Posts by Vince McDonagh
Hurdles 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 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 MoreBakkafrost Scotland recovery continues into 2024
Bakkafrost says its Scottish arm is on a steady but positive road to recovery, despite the latest trading update which shows a year-on-year fall in production for this year’s first quarter. The Scotland division has reported a harvest of 7,300 tonnes for the January to March period. This compares to 8,100 tonnes a year earlier,…
Read MoreNorway’s salmon record finally comes to an end
Norway’s amazing three year run of seafood export growth has finally stopped – at least for the time being. Figures from the Norwegian Seafood Council today show a fall in the value of sales, including salmon, both for last month and over the first quarter of 2024. Norway exported NOK 40.2bn (almost £3bn) worth of…
Read MoreCooke Aquaculture included on ‘Top Employers’ list
Cooke Aquaculture has been named as one of Atlantic Canada’s Top Employers for 2024. The company, which also has a large salmon farming business in Scotland, has won plaudits for the way its treats staff and builds strong communities. Kristina Leung, managing editor at Mediacorp, organisers of the annual Canada’s Top 100 Employers competition, said:…
Read MoreFilm star DiCaprio joins anti-farm campaign, faces backlash
A-list Hollywood actor Leonardo DiCaprio has become the latest celebrity to come out against open net pen fish farming in British Columbia – but his stance has sparked a backlash from indigenous groups who want to save the industry. The star of many hit movies including Titanic and The Great Gatsby (pictured, photo by Siebbi)…
Read MoreAqua energy company seeks partner
Norwegian aquaculture-related energy company Fjord Maritime is looking for a “strategic partner” to expand both at home and on the international stage. Fjord Maritime, which is a supplier of sustainable energy solutions to the industry, said it is conducting a capital expansion to strengthen its position nationally and internationally. The current owners and shareholders have…
Read MoreChile seafood giant profits hit by salmon woes
The giant Chilean fishing and aquaculture group Camanchaca saw its profits fall last year, mainly due to a slump in its aquaculture business. The company has blamed higher costs and weak demand for salmon, particularly during the second quarter of 2023. The group earnings came out around 5% higher at almost US $762m (£607m) of…
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