Bergen, Norway-based fish-farming and fishing company Lerøy Seafood Group (LSG) reported revenues in excess of NOK 6.5 billion (USD 728.8 million, EUR 641.4 million) for the fourth quarter of 2021, a 26 percent year-over-year increase. At the same time, its operating profit before fair value adjustments more than doubled to NOK 902 million (USD 101.1 million, EUR 89 million).
According to LSG’s Q4 2021 report, the strong demand for… Read More
Higher salmon prices helped Bergen, Norway-headquartered producer Mowi to achieve operational earnings before interest and taxes (EBIT) of EUR 145.8 million (USD 166 million) in the fourth quarter of 2021, almost trebling the EUR 49.4 million (USD 56.3 million) that it posted in the corresponding period of 2020.
Mowi’s operational revenue of almost EUR 1.15 billion (USD 1.3 billion) in the last quarter was up from EUR 1 billion (USD 1.1… Read More
A Spanish fishing boat sank in rough seas off Canada’s east coast in the early hours of Tuesday, 15 February, 2022, taking the lives of at least 10, with another 11 missing. A search is ongoing for the remaining missing fishers.
Fifty-meter vessel “Villa de Pitanxo” operates out of northwest Spain's Galicia region. Owned by Grupo Nores, its 24-member crew included 16 Spaniards, five Peruvians, and three Ghanaians.
According to… Read More
Exports of farm-raised Scottish salmon, the United Kingdom’s most valuable food export, recovered to near-record figures in 2021.
According to official HMRC figures, overseas sales of salmon in 2021 increased by 36 percent year-over-year to GBP 614 million (USD 832.7 million, EUR 732.4 million), just GBP 4 million (USD 5.4 million, EUR 4.8 million) short of 2019’s all-time high.
Scottish salmon was shipped to 52 different markets in… Read More
With salmon prices increasing and more fish to sell, Grieg Seafood posted a fourth-quarter 2021 operational EBIT of NOK 265 million (USD 29.8 million, EUR 26.3 million) reversing the Q4 2020 operating loss of NOK 16 million (USD 1.8 million, EUR 1.6 million).
The Bergen, Norway-headquartered producer harvested 23,727 metric tons (MT) of Atlantic salmon in the last quarter, up 17 percent from 20,271 MT a year previously. It reported increased… Read More
SalMar has become the latest company to show its interest in acquiring all of the outstanding shares in the NTS ASA aquaculture group, while Mowi has announced that it will not be proceeding with its own offer.
SalMar intends to launch a voluntary offer for all outstanding shares in NTS for a combined NOK 24 (USD 2.70, EUR 2.39) in cash and 0.143241 shares in SalMar, equaling a total of NOK 120 (USD 13.50, EUR 11.94) per share based on the… Read More
Following the completion of its third and final production pilot, Statt Torsk AS will start farming cod in much larger commercial volumes at its grow-out site in Rekvika, Norway ...
Photo courtesy of Statt… Read More
Arctic Fish has been experiencing severe biological issues at two of its sites in Dyrafjordur, Iceland, parent company Norway Royal Salmon ASA (NRS) has confirmed.
In a press release, Trondheim, Norway-headquartered NRS said a final estimate of total mortality at the two sites is under review but is estimated to be between 1,500 and 2,000 metric tons (NRS) of large-size fish that were ready for market.
“All efforts are being made to… Read More
Riga, Latvia-headquartered SIA Karavela has invested in a new production line for wild-caught skinless and boneless salmon products.
Karevela CEO and Co-Owner Andris Bite current production and supply systems for wild-caught canned salmon are unable to fully meet the market demand in countries where they are in high demand, including the United Kingdom, United States, Australia, New Zealand, and Canada, while his company is already using… Read More