Archive for February 2023
Former SalMar CEO to head Bremnes group
Linda Litlekalsøy Aase, the former CEO of SalMar, has been appointed to head the family-owned salmon farmer Bremnes Fryseri AS. Aase had only been in the top SalMar post for a few months before resigning last October. She did not give a specific reason, although she later said it was the right thing for the…
Read MoreLoch Long Salmon to appeal against planning decision
Loch Long Salmon is to appeal against the decision to turn down the company’s application to build Scotland’s first semi-closed fish farm. The proposed farm at Beinn Reithe, near Arrochar, fell within the Loch Lomond and The Trossachs National Park, and the Park’s board rejected the company’s planning application in October last year. Announcing the…
Read More200 jobs saved as Iceland Seafood opts to stay in UK
Iceland Seafood International (ISI) is to continue operating in the UK and has shelved plans to sell its Grimsby processing centre. The ISI directors said that the performance of the company’s UK operations had improved since the first closure announcement in November. They also said the current state of the sector meant that ISI’s efforts…
Read MoreBakkafrost certified under health and safety standard
Salmon producer Bakkafrost Scotland has been certified as meeting the international health and safety standard ISO 45001. Certification was awarded by the independently accredited assessment body NQA. It means that Bakkafrost Scotland has met the highest standards for occupational health and safety. Stephen Burt, Certification Auditor for NQA commented: “Bakkafrost Scotland should be immensely proud of…
Read MoreThe US is now Norway’s largest seafood market
Norwegian seafood exports got off to their best ever January start, with the United States emerging as the largest market for the first time in more than 30 years. The country’s seafood exports for the month totalled NOK 12.7 billion (just over £1bn), a rise of 23% on a year ago. As usual salmon was…
Read MoreSalmon shares plunge as Vedum stands firm on tax
Salmon shares plunged on the Oslo Stock Exchange yesterday afternoon after Finance Minister Trygve Vedum drew back from earlier optimistic noises on the salmon tax. He told Finansavisen and e.24, two of Norway’s leading financial news outlets that the original figure of 40% should remain. SalMar shares fell by 10% at one point, while Leroy fell…
Read MoreCadman snaps up Canada’s Quoddy Savour Seafood
Alternative asset investment firm Cadman Capital Group has acquired Quoddy Savour Seafood, a Canadian land-based seafood farming and processing business. The Quoddy site has the capacity to raise and hold lobsters and urchins, as well as other key local fish species. It is based in Pennfield, New Brunswick in Eastern Canada and situated on a…
Read MoreNow even Norway’s consumers see high salmon prices
The export price of fresh salmon in Norway fell by 5.5% last week, but it is still way above what it was 12 months ago. And the fall hasn’t stopped Norwegian consumers complaining about the price of salmon in their own stores. According to the monitoring body Statistics Norway, prices dropped by NOK 5.21 to…
Read MoreAquaGen reports large profit rise
Aquaculture broodstock group AquaGen saw its pre-tax profits almost double over the past year, the company has reported. AquaGen is based in Norway, but has overseas offices in Stirling, Scotland and Chile. Turnover for the financial year 2021/2022 totalled NOK 672.2m (£55m) against NOK 531.4 million (£43m) in the previous period. This represents an increase of…
Read MoreCanadian government blamed for salmon price hikes
Consumers in Canada and the US are paying more for their salmon thanks to the Ottawa government’s hard line on fish farming. So says the Canadian Aquaculture Industry Alliance (CAIA), which argues that high spot prices for salmon are down to reduced production as a result of government policy. Grocers looking for more Canadian-grown product…
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