defense Ministry confirmed Russian forces entered Ukraine on Wednesday, 23 February. In response, U.S. President Joe Biden, European Commission President Ursula von der Leyen, and U.K. Prime Minister Boris Johnson announced planned sanctions against Russia after its military forces engaged in a full-scale invasion of the former Soviet territory, which became an independent country in 1991.