Last year, the country’s seafood industry failed to achieve the export target of $6.5 billion, and this year too, the industry is preparing to face even tougher challenges with difficulties mounting up.

A new facility will up the production on the subcontinent. The shrimp aquaculture production in India is expected to increase by fivefold with the expansion of Chennai's Aquatic Quarantine Facility, reported the nation's Business Standard.

The Chinese seafood consumption market continues to expand at a break-neck pace, according to a new report from the USDA.

Norway's total cod export value fell to NOK 10.3 billion (€1.4 billion/$1.8 billion) in 2012, a drop of NOK 1.5 billion (€203.2 million/$268.9 million) from 2011, according to figures from the Norwegian Seafood Export Council.

Seafood buyers looking for a bargain should have their eyes trained on whitefish at the moment, reported The Grocer magazine, citing commodity intelligence service Mintec.

(vasep.com.vn) Untill the middle of December 2012, Vietnam pangasius industry earned US$407.1 million from fish export to the EU, showing a decrease of 16.2 percent over the corresponding period in 2011. In which, the deepest fall was seen in three key single markets in the region, including Spain (-17 percent), the Netherlands (-18 percent) and Germany (-35 percent).

The Fisheries Agency and its counterparts in China and Taiwan have agreed to work together to prevent the overfishing of Japanese eel.

Japanese seafood imports, including fishmeal, fell 19.9 percent in November 2012 from the same period in 2011, to 230,229 tons.

Farm-raised catfish processed during November 2012 totaled 22.1 million pounds round weight, down 14 percent from November 2011. The average price paid to producers was 82.2 cents per pound for November 2012, up 1.9 cents from last month but 43.5 cents below a year ago.

The aquaculture industry in Northern Mindanao continues to grow, registering a five percent growth in the third quarter of 2012.

In October 2012, 91,400 tonnes of fish were landed in Peruvian ports, which represented a 5.7 per cent increase on the same month in 2011, when landings totalled 86,400 tonnes.

In 2013, as many as 80 percent of Russian seafood will be sold in the country’s fish stores, head of Federal Agency for Fishery (Rosrybolovstvo) Andrei Krainy said on Friday at a press conference in Moscow on the results of the work of Russia’s fishermen in 2012.

Authorities say Australia's aquaculture products brought in $983 million last year.

The Fisheries Agency will begin farming young bluefin tuna in an onshore aquafarm in April.

Total catfish feed delivered in the United States during November 2012 was 11,130 tons, down 12 percent from November 2011, and down 70 percent from the previous month.