Måsøval has confirmed it is reorganizing and has begun a process to streamline its management and public reporting processes, which will result in different parts of the business splitting into separate legal entities.
As of 1 January 2024, Måsøval will become a holding company, and all the group’s licenses will be merged into one company: Måsøval Lisens. The group’s farming operations will be a… Read More
Iceland Seafood International’s (ISI) total sales for the first nine months of 2023 increased slightly year over year to EUR 318.1 million (USD 347.4 million), but the company experienced a significant slowdown in this year’s third quarter, when its sales slipped 12 percent year over year to EUR 95.8 million (USD 104.6 million).
The Reykjavik, Iceland-based seafood firm underwent a change in leadership in September 2023, with ISI CEO… Read More
The Blue Marine Foundation, an environmental non-governmental organization, has criticized U.K. retailers that claim to oppose the use of drifting fish-aggregating devices (dFADs) while still selling tuna caught using them.
Blue Marine Foundation’s Head of Investigations Jess Rattle, the author of the study, said there are startling disparities between U.K. retailers’ own-label canned tuna and the brand-name tuna they sell alongside… Read More
E.U. member-states and additional member countries of the General Fisheries Commission for the Mediterranean (GFCM) adopted several measures at the regional fisheries management organization’s 46th annual session in early November.
The GFCM adopted a series of recommendations aimed toward minimizing fishery impacts on the wider marine environment, along with measures to refine the reach and effectiveness of the science-based management… Read More
Norwegian land-based salmon farmer Salmon Evolution announced in its Q3 2023 report that it lost NOK 36.5 million (USD 3.4 million, EUR 3.1 million) before taxes, but that it also experienced strong biological performance throughout the period, ending with its best-standing biomass to date at its Indre Harøy facility, which attained Aquaculture Stewardship Council (ASC) certification in late October.Read More
Disease challenges in its farming segment and lower quotas for its wild-catch operations had a negative impact on Lerøy Seafood Group’s earnings in the third quarter of this year.
Lerøy Seafood CEO Henning Beltestad confirmed that at the end of Q3 and beginning of Q4, the company has faced infectious salmon anemia (ISA) disease issues at some grow-out sites. These have resulted in lower production levels than expected and… Read More
Continuing biological challenges at its Norwegian and British Columbia (B.C.) salmon farming sites impacted Grieg Seafood ASA’s production and results in Q3, hitting its revenue and earnings.
Grieg’s Q3 2023 report, published on 14 November 2023, said the company had low harvest volumes in the quarter, as the focus was put on rebuilding biomass.
CEO Andreas Kvame said that as a result of the low salmon harvest volume, costs per… Read More
European Fishmeal and Fish Oil Producers (EFFOP) has warned the Scottish government to carefully consider the consequences of its proposal to cease all sandeel fishing in the country’s waters.
Recognizing that European sandeel fishing has historically been an important resource within the fishmeal market, the EFFOP claims an abrupt closure of the fishery in Scotland might disrupt supply chains, impact jobs, and negatively affect local… Read More
Norway’s new resource rent tax for salmon farming has hit AKVA Group’s land- and sea-based business arms, with the company saying it was forced to take corrective measures, including the termination of 50 positions. Delivering the Norwegian aquaculture services and equipment provider’s third-quarter results on 10 November 2023, CEO Knut Nesse explained that the company will carry out a “rightsizing process” –… Read More
Mowi CEO Ivan Vindheim is predicting his company will set a “milestone” achievement with a 2024 harvest of 500,000 metric tons of farmed salmon.
With the delivery an all-time high harvest volume of 135,000 metric tons (MT) in Q3 2023, and a record volume of 484,000 MT projected for the full-year 2023, Vindheim said a 500,000 MT harvest is achievable for the world’s largest salmon faming company in 2024.
“We can and will… Read More