Markets Archive
Ireland to spend €23m on port upgrade
THE Irish government is investing more than €23 million to upgrade one if its main fishing ports in the south west of the country. Michael Creed, the minister for Agriculture, Food and the Marine, has signed a contract which will see a 216m-long quayside development and new port buildings on Dinish Island, Castletownbere, in County…
Read MoreUS seafood jobs hit by China trade war
THE National Fisheries Institute in the United States is turning its official website into a jobs information hub because of the threat to employment posed by President Trump’s tariff-led trade war with China. The website (AboutSeafood.com) now features video testimony from every aspect of the seafood workforce. It explores the reality of tariffs on real…
Read MoreNorway cod sales make steady progress
WHITE fish exports from Norway continued to make steady progress last month, the latest figures from the Norwegian Seafood Council show. Fresh cod exports, including fillets, during the month totalled 2,600 tonnes, a rise of five per cent. They netted the country’s fishermen 83 million kroner, an increase of ten per cent on 2017, and…
Read MoreSamherji buys major UK fish supplier
SAMHERJI, Iceland’s largest fishing company, has bought Collins Seafood, a major UK marketing and distribution company. Based at Newton Aycliffe in County Durham, where it employs 30 people, Collins sells and distributes frozen seafood in central and northern England. Many of its customers are fish and chip outlets. The sale figure has not been disclosed,…
Read MoreCod price spiral hits whole food chain
NORWAY may have exported less cod over the past six months, but its fishing companies are receiving more money for what they do sell. It is another sign of the upward price pressure on UK and European fish buyers, which in turn is impacting on performances, profits and jobs right down the food chain. The…
Read MoreUK fishermen hail industry White Paper
THE two main UK fishermen’s organisations have warmly welcomed the government’s White Paper on the post Brexit future of the fishing industry. The Scottish Fishermen’s Federation hailed the document titled Sustainable Fisheries as a signal of intent from the government to take back control of UK waters. And the National Federation of Fishermen’s Organisations, which…
Read MoreNorway woos world restaurant elite
NORWAY is pulling out all the stops to ensure its seafood features strongly when the gastronomic elite from some of the world’s finest restaurants meet in northern Spain later this month. Chefs from across the globe will descend on the Euskalduna Palace in Bilbao on June 19 for the 50 Best Restaurants Awards. Seafood will…
Read MoreBrexit bonanza for fishermen: SNP report
BREXIT could bring 5,000 jobs to the Scottish fishing industry and generate £540 million, according to a report by government agency Marine Scotland published yesterday. The UK leaving the Common Fisheries Policy and regaining control of the entire quota in its waters would lead to a 21 per cent increase in the seafood sector’s output.…
Read MoreNew Shetland fish company aiming high
SHETLAND Fish, which opened its doors on May 14 as the Islands’ latest seafood supplier, is aiming high on the European market. Run by Gideon Ward and Hansen Black, who both have several decades’ experience in the fishing and wider seafood industry, Shetland Fish is offering a full-service package for companies wishing to source fish…
Read MoreIceland fears over export competition
ICELAND’S fisheries minister Kristján Þór Júlíusson has told industry leaders that it is vital to support the sector in foreign markets. Some companies expressed fears recently that the increasing strength of the kroner was undermining its export position, leading to increased competition from rival countries such as Norway, which has seen its kroner decline in value. The…
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