Iceland-based salmon-farming company Ice Fish Farm (Ifish) harvested 1,966 metric tons (MT) of fish in the third quarter of 2022, a 904-MT increase on the corresponding period of 2021. However, the average weight of the Q3 harvest was a low 2.7 kilograms due to early harvesting.
Ice Fish Farm is owned by Froya, Norway-based Måsøval and completed the acquisition of Icelandic salmon-farming firm Laxar in June 2022.… Read More
BioMar Group posted increased revenue for the third-quarter of this year, with higher market prices more than making up for lower sales volumes in the three-month period.
The Denmark-headquartered aquaculture feed supplier’s revenue for the last quarter increased by 41 percent, or almost DKK 1.7 billion (USD 238.2 million, EUR 228.5 million), to more than DKK 5.8 billion (USD 812.8 million, EUR 779.7 million). That revenue came from almost… Read More
Lerøy Seafood Group reported a 44 percent jump in this year’s third-quarter operating profit before fair-value adjustments to NOK 831 million (USD 83.6 million, EUR 80.1 million), citing strong demand and a substantial increase in prices for its main products as the key reasons for the improvement.
The Bergen, Norway-based fish-farming and fishing company’s revenue for the three-month period amounted to a Q3 record NOK 7.4… Read More
More than 20 countries and the European Union have adopted 21 measures to ensure the conservation and sustainable use of marine resources in the Mediterranean and the Black seas.
Following a week of intense discussions, the members of the General Fisheries Commission for the Mediterranean (GFCM) of the Food and Agriculture Organization of the United Nations (FAO), adopted a series of binding recommendations and resolutions addressing… Read More
Norwegian cod farming company Statt Torsk ASA and Norwegian land-based hybrid flow-through system salmon farmer Salmon Evolution both celebrated milestones in early November as fish begin hitting the market.
With weekly harvests now underway, Norwegian cod farming company Statt Torsk ASA entered into sales agreements for 1,600 metric tons (MT) of its farmed cod in the third-quarter of this year. The contracts are valued at approximately NOK 75… Read More
Kverva, Norway-based farmed salmon group SalMar has today, 14 November, 2022, sent notice of layoffs to 851 employees at its processing facilities in Frøya and Senja, blaming the move on the 40 percent salmon tax proposal introduced by the Norwegian government.
The proposed tax, SalMar said, has destroyed the market for long-term fixed-price contracts. The group said such contracts are usually entered into well in advance of… Read More
Christiansfield, Denmark-based aquaculture feed producer Aller Aqua A/S has confirmed that its CO2-equivalent emissions were reduced by 17 percent over the past year.
In 2021 August Aller Aqua became the first fish feed company to be verified to label its entire product portfolio CO2-equivalents according to the European Commission’s Product environmental footprint category rules (PEFCR) standard. The company recently re-verified its… Read More
Bergen, Norway-headquartered salmonid producer Grieg Seafood Group’s third-quarter 2022 operational earnings before interest and taxes (EBIT) fell NOK 4 million (USD 401,000, EUR 389,000) year-on-year to NOK 145 million (USD 14.5 million, EUR 14.1 million), despite a larger harvest in the three-month period.
Grieg harvested 22,923 metric tons (MT) of gutted-weight salmon in the quarter, up 12 percent, or 2,444 MT, from Q3 2021. In the… Read More
Huntingdon, U.K.-based Hilton Food Group reported Q3 2022 sales and revenue in line with its expectations, despite the headwind of inflationary pressures.
However, the company said profit levels for its seafood business for 2022 will not meet previous expectations, though it said the group was “well-placed” for 2023.
Hilton Food Group entered the seafood sector in 2017 with its purchase of chilled fish supplier Seachill in 2017,… Read More
A harvest volume of 53,600 metric tons (MT) combined with a solid operational performance led Norway-based salmon farming group SalMar ASA to deliver improved third-quarter financial results.
The company posted total operational earnings before interest and taxes (EBIT) of over NOK 1.31 billion (USD 125 million, EUR 127.6 million), up from NOK 748 million (USD 71.4 million, EUR 72.8 million) in Q3 2021.
SalMar’s Norwegian operations… Read More