Scottish aquaculture businesses affected by the collapse of international markets as a consequence of the coronavirus pandemic can apply to have the costs of maintaining unsold stock through a new GBP 1.25 million (USD 1.6 million, EUR 1.4 million) fund.
The scheme, which is being funded by the E.U. European Maritime and Fisheries Fund (EMFF), will support businesses by compensating for the costs of transport, processing, and cold storage for… Read More
The volume of whole fresh salmon exported by Norway during the coronavirus pandemic is now at the same level as the corresponding period of last year, with a strong upturn in trade in recent weeks and prices at their highest level since the crisis began ...
Photo courtesy of… Read More
Oslo, Norway-based marine ingredients company Aker BioMarine AS has engaged Arctic Securities AS, DNB Markets, and Skandinaviska Enskilda Banken AB as joint bookrunners to assist it in a contemplated private placement of new shares, followed by a listing of its shares on the Oslo Stock Exchange’s Merkur Market.
The Aker ASA subsidiary, which was established in 2006 and specializes in krill harvesting and processing, then intends to proceed… Read More
With the latest edition of “The State of World Fisheries and Aquaculture” (SOFIA) report, produced biennially by the Food and Agriculture Organization of the United Nations (FAO), finding that the global rate of aquaculture production growth has slowed in recent years, the Federation of European Aquaculture Producers (FEAP) has warned that reversing this trend necessitates generating much greater political support for the industry as… Read More
China has halted shipments of salmon from Europe after it was incorrectly linked to a new coronavirus outbreak in Beijing.
Shipments were frozen after the virus was discovered on fish chopping boards in Beijing’s Xinfadi seafood market, the epicenter of a new cluster of COVID-19 infections.
A European Commission spokesman said “there is no formal ban or import restriction in place”, but that seafood traders confirmed Beijing… Read More
New investment totaling EUR 3.5 million (USD 3.9 million) has been made in six seafood processing companies seeking export and value growth, Ireland’s Minister for Agriculture Food and the Marine Michael Creed has confirmed.
The department’s European Maritime and Fisheries Fund program has provided grants of almost EUR 1.1 million (USD 1.2 million) to these firms, with co-funding coming from the Irish government and the European… Read More
Fishermen in the United Kingdom have been told not to catch the eastern Atlantic bluefin tuna that are increasingly being found in British waters.
For several years, eastern bluefin tuna appeared more or less absent from U.K. waters, but sightings by scientists conducting surveys, and by members of the public on fishing vessels and leisure boats, have suggested that there is an increased incidence of this highly migratory species in recent… Read More
Next year’s Barents Sea cod catch can increase to 885,600 metric tons (MT), according to the latest recommendation from the International Council for the Exploration of the Sea (ICES) …
Photo courtesy of Grigorev… Read More
Aquaculture services and equipment provider AKVA Group ASA has signed a non-binding term sheet with the Norwegian company AquaCon AS to design and supply equipment and engineering for a new land-based salmon farm in the United States.
The final contract, if awarded, is expected to have a minimum value of USD 130 million (EUR 115.5 million). The project and AKVA's deliveries are expected to be completed by 2023. The term sheet is expected to… Read More
The uncertainty generated by both Brexit and the COVID-19 pandemic for seafood processors across the European Union has increased the need for prompt agreement on the new autonomous tariff quota (ATQ) regulation for certain fishery products for the period 2021-2023, according to the European Fish Processors & Traders Association (AIPCE-CEP).
To enable the region’s processing companies to plan their activities and safeguard employment,… Read More