Nonprofit WorldFish and the Norwegian Agency for Development Cooperation (Norad) have signed an agreement to develop low-cost and highly nutritious aquaculture feeds based on novel ingredients that will be used and tested by thousands of smallholder fish farms in Kenya, Nigeria, and Zambia.
The project, known as “Development and Scaling of Sustainable Feeds for Resilient Aquatic Food Systems in Sub-Saharan Africa (FASA),” will run… Read More
The U.K.’s Environment Food and Rural Affairs (EFRA) Committee has called on the state to prioritize the wild-catch sector when allocating money from the next round of its seafood fund.
The committee has recommended the size of the fund should be increased by 50 percent to GBP 150 million (USD 179.3 million, EUR 176.4 million) because of the strong level of interest in the first round of infrastructure funding from ports, fish farms, and… Read More
Icelandic processing equipment firm Marel has made a “difficult decision” to reduce its global workforce by 5 percent to improve operational performance.
Despite preliminary and unaudited financial results for the second-quarter 2022 showing a new record in terms of orders received as well as increased revenue, Marel said its operational performance is “below expectations,” resulting in a preliminary EBIT margin of 6.3… Read More
Details of the U.K. government’s latest round of sanctions against Russia in the wake of its Ukraine invasion have been released, with the measures including an additional 35 percent tariff on Russian whitefish imports.
This tariff was originally announced in March 2022, but wasn’t confirmed until 19 July. The additional duties came into effect Wednesday, 20 July.
The tariffs will affect direct seafood imports of Russian origin, with… Read More
Norway-based Mowi ASA posted operational earnings before interest and taxes (EBIT) of approximately EUR 320 million (USD 324.1 million) for the second quarter of this year, some EUR 183 million (USD 185.4 million) more than in the corresponding period of 2021 …
Photo courtesy of… Read More
The current E.U. control rule on margin of tolerance is incompatible with the conditions and specificities inherent to fishing operations in the tropical tuna purse seine fishery, the Association of National Organizations of Fishing Enterprises in the E.U. (Europêche) has warned.
For several months, ANABAC (National Association of Tuna Freezer Vessel Shipowners), OPAGAC (Organización de Productores Asociados de Grandes… Read More
Norway Royal Salmon (NRS) has elected to cull all its fish at its Elva salmon farming site in the Alta Municipality, Finnmark County, Norway, after it detected the presence of the disease Parvicapsulose.
NRS confirmed the decision in a filing on the Oslo stock exchange on 14 July 2022, saying that the cull will take place for “welfare reasons.”
The site comprises a stock of 800,000 triploid fish with an average weight of 0.65… Read More
Norwegian biotech and krill-harvesting company Aker BioMarine ASA saw a slight drop in its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and revenue in Q2, but posted "good profitability," the company said …
Photo courtesy of Aker… Read More
Bergen, Norway-headquartered fish-farming and fishing company Lerøy Seafood Group (LSG) harvested 33,100 gutted-weight tonnage (GWT) of salmon and trout in the second quarter of 2022, representing a decrease of 3,600 GWT compared with the corresponding period of 2021 …
Photo by Jennifer… Read More
Neskaupstaður, Iceland-based Síldarvinnslan has entered a deal to acquire all of the shares in Vísir for ISK 20 billion (USD 144.4 million, EUR 143.5 million).
With the interest-bearing debt of Grindavík, Iceland-based Vísir amounting to ISK 11 billion (USD 79.4 million, EUR 78.9 million), the transaction will total ISK 31 billion (USD 223.9 million, EUR 222.5 million).
According to a filing with the Nasdaq… Read More