The latest catch-limit advice for Northeast Atlantic pelagic stocks issued by the International Council for the Exploration of the Sea (ICES) show that fishing pressure is above sustainable levels and that further reductions are required, according to the North Atlantic Pelagic Advocacy Group (NAPA).
ICES advised the 2023 catch for Northeast Atlantic mackerel should be no more than 782,066 metric tons (MT); a 1.6 percent reduction from its 2022… Read More
Bergen, Norway-headquartered Mowi saw larger harvests and higher earnings in Q3 2022 compared to Q3 2021, in part thanks to big harvests at its Norwegian operations.
Mowi achieved a company-wide salmon harvest of 134,000 metric tons (MT) in the third-quarter of this year, representing a volume increase of 17,000 MT compared with the corresponding period of 2021 and 2,000 MT more than its previous guidance for the period. According to… Read More
Despite having just one complete production period under its belt, Trondheim, Norway-based aquaculture venture Norcod said it has seen its fish already amass admirers in a number of important seafood markets.
The GlobalG.A.P.-certified producer, which was established in 2018, only started the second harvest period for its farmed cod in October, and it's scheduled to run through June 2023. But its parent company, Copenhagen,… Read More
Bergen, Norway-headquartered salmon farming group Grieg Seafood announced on 11 October it has joined several other Norwegian salmon farmers in halting expansion plans in the wake of a proposed 40 percent resource tax on aquaculture operations.
The company announced that a proposed expansion of a smolt plant in Lebesby, Finnmark, Norway – which the company estimated represents a NOK 1 billion (USD 93 million,… Read More
Already firmly established as the world’s most-traded animal protein, with commerce valued at 3.6 times the size of beef, five time that of pork, and eight times greater than poultry, the global seafood trade flow added a further USD 13 billion (EUR 13.4 billion) to its value in 2021, climbing to a new high of USD 164 billion (EUR 169 billion), according to the latest industry report compiled by Rabobank.
According to the Dutch… Read More
Scottish Sea Farms has confirmed it will make cost-of-living support payments to its 678 employees to help ease the impact of soaring fuel bills and food prices this winter.
The support, amounting to GBP 750 (USD 828, EUR 853) for each employee, will be paid in three installments, with GBP 250 (USD 276, EUR 284) added to monthly salaries in October and November, then a break in December when the company historically rewards its employees… Read More
New measures restricting Russian fishing boats’ access to Norway to just three ports are being introduced by the Norwegian government.
Norway said it plans to swiftly implement the move to prevent Russian vessels from circumventing sanctions implemented in response to the invasion of Ukraine, according to Norway Foreign Minister Anniken Huitfeldt.
"We have closely monitored Russian activity in Norwegian waters and in Norwegian ports… Read More
London, U.K.-based private equity impact investment fund Ocean 14 Capital has invested over EUR 10 million (USD 9.7 million) in Brazilian tilapia producer Tilabras.
Launched in 2019, Ocean 14 Capital, is seeking to build a portfolio of 20 to 25 holdings within three years that offer both environmental benefits for oceans and provide competitive financial gains for investors. Tilabras said it has developed “a planet-friendly… Read More
Frøya, Norway-headquartered SalMar harvested 53,600 metric tons (MT) of head-on gutted (HOG) salmon in the third-quarter of 2022, up 1,500 MT on the corresponding period of 2021, due to an increased volume from the group’s largest business segment, Farming Central Norway, as well as from its Icelandic operations.
Its farms in central Norway harvested a total of 36,000 MT of salmon in the period, 1,800 MT more than in Q3 2021.… Read More
New national measures aimed at boosting Scotland’s seafood economy have been set out by the Scottish government in its newly published strategy for the country’s seafood sector.
The “Strategy for Seafood” outlines how the fishing and aquaculture sectors are being supported, and showcases ongoing work to monitor and manage the marine space to give consumers’ greater confidence in the sustainability of the… Read More