Business & Finance
Faroese salmon farmer Bakkafrost Group delivered total operational earnings before interest and taxes (EBIT) of DKK 168.3 million (USD 25.7 million, EUR 22.6 million) in the third-quarter of this year, a decrease from DKK 251.8 million (USD 38.5 million, EUR 33.8 million) in Q3 2016.
Bakkafrost’s farming segment delivered an operational EBIT of DKK 139.6 million (USD 21.4 million, EUR 18.7 million) in the last quarter – a drop… Read More
The future for seafood sales, distribution, and marketing firm Tropical Aquaculture Products, Inc., exists in a familiar setting for its founder and president, John K. Schramm.
The company – which works with a cooperative of family-run aquaculture operations throughout South America and beyond – recently expanded its office presence in the United States, opening a second location in Schramm’s hometown of Rockland, Maine. The… Read More
Nordic Aquafarms – the Norway-based company with plans to construct a USD 500 million (EUR 438 million) salmon recirculating aquaculture system facility in Belfast, Maine, U.S.A. – plans to highlight local production as they market the fish to the U.S., according to Commercial Director Marianne Naess.
Naess – who sat down for an interview with SeafoodSource at the company’s new offices in Portland, Maine (a full… Read More
The turnover achieved by the U.K. fishing fleet has reached GBP 1 billion (USD 1.3 billion, EUR 1.1 billion) for the first time, finds new figures released by seafood public body Seafish.
In 2016, the fleet achieved a turnover of GBP 981 million (USD 1.28 billion, EUR 1.12 billion).
Seafish’s report, “Economics of the UK Fishing Fleet 2017,” which analyzes the performance of the catching sector and is based on the most recent… Read More
Bergen, Norway-headquartered Marine Harvest has confirmed operational earnings before interest and taxes (EBIT) of EUR 207.1 million (USD 234.7 million) for the third quarter of 2018, up from EUR 194.2 million (USD 220.1 million) in Q3 2017, and a new record for the three-month period. The increase of EUR 12.9 million (USD 14.6 million) from the comparable quarter was mainly volume-driven, with increased outputs from both the farming and feed… Read More
Grieg Seafood Group (GSF) harvested 16,940 metric tons (MT) of salmonids in the third-quarter of this year, which was a slight increase on the corresponding period of 2017, according to the company’s latest operational update.
However, an increase in gill related diseases in Shetland and recurring incidents of harmful algal bloom in British Colombia (BC) during the last quarter resulted in reduced survival rate and higher costs.… Read More
In the latest moves in its ongoing trade secrets litigation, National Fish and Seafood is asking for continued injunctions against Tampa Bay Fisheries and a former employee in its trade secrets lawsuit, while Tampa Bay is asking the judge to rule against NFS.
Court-ordered injunctions, which prevent Tampa Bay from viewing or otherwise using any National Fish documents, should remain in place for the remainder of the litigation “due to the… Read More
Whole Oceans – the company building a recirculating aquaculture system in Bucksport, Maine, U.S.A. to farm salmon – announced on 25 October that Jason Mitchell will assume the primary operating role from former CEO Rob Piasio.
Mitchell was previously serving as the Chief Operating Officer for Whole Oceans, and was appointed by the company’s board of managers. Piasio, the company’s founder, will continue to serve on… Read More
Iréne Moon, The Saucy Fish Co.’s former sales and marketing lead in North America, has accepted a new role with Portland, Maine, U.S.A.-based supplier Bristol Seafood, the company announced on 23 October.
Moon will serve as Bristol’s new vice president of marketing, bringing “a wealth of experience, insight, and energy” to the company’s leadership ranks, Bristol’s President and CEO Peter Handy… Read More
Pier Fish Co. Inc., based in New Bedford, Massachusetts, U.S.A., announced on 23 October that it has named Beth Hickam as the company’s vice president of West Coast sales.
Hickam brings 10 years of industry experience from her previous roles as sales representative for Icicle Seafoods of Seattle, Washington, in addition to sales positions at Blue North Trading Co., also of Seattle, and Seaport Products of Kirkland, Washington.
A… Read More