Archive for July 2023
Grieg facing large rise in production costs
Grieg Seafood saw its operating costs soar by up to 50% year-on-year in Norway and by more than 40% in Canada, it has reported in its 2023 second quarter trading update. The full impact of these higher costs on profits will not become apparent until the full second quarter results are published next month. However,…
Read MoreThe July 2023 issue of Fish Farmer is out now online
The July issue of Fish Farmer is out now, and you can read or download it here. This month we are celebrating the shellfish sector. When it comes to producing healthy protein for human consumption, with a minimal impact on the environment, it’s hard to beat farmed molluscs. You would think, therefore, this sector might…
Read MoreSeafood features in Excellence Awards shortlist
Salmon and salmon-based products have made a strong showing in the shortlist for the Scotland Food & Drink Excellence Awards 2023. St James Smokehouse’s Smoked Salmon Pure Royal Fillet, Belhaven Smokehouse’s Belhaven Cured Cold Smoked Salmon and Bakkafrost Scotland’s Native Hebridean Scottish Salmon are all in the running in the Fish & Seafood Products Category.…
Read MoreAcquisitions help boost SalMar’s Q2 harvest numbers
Salmon producer SalMar has announced an increase in its Norwegian 2022 second quarter harvest, adding almost 12,000 tonnes, but its Icelandic subsidiary reported very low figures. The large rise for SalMar is due to its acquisition of the NTS group last year, which included Norway Royal Salmon and other farming operations, which have now been…
Read MoreSeafood exporter Coast reports big jump in sales
Norwegian exporter Coast Seafood has reported a 14% increase in its turnover to NOK 6.4bn (£475m) for last year. In January this year, it bought the Danish company Vega Salmon for an undisclosed sum and it is reported that part or all of Vega’s performance has been included in the accounts. Vega Salmon produces around…
Read MoreNew Zealand King Salmon appoints CEO
New Zealand King Salmon has appointed the highly respected businessman Carl Carrington as its new Chief Executive Officer. The company said he brings a “wealth of executive and governance experience” to the business at a time when the company is resetting its strategic and operational focus following a challenging period. Carrington (pictured, below) has led…
Read MoreDonut heads out to start trials at sea
The Marine Donut, the world’s largest closed fish farm cage, left its construction site south of Oslo at the weekend, setting out on a 500 mile journey to its new production location. The 600 tonne thermoplastic structure was jacked onto a barge several days earlier in a ceremony watched by staff and directors of Bluegreen,…
Read MoreISA suspected at SalMar site
Infectious Salmon Anaemia (ISA) is feared at two more companies in Norway, the Norwegian Food Safety Authority has reported, while a suspected case discovered at the end of last month has now been confirmed. These latest incidents follow a high number of cases in June with farms in Vestland and Trondelag counties bearing the brunt.…
Read MoreSalmon Evolution reports success in tackling AGD
Land based fish farmer Salmon Evolution says that the biological issues affecting its site in Indre Harøy, Norway have now been resolved. In May the company said it was experiencing increased mortality levels following the discovery of biological problems which were mainly related to amoebic gill disease (AGD). The company then embarked on a water…
Read MoreŸnsect appoints new CEO, announces board changes
Alternative protein producer Ÿnsect has appointed a new CEO, Shankar Krishnamoorthy, as part of a board reorganisation that sees co-founder and former CEO Antoine Huber stepping down to focus on “innovation, science and impact”. Ÿnsect raised €160m (£137m) in its series D funding round in April this year. The company transforms mealworms into high-end, high-value…
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