Biological challenges have plagued Bergen, Norway-based Grieg Seafood’s Norwegian salmon-farming sites for a few quarters, but those issues have begun to ease, according to the group’s Q2 2023 results, published 25 August.
In Q1 2023, Grieg’s Rogaland, Norway, site was hit by infectious salmon anemia (ISA), while its Finnmark site identified the presence of the Spiro parasite (Spironucleus salmonicida). Both sites also found
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A limited supply of Atlantic salmon coupled with robust demand resulted in another quarter of high salmon prices and, in turn, strong Q2 2023 results overall for Frøya, Norway-headquartered salmon-farming firm SalMar.
The company recently reported quarterly operational earnings before interest and taxes (EBIT) of NOK 1.745 billion (USD 165 million, EUR 151.9 million), a jump from the NOK 1.048 billion (USD 108.9 million, EUR 108.2
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Bergen, Norway-based Lerøy Seafood Group has swallowed a one-off cost of NOK 1.7 billion (USD 160.2 million, EUR 147.6 million) to implement Norway’s salmon farming resource rent tax, adopted in May 2023.
Lerøy Seafood Chief Financial Officer Sjur Malm said the firm paid NOK 2 billion (USD 188.5 million, EUR 173.6 million) in taxes and fees in 2022, but that figure is likely to grow significantly as a result of the tax,
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Mowi remains committed to opposing Norway’s recently imposed aquaculture resource rent tax, according to CEO Ivan Vindheim.
Delivering an otherwise bullish presentation on Mowi’s Q2 2023 results in Oslo, Norway, on 23 August, Vindheim voiced the company’s disappointment with the parliament’s decision, saying it has already proved costly, with investments worth NOK 40 billion (USD 3.7 billion, EUR 3.5 billion) across the
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Bakkafrost Group recently released unfavorable financial results for Q2 2023, and the salmon-farming firm expects production woes in Scotland to continue.
The Glyvrar, Faroe Islands-based Atlantic salmon-farming group posted total operating earnings before interest and taxes (EBIT) of DKK 353 million (USD 51.7 million, EUR 47.4 million) for the second quarter of 2023, down 40 percent from DKK 587 million (USD 85.9 million, EUR 78.8 million) in
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Tuna farming start-up Next Tuna, which aims to be the first company in the world to produce its own Atlantic bluefin in a closed aquaculture system at a commercially viable scale, has progressed from setting abstract goals to solidifying construction dates within the past few weeks.
The company's’s research partner, the Murcia Oceanographic Center of the Spanish Institute of Oceanography, (IEO) which itself is part of the Spanish
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Global consumption of seafood will continue to grow over the next decade but at a slower rate, largely due to a projected softening of Asian demand, according to a new report.
“Agricultural Outlook 2023-2032,” a collaborative report between the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO) of the United Nations, aims to serve “as a reference for forward-looking
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The E.U.’s dependency on imported fisheries and aquaculture products – now accounting for between 65 percent and 70 percent of its overall seafood supply – continues to rise.
Ahead of the European Commission’s proposal for autonomous tariff quota (ATQ) volumes for select fishery products in 2024 and 2025, including key whitefish species like cod, pollock, and hake, as well as shrimp and cephalopods, E.U. Fish Processors
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Falling prices and demand coupled with rising feed and production costs have left global shrimp producers in dire straits, according to new analysis published by the global animal protein sector of Utrecht, Netherlands-based Rabobank.
Written by Rabobank Senior Global Specialist of Seafood Gorjan Nikolik, the report, “Global Aquaculture Update 2H 2023: Between a Rock and a Hard Place,” found the shrimp industry faced an extremely
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