Archive for January 2023
Demand is high for AquaFuture Spain ’23
More than 90% of the exhibition space at AquaFuture Spain, the aquaculture trade show taking place in March this year, has already been reserved. The event, which is being held over 28-30 March 2023 at the Feira Internacional de Galicia ABANCA venue in Santiago de Compostela, is 30% bigger than the inaugural show last year,…
Read MoreGåsø finally parts company with NTS
Business tycoon Helge Gåsø has completely cut his ties with the NTS salmon and aquaculture services group, which he founded almost 30 years ago. According to a recent stock exchange announcement, he has sold his and his family’s remaining 46 million plus shares in the business, worth a total of NOK 3.5bn (£295m). Gåsø’s business…
Read MoreUS and Chinese markets drive Norway’s export success
Poland and Denmark, both with large salmon processing sectors, continued to be the largest markets for Norwegian salmon last year, according to the annual figures published by the Norwegian Seafood Council. But seafood sales to the UK, which traditionally buys a great deal of Norwegian cod and haddock, increased by 27% to NOK 7.8 bn…
Read MoreBakkafrost Scotland Q4 harvest holds steady
Bakkafrost’s Scotland operation produced an unchanged harvest of 5,100 tonnes during the final quarter of 2022, the latest trading update from the company, out today, shows. During last year Bakkafrost secured land to build a large new hatchery in Scotland, in addition to its site at Applecross which is being upgraded. CEO Regin Jacobsen said…
Read MoreNorwegian seafood exports smash through NOK 150bn barrier
Norwegian seafood exports in 2022 hit a dramatic record of NOK 151.4 billion (£12.6bn), figures from the country’s Seafood Council today show. Also last year, overseas sales of farmed salmon exceeded NOK 100 bn (£8.3bn) for the first time. To give some idea of how Norway’s exports have surged since Covid, in 2019, the last…
Read MoreAlgaEurope 2022 sees record attendance
This year’s edition of AlgaEurope, the annual conference presenting scientific findings and trends in the algae and seaweed sector, attracted 425 delegates – a record in the history of the event – hailing from 44 countries. The first in-person event after a two-year hiatus, AlgaEurope, which took place at the Ergife Palace Hotel in Rome,…
Read MoreKingfish Company appoints new CEO
The Kingfish Company looks set to appoint the highly experienced aquaculture executive Vincent Erenst as its new CEO. He is due to take over on 6 February from Ohad Maiman, founder of the yellowtail farming business who announced two months ago that he plans to step down from the role. Kingfish said in a Stock…
Read MoreLook at Faroese tax model, urges Seafood Norway
Employers’ organisation Seafood Norway is appealing to the Norwegian government to look to the Faroe Islands as a possible model for introducing a new ground rent tax for fish farming. Seafood Norway says the Faroese system is tried and tested and is also being used by Iceland. The organisation’s Chairman Paul Birger Torgnes said: “It…
Read MoreSon of Samherji’s CEO buys overseas division
The European and North American operations of Samherji, Iceland’s largest integrated seafood group, have been acquired by a company run by the son of the group’s Chief Executive Officer. A Netherlands-based company owned by Baldvin Thorsteinsson (Þorsteinsson), son of Samherji’s CEO, Thorsteinn Már Baldvinsson) has reached an agreement to buy the assets of Álda Seafood, the…
Read MoreCompanies now paying Norway’s new salmon tax
Norway’s controversial new salmon tax came into force yesterday, even though it is officially not yet law. Despite numerous pleas for a postponement, Finance Minister Trygve Slagsvold Vedum said those companies who are affected will be liable for the “ground rent” tax as from 1 January. This is despite the absence of a parliamentary vote on…
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