EMEA editor Neil Ramsden brings you a roundup of the main stories from the previous week
Our most-read stories from last week -- week 47 of 2024 -- were a trio from North America featuring lobster supply and M&A.
The top news was the news that Canada's biggest lobster fishing areas, 33 and 34, off the southeastern and southwestern coasts of the province of Nova Scotia, respectively, weren't to begin their seasons on Sunday (Nov. 24) or Monday (Nov. 25) as scheduleddue to high winds.
Also in Canada, the "For Sale" sign has just gone up for LeBreton Fisheries, a major family-owned lobster company in the Canadian province of New Brunswick, and reportedly for multiple other lobster-related holdings in Atlantic Canada as well.
And more processing consolidation is being mooted in Alaska, with acquisitive industry giant Silver Bay Seafoods in talks to take control of OBI Seafoods' 10 plants and buying stations in the US state. Silver Bay CEO Cora Campbell announced the planned lease-to-buy deal for OBI's operations during a shareholder meeting held on Tuesday at the Tulalip casino resort.
Also last week, Undercurrent News reported live from the Arctic Securities Seafood Investor Conference on Nov. 21, which brought together many of Norway's largest seafood companies in the capital, Oslo. You can catch up on all the news from that event here.
For links to all of last week's biggest stories, click the headlines below.
- Canadian lobster dock prices high in advance of big openings
- McDonald's Filet-O-Fish earns big smile from Trump
- Liquidation experts take over troubled US offshore farmer that once had $170m backing
- American Seafoods promotes Andreassen to CEO after Gustafsson's exit
- Sweeping changes announced for world's largest snow crab fishery
- Ex-bankrupt with past seafood theft conviction buys back UK plant in pre-pack deal
- AquaBounty lays off staff as company denies rumors of shutting down
- Former American Seafoods CEO Gustafsson lines up consortium bid for company
- ITC rules US shrimp industry suffered as a result of imports, cements AD, CVD rates
- Indian shrimp processors bet on China, black tiger shift amid Ecuador pressure
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