Daily recap: US investor Acon closes Atlantic Capes buyout; Russian crab giant continues fleet renewal

Here's a recap of the top daily seafood stories from Monday, Dec. 23.

• US investor Acon finally closes Atlantic Capes buyout to create $500m shellfish platform

Private equity ACON Investments has closed its long-awaited buyout of the downstream division of US scallop giant Atlantic Capes Fisheries with its Atlantic Sustainable Catch company, sources told Undercurrent News. 

• Russian crab giant continues fleet renewal amid Asia pivot

One of Russia's largest crab fishing companies in western Russia is reporting strong growth in Asian markets and continues to modernize its fleet, despite Western sanctions affecting the country's seafood sector.

• Canadian inshore shrimp fleets fear more quota cuts in 2025

Coldwater shrimp harvesters in Canada's Gulf of St. Lawrence fear another quota cut could be coming in 2025.

• Russian H&G pollock price fall continues ahead of early Chinese New Year

Prices for frozen headed and gutted Russian pollock in the 25cm-plus size fell sharply in week 51 (Dec. 16-12), following the typical seasonal pattern.

• Small scallops get cheaper at US docks, while price tag grows for all others

Be careful if you are doing any last-minute holiday shopping for Atlantic scallops landed in the US, with prices headed in opposite directions depending on whether you're after large or small mollusks.

• Cod, haddock prices rise on Scotland's Shetland auction, yet Peterhead trends vary

Prices for cod and haddock have surged at Scotland's Shetland auction, while at the Peterhead market, trends have been more mixed, with cod seeing price decreases across most sizes.

• Atlantic Sapphire approves reverse split to streamline share structure

Florida, US-based salmon farmer Atlantic Sapphire has approved a 200:1 reverse share split, a move aimed at simplifying its share structure and improving investors' perceptions of its stock.