The United Kingdom’s seafood imports and exports fell sharply in the first-quarter of this year as a result of market lockdowns, greatly reduced freight transport availability, and scaled back industry workforces – all brought by the COVID-19 pandemic situation – finds new market insight compiled by trade body Seafish …
Photo courtesy of Kelvin… Read More
Samherji’s board of directors have confirmed receipt of an investigation report produced by law firm Wikborg Rein, which explored the strong allegations of bribery and other illegal practices made against the Icelandic fisheries company's operations in Namibia. It will look to make some of the report’s findings public in due course.
As previously reported by SeafoodSource, allegations were directed at Samherji and the company's… Read More
Up until the coronavirus lockdown, the United Kingdom's foodservice industry was showing tentative signs of growth, with seafood performing particularly well. However, the restrictions imposed on 20 March, 2020, which forced the country’s restaurants and pubs to close, resulted in a dramatic decline in the trade, finds new analysis published by trade body Seafish.
The “COVID-19 Seafood in Foodservice” report,… Read More
Chessington, Surrey, United Kingdom-based seafood importer, processor, and distributor New England Seafood International Ltd. (NESI) posted slightly lower profits last year, in a business environment that became steadily more challenging.
The company posted an operating profit before exceptional items and amortization of just over GBP 5 million (USD 6.4 million, EUR 5.5 million) for the year ended 31 October, 2019, down from almost GBP 5.7… Read More
Lough Egish, County Monaghan-headquartered marine ingredients supplier Bio-Marine Ingredients Ireland Ltd. (BII) has raised EUR 5 million (USD 5.8 million) in private equity funding from investors, sourced by its corporate finance partner Cantor Fitzgerald Ireland, The Sunday Times has reported.
The money is to be used to bring a manufacturing facility into production and to fund working capital.
It was reported that Cantor also raised EUR 3… Read More
Challenges brought by the COVID-19 crisis have “noticeably shifted” the Scottish seafood market, with increased opportunities now arising in domestic and distant markets, according to trade body Seafood Scotland.
Current business behaviors also point to the European market becoming more challenging, with increased red tape around Brexit and trade barriers resulting from various national lockdowns and travel restrictions.
With the… Read More
Mowi Ireland would gladly pump millions of euros into expanding its salmon farming and processing operations while also increasing its workforce, but believes that the current and very complex regulatory framework for aquaculture licensing in the country is standing in the way of such investments, Managing Director Jan Feenstra confirmed to SeafoodSource ...
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An article published this week by investigative journalism training project Finance Uncovered, examining the operations of companies in Namibia affiliated with Samherji, has been criticized by the Icelandic fisheries company for containing many factual errors as well as recycled, previously published material.
In a statement published on 21 July, Samherji Co-CEO Björgólfur Jóhannsson said the company had been corresponding… Read More