Posts Tagged ‘europe-nordics’
Skretting named as feed supplier for flow-through project
Aquafeed business Skretting has committed to supply feed to the Icelandic land-based fish farmer LAXEY. LAXEY, known until last September as Icelandic Land Farmed Salmon, is building a hybrid flow-through salmon farm on the south coast of Iceland. The company has just successfully completed a EUR €40m (£34.5m) capital raising exercise, with Skretting’s parent, Nutreco,…
Read MoreNorwegian government names new seafood minister
Norway has a new Minister of Fisheries and Oceans – just six months after the appointment of Cecilie Myrseth in the role. Myrseth moves up to Trade and Industry as part of a number of new senior appointments which the Labour-Centre Party coalition government hopes will help restore its popularity. She only took on the…
Read MoreBluefront Equity launches new seafood fund
Seafood investor Bluefront Equity has launched its second investment fund by securing US $50m (£40.4m) for sustainable projects. Interest is thought to be very high, with the launch reported to be attracting considerable international attention both in Norway and elsewhere. Global impact investment firm Cambridge Associates is one of the lead investors in Bluefront Capital…
Read MoreMowi court battle over salmon tax gets underway
Mowi’s attempt to get Norway’s new salmon tax declared unlawful has finally reached the courts. According to the newspaper/news site Bergens Tidende the company met government officials at the Hordaland district court near Bergen yesterday. Mowi’s Chief Executive Ivan Vindheim, who is the probably the industry’s strongest opponent of the tax, was there for the start…
Read MoreFish farming has revived a once depressed region, industry body says
Salmon farming is bringing new prosperity to regions of Iceland that were in decline, says the country’s seafood industry organisation SFS – adding that criticism of the foreigners it has attracted to the country is unwarranted. SFS says opponents of aquaculture have tried many things to attack the industry. “We never really know where the…
Read MoreAquaculture and fishing must live with criticism, says seafood chief
Both the aquaculture and fishing industries must learn to accept increased scrutiny, the Chairman of the employer organisation Seafood Norway has said. Gunnar Haagensen told the organisation’s annual meeting: “We have to learn to live with that. Challenges must be met, problems solved.” Haagensen pointed out: “Over the past six months or so, the seafood…
Read MoreSalmon price hits record level
Norwegian fresh salmon prices hit a new record high last week despite an increase in overall supply. According to Statistics Norway, they soared to NOK 120.04 or almost £9 per kilo, but this was an average figure and the price for larger five to six kilo fish was around NOK 130 (£9.60). Prices have been…
Read MoreBrighter 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…
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