Jason Holland

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

The cancelation of Peru’s anchovy fishing season earlier this year led to Austevoll Seafood posting significantly lower operational earnings in Q2 2023, but the group’s performance elsewhere helped stem the damage.

The Storebø, Norway-based fisheries, aquaculture, processing, sales, and distribution group said its operational earnings before interest and taxes (EBIT) in Q2 2023 totaled NOK 982 (USD 92.6 million, EUR 85.2

Biological challenges have plagued Bergen, Norway-based Grieg Seafood’s Norwegian salmon-farming sites for a few quarters, but those issues have begun to ease, according to the group’s Q2 2023 results, published 25 August.

In Q1 2023, Grieg’s Rogaland, Norway, site was hit by infectious salmon anemia (ISA), while its Finnmark site identified the presence of the Spiro parasite (Spironucleus salmonicida). Both sites also found

A limited supply of Atlantic salmon coupled with robust demand resulted in another quarter of high salmon prices and, in turn, strong Q2 2023 results overall for Frøya, Norway-headquartered salmon-farming firm SalMar.

The company recently reported quarterly operational earnings before interest and taxes (EBIT) of NOK 1.745 billion (USD 165 million, EUR 151.9 million), a jump from the NOK 1.048 billion (USD 108.9 million, EUR 108.2

Bergen, Norway-based Lerøy Seafood Group has swallowed a one-off cost of NOK 1.7 billion (USD 160.2 million, EUR 147.6 million) to implement Norway’s salmon farming resource rent tax, adopted in May 2023.

Lerøy Seafood Chief Financial Officer Sjur Malm said the firm paid NOK 2 billion (USD 188.5 million, EUR 173.6 million) in taxes and fees in 2022, but that figure is likely to grow significantly as a result of the tax,