Jason Holland

External factors such as rising oil and energy prices, inflation, and the Russia-Ukraine conflict – the latter of which resulted in the loss of the lucrative Russian shell-on prawn market – all impacted Royal Greenland’s earnings in the first half of this year.

According to the Nuuk, Greenland-headquartered seafood company’s H1 2023 financial report, it recorded a loss before taxes of DKK 113 million (USD 16.3 million,

After recording a first harvest of 646 metric tons (MT) from the pilot pool at its Kvalnes site, Norwegian land-based salmon producer Andfjord Salmon AS is forging ahead with expansion plans that will increase its production capacity in the near future.

The planned expansion will increase production at Kvalnes on the island of Andøya to 8,000 MT of head-on gutted (HOG) fish by 2025, gradually growing to 40,000 MT HOG by 2030.

Andfjord

Dutch land-based yellowtail kingfish producer The Kingfish Company recorded its best-ever harvest of 932 metric tons (MT) in the first half of 2023 and, amid high demand for larger-sized fish, saw its revenue for the period increase 31 percent year over year to EUR 11.2 million (USD 12 million).

By comparison, the company posted revenue of EUR 8.4 million (USD 9 million) in H1 2022 on the back of a 742 MT total harvest.

In H1 2023, The Kingfish

The profitability of U.K. fishing vessels declined in 2022, with a rise in fish prices that drove higher revenues failing to outweigh the myriad difficulties faced by the industry last year.

According to information from U.K. public body Seafish’s annual fishing fleet survey for 2022 and its dataset showing the annual economic performance of the fleet in 2021, the size of the U.K. fleet decreased year over year in both 2021 and 2022, with

European negotiations on sharing Northeast Atlantic pelagic stocks are expected to resume later in September, and in advance of the talks, the E.U. fishing industry has renewed its calls for coastal states to prioritize a mackerel agreement that aligns with scientific advice and encompasses all parties.

The upcoming negotiations follow the hard deadline of 31 March, 2023, to reach an agreement on sharing Northeast Atlantic mackerel stock –

Ísafjörður, Iceland-based salmon-farming company Arctic Fish harvested just 100 metric tons (MT) of head-on gutted (HOG) fish in the second quarter of this year – a major drop from the 1,029 MT of HOG salmon harvested in the same period last year.

Because of the small volume harvested in the quarter, Q2 constituted a low-income period, with its operational revenue and other income totaling NOK 22.8 million (USD 2.1 million,

Biological challenges at farming sites hurt the operations of Shetland, Scotland-based Scottish Sea Farms in the second quarter of this year, negatively affecting harvest volume, average harvest size, and price achievement, according to reports from Lerøy Seafood Group, which operates the company as a joint venture with SalMar.

Lerøy CEO Henning Beltestad confirmed when presenting his firm’s Q2 2023 results that Scottish Sea

Frøya, Norway-headquartered salmon farmer Måsøval posting posted decreased year-over-year operating revenues, as well as drops in sales revenue for both its farming and sales and processing segments in Q2 2023.

In its Q2 2023 report, Måsøval reported operating revenue of NOK 805 million (USD 75.9 million, EUR 69.9 million), down from the NOK 934 million (USD 88.1 million, EUR 81.1 million) the company reported

Iceland Seafood International (ISI) has agreed to sell 100 percent of its share capital in its U.K. subsidiary to Danish value-added producer Espersen.

In a statement, ISI CEO Bjarni Ármannsson said Espersen had finalized its due diligence process and that transaction documents were nearing completion. According to the agreement, the total sales price was just GBP 1,000 (USD 1,271, EUR 1,170). The Reykjavik, Iceland-headquartered