Daily recap: Norway’s salmon earnings could rise $1.8bn; Trump’s cabinet pick targets offshore wind

Here's a recap of the top daily seafood stories from Wednesday, Nov. 27

• Analyst: Productivity initiatives could boost Norwegian salmon earnings $1.8bn per year

Norway's salmon sector stands to gain NOK 20 billion ($1.8bn) in earnings if it can resolve the various margin issues that have grown since the pandemic, according to Christian Nordby, an analyst with Arctic Securities .

• Trump vowed to end offshore wind, but will cabinet pick make good on promise?

Donald Trump has promised to end offshore wind in the US on day one of his next presidency -- a commitment that many in the commercial fishing industry applaud -- but will his cabinet pick carry out the task? 

• More auction records smashed by Norwegian whitefish as price spiral goes on

Norwegian auction prices for headed and gutted frozen cod, haddock and saithe have ascended to more record heights in the last fortnight, according to the latest data from Norway's Norges Råfisklag auction for week 47 (Nov. 18-24) of 2024.

• North American lobster tail, meat prices inch up ahead of big Canadian season

Wholesale prices for both North American lobster tails and meat are sliding up even in spite of two big Canadian lobster fishing areas kicking off this week, reports Gary Morrison, head of growth and strategy for Undercurrent News' new price reporting agency. 

• Salmon processor Milarex's sales surge 15% to €463m in 2023

Poland-based seafood processor Milarex reported a 14.8% rise in full-year revenue for 2023, driven by expansion in key markets despite cost pressures and volatile raw material prices.

• Nine-year tuna price-fixing saga ends as judge signs off on $130m settlement for US consumers

The US District Court for the Southern District of California has approved a $130 million settlement for the consumer class action against tuna companies StarKist Co. , Dongwon Industries and the former owner of Bumble Bee Foods , Lion Capital .

• Grieg open to sale of Canada salmon farming ops

Norway-headquartered salmon aquaculture company Grieg Seafood has said it is open to selling its operations in Canada as the process to find "long-term partners" there drags on.

• Proposals would crack down on Alaska's Prince William Sound pollock fishery

Four proposals to curtail Alaska's only state-managed pollock fishery will go to a regulatory panel next month as part of a broader effort to crack down on trawl bycatch on Prince William Sound.