Scotland’s aquaculture sector contributed approximately GBP 885 million (USD 1.1 billion, EUR 961.3 million) to the nation’s wider economy and supported 11,700 jobs in 2018, according to new research commissioned and published by Marine Scotland.
The report, “Estimation of the Wider Economic Impacts of the Aquaculture Sector in Scotland,” finds that the economic impact of aquaculture is felt well beyond the industry… Read More
U.K. supermarket chain Asda Stores Ltd. has determined that sustainability improvements need to be made across its seafood supply chain, with a new independent report finding that some of its best-selling capture-fisheries products may be putting marine mammals, sharks, seabirds, and sea turtles at risk.
Walmart-owned Asda, the second-largest supermarket chain in the United Kingdom, is the country’s first multiple retailer to assess the… Read More
Former Scottish government minister and member of the Scottish Parliament (MSP) for Shetland Tavish Scott has been appointed as the new chief executive of the Scottish Salmon Producers Organisation (SSPO).
The trade body, which represents Scotland’s salmon producers, has moved quickly to fill the vacancy created by the departure of Julie Hesketh-Laird at the end of this month.
Scott joins SSPO from Scottish Rugby, where he has… Read More
Aquaculture services and equipment provider AKVA Group ASA has signed a design and cooperation agreement with Dubai, United Arab Emirates.-based and Vikings Label for design of a number of land-based salmon farms in the Middle East.
Announcing the deal, Vikings Chief Technical Officer Morten Malle said it was important to get an experienced and solid technology partner onboard for the project, which is aimed at building a land-based… Read More
Arnarlax AS has engaged DNB Markets as sole global coordinator in connection with a potential private placement and listing on the Norwegian Stock Exchange's Merkur Market, expected to take place this year.
Following the listing on Merkur Market, Bíldudalur, Iceland-based Arnarlax will continue to consider the potential for a future listing on Oslo Børs or Oslo Axess.
Arnarlax is 59.4 percent owned by Frøya,… Read More
Bergen, Norway-headquartered Grieg Seafood will cease salmon farming operations at its five sites on the Isle of Skye in Scotland, citing the long distance between the Inner Hebrides island and its main operations on Shetland as the main reason for its decision.
An announcement posted on Grieg’s website stated that the distance was too great to operate the two areas as one unit, and that the Skye operation was too small to be operated as… Read More
Family-owned Norwegian salmon and fjord trout processing company Inka AS has confirmed that its new factory in Bergen will soon be fully operational.
Following a EUR 13 million (USD 15.3 million) investment, the 5,500 square meter facility is complete and now going through a series of tests and equipment fine-tuning, reported local independent newspaper Midtsiden.
The 3,000-square-meter ground floor includes a freezer and two Marel production… Read More
German consumers bought 401,000 metric tons (MT) of seafood in retail channels last year, spending EUR 4.1 billion (USD 4.9 billion) in the process. While the volume was on par with 2018, the value represented an increase of 4.8 percent, and set a new sales record, trade assiciation Fisch-Informationszentrum (FIZ) has confirmed.
The COVID-19 pandemic has further lifted sales, with Hamburg-based FIZ identifying double-digit increases in both the… Read More