Category Archives: Processing

Focus on ‘seatech’ in Fish 2.0 finalists

Focus on ‘seatech’ in Fish 2.0 finalists

FORTY companies have been named as finalists in this year’s Fish 2.0 competition, which aims to connect seafood businesses with investors. The finalists, selected from 184 entries, have been selected for their market traction, global character and high potential for impact on the seafood sector, said the competition organisers. They will now have the opportunityContinue Reading

Filed Under: Aquaculture, Catching, Catching News, Front Page News, Processing
Fishing company in expansion mode

Fishing company in expansion mode

THE expanding Icelandic fishing and fish processing company Fisk Seafood has moved to strengthen its position with another key purchase. Fisk says it has reached agreement to buy all the shares in the family processing business Soffaníasi Cecilssyni which has operations in the port of Grundarfjordur where Fisk also has a base. The deal still has to receiveContinue Reading

Filed Under: Catching News, Front Page News, Processing, Processing News
Processors rush to buy as salmon prices fall

Processors rush to buy as salmon prices fall

AS Norwegian salmon prices fell to their lowest level so far this year, fish curing companies in mainland Europe have been rushing to buy up large volumes, particularly the frozen variety. Smokers in the Netherlands appear to be leading the charge, the Norwegian seafood press is reporting. The price of Norwegian farmed salmon is expected toContinue Reading

Filed Under: Aquaculture, Front Page News, Markets, Prices, Processing, Processing News
Icelandic Seachill’s profits jump

Icelandic Seachill’s profits jump

ICELANDIC Seachill saw its sales leap by seven per cent to £266.3 million last year, new figures from the company show. Grimsby based Icelandic, which owns the Saucy Fish brand, said: ‘The headwinds of extreme raw material inflation and currency uncertainty, following the referendum result, were navigated successfully. ‘During the year, a long-term agreement wasContinue Reading

Filed Under: Aquaculture, Catching News, Front Page News, Processing, Processing News
Canada’s $400m fund for seafood

Canada’s $400m fund for seafood

THE Canadian government has opened up a $400 million fund to help the country’s seafood industry modernise and expand. Titled the Atlantic Fisheries Fund, it is accepting proposals from both the aquaculture and fishing sectors. The fund is being administered by Fisheries and Oceans Canada and its provincial partners in Atlantic Canada. The government saysContinue Reading

Filed Under: Aquaculture, Catching News, Front Page News, Markets, Processing News
Grimsby MP in Brexit smoked fish plea

Grimsby MP in Brexit smoked fish plea

GRIMSBY MP Melanie Onn is urging the Brexit Secretary to ensure that Grimsby traditional smoked fish retains its special heritage status after the UK leaves Europe. She told Fish Update: ‘We make the best (smoked fish) in the world and people everywhere should know that when they buy Grimsby smoked haddock, it genuinely has been smokedContinue Reading

Focus on global trade at Russian show

Focus on global trade at Russian show

RUSSIA is hosting the Global Fishery Forum and Seafood Expo, starting today in St Petersburg, with more than 200 delegates from over 50 countries expected to attend. The two-day event will cover the main trends determining the development of international fish markets, as well as the expansion of trade and economic relations and scientific andContinue Reading

Fish main offender in inflation surge

Fish main offender in inflation surge

FISH was the chief driver in helping to push inflation to its highest level in five years last month. While the price of many commodities increased by around five per cent on August last year, the cost of seafood to the consumer almost doubled, at 9.6 per cent. High salmon prices were almost certainly toContinue Reading

Grimsby platform at Iceland Expo

Grimsby platform at Iceland Expo

GRIMSBY will have a strong presence at Icefish 2017, which opens just outside Reykjavik tomorrow. Held every three years, the Iceland Fisheries Exhibition has been growing in stature and is expected to attract a record 20,000 visitors to what is the second most important fishing country in the northern hemisphere, after Norway. There will also beContinue Reading

Fishing company profits dip

Fishing company profits dip

ICELAND’S second largest fishing and fish processing company, HB Grandi, saw its profits dip sharply during the second quarter of this year. Profits for the period totalled 1.9 million euros compared with 6.9 million euros for the same period last year. Although the fishermen’s strike had ended during the Q2 period, it is not known if someContinue Reading