Posts by Vince McDonagh
Oslo Børs fines Gigante Salmon over information failure
Norwegian fish farmer Gigante Salmon has been rapped by the Oslo Børs for breaching the duty to disclose inside information.
The Euronext Oslo Børs, Norway’s stock exchange, has also imposed a fine or infringement fee of NOK 220,000 (£15,500) on the company.
Read MoreHøstlund named as CEO of Nordic Aquafarms
Charles Høstlund, the former head of Norway Royal Salmon (NRS), has been appointed as CEO of Nordic Aquafarms, the land-based fish farmer.
He had been chairman of Nordic Aquafarms and his elevation follows the departure of the previous CEO, Bernt Olav Røttingsnes, who had earlier indicated he wanted to step down after six years in the post.
Read MoreSalmon tax starts to bite
The so-called “ground rent tax” on Norway’s fish farmers is taking its toll, Vince McDonagh finds.
Read MoreNordic Halibut achieves premium prices
Fish farmer Nordic Halibut has reported a sound second quarter performance with a higher harvest and a near 100% superior quality rate.
The Norwegian-based company slaughtered 140 tonnes, up from 125 tonnes, during the April to June period, with an average weight of 4.5 kg but more importantly it achieved higher prices for this premium quality and popular white fish.
Read MoreConservatives pledge cut in salmon tax
With a general election in Norway just a year away, the Conservative Party is promising big cuts to the salmon tax.
The Conservatives, known in Norway as the Høyre Party, and their more right wing allies are currently ahead of the ruling Labour-Centre Party alliance in the opinion polls. However, the gap is not huge and the salmon tax – also known as the “ground rent” tax – is not such a major issue in towns and cities away from fish farming areas.
Read MoreGrieg Seafood sets more ambitious climate targets
Grieg Seafood group has updated its climate target in order to fall in line with the 1.5 degree Paris Agreement.
The company, which is planning to significantly reduce its own carbon emissions, said the move is to help ensure the health of the planet and the future of the aquaculture industry.
Read MoreAldi has invested £45m in UK seafood business
The discount supermarket chain Aldi has invested more than £45m in the British seafood industry over the past 12 months, it has revealed.
This increased investment is part of the UK’s fourth-largest supermarket’s ongoing commitment to championing British quality and supporting more UK suppliers.
Read MoreTakeover of Danish processor may be good news for Scotland
Scottish salmon sales could receive a lift following the takeover of Danish processing company Insula Hvide Sande. The Norwegian company First Seafood, based in Bergen, has announced its decision to acquire 100% of the shares in the company. First Seafood Chief Commercial Officer Roy Olsen said the acquisition should give an increase in filleting capacity…
Read MoreKingfish Company moves towards profit as sales rise
The Netherlands-based Kingfish Company, which produces yellowtail in a land-based farm, saw growth accelerate during the second quarter of this year.
Announcing its Q2 financial results, The Kingfish Company saw its volume production rise by 36% from 377 tonnes a year ago to 512 tonnes this quarter and 922 tonnes for the half year against 740 tonnes in H1 2023.
Read MoreNorwegian salmon prices plummet to 2022 levels
The export price of Norwegian fresh salmon fell last week to its lowest point for two years.
It dropped down during week 35 – the final week of August – to NOK 73.93 per kilo, lower than at any point this year or in 2023.
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