The United Kingdom has announced a ban on exports of high-end luxury goods to Russia, while also hitting hundreds of key Russian products with new import tariffs that represent a 35 percentage point hike on current rates.
Russian whitefish is one of the products affected by the tariff increases, as is vodka, while the export ban will likely affect luxury vehicles, high-end fashion, and works of art.
In a press release issued on 15 March, 2022,
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Scotland exported 4,828 metric tons (MT) of farmed salmon in January 2022, an increase of 1,607 MT on the corresponding month of 2021, with the sector earning GBP 37.2 million (USD 48.6 million, EUR 44.3 million) or 95 percent more from the trade, according to the new figures published by the U.K. government …
Photo courtesy of Seafood
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Vigo, Spain, headquartered family-owned fishing company Grupo Profand has acquired a majority stake in Greek fish farmer Kefalonia Fisheries, with the move intended to support its international growth and expansion.
Focused mainly on the production of sea bass and sea bream, Kefalonia comprises four fish farms, two packaging plants, and a hatchery that produces fish eggs and smolt. It employs 150 people.
“Thanks to this addition we
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Saying that it has “taken inspiration from the current craze for plant-based protein products,” frozen fish specialist Greenland Seafood has expanded its product offering with a new vegetable frozen range.
Targeted at both retail and foodservice markets, the rice-protein based range offers alternative products to fish while incorporating the core range and the marketing codes of the fish bestsellers in the frozen section, the company
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A new spin-off company from the University of the West of Scotland (UWS) has received a GBP 1.2 million (USD 1.6 million, EUR 1.5 million) investment from the University, Kelvin Capital, and Scottish Enterprise …
Photo courtesy of WellFish
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Despite the recent discontinuation of its exports to Ukraine in the wake of Russia's invasion, Norway’s seafood industry managed to ship NOK 11.3 billion (USD 1.3 billion, EUR 1.1 billion) worth of products to overseas markets last month, the highest February value in the country’s history.
Compared with February 2021, the increase in value was 30 percent, or NOK 2.6 billion (USD 291.8 million, EUR 263.7 million). Poland provided
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Aarhus, Denmark-headquartered aquafeed supplier BioMar Group has shut down all of its commercial trade activities within Russia in the wake of its invasion of Ukraine.
BioMar said the ban represents a major step for the company, as the loss of raw materials from Russia and lost sales volume will have a significant impact on its bottom line.
“This has not been an easy decision, but as a company driven by our purpose and values, we must take
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Diana Aqua, a business unit of Symrise Taste, Nutrition, and Health specializing in the production of functional ingredients and palatability-enhancers that help aquafeed manufacturers to develop high performance feeds, has confirmed it has begun operating under new name, Symrise Aqua
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Following its acquisition of Grieg Seafood Hjaltland UK at the end of last year, Scottish Sea Farms has confirmed two new appointments in Shetland …
Photo courtesy of Scottish Sea
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SalMar ASA has selected Linda Litlekalsøy Aase to take over the position of CEO at the Frøya Municipality, Norway-headquartered salmon farming firm.
Aase will take up the role no later than 1 June, 2022, while current CEO Gustav Witzøe said he is willing to be nominated to the company's board, according to a statement issued by SalMar’s board of directors.
The new CEO joins from Aker Solutions, where she served as an
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