Sistranda, Norway-based salmon-farming company Måsøval has announced the appointment of Helge Kvalvik as its new managing director.
“The board is satisfied that Helge has accepted the task of leading Måsøval further. His leadership experience and background will be of great use to Måsøval in an exciting phase. I look forward to working with Helge in the further development of
… Read More
Plans to introduce Scotland’s first semi-closed containment salmon farm to Loch Long have been rejected by the Loch Lomond & the Trossachs National Park, with the developers behind the proposed project calling the decision a “missed opportunity.”
Scottish producer Loch Long Salmon confirmed that the Park Board voted to reject its plans for the Benn Reithe farm in a press release. The joint-venture company said that the
… Read More
Bergen, Norway-headquartered Mowi has entered a share purchase agreement to acquire 51.28 percent of the shares in Arctic Fish, one of the leading salmon farmers in Iceland.
According to a filing with Euronext Growth Oslo, the acquisition price is NOK 115 (USD 11.06, EUR 11.19) per share, amounting to NOK 1.88 billion (USD 180.8 million, EUR 182.9 million).
Situated in the country’s West Fjords region, Arctic Fish is listed on Euronext
… Read More
Frøya, Norway-headquartered salmon-farming company SalMar’s proposed share buyout of NTS and its subsequent merger with Norway Royal Salmon (NRS) have received clearance from the European Commission.
SalMar confirmed the approval in a new filing with the Euronext Growth Oslo stock exchange. It stated that the E.C. found the share offer, and consequently the merger, to be compatible with E.U. regulations.
“By unconditionally
… Read More
Norwegian biotech and krill-harvesting company Aker BioMarine achieved revenues of USD 67.9 million (EUR 68.4 million) and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of USD 18.8 million (EUR 18.9 million) in the Q3 2022, up year-over-year from USD 62 million (EUR 62.4 million) and USD 14.4 million (EUR 14.1 million), respectively.
According to the company’s Q3 2022 report, sales in its Ingredients
… Read More
SalMar has appointed Ulrik Steinvik to the role of chief financial officer, replacing Gunnar Nielsen, who resigned in September 2022.
Steinvik joined the Frøya, Norway-headquartered salmon-farming company in 2006, and has since held several executive positions, most recently director of business improvement.
SalMar's newly appointed CEO, Frode Arntsen, said he was pleased that Steinvik had accepted the role.
“Ulrik and I have worked
… Read More
The European Commission has announced a proposal for catch limits for fish stocks in European Union waters of the Atlantic Ocean, Kattegat, and Skagerrak for 2023, and also deep-sea stocks, for 2023 and 2024.
The proposal covers 17 total allowable catches (TACs) for the fisheries operating on stocks managed solely by the E.C. and is based on scientific advice from the International Council for the Exploration of the Sea
… Read More
The Sustainable Aquaculture Innovation Centre (SAIC) in Scotland is granting GBP 500,000 (USD 578,492, EUR 577,327) in new funding for collaborative innovation projects to help Scotland’s aquaculture sector continue research and development amid rising cost-of-living pressures.
Funds will be split between successful project proposals designed to future-proof and support the growth of the country’s aquaculture sector while
… Read More
Through digital negotiations, Norway and Russia have reached a fisheries agreement for 2023 that includes a 20 percent quota cut for Northeast Arctic cod – in line with scientific recommendations.
The total quota for Northeast Arctic cod for 2023 was set at 566,784 metric tons (MT), in line with the fishery's existing management rule.
“It is good that we have concluded a fisheries agreement with Russia, despite the fact that we are
… Read More
Bidvest Group-owned Direct Seafoods has been awarded the Marine Stewardship Council (MSC) Award for Fresh Fish Foodservice Supplier of the Year for 2022, the second year running the company has picked up the prize.
Now in their ninth year, the MSC awards celebrate the achievements and performances in sustainable fishing and seafood across the entire U.K. business spectrum. The awards ceremony takes place annually in Aberdeen, Scotland.
Judged by
… Read MoreRecent Articles
