INDUSTRY NEWS
GLOBAL ENERGY CRISIS
The current situation in the Middle East has led to high fuel prices, leading to the grounding of fleets, supply problems and higher costs for consumers.
The war in Iran and the closure of the Strait of Hormuz are driving up the cost and hampering the supply of bunker fuel for ships. This threatens global maritime trade, particularly in Asia and at the port of Singapore, the main refuelling hub.
Although companies are currently absorbing much of the rise in fuel costs, they are expected to pass these costs on to customers and consumers soon, driving up the prices of numerous products globally. The shipping sector is reportedly already losing around €340 million a day due to the conflict.
FISHMEAL SHORTAGE
Global aquaculture faces an imminent fishmeal shortage, with supplies likely to run out by 2028 due to high demand from the sector, which consumes around 90% of the global supply.
Currently, Peru, which accounts for 20% of global production in this sector, is experiencing a significant rise in fishmeal prices caused by a shortage of biomass. This has a direct impact on the cost of feed for fish farms, as fishmeal is one of its essential ingredients.
Faced with this scenario, the industry is being forced to rethink traditional feeding practices and accelerate taking on board alternatives. Although more advanced substitutes exist, such as plant proteins, insects, algae or fermented by-products, their implementation is still progressing slowly in the sector.
CHINESE DEMAND DRIVES UP GIGAS PRICES
The market for Peruvian giant squid (Dosidicus gigas) continues to trend positively, driven by controlled supply and active international demand, particularly from China.
PRODUCE has set a total allowable catch limit of 479,311 tonnes for the period January–December 2026. From 1st January to 19th May, 362,989 MT were reportedly caught, leaving a catch limit of 116,322 MT for the period from 20th May to 31st December.
Due to the quota limit authorised by the Peruvian government, and the fact that for the past month Chinese vessels in the South Pacific have been recording low catches of giant squid, prices continue to rise. This trend reflects increased interest from Chinese processors in Peruvian raw materials and the restrictions imposed by China on its deep-sea fleet in the Pacific, which is bolstering the international market for giant squid.
Seafood Expo Global 2026
Once again, Interatlantic took part in the Seafood Expo Global in Barcelona with its own stand, where we welcomed hundreds of clients and suppliers, strengthening international relationships and opening up new business opportunities.
The 32nd edition broke records, with more than 2,300 companies from 86 countries and over 35,500 industry professionals in attendance, consolidating its position as the world’s leading event for the seafood sector.
New Meeting in Qingdao
Interatlantic had the pleasure of taking part in the China Fisheries & Seafood Expo 2025, held from October 29 to 31 in Qingdao, the most important event in the fisheries and aquaculture sector in Asia. In this edition, together with Peruvian Sea Food (our plant in Paita), we were part of the Peruvian delegation, which promoted the presence of national exporting companies under the leadership of PROMPERÚ.
INTER PARTY – CONXEMAR 2025
This October, on the occasion of Conxemar 2025, Interatlantic held its annual party in Vigo, our headquarters, drawing together customers, suppliers and companies from all over the world.
Conxemar is an international meeting point for the frozen fish sector. The exhibition promotes innovation, sets trends in seafood and logistics, and consolidates Vigo as the world frozen food capital.
It was an ideal occasion to meet again, to strengthen relationships with our customers, suppliers and collaborators. See you next year!
Record-Breaking Edition in Barcelona
Interatlantic was present at the 2025 Seafood Expo Global in Barcelona. Hundreds of clients and suppliers visited us at our stand during a record-breaking event that brought together more than 35,000 international professionals from the sector.
More than 2,000 exhibiting companies from 87 countries consolidated this edition as one of the world’s largest seafood trade fairs.