Archive for November 2022
NTS reports higher revenue but lower profits
The NTS group has unveiled a reduced third quarter operating profit or EBIT of NOK 78.5 million (£6.5m). The operating profit in Q3 last year was NOK 98.3m (£8.1m). The results were announced as it emerged that SalMar is now making a bid for all the shares in the business, not just a majority holding.…
Read MoreSalmon prices up as Christmas approaches
Norwegian salmon prices are starting to rise again with Christmas just over four weeks away. According to figures from Statistics Norway fresh salmon was up by 3.1% last week to NOK 70.55 per kilo – and that figure is expected to increase further as the festive season draws near. It is several weeks since fresh…
Read MoreGrieg pulls out of BC First Nation territory
Grieg Seafood British Columbia has agreed to decommission a number of salmon farms in a territory run by the shíshálh First Nations Community. The company said the move was in line with its process of ongoing site restructuring in the region. The statement affirmed: “Grieg Seafood BC Ltd fully supports the First Nations in whose…
Read MoreSalmon Scotland joins international chefs group
Trade body Salmon Scotland has been accepted into the prestigious Worldchefs group, which represents chef associations across the globe. Through the partnership with Worldchefs, Salmon Scotland hopes to consolidate Scottish salmon’s position at the top of menus round the world and encourage more leading chefs to visit Scottish salmon farms to “get their feet wet” and see…
Read MoreStirling gets funding for Far East project
The University of Stirling’s Institute of Aquaculture has secured funding to improve the welfare of farmed fish in Thailand and Vietnam, with the additional aim of enhancing the quality of fish for human consumption. The Institute has been awarded £780,000 for the project from Open Philanthropy, a grant-making organisation based in the US. The funding…
Read MoreSikes to take CEO job at Cargill
Feed giant Cargill has named Brian Sikes as the group’s next President and Chief Executive Officer. He will take up the role as of 1 January 2023, when the current CEO, Dave MacLennan, will assume the role of Executive Chair of Cargill’s Board of Directors. Sikes currently serves as Cargill’s Chief Operating Officer (COO), He…
Read MoreSeafood chief says harder times are coming
The Chief Executive of the Norwegian Seafood Council, Christian Chramer, has warned that the industry is facing tougher times ahead. Three weeks ago the industry hailed October as another record-breaking month for both salmon and other fish exports. But this week Chramer reminded Norway’s fish farmers and fishermen that global economies were tightening, which he…
Read MoreBid to cut state support for aquaculture redundancies
Labour and two other Norwegian left-leaning parties have said they want to reform redundancy rules in the aquaculture industry. More than 1,000 salmon process workers were handed layoff notices over the past couple of weeks, with the companies making it clear these are the consequences of the Oslo government’s ground rent tax proposal. This was…
Read MoreAnger over Washington State net-pen ban
Commercial net-pen fish farming will be effectively banned in Washington State following an executive order from Commissioner of Public Lands Hilary Franz. Washington, on the northwest Pacific coast of the USA, had already turned down applications to renew the leases for the state’s last two remaining net-pen fish farms, both operated by Cooke Aquaculture. Hilary…
Read MoreCooke completes Tassal takeover
Cooke Aquaculture has sealed the deal for its acquisition of Australia’s Tassal Group, in the completion of a process that was agreed in principle back in August this year. Cooke’s Australian subsidiary, also called Cooke, has acquired all outstanding shares of Tassal for AUD $5.23 (£2.93) per share in cash by way of a scheme…
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