Geopolitics
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GSMC 2026 Day 1: Southstream Secures US Hake, CP Returns to China Shrimp
Undercurrent News
January 20, 2026•2 days ago

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At the Global Seafood Market Conference, Southstream secured a deal for South African hake, doubling its US supply as Namibia exits the market. Meanwhile, Charoen Pokphand Group is re-entering China's shrimp farming sector. A record crowd is attending the conference, facing industry challenges like tariffs and market turbulence.
Undercurrent News' team is in full force at the National Fisheries Institute's Global Seafood Market Conference, being held in Hollywood, Florida, Jan. 18-22, 2026.
Recap the news from our first day at the event below, and keep track of all the latest here.
Southstream deal to 2x South African hake supply comes with Namibia out of US market
Southstream Seafoods' exclusive supply deal to sell Sea Harvest Group's South African hake in the US will double its supply of the species at a time when Namibia is out of the market, due to the Marine Mammal Protection Act.
CP returns to China shrimp farming
Thailand's Charoen Pokphand Group is developing a shrimp farming project in Jiangsu, a coastal province in eastern China, the company's Robins McIntosh told Undercurrent.
McIntosh's latest shrimp farming estimate puts Thailand ahead of Indonesia, Vietnam
McIntosh also told Undercurrent he is re-estimating Thailand's farmed shrimp production figures ahead of Vietnam and Indonesia.
Record crowd expected as seafood industry confronts tariffs, market turbulence
GSMC 2026 is underway, and with a big crowd. NFI reported 598 registrations on Jan. 17, the day before the event was scheduled to kick off. That's just a few shy of the record 606 crowd, and with walk-up registrations expected.
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