Archive for May 2022
Pub chain pulls salmon from menus
The pub chain Young’s, which has around 200 outlets across the UK, is taking salmon off its menu because it has become too expensive. This is the first sign of significant retail-led resistance to the sky-high rise in salmon prices. Young’s plans to replace salmon with trout, which is less expensive. The chain is also…
Read MoreSalmon giants in $85m ‘price-fixing’ settlement
At least four Norwegian salmon companies, including some of the biggest names in the business, have reached a settlement for US $85m in a class action in the United States over anti-competitive behaviour. The companies, among them Mowi, SalMar, Lerøy and Grieg, continue to insist there is no basis for the US allegations, dating back three…
Read MoreScottish Sea Farms wins first ASC certification
Salmon producer Scottish Sea Farms has been awarded its first certification from the Aquaculture Stewardship Council. The ASC accreditation is for SSF’s Summer Isles farms, but the company aims to have five of its facilities in Scotland certified by the end of 2022. The ASCV standard for farmed salmon is underpinned by seven core principles…
Read MoreSalmon Evolution gearing up for year-end first harvest
Land-based fish farming company Salmon Evolution has said it expects to complete its first harvest towards the end of this year. Salmon Evolution announced the key target as it unveiled its first quarter results for 2022 which show a deficit of NOK 11m (£916,000) against NOK 6.6m (£550,000) for the same period last year. Salmon…
Read MoreNorway Royal Salmon beats expectations in Q1
Norway Royal Salmon has announced a higher than forecast operating profit for the first quarter of this year. Ten days ago the company issued a profits warning after it revealed it had been affected by a higher incidence of winter sores than normal. It then expected a Q1 operating profit (earnings before interest and taxation…
Read MoreNew board members for Norcod
Two heavy hitters from the seafood sector have been appointed to the board of Norwegian cod farmer Norcod, as the company prepares to move on to the main list of the Oslo Stock Exchange. Former Norwegian Seafood Council CEO Renate Larsen and Trine Danielsen, Chief Commercial Officer of aquaculture industry organisation Blueplanet Academy AS joined…
Read MoreIcelandic salmon farmer hit by second ISA outbreak
Icelandic salmon farming company Laxar Fiskeldi has been hit by an ISA outbreak for the second time in five weeks. Laxar is currently finalising plans to merge with its sister company Ice Fish Farm. Both businesses are owned by Måsøval of Norway. The business disclosed the outbreak of infectious salmon anaemia at the weekend in an…
Read MoreGiant floating fish farm handed over
The Chinese company Qingdao Guoxin Development Group has taken delivery of a giant 100,000 tonne vessel which has been designed as a mobile fish farm. Guoxin 1 has been described as a technological breakthrough in open sea aquaculture. The 249.9 metre long vessel (pictured) , which looks more like an ocean going oil tanker, will…
Read MoreSwiss RAS farmer in ova deal with Benchmark
Salmon producer Swiss Alpine Fish has signed a contract with Benchmark Genetics to secure its supply of ova for the next five years. The company is Switzerland’s first commercial salmon farmer, operating a land-based RAS (recirculating aquaculture system) facility in Lostallo, in the Italian-speaking part of the country. Its product is sold, either processed and…
Read MoreHalibut farmer reports jump in sales
Fish farmer Nordic Halibut has reported a big increase in sales during the first three months of this year, proving it is not just salmon companies which are enjoying a boom. The company announced a 63% Q1 increase in revenues to NOK 18.65m (£1.5m). Nordic said it is experiencing increased demand from existing and new…
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