Aquaculture technology and services provider AKVA Group ASA has announced that it expects to report negative earnings before interest and taxes (EBIT) for the fourth quarter of 2019, with lower than projected revenues from land-based projects cited as being largely responsible for the downturn.
Based on a preliminary assessment of its results from the closing three months of last year, the company’s current estimate is that its EBIT loss… Read More
Meritxell Diez-Padrisa has been confirmed as the new production director at Mowi Scotland. Starting in February, she will replace outgoing director Gideon Pringle.
Diez-Padrisa was an internal candidate for the position. She has been employed by the company since 2011 and has worked as head of fish health since 2017, with a break in 2015-16, when she held the position of head of fish health for Grupo Culmarex.
“I am looking forward… Read More
Michelin-starred chef Mark Sargeant has been announced as head judge in the U.K. Young Seafood Chef of the Year 2020 competition.
Now in its 24th year, the contest seeks out aspiring chefs and encourages them to cook with seafood.
With an application deadline of 1 April, it is open to professionals under the age of 25. Entrants will compete across three regional heats in May in which they will work in teams of two to produce a three-course… Read More
Bergen, Norway-headquartered salmon farmer Mowi ASA achieved operational earnings before interest and taxes (EBIT) of EUR 165 million (USD 184.1 million) in the fourth quarter of last year, which was EUR 48 million (USD 55.6 million) less than it posted for the corresponding period of 2018.
According to the group’s latest trading update, the total volume harvested in the last quarter was 116,000 metric tons (MT) gutted weight equivalent… Read More
Faroese salmon farming group Bakkafrost has initiated the compulsory acquisition of the shares that it doesn’t already own in The Scottish Salmon Company PLC (SSC).
According to Bakkafrost, which first moved to acquire SSC in September 2019, these shares represent approximately 4.5 percent of the total number of shares in issue in SSC.
Shareholders will be offered a compensation of NOK 28.25 (USD 3.17, EUR 2.85) per share in the… Read More
Eight new titles have been added to the annual Master Fishmonger Standard Awards in recognition of the wider range of skills used in the fishmonger trade, as well as sustainability commitments and local engagement efforts.
The new awards comprise: Blocksman of the Year, Training and Development, Best Mobile Fish Shop, Best Community Outreach, Best Fish and Shellfish Counter, Sustainability – Retail, Sustainability – Seafood… Read More
U.K. retailer Asda plans to ditch many of its in-store fish and meat counters to make way for the further roll-out of its ready-to-eat “Food for Now” concept.
Through this expansion, the Walmart-owned chain is aiming to meet the changing needs of its customers, it said in a press release.
The counters will transition from February 2020 as part of a new round of “test and learn” trials. Asda said that this will… Read More
Despite 2020 being just days old, Kilkeel, Northern Ireland-based Rooney Fish has received year-end holiday orders from many of its customers, including Michelin-star restaurants, five-star hotels, and supermarket chains.
Established in 1975, the second-generation family seafood business specializes in products sourced from the Irish Sea, including langostines, crabs, whelks, scampi whole tails, scallops, lobsters, and oysters. As well as… Read More
Kverva, Norway-headquartered salmon farming group SalMar harvested 40,300 metric tons (MT) of gutted fish in the final quarter of last year, a slight decrease of 200 MT compared to the record volume produced in the corresponding period of 2018.
However, it should be noted that SalMar’s Q4 2018 figures did not include salmon harvested by its Icelandic subsidiary Arnarlax. It increased its holding of shares in the company to more than 50… Read More
Bakkafrost Group’s salmon farms in the Faroe Islands harvested 18,000 metric tons (MT) of head-on gutted (HOG) weight fish in the fourth quarter of last year, an increase of 6,700 MT on the corresponding period of 2018.
According to the producer’s latest trading update, its farming operations in the west contributed 13,200 MT of salmon, with its sites in the south supplying the remaining volume. No fish was harvested at its farms in… Read More