Archive for June 2022
BioFeyn wins Seafood Innovation Award for 2022
BioFeyn, an aquafeed biotechnology business using nature-based materials, has been named as the winner of the Seafood Innovation Award at the North Atlantic Seafood Forum this morning. Founder and CEO Timothy Bouley, who is based in the US, accepted the award remotely. BioFeyn has applied biotechnology developed for human healthcare to create a solution that…
Read MoreSeafish pledges to help industry face new challenges
International trade challenges and labour and skills issues could hamper the UK seafood industry’s ability to thrive if not tackled correctly. That’s the warning from Seafish, the public body set up to promote the UK’s seafood industry, which has set out the five main challenges facing the sector, and how it intends to tackle them,…
Read MoreMajor investor sells off Mowi shares
Leading Belgian investment holding company Groupe Bruxelles Lambert SA (GBL) announced today it has completed the sale of around half its shareholding in Mowi for NOK 4.29 billion (£355.7m). The move, which started after closure of the Oslo Stock Exchange last night, involves 18.1 million shares in Mowi, corresponding to 3.5% of its total share capital,…
Read MoreShellfish producers in new joint venture
Two Dutch seafood businesses have joined forces to create a new joint venture to market sustainably produced shellfish and other products. The 50-50 joint venture has been set up by Cornelis Vrolijk and Krijn Verwijs Verseke, both family-owned companies based in the Netherlands. The aim is to take advantage of economies of scale and to…
Read MoreSSC takes on new identity as Bakkafrost Scotland
The Scottish Salmon Company (SSC) is rebranding as Bakkafrost Scotland, three years after its acquisition by the Faroese group. Bakkafrost said: “The corporate focus for the past two years has been to align the businesses and develop its core capabilities in Scotland. The renaming of the Scottish operations will ensure that the Group operates as ‘One…
Read MoreTrimmings are ‘safe’ as aquafeed, study finds
Sea bass and sea bream raised on a diet with a high proportion of fish trimmings are safe to consume, according to a study carried out for feed company Aquasoja. Fish trimmings are increasingly being used in aquafeed, as an alternative to fishmeal from wild catch sources, to reduce the pressure on wild stocks. There…
Read MoreSt James Smokehouse profits up
Thanks to some impressive cost savings, St James Smokehouse was able to increase its profits during 2020, despite the challenges posed by the pandemic. The Annan-based company has just published its accounts for the full year 2020, the most recent period for which detailed figures are available, which show pre-tax profits of £1.581m against 1.405m…
Read MoreSalmon prices hold firm, but hint of consumer resistance
Salmon prices continue to remain stubbornly high, the latest data from Statistics Norway shows. While they have not moved very far in either direction, fresh salmon is still hovering at around the NOK 100 a kilo (£8.30) mark. Reports suggest it is a similar picture with Scottish fish. Statistics Norway, whose figures tend to be…
Read MoreNorway charts fall in escaped salmon
Norway’s salmon and trout farmers have reported that the number of escaped farmed fish found in rivers has fallen to a low level over the past year. OURO, the organisation set up by the aquaculture industry and tasked with the responsibility of reducing the impact of such incidents by removing farmed fish from rivers, said…
Read MoreA new take on FIFO
A recent study from researchers at three UK universities (Cambridge, Lancaster and Liverpool) and the NGO Feedback Global argued that humans should be consuming small pelagic fish like sardines and anchovies instead of using them for marine ingredients (fishmeal and fish oil) in aquaculture and livestock feeds. It was argued that aquaculture would be imposing…
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