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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Huntingdon, U.K.-based Hilton Food Group reported Q3 2022 sales and revenue in line with its expectations, despite the headwind of inflationary pressures.
However, the company said profit levels for its seafood business for 2022 will not meet previous expectations, though it said the group was “well-placed” for 2023.
Hilton Food Group entered the seafood sector in 2017 with its purchase of chilled fish supplier Seachill in 2017,
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A harvest volume of 53,600 metric tons (MT) combined with a solid operational performance led Norway-based salmon farming group SalMar ASA to deliver improved third-quarter financial results.
The company posted total operational earnings before interest and taxes (EBIT) of over NOK 1.31 billion (USD 125 million, EUR 127.6 million), up from NOK 748 million (USD 71.4 million, EUR 72.8 million) in Q3 2021.
SalMar’s Norwegian operations
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Bergen, Norway-headquartered fish farming and fishing company Lerøy Seafood has confirmed redundancy notices were sent out 9 November, 2022, to 339 employees at four of its processing operations.
The affected companies are: Lerøy Aurora AS, Skjervøy, where 158 employees are being laid off; Lerøy Midt AS (with two plants at Hitra), where 125 employees will depart; and Lerøy Fossen AS, Osterøy, where 56
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A good farming performance and high salmon prices led Mowi to achieve its best-ever third-quarter results this year, with revenues of almost EUR 1.26 billion (USD 1.2 billion) and an operational profit of EUR 239.5 million (USD 234.7 million).
The Bergen, Norway-headquartered producer’s Q3 2022 report acknowledged that while another set of operational and financial records had been set, the period was “overshadowed” by the
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The merger between salmon-farming companies SalMar and Norway Royal Salmon (NRS) has been finalized, with SalMar acquiring all outstanding shares in NTS, which owns NRS.
Frøya, Norway-headquartered SalMar confirmed the close of the deal on 7 November in a statement issued via the Oslo Børs saying the deal had been registered in the Norwegian Register of Business Enterprises. In February 2022, SalMar fought off Mowi
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Bakkafrost Group posted total operational earnings before interest and taxes (EBIT) of DKK 325 million (USD 42.8 million, EUR 43.7 million) for Q3 2022 – more than quadrupling the DKK 71 million (USD 9.3 million, EUR 9.5 million) delivered a year previously.
In the quarter, the Faroe Islands-based salmon-farming firm achieved a Q3 2022 profit of DKK 249 million (USD 32.8 million, EUR 33.5 million), up from DKK 131 million (USD 17.3
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Italy and Lithuania have become the latest countries to adopt European Maritime, Fisheries, and Aquaculture Fund (EMFAF) programs and will receive EUR 518.2 million (USD 517 million) and EUR 61.2 million (USD 61.1 million) respectively in E.U. funding over the next six years.
The total financial allocation for the Italian program is EUR 987.2 million (USD 986 million), while Lithuania’s is EUR 87.4 million (USD 87.2 million).
According to
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Klepp, Norway-based aquaculture services and equipment provider AKVA Group posted a net loss of NOK 93 million (USD 8.9 million, EUR 9.1 million) in the third quarter of 2022.
AKVA received orders totaling NOK 650 million (USD 62 million, EUR 63.3 million) in Q3 2022, representing a year-over-year increase of NOK 34 million (USD 3.2 million, EUR 3.3 million). It also recorded an order backlog of NOK 1.6 billion (USD 152.6 million, EUR 155.9
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European frozen food company Nomad Foods has signed new contracts to secure increased supplies of Aquaculture Stewardship Council-certified farmed pangasius from Vinh Hoan, VDTG, and Godaco Seafood starting next year.
Nomad, which purports to be the world’s largest branded purchaser of Marine Stewardship Council (MSC) certified fish, said the contracts mark a significant milestone in its journey to source 100 percent of all its seafood
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Overcoming the inflationary squeeze on consumers’ pockets, Norway once again achieved its best-ever month for seafood export earnings in October.
In total, the Scandinavian country sold NOK 15.4 billion (USD 1.5 billion, EUR 1.5 billion) worth of fisheries and aquaculture products to overseas markets last month, a new record total and up 27 percent, or NOK 3.3 billion (USD 310.9 million, EUR 319 million), compared with October 2021. The
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