EMEA editor Neil Ramsden brings you a roundup of the main stories from the previous week.  

The most-read story from last week was the sinking of the Canadian fishing vessel Knot Too Shore, 36 nautical miles west of Seal Island in the province of Nova Scotia. The four crew were rescued safely.

Meanwhile, a lobster fisherman -- also in Nova Scotia -- was handed fines totaling nearly CAD 25,000 ($17,645) for multiple violations under Canada's Fisheries Act.

In more commercial news, AquaBounty Technologies -- the US company that developed the world's first genetically engineered salmon -- has announced it's shutting down its remaining farm operations and saying goodbye to its CEO. "AquaBounty will immediately begin to wind down its Bay Fortune operation, its only remaining operating farm, including the culling of all remaining fish and a reduction of substantially all personnel over the course of the next several weeks," said David Frank, the chief financial officer and interim CEO, in a statement.

And fisheries managers in the US state of Alaska have announced a 341,500 pound (155 metric ton) harvest for golden king crab in Southeast waters in 2025 -- a 25% increase over the previous season.

In Europe, the rocketing prices for Atlantic cod, which look set to continue into 2025 with a further 25% reduction in supply from the Barents Sea, mean Denmark's A. Espersen must change its strategy, its new CEO told Undercurrent News. Espersen expects Atlantic cod prices to continue rising in 2025. The quota will come down 25% to 340,000t after a 20% cut in 2024, presenting a "crisis" for the processing sector. Meanwhile, prices for frozen, headed and gutted Norwegian and Russian for delivery to China have hit record levels. 

And last but not least, last week, Undercurrent unveiled its new US seafood wholesale pricing platform, which launches with benchmark assessments for farmed shrimp and Argentine reds, frozen lobster tails and meat and scallops, as well as wild and farmed whitefish.

For the rest of last week's biggest stories, click the headline below:

• Newfoundland fisheries minister stands by snow crab inspection protocols
• State-managed Pacific cod fishery in Alaska spared major cut for 2025
• Peter Pan Seafood pays up for EPA violation at Alaska plant sold to Silver Bay
• OCI scraps plan for seafood retail packing plant, construction firm to sue
• Circle Seafoods pays premium for Alaska pink salmon, looks ahead to expansion in 2025
• Kyokuyo launches $24m surimi stick plant in US with 3,000t annual capacity
• Norway salmon prices see modest rise in run-up to Christmas, Chile flat, Scots scarce after storm
• Week 50 farm-gate shrimp roundup: Vietnam prices retreat, Indian hold firm amid regional flux
• Venezuela to resume shrimp exports to China, requesting full payment
• Thai Union court filing denies company owes Red Lobster $65m