• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
EnvironmentFederal Government

The feds are fighting a Texas fishery over a ban on Chilean sea bass in Antarctica, and it’s all Russia’s fault

By
Joshua Goodman
Joshua Goodman
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Joshua Goodman
Joshua Goodman
and
The Associated Press
The Associated Press
Down Arrow Button Icon
October 18, 2022, 12:22 PM ET
Chilean Sea Bass in a grocery store
Fillets of Chilean sea bass caught near the U.K.-controlled South Georgia island are displayed for sale at a Whole Foods Market in Cleveland, Ohio, June 17, 2022. Southern Cross Seafoods said in a complaint filed in Oct. 2022 in the U.S. International Trade Court that the decision to bar importation of Chilean sea bass was arbitrary, illegal and would cause significant economic harm to its business. (AP Photo/Joshua Goodman, File)AP Photo/Joshua Goodman—Associated Press
Add Fortune on Google for similar content.

A small Texas seafood importer has sued the federal government for blocking a shipment of fish from protected waters near Antarctica — an ocean at the center of a diplomatic feud dividing the normally allied U.S. and U.K. governments.

Southern Cross Seafoods said in a complaint filed last week in the U.S. International Trade Court that the decision to bar importation of Chilean sea bass was arbitrary, illegal and would cause significant economic harm to its business.

U.S. officials argue that the shipment could set a precedent that potentially could lead to overfishing in a sensitive part of the South Atlantic — while also undermining longstanding international agreements.

The seemingly small case flows out of an international fish fight at the bottom of the world set off by Russia’s rejection last year of catch limits for marine life near the south Pole.

Every year for four decades, governments banded together in the Commission on the Conservation of Antarctic Marine Living Resources have set catch limits based on scientists’ recommendations.

Since the commission works by consensus, Russia’s refusal was an effective veto of the international limits.

The U.K.’s response was to unilaterally issue its own licenses to fish for sea bass off the coast of South Georgia, an uninhabited island it controls in the south Atlantic. That drew vociferous fire from environmentalists as well as the U.S. government, which believes it undermines international fisheries management.

“This unfortunate situation is unprecedented,” a senior official from the U.S. National Marine Fishery Service wrote in a letter to Southern Cross that denied its August application to import frozen sea bass. “It poses novel legal and policy questions, and implicates sensitive foreign affairs concerns.”

Chilean sea bass from South Georgia can sell for $32 a pound in U.S. supermarkets and for decades the fishery near South Georgia was a poster child for international cooperation. It brought together powers like Russia, China and the U.S. to protect the chilly, crystal blue southern ocean from the sort of fishing free-for-all seen on the high seas elsewhere.

Southern Cross said in its lawsuit that that the Antarctic commission’s rules don’t bar fishing for Patagonia toothfish, as sea bass is also known. It also said that its license was granted under the U.K.’s own limit for the current season of 1,670 metric tons — which was even lower than lower than the level recommended by commission scientists.

In rejecting Southern Cross’ application, U.S. officials acknowledged that there is no explicit ban. But they expressed concern that less responsible nations might used the precedent to block consensus on the commission and then fish without restrictions whatsoever.

Southern Cross was registered as a company in Texas only in June and doesn’t have a website. It lists its address as a waterfront, $1.1 million home in a suburb of Houston that belongs to the company’s two listed owners, Daniel and Jerri Thomas.

The company has received only two shipments of seafood in the U.S. — both of them Chilean sea bass sent to South Florida last month.

One of the shipments came from Argos Froyanes, a British-Norwegian company that pioneered techniques credited with dramatically reducing seabird mortality in the South Atlantic.

An attorney for Southern Cross declined to comment as did a spokeswoman for the National Oceanic and Atmospheric Administration.

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Authors
By Joshua Goodman
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Environment

Brazil uses ‘gold fingerprinting’ to fight illegal mining in the Amazon
EnvironmentScience
Brazil uses ‘gold fingerprinting’ to fight illegal mining in the Amazon
By Gabriela Sa Pessoa and The Associated PressJuly 24, 2026
15 hours ago
Wildfires force 80,000 evacuations in France and Spain as EU sends reinforcements
EnvironmentEuropean Union
Wildfires force 80,000 evacuations in France and Spain as EU sends reinforcements
By Samuel Petrequin, Joseph Wilson, The Associated Press and Caroline BlumbergJuly 24, 2026
15 hours ago
Can Bangkok future-proof itself against the heat?
CommentaryThailand
Can Bangkok future-proof itself against the heat?
By Curtis S. Chin and Ella TanJuly 23, 2026
1 day ago
ford
EnergyAutos
Ford’s F-150 now doubles as a $1,100 home backup generator
By Alexa St. John and The Associated PressJuly 23, 2026
2 days ago
Northrop Grumman launches private robot mission to strap jetpacks on aging satellites
InnovationSpaceX
Northrop Grumman launches private robot mission to strap jetpacks on aging satellites
By Marcia DunnJuly 22, 2026
3 days ago
A ski worker in winter skiing gear strikes a pose in front of a ski slope in Lesotho.
Travel & LeisureDonald Trump
In Lesotho, the country’s only fully operational ski resort offers snowy slopes for Africa’s ski enthusiasts
By The Associated Press and Mogomotsi MagomeJuly 21, 2026
3 days ago

Most Popular

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
22 hours ago
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
Big Tech
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
2 days ago
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
By Sasha RogelbergJuly 23, 2026
2 days ago
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
3 days ago
Current price of oil as of July 24, 2026
Personal Finance
Current price of oil as of July 24, 2026
By Joseph HostetlerJuly 24, 2026
20 hours ago
Turns out Dead Internet Theory was right: AI agents are eating the Web, growing by nearly 8,000% and rewiring the Internet's business model
AI
Turns out Dead Internet Theory was right: AI agents are eating the Web, growing by nearly 8,000% and rewiring the Internet's business model
By Mia OsmonbekovJuly 23, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.