Archive for September 2023
Norway’s farmed cod exports on the rise
Norway’s cod farmers may be having a tough time financially of late, but what they produce is now attracting increased demand from buyers abroad. The Norwegian Seafood Council reports that 408 tonnes worth NOK 26.7m (almost £2m) were exported last month. No farmed cod was sold overseas in August last year. Seafood Council analyst Eivind Hestvik…
Read MoreSalMar planning huge increase in output
SalMar is planning to increase its annual output by at least a third, investors will be told today. The world’s second largest producer of Atlantic Salmon, and part owner of Scottish Sea Farms, is due to outline its ambitions at a Capital Markets Day event in Tromsø. CEO Frode Arntsen will say that sustainable organic growth…
Read MoreShrimp vaccine business raises $8.25m
An Israeli company that aims to revolutionise vaccination for shrimp farming has raised US $8.25m (£6.6m) from a consortium of venture capitalists. ViAqua Therapeutics is developing an orally delivered vaccine platform for the targeted administration of RNA-based solutions to improve disease resistance in aquaculture. RNA vaccines work by introducing an mRNA sequence (a specific molecule…
Read MoreNew owners wind up FiiZK subsidiaries
A major restructuring of the troubled FiiZK group, a leading Norwegian supplier of closed and semi closed cage solutions for the aquaculture sector, has been completed. The industrial technology company Nekkar and BEWI Investments have together acquired an 80% share in part of the business, which has been experiencing difficulties, and are now the two…
Read MoreNorway salmon exports continue 30-month run of growth
Norwegian salmon exports were up by value again during August, increasing month on month consistently for the past two and a half years. Figures published by the Norwegian Seafood Council today reveal that the country’s salmon farmers sold 125,041 tonnes of fish worth NOK 10.7bn (£793m) last month. This represents a value increase of 18%,…
Read MoreVolunteers get ready for major fjord clean-up
The world’s largest waste plastic clean-up is soon to get underway, involving hundreds of volunteers, fish farm workers and fishing personnel. The event will take place in Hardangerfjord in the Vestland region of Norway (pictured) , which is close to fish farms. It is also the country’s second largest fjord and the fifth longest in…
Read MoreIceland Seafood nets nine Great Taste awards
Iceland Seafood International (ISI) is celebrating nine successes at the 2023 Great Taste Awards, seven of them salmon products. The awards also saw success for, among others, Bakkafrost Scotland and Loch Fyne Oysters. ISI’s awards were all achieved through its Oceanpath Irish operation, which includes salmon specialist Dunn’s of Dublin, Ireland’s oldest seafood company. Iceland…
Read MoreIndia deal brings opportunity for Tassal
Tasmanian salmon farming company Tassal is poised to net a potentially large export breakthrough, following a trade agreement between Australia and India. Tassal is taking advantage of tariff cuts under the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) to enter this potentially huge south Asian market for the first time. Tassal, Australia’s largest salmon producer,…
Read MoreSeafish advises UK firms on immigration rules
UK industry authority Seafish has published new guidance to help seafood businesses employing workers from outside the UK better understand immigration requirements. Companies wishing to employ migrant workers in the seafood industry, either onshore or within 12 nautical miles of the shore, are likely to need to use a Skilled Worker Visa. Access to labour…
Read MoreSalmon price slide continues
Fresh salmon prices in Norway were down again last week, which means they have fallen continuously week on week over the past two months. The long decline has left salmon farmers and buyers alike asking: “When is it all going to stop?” It is a long time since the sector has experienced such a prolonged…
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