Daily recap: Arctic Securities conference recapped; Gustaffson lines up bid for American Seafoods

Here's a recap of the top daily seafood stories from Friday, Nov. 22

• Arctic Securities conference: Akvafuture looks to Canada due to lack of Norwegian backing; Veramaris to double capacity in US

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, at the Hotel Continental.

• Former American Seafoods CEO Gustafsson lines up consortium bid for company

Having parted ways with American Seafoods Group this week, former CEO Einar Gustafsson is working on a bid to buy the company with a group of investors, sources told Undercurrent.

• Strong demand for Vietnam shrimp sees high exports, empties inventories

October saw surprisingly high export volumes of farmed vannamei from Vietnam with demand from all key markets strong, according to a Ho Chi Minh City-based consultancy compiling trade data for Undercurrent.

• Heavy winds to delay opening of Canada's biggest lobster fisheries for days

Canada's biggest lobster fishing areas, 33 and 34, off the southeastern and southwestern coasts of the province of Nova Scotia, respectively,?won't begin their seasons on Sunday (Nov. 24) or Monday (Nov. 25) as scheduled.

• Ex-vessel prices for male king crab rise see another slight rise in week 46

In week 46 (Nov. 11-17) of 2024, the Norwegian king crab market witnessed a new modest increase in prices of male specimens.

• US seafood industry cautions Biden against last-minute national monument proclamations

There are only two months left in the administration of outgoing US president Joe Biden, but the commercial seafood industry wants to make sure he doesn't use that time to cut them off from any additional harvesting grounds.?

• Russian gov't backs new $85m aqua-feed plant

Russian authorities have continued to support the construction of new aquaculture feed production facilities in an effort to eliminate reliance on imports.

• Brazil shrimp industry leader identifies barriers to boosting exports, domestic consumption

Brazil's shrimp farming industry has plenty of potential but must invest to address its shortcomings,Itamar Rocha declared.?

• Norway salmon spot prices keep climbing as farmers hold back, taking Scottish, Chilean up too

Spot prices for farmed Norwegian and Scottish salmon both look set to rise in week 48 -- commencing Nov. 25 -- while Chilean, too, continue to trend upward, industry sources told Undercurrent.