Archive for April 2024
Brighter Q1 results from Grieg Seafood and Salmon Evolution
Two Norwegian salmon companies, Grieg Seafood and Salmon Evolution, have published encouraging 2024 first quarter trading updates. The Grieg output is up by more than 30% on a year ago and totals approximately 21,000 tonnes against 15,350 tonnes 12 months ago. The main reason for the improvement is that British Columbia is now back in…
Read MoreLatest Norcod share issue falls short
Norwegian cod farmer Norcod has fallen well short of attracting investment from a new share issue which closed late last week. The company had hoped to net around NOK 16 million (almost £1.2m) from its latest offering of 1,333,333 new shares at a subscription price of NOK 12 per share. The subscription period for the…
Read MoreHurdles get higher
Bureaucracy, import duty and international tension are holding back seafood trade, the Norwegian Seafood Council says. Vince McDonagh reports War, international unrest and inflation are creating major challenges for seafood exporters, the Norwegian Seafood Council is warning in its latest update on trade. Salmon and related fish companies are operating in an extremely complex global…
Read MoreFuture proof
The eighth international Shellfish Conference, held in the Netherlands, covered some key topics for the industry, as Nicki Holmyard reports Future-proofing shellfish culture in the Netherlands was the subject of the eighth international Shellfish Conference in January in Deltapark Neeltje Jans, a theme park and nature reserve on the Eastern Scheldt. Shellfish farmers from all…
Read MorePacked programme for Aquaculture UK’s new Innovation Theatre
Aquaculture UK has unveiled the programme for its first ever Innovation Theatre, with presentations running in parallel with existing Keynote Theatre. The trade show and conference will be held over May 14-15 in Aviemore, Scotland. The Innovation Theatre is designed to showcase the fast-changing technology driving the sector. The show’s organisares, Diversified Communications, say the…
Read MoreNorwegian salmon prices hit 2024 high in run up to Easter
Fresh salmon prices hit their highest level of the year in Norway last week, according to the latest official figures. Statistics Norway, which monitors trends on a weekly basis, said the salmon price averaged NOK 115.19 (£8.50) in the immediate run-up to the Easter holiday (week 13) per kilo against NOK 106.78 (£7.88), a rise…
Read MoreLerøy Q1 salmon and trout harvest down
The Lerøy Seafood group’s salmon and trout harvest for the first quarter of 2024 is down by more than 2,000 tonnes, year-on-year. The company, which has had its share of biological and jellyfish attack problems in recent months, slaughtered 26,400 tonnes against 28,600 tonnes between January and March. The figures do not include output from…
Read MoreMarel is a step closer to US takeover
Marel, one of the world’s leading seafood and food processing equipment suppliers, announced today that it has entered into a voluntary takeover transaction agreement with the Chicago based John Bean Technologies Corporation (“JBT”) that aims to pave the way to a proposed takeover. A previous bid worth around US $2.6bn (around £2bn) by JBT late…
Read MoreWhat’s in a name? Rather more, as from today
Scotland’s fish farmers have succeeded in their bid to strengthen the rules over what is allowed to be called “Scottish salmon”. The UK Government has agreed to amend the “protected geographical indication” (PGI) for “Scottish farmed salmon” to “Scottish salmon”. This means that any product described in this way will have to meet strict criteria.…
Read MoreFunding secured for cleaner fish vaccination project
Research into the optimal formulation and delivery of vaccines to safeguard ballan wrasse from bacterial disease has been given a funding boost following a successful first phase. Researchers hope the project could lead to greater use of the cleaner fish to control sea lice on salmon farms. A consortium of UK academics and aquaculture partners…
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