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EU Council Agrees Position to Fund Modernization and Decarbonization of Fishing Fleet Between 2028 and 2034

EUROPEAN UNION
Friday, October 02, 2026, 06:00 (GMT + 9)

Community negotiations open the door to strategic investments in new and existing vessels to renew the fleet, reduce emissions, and improve safety on board, pending final budget approval BRUSSELS — The Council of the European Union reached a partial negotiating position to establish the support rules for the fishing sector for the period between 2028 and 2034. The proposed framework includes the possibility of funding vessel modernization, opening a key investment scenario for French and international shipowners in energy efficiency, equipment renewal, and maritime safety. Photo: portsdenormandie.fr The position agreed upon by member states authorizes investments in both existing vessels and new builds. The central goals set by EU institutions aim to accelerate energy transition, optimize working conditions and living quarters on board, and actively promote... FULL STORY

Japan
Tech Firm ARK Raises 1.3 Billion Yen in Series A Round to Expand Land-Based Aquaculture Globally
Oct 2, 00:10
Japanese startup accelerates social implementation of recirculating aquaculture systems and reinforces its int... FULL STORY
France
Nueva Pescanova sells its refrigerated business in France to Ecuadorian group Omarsa
Oct 2, 00:10
The Galician multinational transfers its chilled division while retaining ownership of frozen operations t... FULL STORY
Indonesia
Koasa Shoji Begins Construction of Seaweed Processing Plant in Indonesia with a 2 Billion Yen Investment
Oct 2, 00:10
The Japanese firm consolidates its expansion in Southeast Asia backed by state bank financing and plans to sta... FULL STORY
Japan
Nichirei Foods Wins Commercial Processed Food Hit Award for Its Frozen Raw Shrimp 'Pururun Nama Ebi'
Oct 1, 03:00
The 30th edition award recognizes strict freshness control, culinary menu innovation, and the Japanese company... FULL STORY

Viet Nam
Vietnam's Seafood Exports Exceed $9 Billion in First Nine Months, but Growth Slows in Fourth Quarter
Oct 2, 05:00
Export momentum through September highlights market divergence, with strong gains in China and ASEAN offsetting declines in the US, EU, and Japan Vie... FULL STORY

United States
World Cup Lifts Norwegian Salmon in the USA
Oct 2, 04:00
The promotional campaign featuring the Norwegian national team and star player Erling Braut Haaland significantly boosts brand awareness and preferenc... FULL STORY

Peru
Peru authorizes giant squid fishery for small-scale artisanal fleet while keeping intermediate vessels suspended
Oct 2, 03:00
The measure benefits vessels with a hold capacity under 10 cubic meters, allocating a quota of 9,879 metric tons for the final stretch of the year, wh... FULL STORY
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Oct 2, 00:00 (GMT + 9):
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Oct 1, 00:10 (GMT + 9):
Alert over Antarctic toothfish sales in child-oriented packaging following hospitalization of 2-year-old for elevated blood mercury levels
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IN BRIEF - Bermeo Tuna brings the tuna value chain into classrooms
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