Seafood Industry Australia, a trade group representing Australia’s seafood sector, has unveiled its strategy for growing its exports to AUD 2 billion (USD 1.3 billion, EUR 1.3 billion) by 2030.
In its newly released Export Market Strategic Plan, SIA mapped out a strategy to carry its exports beyond the AUD 1.2 billion (USD 768 million, EUR 783 million) total the industry reached in 2021 and the all-time high of AUD 1.5 billion (USD 959
… Read More
Norwegian salmon-farming firms are rethinking planned investments following the introduction of a proposal by Norway’s government that would increase the tax rate they face by 40 percent.
On 28 September, the government of Norway proposed a new resource rent tax on aquaculture operators, with effect from 1 January, 2023, which will affect producers of salmon, trout, and rainbow trout.
Kverva, Norway-based SalMar and Lovund, Norway-based
… Read More
John Connelly, the president of the National Fisheries Institute, a McLean, Virigina, U.S.A.-based nonprofit organization that is the U.S. seafood industry’s largest trade group, has been diagnosed with cholangiocarcinoma, or bile duct cancer.
Connelly informed the NFI Board of Directors about the diagnosis on 22 September, 2022, and NFI subsequently put out a press release that included a statement from Connelly.
“Today I took the
… Read More
IFFO, the international trade body that represents the marine ingredients industry, has reported total cumulative fishmeal production globally was down slightly in the first seven months of 2022.
However, raw materials usage was 42 percent higher year-over-year in July 2022, revealing stronger demand for fishmeal and fish oil.
The group’s analysis was based on surveys of its membership, which accounts for 55 percent of global marine
… Read More
On 8 September, 2022, U.S. District Court Judge Cecilia M. Altonaga granted final approval to a USD 85 million (EUR 85 million) settlement in a class-action lawsuit filed against Norwegian salmon-farming firms Mowi, SalMar, Lerøy Seafood, Grieg Seafood, and Cermaq, alleging price-fixing.
The settlement did not receive any objection or request for exclusion, and it comes after more than three years of
… Read More
Kristiansund, Norway-based seafood-processing technology firm Stranda Prolog filed for insolvency on 5 September, 2022, in Norway’s Møre og Romsdal district court.
Marel, which purchased a 40 percent ownership stake in the company in January 2021, said it would take an estimated EUR 7 million (USD 7 million) impairment in its Q3 2022 financial accounts as a result of the move.
Founded in 1946, Stranda Prolog manufactures
… Read More
Maritech, a provider of software and analytic tools to the seafood industry, has hired Will Greenwood as its new managing director of its North America region.
Molde, Norway-based Maritech, owned by Broodstock Capital since 2017 and with branches in Iceland and Canada, is a developer and provider of digital solutions for controlling, tracking, and digitalizing processes in the seafood value chain, including landing, production, processing,
… Read More
The Kingfish Company has warned investors to expect potential cost overruns and delays in its efforts to build a new recirculating aquaculture system (RAS) farm in the U.S. state of Maine, as well as in its expansion of its Kats, The Netherlands RAS unit.
Work on the Dutch farm is already underway, with the RAS system installation and facility construction in its final stage, the Kats-based firm said in its H1 2022 financial results. When
… Read More
Lübeck, Germany-based processing equipment firm Baader has hired Sigsteinn Gretarsson as the CEO of its subsidiaries Skaginn 3X and Baader Ísland.
Most recently, Gretarsson worked as CEO of Arctic Green Energy Corporation, and previously as chairman of the board of the Iceland promotional board. Prior to those positions, he worked for 19 years at Marel, rising from area sales manager to executive vice president and commercial
… Read More
Liz Truss has become the United Kingdom’s new prime minister after securing the leadership of the country’s Conservative Party.
Truss, 47, served as the U.K.’s foreign secretary under her predecessor, Boris Johnson, who in July 2022 said he would resign after a series of scandals. Johnson followed through on that vow on 6 September, hours before Truss was formally named to the position by Queen Elizabeth II.
Truss won the
… Read More
