Grieg Seafood ASA’s first-quarter 2021 results represented a significant drop in earnings and revenue, but were “as expected” and characterized by the COVID-19 pandemic, which has caused a significant shift in demand and lower prices in core markets, the Bergen, Norway-headquartered salmon farming group has reported …
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Claiming a first for farmed fish health in Scotland, Scottish Sea Farms has confirmed that no antibiotics were used in any of its farming operations in 2020.
The SalMar and Lerøy Seafood Group-owned producer has been working to reduce its use of antibiotics for several years, with no antibiotics used on its marine farms since 2012, and only minimal use at its freshwater hatcheries in recent years. And then last year, it achieved the… Read More
While many members of the U.K. shellfish sector have managed to adapt very well to the new post-Brexit trading arrangements with the E.U., Brussels’ “unjustified” decision to ban imports of live bivalve mollusks (LBMs) from class-B waters at the start of the year remains a considerable challenge, according to U.K. Fisheries Minister Victoria Prentis.
The shellfish ban came as part of the E.U.-U.K. Trade and Cooperation… Read More
Highlighting rising salmon prices and a strong operational performance, SalMar achieved operational earnings before interest and taxes (EBIT) of NOK 627 million (USD 75.8 million, EUR 62.5 million). While this was significantly below the record NOK 1.07 billion (USD 129.4 million, EUR 106.8 million) that it posted in the first-quarter of last year, it did represent a 48 percent rise on the previous quarter ...
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U.K.-based aquaculture and offshore industries technology group OTAQ has made a USD 300,000 (EUR 247,260) equity investment in Blue Lion Labs Ltd., a Canadian data management and software company.
Blue Lion was established in 2018 to develop solutions to water-quality challenges, including real time monitoring of harmful organisms in water, with the aim to deliver more sustainable food sources.
In addition to the deal, which will see OTAQ… Read More
Faroe Islands-headquartered Atlantic salmon producer Bakkafrost Group delivered total operating earnings before interest and taxes (EBIT) of DKK 223.5 million (USD 36.6 million, EUR 30.1 million) in the first-quarter of this year, down from the DKK 248.1 million (USD 40.6 million, EUR 33.4 million) that it posted for the corresponding period of 2020 – with the COVID-19 pandemic continuing to disrupt salmon markets …
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Denmark-headquartered aquaculture feed supplier BioMar Group posted lower earnings for the first-quarter of 2021, despite “strong growth” in its salmon markets and “robust results” in its shrimp sector …
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United Kingdom seafood company Young’s Seafood wants to hire more than 400 new employees, with a variety of roles being offered at its facilities in Grimsby.
According to local media reports, the recruitment is being driven by an increased demand for Young’s products, and is expected to take the firm’s headcount in the city from 2,500 to 3,000 people by the end of this year.
Young’s parent company, the Eight Fifty Food… Read More
A new digital platform that will collect and interpret fish farm data in Scotland to provide actionable insights for the industry is being developed following the award of a GBP 250,000 (USD 347,229, EUR 289,500) to a consortium of research partners.
Led by Glasgow-based satellite communications start-up R3-IoT, the project will involve the group developing a software system that automatically captures large amounts of continuous sensor data… Read More
Norway’s seafood sector sold NOK 8.6 billion (USD 1 billion, EUR 861.4 million) worth of fisheries and aquaculture products to overseas markets last month, an increase of 4 percent, or NOK 338 million (USD 40.6 million, EUR 33.9 million), compared with April 2020.
Consequently, Norway has posted record earnings in March and April, with the Norwegian Seafood Council (NSC) CEO Renate Larsen highlighting that the growth has come even though… Read More