Archive for November 2018
Benchmark reports earnings rise
BENCHMARK, the aquaculture health business, has reported a 65 per cent growth in its annual earnings before tax (EBITDA), to £16.5 million. In a trading update for the year ended September 30, 2018, the company recorded revenues above £150 million (2017: £140.2 million), a growth of seven per cent. Underlying earnings were ahead of market…
Read MoreGrieg Shetland tackling biological issues
GRIEG Seafood today unveiled profits after tax of almost 225 million kroners for the third quarter of 2018, up from the corresponding 2017 figure of NOK 190.5 million. Harvest figures for the quarter were also slightly higher at 16.941 tonnes, compared with 16,875 tonnes a year ago. But its Shetland, operations continued to present biological…
Read MoreSEPA plans tighter controls but bigger farms
SCOTTISH fish farms will be able to expand, with larger farms in ‘sustainable locations’, but will be subject to tighter environmental controls, under proposals for a revised regulatory regime published today by SEPA. The Scottish Environment Protection Agency’s 16-month investigation into salmon farms concludes that medicines, particularly emamectin benzoate used in the control of sea…
Read MoreSkretting to close down UK feed plants
FEED company Skretting is to close down its UK operations due to market overcapacity, the company announced today. The Stavanger, Norway, headquartered firm has started a process of consulting with employees with the view to cease production in the UK at the end of April 2019. The move is aimed at reducing the overcapacity in the highly…
Read MoreTuesday, November 6, fish prices from Grimsby market
FISH PRICES TUESDAY 6TH NOVEMBER 2018 TOTAL BOXES FOR SALE: 2228 TODAY KILOS: 111400 WE DO NOT BUY OR SELL FISH THIS IS A ROUGH GUIDE ONLY – Prices are in £ per kilo Vessels Overland Norwegian Icelandic Other – 77 14 1995 142 SPECIES Size Low High Low High Low High COD 1 XL…
Read MoreTuesday, November 6, fish prices from Peterhead market
PETERHEAD FISH MARKET PRICES Tuesday 06.11.2018 Boats 4 Consignments 9 Boxes 2739 Cod Large £2.50 – £3.70 Cod Medium £2.20 – £2.70 Cod Selected £2.00 – £2.40 Cod Small £1.60 – £2.00 Haddock Large £2.30 – £2.50 Haddock Medium £2.20 – £2.40 Haddock Selected £2.00 – £2.40 Seed £1.85 – £2.30 Chippers £1.25 – £2.25…
Read MoreBakkafrost upbeat despite higher costs
INCREASED costs involved in dealing with a high number of fish deaths from poisonous algae in September and lower salmon prices during the summer have impacted on Bakkafrost’s 2018 third quarter results. The Faroe Islands’ largest salmon farming company today announced mixed results, with a total third quarter EBIT (earnings before interest and tax) of…
Read MoreNorway Royal Salmon profits slump
NORWAY Royal Salmon saw its 2018 third quarter operational EBIT fall by 82 per cent year-on-year, partly the result of an outbreak of ISA salmon disease and lower harvests. The company today reported an EBIT of 35 million Norwegian kroners (NOK) compared to NOK 192 million in Q3 2017. CEO Charles Høstlund said: ‘During the…
Read MoreIceland fish farms get temporary licences
TWO Icelandic fish farming companies who were stopped from expanding operations in the Westfjords region six weeks ago have now been granted temporary licences by Iceland’s Department of Fisheries. The companies, Fjarðarlax (owned by Arnarlax) and the Arctic Sea Farm, had planned to produce up to 17,500 tonnes of salmon in Patreksfjordur and Tálknafjörður, both…
Read MoreNorway salmon exports at all time high
EXPORTS of Norwegian salmon hit a monthly all time high in October, the latest figures released today show. The country’s aquaculture companies last month sold 104,000 tonnes of salmon worth 6.5 billion kroners (almost £600 million) This represents a volume increase of eight per cent and a value increase of NOK 827 million or 15…
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