The United Kingdom’s fishing industry will benefit from increased fishing opportunities worth nearly GBP 5 million (USD 5.9 million, EUR 5.8 million) in 2023 after reaching an agreement with Norway to secure access to key stocks, according to the U.K. Department for Environment Food and Rural Affairs (Defra).
The U.K. and Norway negotiate access to each other’s waters, quota exchanges, and control and
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The U.K. government has made an additional GBP 30 million (USD 35.6 million, EUR 34.7 million) in funding available for infrastructure projects that modernize the nation’s seafood sector.
The U.K. government previously allocated GBP 20 million (USD 23.7 million, EUR 23.1 million) in funding to expand processing facilities for popular species like Scottish salmon, mackerel, and herring. The U.K. government announced on 25 November that a
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The Faroese government confirmed that the Faroe Islands and Russia have concluded consultations on the two parties’ fisheries cooperation for 2023.
The new deal factors in next year’s reduced total allowable catch (TAC) for cod in the Barents Sea, with both taking lower quotas.
“As a major stakeholder in the management of some of the world’s largest fish stocks in the Northeast Atlantic, the Faroese government promotes
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A proposal to expand the margin of tolerance in E.U. catch reporting has drawn flack from the Environmental Justice Foundation and environmental law charity ClientEarth.
Negotiations on the E.U. fisheries control regulation governing reporting requirements are upcoming between the Council of the E.U., the European Parliament, and the European Commission. Proposals being considered from E.U. member-states and the European
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Neskaupstaður, Iceland-based Síldarvinnslan has completed the last conditions of its acquisition of fellow fishing firm Vísir by increasing the number of new shares going to the selling company.
In July 2022, Síldarvinnslan entered a deal to acquire Vísir for ISK 20 billion (USD 140.3 million, EUR 136.5 million). With the interest-bearing debt of Grindavík-based Vísir amounting to ISK 11 billion (USD
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Reykjavik-headquartered Iceland Seafood International (ISI) has announced it will exit the U.K. value-added market and close its Grimsby, U.K. operations.
Delivering its second-quarter 2022 results in August, ISI’s board confirmed it was reviewing the group’s strategy in the United Kingdom. At that time, it advised that the Iceland Seafood UK operation was loss-making in the period, with external challenges continuing to impact the
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Iceland-based salmon-farming company Ice Fish Farm (Ifish) harvested 1,966 metric tons (MT) of fish in the third quarter of 2022, a 904-MT increase on the corresponding period of 2021. However, the average weight of the Q3 harvest was a low 2.7 kilograms due to early harvesting.
Ice Fish Farm is owned by Froya, Norway-based Måsøval and completed the acquisition of Icelandic salmon-farming firm Laxar in June 2022.
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BioMar Group posted increased revenue for the third-quarter of this year, with higher market prices more than making up for lower sales volumes in the three-month period.
The Denmark-headquartered aquaculture feed supplier’s revenue for the last quarter increased by 41 percent, or almost DKK 1.7 billion (USD 238.2 million, EUR 228.5 million), to more than DKK 5.8 billion (USD 812.8 million, EUR 779.7 million). That revenue came from almost
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Lerøy Seafood Group reported a 44 percent jump in this year’s third-quarter operating profit before fair-value adjustments to NOK 831 million (USD 83.6 million, EUR 80.1 million), citing strong demand and a substantial increase in prices for its main products as the key reasons for the improvement.
The Bergen, Norway-based fish-farming and fishing company’s revenue for the three-month period amounted to a Q3 record NOK 7.4
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More than 20 countries and the European Union have adopted 21 measures to ensure the conservation and sustainable use of marine resources in the Mediterranean and the Black seas.
Following a week of intense discussions, the members of the General Fisheries Commission for the Mediterranean (GFCM) of the Food and Agriculture Organization of the United Nations (FAO), adopted a series of binding recommendations and resolutions addressing
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