Category Archives: Processing News

Coast Seafood profits up almost 20 per cent

Coast Seafood profits up almost 20 per cent

THE Coast Seafood group, one of the world’s largest independent salmon and trout sales companies, has announced a major increase in operating profits for 2017. The Norwegian based company, which boasts that it exports seafood to the world, reported sales of 4.3 billion kroners, the same total as the previous year. But operating profits jumpedContinue Reading

Filed Under: Aquaculture, Catching News, Front Page News, Markets, Prices, Processing, Processing News
Three-way bid for Young’s Seafood

Three-way bid for Young’s Seafood

THREE businesses are bidding to buy Young’s Seafood, including one of its former owners, weekend reports have suggested. The Sunday Telegraph said yesterday that the £200 million sale of Britain’s largest frozen and chilled seafood company was nearing completion. The current private equity owners, led by Lion Capital, announced in April that they were puttingContinue Reading

Filed Under: Aquaculture, Catching News, Front Page News, Markets, Processing, Processing News
Marel boosted by favourable markets

Marel boosted by favourable markets

MAREL, the international fish and food equipment processing company, has announced strong growth in both new orders and revenues during the second quarter of this year. The Iceland based business said it has enjoyed extremely favourable market conditions and, as a result, the order book increased to 291 million euros, compared to 272.7 million eurosContinue Reading

Filed Under: Aquaculture, Catching, Catching News, Front Page News, Markets, Prices, Processing, Processing News
Fish Update Briefing, Friday, August 10

Fish Update Briefing, Friday, August 10

FOOD CHIEF EXPRESSES BREXIT ALARM THE head of the Food and Drink Federation in the UK, whose members include seafood companies, has called for a meeting with ministers on the impact of Britain leaving the EU without a deal. Chief executive Ian Wright, told the ‘i’ newspaper that Brexit was ‘shaping up to be theContinue Reading

Filed Under: Aquaculture, Catching, Catching News, Front Page News, Markets, Prices, Processing, Processing News
Icelandic group seals Spanish deal

Icelandic group seals Spanish deal

ICELAND Seafood International (ISI) says it has finalised the acquisition of Solo Seafood (the company which owns Icelandic Iberica), enabling it to become a fully integrated European industry powerhouse. The deal creates a combined group with sales of more than €400 million. Icelandic Iberica is one of the leading seafood suppliers in the southern EuropeanContinue Reading

Filed Under: Catching News, Front Page News, Markets, Processing, Processing News
Grimsby firm boosts New England sales

Grimsby firm boosts New England sales

NEW England Seafood International has heaped praise on its Grimsby acquisition which took it into white fish processing and has helped to dramatically push up sales. The Chessington, Surrey, based company took over Albert Darnell in October 2016 as part of a strategic move to create greater capacity for future development. Up to that pointContinue Reading

FishUpdate Briefing Friday August 3rd

FishUpdate Briefing Friday August 3rd

ABERDEEN TAKEAWAY GIVEN BLUE LABEL AWARD THE Sea, Salt and Sole fish and chip takeaway in Aberdeen  has earned a coveted sustainable fish certificate from the Marine Stewardship Council (MSC). The news means  the outlet  can now use the MSC blue fish label on its cod and haddock, assuring customers that the fish sold hasContinue Reading

Norwegian seafood exports hit July record

Norwegian seafood exports hit July record

Norwegian seafood exports hit a new record last month, totalling  159,000 tonnes with a value of  7.1 billion kroners. The July volume was up by eight per cent and the value seven per cent higher. Once again salmon was king, earning  NOK 5.3 billion, more than two thirds of the total seafood revenue. So farContinue Reading

Fisheries Minister feeling heat over Iran trip

Fisheries Minister feeling heat over Iran trip

POLITICAL pressure is piling up on Norway’s  Fisheries Minister Per Sandberg over his recent  holiday to Iran with a former Iranian beauty queen. It has now involved the Prime Minister Erna Solberg who said that  she had spoken to him and although there may have been a breach of regulations, she had full confidence inContinue Reading

Loch Fyne teams up with garden centre chain in unique deal

Loch Fyne teams up with garden centre chain in unique deal

LOCH Fyne Seafood has teamed up with one of Britain’s largest garden centre chains in an enterprising deal to sell its products alongside plants, flowers and other horticultural delights. Visitors to more than 30  Dobbies Garden Centres across the UK will now be able to purchase fresh oysters, mussels and smoked salmon with their clematis andContinue Reading