Trondheim, Norway-headquartered Norway Royal Salmon reported lower earnings despite higher revenue as fixed-price contracts kept the company from capitalizing on high salmon spot prices.
Norway Royal Salmon reported operational earnings before interest and taxes (EBIT) of NOK 31.7 million (USD 3.2 million, EUR 3.2 million) for Q2 2022, a decrease from the NOK 94 million (USD 9.5 million, EUR 9.5 million) it earned in the corresponding
… Read More
A consultation that will gather evidence on the impact of flyseining in English waters to support sustainable fishing and reduce the pressure on fish stocks has been launched by the U.K. government.
Also known as flyshooting or demersal seining, flyseining involves long, weighted ropes that herd fish into the mouth of the trawl. The method is used to target demersal species which live or feed on or near the seabed, such as red mullet, gurnards,
… Read More
High prices and a bumper harvest helped Frøya, Norway-headquartered salmon farmer Måsøval AS to achieve operating revenues of NOK 934 million (USD 95.1 million, EUR 95 million) in the second-quarter of this year, more than three times the figure it reported for the corresponding period of 2021.
The group’s Q2 2022 operational earnings before interest and taxes (EBIT) of NOK 501 million (USD 51 million, EUR 51 million),
… Read More
Vulnerable consumer groups in the United Kingdom are being advised that ready-to-eat smoked fish products potentially carry the risk of listeria monocytogenes infections. Listeriosis is a form of food poisoning caused by the bacterium Listeria monocytogenes. Additionally, listeriosis in pregnancy can cause miscarriages and severe sepsis or meningitis in newborn babies.
Food Standards Scotland (FSS), the UK Health Security Agency
… Read More
Glyvrar, Faroe Islands-based Atlantic salmon farming firm Bakkafrost Group has confirmed its subsidiary FarCargo P/F has closed a deal to purchase a Boeing 757-200 aircraft that will fly its salmon to the United States.
The company plans to have the 47-meter-long plane – capable of carrying 35 metric tons (MT) of cargo – take its first trip in two- or three-months’ time. Initially, the plane will fly between Vágar in the
… Read More
Record high salmon prices and a solid operational performance helped Frøya, Norway-headquartered SalMar to total second-quarter 2022 operational earnings before interest and taxes (EBIT) of NOK 1.048 billion (USD 108.9 million, EUR 108.2 million), up from 661 million (USD 68.7 million, EUR 68.2 million) in Q2 2021.
SalMar’s Norwegian operations achieved an operational EBIT of NOK 952 million (USD 99 million, EUR 98.3 million)
… Read More
Sheffield, U.K.-headquartered Benchmark has announced plans to uplist to the Oslo Børs in the first half of 2023, it announced in conjunction with the release of its third-quarter 2022 financial results.
The aquaculture biotechnology firm is currently listed on the Euronext Growth Oslo exchange. Accompanying the presentation of Benchmark’s third-quarter results on 25 August, Benchmark CEO Trond Williksen said the
… Read More
Iceland Seafood International (ISI) reported a 14 percent uptick in sales in the first half of 2022, but that wasn’t enough to overcome higher operating costs, as the Reykjavik, Iceland-headquartered seafood company posted a normalized loss before tax of EUR 1.8 million (USD 1.8 million) in H1 2022.
While its total sales in H1 2022 reached EUR 238.4 million (USD 238 million), its bottom-line loss of EUR 2.9 million (USD 2.4 million)
… Read More
Private equity investor Ocean 14 Capital Fund (O14C) has entered into an agreement to invest in MITO, a European clam breeder and hatchery.
MITO, created through the O14C transaction, is the consolidation of a clam hatchery and nurseries in Italy and the Netherlands. The company was co-founded by Gianluigi Lago, Paola Landri, and Maurizio Varagnolo, industry veterans with deep expertise in breeding and farming of Veneridae clams
… Read More
Inverkerry Hatchery and Smolt Unit at Gairloch in Wester Ross, Scotland, has undergone a major overhaul in order to meet stringent organic standards. The facility will organically produce around 1.2 million smolts for Organic Sea Harvest.
The upgraded Hendrix Genetics site was unveiled 24 August by Scottish Rural Affairs Secretary Mairi Gougeon, who said the “significant investment” in the new facilities was another example of how
… Read MoreRecent Articles
