There has been a marginal rise in seafood consumption across the 28 E.U. member states, with growth supported by increases in both the domestic supply and imports, the latest analysis published by E.U. fish processors and traders association AIPCE-CEP has found.
According to the “Finfish Study 2019,” total E.U. consumption climbed to almost 12.9 million metric tons (MT) in 2018, equating to 25.1 kilograms per capita. It also… Read More
The mandatory offer made by Bakkafrost for all of the depositary receipts and outstanding common shares in The Scottish Salmon Company (SSC) expired on 9 December with the Faroese company’s ownership increasing to 95.6 percent.
During the offer period, which began on 11 November 2019, shareholders representing 24,585,445 shares in SSC agreed to sell their shares to Bakkafrost. The offer price was NOK 28.25 (USD 3.07, EUR 2.77) per… Read More
The first smolts from Scottish Sea Farms’ new GBP 55 million (USD 72.3 million, EUR 65.3 million) Barcaldine Hatchery, located on the shores of Loch Creran, have been transferred to sea pens.
Having arrived at the hatchery as eggs in January, the young salmon were hatched and reared using a recirculating aquaculture system (RAS) until they reached an average weight of 160 grams. This was more than double that of smolts grown by SSF… Read More
Trondheim, Norway-headquartered Norway Royal Salmon (NRS) has had NOK 400 million (USD 43.8 million, EUR 39.4 million) of its NOK 2 billion (USD 219 million, EUR 197.2 million) credit limit converted to a green loan by Danske Bank. The more favorable loan terms will help finance two major investment projects already in progress: Arctic Offshore Farming and a new smolt facility.
In 2018, NRS was granted eight development permits for the… Read More
Knut Nesse has been appointed CEO of the AKVA Group on a permanent basis, the company’s board of directors has confirmed.
Nesse joined the board in May 2019 and served as the chairperson from 16 August until he was appointed as interim CEO on 4 November, following the resignation of Hallvard Muri.
Nesse is the former CEO of Skretting and Nutreco, and is currently serving as the managing director of the Seafood Business for Ocean… Read More
Exports in Norway have been buoyed by increased harvests and prices in 2019, with the country closing in on – and likely to exceed – the NOK 100 billion (USD 10.9 billion EUR 9.8 billion) mark.
Seafood companies in Norway exported 273,000 metric tons (MT) of fisheries and aquaculture products worth NOK 10.5 billion (USD 1.1 billion, EUR 1 billion) last month, with the volume decreasing by 5 percent and the value rising 6 percent… Read More
Being better equipped to meet the rising demand for smoked fish products both from consumers in Finland and also from overseas markets was the main driver behind the multi-million-dollar expansion of Kalaneuvos Oy’s processing plant in Sastamala.
Costing EUR 28 million (USD 31 million), this new expansion more than doubles the family-owned group’s smoked fish production capacity to 8,000 metric tons (MT). The facility now houses 10… Read More
The imminent departure of Scottish Sea Farms’ (SSF) production manager of 20 years, John Rea, has led the salmon producer to divide the role into the two separate positions: regional manager for the Scottish mainland and director of farming.
Taking up the regional manager post with immediate effect is Innes Weir, a former farm manager with SSF who went on to several international roles including, most recently, U.K. general manager for… Read More
Icelandic fisheries company Samherji has dismissed claims made in the media that it owned the company Cape Cod FS or that JPC Shipmanagement, which provided services to Samherji’s companies, held ownership of Cape Cod FS on Samherji’s behalf.
In a new statement, Samherji said these accounts are wrong, and that there is nothing in ongoing legal investigations that indicate otherwise.
“Samherji does not own and has never owned… Read More
Mediterranean countries are falling well short of their commitment to protect at least 10 percent of marine and coastal areas, and to stop biodiversity loss in the region, the environmental NGO WWF is claiming.
According to the NGO’s latest analysis, only 2.48 percent of the Mediterranean Sea is protected under marine protected areas (MPAs) with management plans. The analysis states that this “is a far cry” from the minimum… Read More