Goldman Sachs has officially completed its acquisition of a controlling 72-percent stake in aquaculture services firm Frøy in a deal worth a reported NOK 6.6 billion (USD 630 million, EUR 577 million).
SalMar entered the sales process in April, after classifying its stake in Frøy as an asset for sale in a January 2023 update. At the time, the company reported “strong incoming interest” in its holdings in the company.
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Scotland’s salmon exports for the first half of 2023 increased by 9 percent year over year, reaching a value of GBP 306 million (USD 388 million, EUR 355 million).
The exports, based on data from His Majesty’s Customs and Revenue (HMRC), show that the country is on pace for a successful year, Salmon Scotland said. While the volume of exports decreased, high demand and tight supply pushed up prices and resulted in a solid first
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Premium Brands Holdings Corporation announced a record Q2 revenue of CAD 1.63 billion (USD 1.2 billion, EUR 1.1 billion), largely buoyed by the company’s specialty foods segment.
The company, which has acquired a number of different seafood firms including Clearwater Seafoods – which it purchased jointly with a coalition of Mi’kmaq First Nations in 2020 – saw its specialty foods segment generate 8.1 percent
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Norwegian cod farming firm Statt Torsk has launched a strategic review to determine how to secure necessary financing, with a stated goal of finding an industrial partner.
The Stokkeneset, Norway-based company announced the new review in its Q2 2023 results, which highlighted the company's increased harvests and revenue, along with increased losses.
The company posted revenue of NOK 42.2 million (USD 4 million, EUR 3.6 million) in Q2 2023, up
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The United Kingdom Marine Management Organisation (MMO) is restarting the rollout of its planned inshore vessel monitoring system (I-VMS) after re-verifying the devices it has selected for the system are up to the task.
The MMO planned to make carrying an I-VMS device mandatory for all vessels under 12 meters – both domestic and foreign – fishing in English waters, with each vessel required to install one of four devices that the
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Norwegian salmon farm installation, maintenance, inspection, fish transport, treatment, sorting, and counting task firm Frøy reported a positive Q2 2023 in what will likely be its last quarterly report as a subsidiary of salmon firm SalMar.
In a Q2 2023 trading update, the company reported revenue of approximately NOK 518 million (USD 49 million, EUR 45 million), a slight increase over the NOK 507 million (USD 48.6 million, EUR 44.4
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Aquaculture equipment provider AKVA Group reported record high activity and improved profitability in Q2 2023, and is coming out of the quarter with a record order backlog.
The Sømna, Norway-based company posted Q2 2023 revenues of NOK 940 million (USD 90.2 million, EUR 82.2 million), an increase of 4 percent compared to the same quarter of 2022. In addition to the increases in revenue, the company also posted a large jump in earnings
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A trial health certificate system used by the United Kingdom in the wake of Brexit has come to an end, and seafood exporters worry the lack of a replacement will cost the seafood industry significant amounts of time and money.
The trial system digitized all of the health certificates needed to export fish and chilled food to Europe, a move designed to save time and money on post-Brexit paperwork that was suddenly needed after the U.K. and E.U.
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Ace Aquatec has continued to make inroads into the aquaculture industry as Greek aquaculture company Philosofish has adopted its humane stunner technology.
Philosophish, which farms sea bream and bass, installed two of Ace Aquatec’s in-water humane stunners in April 2023. According to a release from the two companies, the new stunner has been “transformative” for the company’s production, both increasing efficiency and
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High Liner Foods reported lower earnings in Q2 2023 – the first time it has seen a decline after an eight-quarter growth streak – as market headwinds and softer consumer demand hurt its bottom line.
The company posted adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q2 2023 of USD 53.3 million (EUR 48.3 million), a decrease of USD 500,000 (EUR 453,000), or 0.9 percent, compared to Q2
Net income
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