Archive for August 2019
Young\’s paid Pinneys staff £7.7 million
YOUNG’S Seafood spent more than £7 million on redundancy payments to the 450 staff who worked at its Pinneys salmon site in Annan, the company’s annual report has revealed. The factory closed amid controversy last year after the company decided to move salmon production to Grimsby and abandon the manufacture of some loss making items.…
Read MoreYoung\’s paid Pinneys staff £7.7 million
YOUNG’S Seafood spent more than £7 million on redundancy payments to the 450 staff who worked at its Pinneys salmon site in Annan, the company’s annual report has revealed. The factory closed amid controversy last year after the company decided to move salmon production to Grimsby and abandon the manufacture of some loss making items.…
Read MoreBBC’s Humphrys ‘swam under salmon cage’
BBC Today show host John Humphrys has revealed that he once swam beneath a salmon cage to inspect fish waste. During an interview with Mowi Scotland director of communications Ian Roberts this morning, the veteran broadcaster made clear his opposition to salmon farming. Quizzing Roberts about Mowi’s proposal to build a ‘huge’ farm off the…
Read MoreNorway fighting fake news on salmon
THE Norwegian Seafood Council has revealed it is spending a lot of time and resources fighting fake news reports circulating around the safety of farmed salmon. The battleground appears to be concentrated in Asia – and South Korea, in particular. Salmon exports to that country have increased by 172 per cent in volume and 300…
Read MoreMowi uses ‘Gannet’ to process salmon at sea
PROCESSING salmon at sea could address the potential crisis of delayed cross Channel freight deliveries in the wake of a no deal Brexit. The new Norwegian processing ship Norwegian Gannet has made its first trip to Scotland, picking up 594 tonnes of salmon from Mowi’s Portnalong site on Skye. According to a report today by…
Read MoreAKVA lands new Cooke deal
AKVA group’s land based division has announced a deal with Cooke Aquaculture for ‘several larger land based smolt projects’. The first of these is a project in Chile, due to be finalised in Q3 2019, with delivery expected from Q4 2019 to Q4 2021, said AKVA. The Norwegian based company’s land based business has experienced…
Read MoreYoung\’s profits and turnover rise
YOUNG\’S Seafood appears to be on a bounce, announcing higher turnover and profits for its latest financial year. Sales increased by 4.3 per cent to £545.9 million while EBITDA shot up by 16 per cent to £23 million and the operating profit rose from £8.4 million to £11.5 million. The company has been successful in…
Read MoreYoung\’s profits and turnover rise
YOUNG\’S Seafood appears to be on a bounce, announcing higher turnover and profits for its latest financial year. Sales increased by 4.3 per cent to £545.9 million while EBITDA shot up by 16 per cent to £23 million and the operating profit rose from £8.4 million to £11.5 million. The company has been successful in…
Read MoreSalmon to China by rail plan moves ahead
A SCANDINAVIAN consortium is pressing ahead this week with a bold new plan to send Norwegian salmon across Russia to China by rail. The first container shipments are expected to be on their way within the next two months. The plan is going ahead despite a recent unexplained decision by Russia to send back two…
Read MoreScottish salmon exports soar by 25%
EXPORTS of Scottish farmed salmon for the first six months of this year are up 25 per cent in value on last year’s figures, to £319 million. And according to figures published today by HMRC, volume has also increased by 25 per cent, to 47,000 tonnes, compared to the same period in 2018. France was…
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