World

EIB’s Bold Bet on European Shrimp Farming

The European Investment Bank (EIB) has awarded a EUR 35 million (USD 37.63 million) loan to Oceanloop, a German aquaculture technology startup, to drive its ambitious expansion....

Vietnamese Shrimp Exports to UAE: A Small Market with Big Potential

The UAE's position as the 16th largest importer of Vietnamese shrimp between 2018 and 2022 may seem modest, accounting for only 0.5% of Vietnam's total shrimp export...

Revitalising Indonesia’s Shrimp Industry

As Indonesia embarks on a new political chapter under President Prabowo Subianto, the fisheries ministry is setting its sights on a sweeping revival of the nation's shrimp...

The Shrimp Paradox: Popularity Amidst Economic Turmoil

Shrimp has firmly established itself as America’s seafood of choice, with nearly one-quarter of all seafood consumed in the country comprising this beloved crustacean. However, as the...

The Decline of Honduran Shrimp Exports

Honduran shrimp exports are poised to experience a historic downturn as 2024 comes to a close, marking significant challenges for the nation's aquaculture sector. Juan Carlos Javier, the...

Local Investment Promises to Revolutionize Shrimp Production in Fiji

In Fiji, local entrepreneur Apenisa Maracava has invested approximately USD 355,000 to establish a state-of-the-art seawater breeding facility through his company, Purayil Investment Limited. This new project...

Indian Fisheries Adapt to US Market Demands

State authorities in Odisha, India, are now mandating the installation of Turtle Excluder Devices (TEDs) on all fishing trawlers as part of a concerted effort to safeguard...

Norway Experiences 82% Rise in Seafood Exports

October 2023 marked a particularly noteworthy month for Norway. Seafood exports reached a staggering NOK 18.5 billion (USD 1.69 billion), an impressive increase of NOK 914 million...

Is Bangladesh’s Shrimp Industry Ready for a Technological Revolution?

Dr. Salehuddin Ahmed, Commerce Adviser to the Government of Bangladesh, stressed the pressing need for technological innovation within the shrimp sector during a meeting with the Bangladesh...

Sakura Shrimp Auction Sees Higher Supply, Lower Prices

As autumn settles in, Japan’s Shizuoka Prefecture heralds the return of its celebrated Sakura shrimp with the opening of its first autumn auctions. These cherry-blossom pink crustaceans,...

A Call for Shrimp Sector Reform in Bangladesh

Frozen food exporters in Bangladesh are advocating for a specialized interest rate tailored to their sector. They argue that such financial provisions would significantly enhance export earnings,...

Ecuador’s Shrimp Exports Face Setback

Ecuador’s shrimp industry faced mild turbulence in the third quarter of 2024. Despite a robust start to the year, exports experienced a modest 3% year-on-year downturn, with...

Prime Shrimp Expands Footprint at Whole Foods

Prime Shrimp has announced its expansion into over 200 select Whole Foods Market stores across the United States. This initiative aims to elevate shrimp consumption as a...

The Fall of Project Sea Dragon

Project Sea Dragon, the ambitious AUD 1.5 billion (USD 986 million) prawn farming endeavor conceived by Seafarms, has met a disheartening fate in Australia. Following a Federal...

GSF 2025 Set to Address Supply Chain Challenges and Innovations

Next September, Utrecht will once again become the epicentre of the shrimp industry as the Global Shrimp Forum (GSF) gears up for its fourth edition in the...

Algeria Partners with Korea to Enhance Shrimp Farming

Algeria is taking steps to improve its capacity for shrimp farming. The government’s recent collaboration with the Korea International Cooperation Agency (KOICA) signifies a move to enhance...

Honduras Eyes Growth in China as Shrimp Exports Hope for a Bounce Back

Honduran shrimp farmers have set their sights on expanding into one of the world's largest seafood markets, as they showcase their products at the Qingdao Seafood Fair...

A Promising Aid Against Aquaculture’s Viral Menace

The aquaculture industry has faced critical challenges in recent years, with shrimp farmers particularly hard-hit. Among these is the widespread impact of Acute Hepatopancreatic Necrosis Disease (AHPND),...

Higher Duties on Indian Shrimp: A Competitive Edge for Ecuador and Indonesia?

The recent decision by the US Department of Commerce (DOC) to impose a higher countervailing duty (CVD) on frozen water shrimp from India signals a stormy sea...

Louisiana Shrimp Festival Sets Standard with Authentic Gulf-Caught Shrimp

Recent revelations regarding the authenticity of shrimp served at prominent Southern seafood festivals in the United States have raised alarm among local fishermen and seafood advocates. Genetic...

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