Daily recap: Captain Fresh’s CenSea buys Ocean Garden; Asian shrimp prices mixed after holiday period
Here's a recap of the top daily seafood stories from Tuesday, Feb. 11.
India's Captain Fresh has acquired US shrimp importer Ocean Garden Products via its Illinois-based subsidiary Central Seaway Company (CenSea).
Vietnamese shrimp prices strengthened to $4.38 per kilogram for 60-count vannamei in week six as processing plants resumed operations following the Lunar New Year (Tet) holiday,?according to the latest data from?Undercurrent News.
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The US fresh tilapia fillet market experienced a significant shift in 2024, with import volumes reflecting notable trends and challenges. Imports fell to their lowest level on record since 2012, based on Undercurrent trade portal data for HS code 030431. Total imports reached 41.7 million pounds valued at $147.1m, marking a 17.4% volume decline from the previous year.
Vietnam's pangasius sector expects to lift its production and export volumes and value in 2025, aided by attractive prices and a trading landscape which has been even further tipped in its favor by US president Donald Trump's tariffs against China.
A 53.9-acre property that was once the planned site for Nordic Aquafarms' abandoned land-based salmon farm project in Belfast, Maine, is now listed for sale at $2m, according to a Coldwell Banker Realty listing.
Canada-headquartered conglomerate Aisa Group has confirmed to Undercurrent that its acquisition of Argentine wild shrimp fishing company Grupo Cabo Virgenes will also include the company's shrimp processing plant in Palencia, Spain.