Daily recap: EU pollock processors hit by freight rates; Newfoundland fisheries minister lists priorities

Here's?a recap of the top daily seafood stories from Tuesday, Aug. 20:?

• Maersk: EU pollock processors worst hit by rapid freight rate rise, relief not coming soon

The European pollock processing sector is one of the most exposed in seafood to the rapid rise in freight rates from Asia, due to a lack of alternative supply options, according to a senior executive from AP Moller-Maersk.

• Newfoundland's repeat fisheries minister puts old issue at top of to-do list

The newly minted fisheries minister in the Canadian province of Newfoundland and Labrador takes less than a second to reply when asked what is the highest priority on his to-do list.

• Week 34 shrimp prices reach 12-month highs in India, jump again in Vietnam

There are no signs of a slowdown in price increases for Indian shrimp in week 34 (Aug 19-25), which have now risen to their highest level in over 12 months for some sizes, while Vietnam's large-sized shrimp also jumped in value, according to?Undercurrent News'?data portal.

• Canada grants 51 BC land-based aquaculture facilities nine-year licenses

Canada's Department of Fisheries and Oceans has quietly renewed 51 licenses for existing land-based aquaculture facilities in the province of British Columbia, extending each for a nine-year term.

• Aftermath of Norway's torrid winter hits SalMar's Q2, Scottish rebound continues

SalMar's farming operations in Norway continued to be hampered by the difficult winter growth conditions, according to its Q2 report, with its earnings nearly halved year-on-year across the first half of 2024.

• US gov't pledges $34m to modernize fisheries management

The president Joe Biden administration announced last week that it's allocating $34 million to the National Oceanic and Atmospheric Administration to modernize the nation's fisheries management practices.