Atlantic salmon survival in Cermaq’s Chilean and Canadian farming regions improved in the first quarter of this year but declined in Norway, the company has reported.
The Oslo, Norway-headquartered, fully-owned subsidiary of Mitsubishi Corporation publishes quarterly sustainability results on key indicators related to fish health, environmental, and social topics.
For the quarter running from January through March 2018, Cermaq Chile’s… Read More
Based on the latest science for jack mackerel (Trachurus declivis, T. murphyi) (west sub-area), the Australian Fisheries Management Authority (AFMA) has increased the annual total allowable catch (TAC) for commercial fishers from 920 metric tons (MT) to 4,190 MT for the 2018-19 season.
Little change was made to the TACs for the remaining target species, including Australian sardine, blue mackerel and redbait, with the new small pelagic fishery (S… Read More
The Norwegian government has proposed increasing this year’s funding for Norway's development program to combat marine litter by NOK 130 million (USD 16 million, EUR 13.7 million). The revised budget nearly doubles the initial allocation to a total NOK 280 million (USD 34.5 million, EUR 29.4 million).
Nikolai Astrup, Norway’s minister of international development, said the program was a key element of the government's general focus on… Read More
Good price achievement and a larger harvest helped Norwegian-headquartered salmon farmer SalMar achieve total operational earnings before interest and taxes (EBIT) of NOK 708.1 million (USD 87.2 million, EUR 73.8 million) in the first-quarter of this year, up from NOK 670.7 million (USD 82.6 million, EUR 69.9 million) in Q1 2017. Nevertheless, company CEO Olav-Andreas Ervik said that the opening three months of 2018 had provided “somewhat m… Read More
Norway-headquartered salmonid producer Grieg Seafood ASA posted operational earnings before interest and taxes (EBIT) of NOK 162.1 million (USD 20 million, EUR 16.9 million) before fair value adjustment of biomass in the first-quarter of this year, up from from NOK 131.5 million (USD 16.2 million, EUR 13.7 million) in the corresponding period of 2017.
At the same time, its operating revenues for the three-month period increased 5 percent year-on-… Read More
Hollywood star Josh Brolin has become the latest actor to show his support for the Our Fish campaign to end European overfishing by posing naked with a fish for the Fishlove photography project.
Brolin, who plays Nathan Summers/Cable in the new Marvel superhero movie Deadpool 2, has posted a picture of himself holding a sustainably-caught wahoo (ono) from Hawaii on his Instagram account, attracting more than 100,000 likes so far.
Our Fish said th… Read More
Bord Iascaigh Mhara (BIM), Ireland’s seafood agency, has unveiled its new corporate strategy, “Enabling Sustainable Growth,” for the 2018-2020 period, which is intended to deliver on the development objectives of the country’s Food Wise 2025 plan and the sustainability objectives of the EU’s Common Fisheries Policy (CFP).
The strategy is aimed at enhancing the competitiveness of the Irish seafood sector to capi… Read More
Faroese Atlantic salmon producer Bakkafrost has entered into a conditional share purchase agreement with the owners of North Landing Ltd. to purchase all outstanding shares in the business. The deal is expected to be finalized at the end of this month.
In a statement, Bakkafrost said that its intention in establishing a base of operation in the United States is to improve its ability to serve its customers.
“Bakkafrost has over the la… Read More
Higher harvest volumes and strong prices led The Scottish Salmon Company PLC (SSC) to achieve a strong increase in income for the first-quarter of this year compared to the corresponding period of 2017.
The Edinburgh-based company’s revenue for the last quarter totaled a record GBP 43.4 million (USD 58.7 million, EUR 49.3 million), up from GBP 35.1 million (USD 47.5 million, EUR 39.9 million) in Q1 2017. Its harvest volume for the thr… Read More
The Brexit transition arrangements recently agreed by the United Kingdom and the European Union that are set to last until the end of 2020 will provide valuable assurances to seafood companies and the opportunity for them to fully prepare for the future, believes U.K. Fisheries Minister George Eustice.
The minister told delegates at the Shellfish Association of Great Britain (SAGB) Annual Conference in London that while many U.K. fishermen have v… Read More