London-based seafood writer and communications consultant Jason Holland has been a contributing editor to SeafoodSource.com since January 2010. Jason has more than 25 years of experience as a B2B journalist and editor – a career that has taken him all over the world. He believes he found his true professional calling in 2004 when he started documenting the many facets of the international seafood industry and he’s particularly proud of the strong, collaborative relationships he has formed at all stages of the supply chain.
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Norwegian aquaculture technology firm AKVA Group realized relatively stagnant growth in both the fourth quarter and the full year of 2024 but has its sights set on achieving more measurable gains this year.
AKVA brought in Q4 2024 revenues of NOK 792 million (USD 71.1 million, EUR 67.9 million), compared to NOK 800 million (USD 71.8 million, EUR 68.6 million) in Q4 2023. Its order intake for the period, however, climbed from NOK 718 million (USD
… Read MoreBoth the salmon-farming industry and the market would be negatively affected if the administration of U.S. President Donald Trump proceeds with its planned introduction of additional 25 percent tariffs on imports from Canada into the United States, according to Mowi CEO Ivan Vindheim.
From Mowi’s perspective, if the tariffs announced by The White House on 1 February 2025 are imposed, the Bergen, Norway-headquartered salmon
… Read MoreBergen, Norway-headquartered salmon-farming firm Mowi recently posted record results in both its fourth-quarter and full-year 2024 reports, and the recent acquisition of a controlling stake in fellow farming company Nova Sea will allow it to grow even further, according to CEO Ivan Vindheim.
Delivering Mowi’s latest results on 12 February, Vindheim said the deal announced at the end of January to acquire the remaining shares of Nova Sea
… Read MoreNorwegian land-based salmon producer Salmon Evolution recently posted its best fourth-quarter results to date.
Alongside setting a new harvest record of 1,729 metric tons (MT) of head-on gutted (HOG) fish in the period – compared to 1,104 MT in Q4 2023 – the company generated NOK 149.5 million (USD 13.3 million, EUR 12.9 million) in revenue, compared to NOK 88.9 million (USD 7.9 million, EUR 7.7 million) a year previously.
This
… Read MoreA government inquiry into Scotland’s salmon-farming industry has criticized its mortality levels, but salmon-farming groups have pushed back against what they say is unfair treatment compared to other forms of animal farming.
Scotland performed its first inquiry into the nation's salmon-farming industry in 2018, and the original report from the Rural Economy and Connectivity Committee (RECC) considered mortality levels “too high in
… Read MoreThe government of the Faroe Islands has restructured its tax model for salmon farming with the aim of providing greater stability and predictability for the industry.
This new framework, effective from 1 January 2025, is part of a long-term agreement extending until 2032.
Key changes the restructuring has introduced include a decrease in the maximum revenue tax rate from 20 percent to 7.5 percent. This tax is also now based on the
… Read MoreNorway-based seafood investment firm Bluefront Equity recently secured a new investment from Builders Vision – an impact platform founded by Lukas Walton – that shows the appeal of the firm to impact investors targeting the blue economy, according to Bluefront CIO and Founding Partner Simen Landmark.
Builders Vision’s investment for an undisclosed amount will support the firm’s second fund, Bluefront Capital II. Builders
… Read MoreBergen, Norway-headquartered salmon-farming firm Mowi has entered into an agreement to acquire a 46 percent share of Nova Sea from its parent company Vigner Olaisen, with the deal expected to be completed in the second half of 2025.
Under the terms of the transaction, Mowi will pay NOK 7.4 billion (USD 654.9 million, EUR 629.1 million) for Vigner Olaisen’s stake in the Lovund-headquartered salmon producer, thus giving Mowi 95 percent
… Read MoreSeafood processors and traders in the United Kingdom have launched a new trade organization to advocate for the industry across a broad array of key issues.
The recently launched UK Seafood Federation (UKSF) amalgamates the Provision of Trade Federation’s Seafood Industry Alliance (SIA) and Seafood Grimsby & Humber Alliance (SGHA) into a central hub to advocate for seafood processors and traders.
The new group, which will soon become
… Read MoreSeafood is on the cusp of overtaking poultry as the top contributor to global protein supply growth, according to a new report from Dutch financial services firm Rabobank.
The report, titled “Global Animal Protein Outlook 2025,” anticipates that seafood will take over the top spot in 2025 despite uncertainties generated by global macroeconomic fluctuations and policy changes that will mark this year as a “pivotal moment”
… Read More