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New reports published by Ireland's seafood development agency BIM show increasing importance of seafood processing as an economic driver for the country's 10 principal port communities.

Nordic Aquafarms decided to abandon its aquaculture project on the U.S. East Coast in January 2025.

“This is a win for Maine and the United States with regard to seafood production,” said The Kingfish Company CEO, Vincent Erenst.

The most commonly used method is called suspended culture, and the ear-hanging technique originates from Japanese culture.

The new coalition is formed by the Maine Aquaculture Association, Coastal Enterprises, Inc. (CEI), FocusMaine, Island Institute, and the World Wildlife Fund (WWF).

The total value of landings stood at more than $709.5 million, with lobster fishery ranking top in value, according to figures from Maine Department of Marine Resources.