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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The FAIRR Initiative’s latest analysis determined seven of the world’s largest salmon-farming companies are facing a “critical constraint,” as overreliance on declining wild-caught sources for fishmeal and fish oil (FMFO) are hampering growth, making it imperative that producers diversify feed sources and product portfolios.
The global investor network’s recent study, “De-risking Salmon Feed: The
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Bergen, Norway-headquartered salmon-farming firm Grieg Seafood made some progress in the first quarter of 2025 with the transformation program it launched earlier this year, but the firm still had a difficult period financially, according to interim CEO Nina Willumsen Grieg.
Willumsen Grieg delivered the firm’s Q1 2025 results after just eight weeks in the CEO role following the company’s announcement at the end of March that
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Bíldudalur, Iceland-based salmon-farming firm Icelandic Salmon dealt with biological challenges in the first quarter of this year, forcing the firm to harvest early.
That early harvest produced just 1,100 metric tons (MT) of fish for market, compared to 2,800 MT in Q1 2024.
Affected by mortality-related costs totaling EUR 1.6 million (USD 1.8 million), low harvest volumes, and a weaker market due to increased global supply and lower
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The Norwegian Seafood Council (NSC) has made it a recent focus to ensure that as many parts of fish caught and farmed in Norway are put to good use as possible, rather than wasted, according to Communications Director Martin Skaug.
For the NSC, minimizing seafood industry waste means taking a “nose-to-tail” approach toward utilizing all edible parts of fish, and according to its “Top Seafood Consumer Trends 2025” report,
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After wrapping up a “demanding 2024” that featured environmental challenges such as jellyfish and sea lice, Frøya, Norway-headquartered salmon-farming firm SalMar prioritized building biomass in this year’s opening quarter.
The move resulted in the firm harvesting late in the period when spot prices were at their lowest, thereby affecting price achievement and the company’s Q1 results as a whole, according to
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Failure to fully implement the European Union’s Common Fisheries Policy (CFP) as intended has led large-scale industrial fisheries to benefit at the expense of small-scale and low-impact fisheries, according to Seas At Risk.
A new study, titled “Power structures shaping E.U. fisheries” and commissioned by Seas At Risk – along with partners Sciaena, Ecologistas en Acción, and BUND – determined Europe’s
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High global salmon supply in the first quarter of 2025 created heavy competition and dropped sales prices, leading Faroese salmon-farming firm Bakkafrost to report lower revenues and EBIT in the period.
Despite strong biological performance in the Faroe Islands and the production of higher-quality smolt in Scotland, Bakkafrost’s Q1 2025 revenues decreased by around DKK 300 million (USD 45.2 million, EUR 40.2 million) year over year to less
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Bergen, Norway-headquartered seafood firm Lerøy Seafood Group posted nearly 25 percent higher operational EBIT and 12 percent higher revenues in the first quarter of 2025 compared to the same period a year ago thanks to increased harvest totals and market demand.
Lerøy’s operational EBIT in the period totaled NOK 1.05 billion (USD 100.9 million, EUR 90.2 million), and revenues amounted to nearly NOK 8 billion (USD 768.5
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Mowi CEO Ivan Vindheim said Q1 2025 was another strong quarter for the Bergen, Norway-headquartered salmon-farming firm – both operationally and biologically – with record-high growth in the sea for a first quarter and improved biological metrics across the board.
“This has continued in the second quarter, which seems to have been mirrored across the industry, leading to record-high industry supply growth and pressure on
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Norwegian land-based aquaculture company Salmon Evolution is expecting the Phase 2 expansion of its Indre Harøy facility to be a gamechanger for the company.
Delivering the firm’s Q1 2025 financial results, Salmon Evolution CEO Trond Håkon Schaug-Pettersen said that the groundbreaking expansion is progressing on time and on budget, with 10 months left until the first stocking of the facility is expected to take place.
If the
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