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 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
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A 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
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The 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
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Norway-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
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Bergen, 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
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Seafood 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
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Seafood 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”
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Bergen, Norway-headquartered salmon-farming firm Mowi harvested around 133,500 metric tons (MT) of gutted weight (GWT) farmed salmon in the last quarter of 2024, which was over 4,000 MT more than in the corresponding period of the previous year and 1,400 MT ahead of the forecast the company made for the period in Q3 2024.
The Q4 volume contributes to a record full-year harvest of 502,000 MT, overhauling Mowi’s previous best of 475,000 MT,
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Norwegian seafood exports enjoyed an incredibly successful 2024 by setting a new trade value record in excess of NOK 175 billion (USD 15.3 billion, EUR 14.9 billion).
While most sectors in the country’s seafood industry reaped the rewards of the successful year, the nation’s cod sector struggled to keep up – a struggle experts predict will persist this year.
Significant quota cuts and reduced landings challenged cod supply
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Norwegian salmon-farming firms Lerøy, Grieg, and SalMar, as well as Faroese firm Bakkafrost, have released trading updates for the fourth quarter of 2024 that provide abridged financial results before each firm releases its full financial results later in the winter.
According to its latest trading update, Bergen, Norway-headquartered Lerøy Seafood Group (LSG) harvested approximately 56,800 gutted weight tons (GWT) of Atlantic
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