Daily recap: American Seafoods names new CEO; Convicted ex-bankrupt buys back UK plant

Here's a recap of the top daily seafood stories from Wednesday, Nov. 20

• American Seafoods promotes Andreassen to CEO after Gustafsson’s exit

The largest US at-sea pollock processor, American Seafoods Group, has promoted long-time executive Inge Andreassen to CEO, the company announced on Nov. 20.

• Ex-bankrupt with past seafood theft conviction buys back UK plant in pre-pack deal

A new UK seafood company that has inked a pre-pack administration deal for a processing plant is connected to a man with a history of fraud and theft in the industry, Undercurrent News?has learned.?

• Silver Bay in takeover talks for OBI's Alaska plants

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.

• China whitefish buyers worry with H&G cod, haddock prices stable at record levels

The continued high prices for frozen headed and gutted (H&G) Atlantic cod and haddock are worrying buyers and Chinese processors, sources told Undercurrent.

• Trump's pick to head Commerce, NOAA expected to lead tariff agenda, too

Donald Trump's choice to head the Department of Commerce might also lean heavily into the US president-elect's aggressive tariff agenda, though little is known about his stance on seafood.

• Scottish salmon farming moratorium debate heats up as MPs weigh future

In recent years, Scotland's salmon farming industry has found itself at the center of an intense debate over sustainability, fish welfare, and environmental impact.

• Shrimp gains ground in US retail market amid lower prices?

Fresh and frozen shrimp drove growth in the US retail seafood market in October, with lower prices spurring strong volume increases.

• New 12-tank grow-out facility to open in Q1 at Iceland's Kaldvik

Icelandic salmon farmer Kaldvik -- formerly Ice Fish Farm -- expects to have a new freshwater grow-out facility up and running in the first quarter of 2025.