E.U. member-states and additional member countries of the General Fisheries Commission for the Mediterranean (GFCM) adopted several measures at the regional fisheries management organization’s 46th annual session in early November.
The GFCM adopted a series of recommendations aimed toward minimizing fishery impacts on the wider marine environment, along with measures to refine the reach and effectiveness of the science-based management
… Read MoreNorwegian land-based salmon farmer Salmon Evolution announced in its Q3 2023 report that it lost NOK 36.5 million (USD 3.4 million, EUR 3.1 million) before taxes, but that it also experienced strong biological performance throughout the period, ending with its best-standing biomass to date at its Indre Harøy facility, which attained Aquaculture Stewardship Council (ASC) certification in late October.
The company’s standing biomass
… Read MoreDisease challenges in its farming segment and lower quotas for its wild-catch operations had a negative impact on Lerøy Seafood Group’s earnings in the third quarter of this year.
Lerøy Seafood CEO Henning Beltestad confirmed that at the end of Q3 and beginning of Q4, the company has faced infectious salmon anemia (ISA) disease issues at some grow-out sites. These have resulted in lower production levels than expected and
… Read MoreContinuing biological challenges at its Norwegian and British Columbia (B.C.) salmon farming sites impacted Grieg Seafood ASA’s production and results in Q3, hitting its revenue and earnings.
Grieg’s Q3 2023 report, published on 14 November 2023, said the company had low harvest volumes in the quarter, as the focus was put on rebuilding biomass.
CEO Andreas Kvame said that as a result of the low salmon harvest volume, costs per
… Read MoreEuropean Fishmeal and Fish Oil Producers (EFFOP) has warned the Scottish government to carefully consider the consequences of its proposal to cease all sandeel fishing in the country’s waters.
Recognizing that European sandeel fishing has historically been an important resource within the fishmeal market, the EFFOP claims an abrupt closure of the fishery in Scotland might disrupt supply chains, impact jobs, and negatively affect local
… Read MoreNorway’s new resource rent tax for salmon farming has hit AKVA Group’s land- and sea-based business arms, with the company saying it was forced to take corrective measures, including the termination of 50 positions. Delivering the Norwegian aquaculture services and equipment provider’s third-quarter results on 10 November 2023, CEO Knut Nesse explained that the company will carry out a “rightsizing process” –
… Read MoreMowi CEO Ivan Vindheim is predicting his company will set a “milestone” achievement with a 2024 harvest of 500,000 metric tons of farmed salmon.
With the delivery an all-time high harvest volume of 135,000 metric tons (MT) in Q3 2023, and a record volume of 484,000 MT projected for the full-year 2023, Vindheim said a 500,000 MT harvest is achievable for the world’s largest salmon faming company in 2024.
“We can and will
… Read MoreGlyvrar, Faroe Islands-based Bakkafrost Group recorded a strong Q3 2023 in its fishmeal, fish oil, and feed segment, but low fish growth rates at its Faroese farming sites and micro-jellyfish blooms causing high mortality on its Scottish farms have resulted in the company delaying some planned harvests in both regions until Q1 2024.
Delivering Bakkafrost’s Q3 2023 results, CEO Regin Jacobsen explained the aim of the delays is to optimize
… Read MoreThe Kingfish Company maintained a strong biological performance in the third quarter of 2023 and, through increased productivity, achieved a record-best biomass growth of 637 metric tons (MT), up from 374 MT in the corresponding period of last year.
The company operates a land-based yellowtail kingfish-farming firm in Kats, the Netherlands, and is advancing work on another farm in the U.S. state of Maine.
“We are very happy with the growth
… Read MoreU.K. seafood brand LEAP has brought back an advertising icon of the 2000s as part of its largest campaign to date, aimed at getting the British public to eat more wild-caught fish.
Big Mouth Billy Bass, a wall-mounted fish that lip-syncs songs and has been featured in several TV shows and movies, is back, but this time, it’s in giant animatronic form outside Waterloo – the United Kingdom’s busiest railway station –
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