What happens when low salmon prices stop being a short-term problem and start reshaping how the entire industry thinks about risk? In this episode, we dig into Q3 financial results from the publicly traded salmon companies, not just to recap the numbers, but to unpack what they’re really signaling beneath the surface. We explore widening gaps in EBIT per kilo across regions, why Chile stands out while Norway, Scotland, Canada, and Iceland struggle in very different ways, and how persistent price pressure is forcing companies to prioritize cost control over growth. The conversation goes deeper into the tradeoffs this creates: where cost-cutting shows up quickly through sea lice decisions, where it hides longer-term risk through disease and biology, and why the push toward “control” via land-based and semi-closed systems hasn’t yet translated into stronger economics. The result is a clear-eyed look at whether the industry is truly buying predictability or simply shifting where risk shows up. Download the full Q3 2025 report here.For more aquaculture insights head to our Fish n’ Bits blog.
How does one small fish in one corner of the Pacific end up shaping the entire global aquaculture feed system? In this week’s episode, we break down the latest developments from Peru’s anchovy fishery, from the unusually low provisional quota, to the rapid EUREKA survey that reshaped the biomass picture, to why analysts like Rabobank are warning that long-term fishmeal and fish oil shortages are becoming more likely. We revisit what happened during the 2023 juvenile-driven closure, unpack what the 2025 numbers actually tell us, and explain why Peru’s anchoveta remains the single most important swing factor for salmon, shrimp, and even pet food production worldwide. For more aquaculture insights head to our Fish n’ Bits blog.
What’s driving Norway’s sudden wave of investment in closed fish farming systems? This week we unpack the real story behind the headlines, from Mowi’s new Fiizk orders to Lerøy and SalMar’s push toward enclosed pens. It all traces back to an October 10th regulatory change that quietly created the biggest financial incentive yet for producers operating in red zones. Tony breaks down how this new rule works, why companies are moving fast to adapt, and whether it marks the beginning of a larger shift toward closed and semi-closed farming systems across Norway or even the world.For more aquaculture insights, head to our Fish n’ Bits blog.
What can one number really tell us about an entire industry? This week, we unpack the Scottish Fish Farm Production Survey 2024, a report that’s sparked headlines and controversy with its 61.8% survival figure, the lowest in more than three decades. But beyond the shock value, the data reveals something deeper: the long-term cycles of progress, constraint, and adaptation that define Scottish salmon farming. We’ll explore what the numbers actually mean, why short-term data can distort reality, and how progress in sustainability often comes with biological trade-offs. For more aquaculture insights head to our Fish n’ Bits blog.
What if the next major leap in aquaculture doesn’t come from the ocean but from the genome? In this week’s episode, we trace the story of genomic sequencing: from Darwin’s first evolutionary trees to the breakthroughs that now let scientists map entire fish genomes in a single day. You’ll learn how falling sequencing costs are opening the door to disease tracing, genetic selection, and smarter breeding programs that could redefine sustainability across aquaculture. For more aquaculture insights head to our Fish n’ Bits blog.
How much does Washington, D.C. actually influence the global seafood industry? After speaking at the National Fisheries Institute’s Leadership Summit, we’re breaking down what happens when seafood meets policy — from tariffs and trade to nutrition and public health. Featuring insights from speakers like Sean Spicer and Elana Natker, this episode looks at how politics, perception, and food policy are shaping seafood’s next chapter, and what the industry can learn from it. For more aquaculture insights head to our Fish n’ Bits blog.
Can New Zealand turn its bold aquaculture growth plan into a $3 billion industry by 2035? In this episode, we dig into the numbers behind the country’s strategy, from premium salmon and mussel exports to the risks of offshore expansion, and look at the political and regulatory roadblocks that could derail momentum. Drawing lessons from Norway, Canada, and Iceland, we explore what it takes for a nation to scale aquaculture without repeating the same missteps. For more aquaculture insights head to our Fish n’ Bits blog.
What does it really mean when headlines say “95% of AI pilots fail”? In this episode, we unpack MIT’s State of AI in Business 2025 report, looking past the hype to see why so many initiatives stall—and where the real success stories are happening. From the GenAI Divide to lessons on internal vs. external builds, and from ROI in back-office operations to parallels with past tech revolutions like the PC and internet, we’ll explore what this all means for seafood and aquaculture companies considering AI. For more aquaculture insights head to our Fish n’ Bits blog.
What does sea lice management have in common with one of the most famous problems in game theory? In this episode, we look at why rising lice levels in Norway reflect the dynamics of the Prisoner’s Dilemma—where individual short-term choices can create long-term harm for the entire industry. We’ll break down the latest data on lice pressure, explain why fragmented treatments are driving reinfestation risk, and explore how coordinated action, better models, and shared incentives can turn the tide. For more aquaculture insights head to our Fish n’ Bits blog.
What happens when strong biology collides with weak markets? In this episode, we break down the Q2 earnings season in salmon farming, where EBIT margins have tightened, prices continue to slide, and producers are facing tough calls on investment, strategy, and survival. From Mowi’s consistency to Bakkafrost’s split results, and from Norway’s political backdrop to Scotland’s biological struggles, we look at who’s weathering the storm and who’s most exposed. Beyond the numbers, we explore the Catch-22 of salmon farming: better fish health leading to oversupply and weaker profits, just as ecological and political pressures intensify. Download the full report here.For more aquaculture insights head to our Fish n’ Bits blog.
What fuels the world’s most powerful AI models isn’t just data, it’s how that data is labeled and given context. In this week’s episode, we take listeners inside the often-overlooked world of data labeling, from Meta’s $14B investment in Scale AI to the billion-dollar rise of Surge AI, and connect the dots to aquaculture. You’ll learn why context-rich data—not just perfect data, is the real driver of better models, and how farms can apply these lessons to turn messy records into predictive intelligence. For more aquaculture insights head to our Fish n’ Bits blog.
How does a disease you can’t see, and often don’t even know is there, cause some of the most expensive losses in salmon farming? In this week’s episode, we examine Cardiomyopathy Syndrome (CMS), a viral heart disease that’s been quietly impacting farms for decades but is now forcing its way into the spotlight. From the biology of Piscine Myocarditis Virus to the real-world costs seen in recent Scottish outbreaks, we explore why CMS is so hard to detect, why it’s not on the official notifiable disease list, and what the latest science says about prevention, from genetics to nutrition. For more aquaculture insights head to our Fish n’ Bits blog.
Why do some salmon fight off sea lice with ease, while others struggle year after year? In this week’s episode, we discuss a groundbreaking new study from Nofima that explores what Pacific salmon, especially coho, can teach us about natural sea lice resistance. You’ll learn how cutting-edge techniques like AI-powered histology, proteomics, and spatial transcriptomics came together to paint a full biological picture – mapping the immune response from tissue structure to gene activation. Plus, hear from lead researcher Dr. Lene Sveen as she shares what these findings could mean for future treatments and breeding programs.For more aquaculture insights head to our Fish n’ Bits blog.
What does it actually take to build an AI model that matters, not just for headlines, but for real-world decisions in aquaculture? In this week’s episode, we explore the evolving role of artificial intelligence in fish health prediction and dive into Manolin’s work on pancreas disease modeling. From the explosive growth of global AI to the quiet (but powerful) momentum inside aquaculture, we unpack why “useful” is becoming the most important metric, and how aquaculture is finally stepping into the AI era.For more aquaculture insights head to our Fish n’ Bits blog.
Is aquaculture finally ready for the global stage? This week, we unpack the World Bank’s latest 100+ page aquaculture report—its first in 17 years—and why it's far more than hype. You’ll hear what the data actually says about aquaculture’s rise, where the next wave of growth will happen, and why the bottlenecks aren’t biological, they’re financial and political. From massive investment gaps to surprising country forecasts, this episode explores the report’s blueprint for making aquaculture a cornerstone of food security, climate resilience, and economic growth. For more aquaculture insights head to our Fish n’ Bits blog.
What happens when an old virus makes a new appearance? In this episode, we explore the legacy and resurgence of Infectious Salmon Anemia (ISA)—a disease that has shaped the global salmon industry for decades. With recent outbreaks reported in Northern Norway, we dive into what ISA is, how it spreads, and what history can teach us from past crises in Canada, Chile, Scotland, and the Faroe Islands. You’ll learn how modern tools like genetic sequencing, DNA vaccines, and strict biosecurity protocols are helping farms fight back—and what today’s uptick in cases might signal for the industry’s future. For more aquaculture insights head to our Fish n’ Bits blog.
When farms push smolt growth, what happens to biology, health, and risk? In this episode, we explore the evolving science and rising business pressures behind smoltification in salmon farming. From light control and brackish water systems to the push for 1 kg smolt, Tony breaks down why getting this phase right is so critical, and how larger smolt bring a new set of biological and operational challenges. Then, stay tuned for a conversation with Dr. Bill Harris, whose journey from Harvard pediatric nephrology to smoltification feed innovation reveals just how interconnected fish and human biology can be.For more aquaculture insights head to our Fish n’ Bits blog.
What happens when the biology is strong but the market turns against you? In this week’s episode, we break down the Q1 2025 earnings from publicly traded salmon producers across six countries. While fish health remains solid, companies are facing some of the lowest salmon prices in recent memory, dragging down profits, shaking up leadership, and forcing a rethink of what “profitable farming” really means. We dive into EBIT/kg performance across the board, spotlight standout results from Grieg and Salmones Camanchaca, and unpack why Iceland and Canada are at a strategic crossroads. Download our report for Q1 of 2025.For more aquaculture insights head to our Fish n’ Bits blog.
What happens when we build policy on the wrong measurements? In this episode, we unpack Norway’s proposed lice regulations and why the industry's biggest concern might not be the rules themselves, but the science behind them. From farm-level impact forecasts to a surprising case out of British Columbia, where sea lice returned despite the complete removal of salmon farms, we explore the statistical pitfalls that can shape, or misguide, long-term policy. If you're in farming, regulation, or simply trying to make sense of where the industry’s heading, this episode offers critical perspective.For more aquaculture insights head to our Fish n’ Bits blog.
What does it mean when sea surface temperatures break records before summer even begins? In this week’s episode, we dive into early-season sea lice data and rising ocean temperatures that are already signaling a challenging year for Norwegian salmon farms. From warnings of heat-driven outbreaks to shifting regulations and market pressure, we break down why 2025 could be another pivotal year for fish health strategy. Then, stay tuned for a conversation with oceanographer and Senior Researcher, Dr. Helene Langehaug of the Nansen Environmental and Remote Sensing Center (NERSC), who explains the science behind marine heatwaves, their classifications, and what this year’s climate models are telling us about what’s coming next.For more aquaculture insights head to our Fish n’ Bits blog.