Iceland fish firm’s profits down

Iceland fish firm’s profits down

HB Grandi, Iceland’s second largest fishing and fish processing company, has announced reduced revenues and operating profits for the first nine months of this year. Income for the period totalled €149.2 million (£132.7 million) compared to €158 million (£141 million) in the previous year. The EBITDA was €24.1 million (£21.4 million), which represents about 16.2Continue Reading

Filed Under: Catching, Catching News, Front Page News, Markets, Prices, Processing
Norway urged to process more of its fish

Norway urged to process more of its fish

NORWEGIAN fishing and salmon farming companies are facing growing demands to process more of the fish produce at home. Part of the crusade is environmentally based and part is on economic grounds because changing tactics would not only reduce the carbon footprint, but it would create hundreds of local jobs. In Britain, the practice isContinue Reading

Israelis build RAS salmon plant in Russia

Israelis build RAS salmon plant in Russia

THE Israeli RAS (recirculating aquaculture system) specialist AquaMaof is building a land-based salmon farm in Russia, which will receive its first eggs towards the end of next year. The 2,500 tonne, €25 million project, financed by local investors, will include a hatchery, nursery, and full grow-out areas. AquaMaof CEO David Hazut said: ‘We are extremelyContinue Reading

Filed Under: Aquaculture, Catching News, Front Page News
Advice for processors on trade deal

Advice for processors on trade deal

SEAFISH has released a new resource to support the seafood production industry in preparing for trade issues around Brexit. The information note summarises a report prepared by Global Counsel, which proposes how Rules of Origin could work in any future Free Trade Agreement (FTA) between the UK and the EU. Seafish says the protocols forContinue Reading

Fishupdate briefing Friday December 7th

Fishupdate briefing Friday December 7th

COD MAY HELP PEOPLE WITH KIDNEY PROBLEMS RESEARCHERS at the University of Bergen in Norway believe that eating cod can help people with obesity related  kidney or renal  problems. They have recently carried out a study using overweight rats who were fed a quarter of their protein using cod over a period of four weeks.Continue Reading

Scottish salmon exports down 20%

Scottish salmon exports down 20%

SCOTTISH salmon exports were down by 20.1 per cent in the first nine months of 2018, according to figures released by the Food and Drink Federation (FDF) in December. While food and drink exports increased by 1.8 per cent to £16.4 billion from January to September 2018, when compared to the same period in 2017,Continue Reading

US boosts farmed shrimp safeguards

US boosts farmed shrimp safeguards

THE United States is proposing to make life fairer for some of its aquaculture businesses by implementing a first ever traceability programme for the country’s farmed shrimp and abalone sector. The NOAA (National Oceanic Atmospheric Administration), the government organisation which oversees the fishing industry, has already asked for public comments on the proposed legislation. AlthoughContinue Reading

Norwegian fish exports hit November high

Norwegian fish exports hit November high

NORWAY exported 276,000 tonnes of seafood worth 9.9 billion kroners (£914 million) during November, figures released today show. While the volume fell by eight per cent, revenues from the sales rose by 11 per cent or NOK 990 million, reflecting the rising price of fish, particularly cod and salmon. The country is now on courseContinue Reading

Shareholders say yes to Mowi

Shareholders say yes to Mowi

AN extraordinary general meeting of Marine Harvest shareholders today approved, as expected, the change of the company’s name to Mowi. The new name will now become effective from January 1, 2019. Shareholders representing 225,055,360 shares, corresponding to 43.61 per cent of the share capital, were at the meeting in Bergen or represented by proxy. AlsoContinue Reading

Grieg chief entrepreneur of the year

Grieg chief entrepreneur of the year

Per Grieg Jr, chairman of Grieg Seafood, won the finals of the EY Norway Entrepreneur of the Year Awards at a glittering ceremony in Oslo last night. An independent jury praised him for developing the company ‘through good strategic decisions, risk willingness and endurance’. The jury also said he had managed to create a significantContinue Reading

Faroese salmon exports down, cod up

Faroese salmon exports down, cod up

EXPORTS of farmed salmon from the Faroe Islands have shown a significant decline during the first eight months of this year. Recent figures show that salmon sales – the islands’ most valuable seafood commodity – are down by 17 per cent or £51 million to a total of around £295 million over the period. ThereContinue Reading

Canadian aquaculture launches youth wing

Canadian aquaculture launches youth wing

THE Canadian Aquaculture Industry Alliance (CAIA) has launched its own National Youth Council, partly to encourage more young people into the industry and partly to showcase the growing presence of the younger generation in the fish farming sector. CAIA executive director Timothy Kennedy said: ‘Seafood farming is a young and growing sector for Canada. WeContinue Reading