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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Norwegian cod farming company Statt Torsk ASA and Norwegian land-based hybrid flow-through system salmon farmer Salmon Evolution both celebrated milestones in early November as fish begin hitting the market.
With weekly harvests now underway, Norwegian cod farming company Statt Torsk ASA entered into sales agreements for 1,600 metric tons (MT) of its farmed cod in the third-quarter of this year. The contracts are valued at approximately NOK 75
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Kverva, Norway-based farmed salmon group SalMar has today, 14 November, 2022, sent notice of layoffs to 851 employees at its processing facilities in Frøya and Senja, blaming the move on the 40 percent salmon tax proposal introduced by the Norwegian government.
The proposed tax, SalMar said, has destroyed the market for long-term fixed-price contracts. The group said such contracts are usually entered into well in advance of
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Christiansfield, Denmark-based aquaculture feed producer Aller Aqua A/S has confirmed that its CO2-equivalent emissions were reduced by 17 percent over the past year.
In 2021 August Aller Aqua became the first fish feed company to be verified to label its entire product portfolio CO2-equivalents according to the European Commission’s Product environmental footprint category rules (PEFCR) standard. The company recently re-verified its
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Bergen, Norway-headquartered salmonid producer Grieg Seafood Group’s third-quarter 2022 operational earnings before interest and taxes (EBIT) fell NOK 4 million (USD 401,000, EUR 389,000) year-on-year to NOK 145 million (USD 14.5 million, EUR 14.1 million), despite a larger harvest in the three-month period.
Grieg harvested 22,923 metric tons (MT) of gutted-weight salmon in the quarter, up 12 percent, or 2,444 MT, from Q3 2021. In the
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Huntingdon, U.K.-based Hilton Food Group reported Q3 2022 sales and revenue in line with its expectations, despite the headwind of inflationary pressures.
However, the company said profit levels for its seafood business for 2022 will not meet previous expectations, though it said the group was “well-placed” for 2023.
Hilton Food Group entered the seafood sector in 2017 with its purchase of chilled fish supplier Seachill in 2017,
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A harvest volume of 53,600 metric tons (MT) combined with a solid operational performance led Norway-based salmon farming group SalMar ASA to deliver improved third-quarter financial results.
The company posted total operational earnings before interest and taxes (EBIT) of over NOK 1.31 billion (USD 125 million, EUR 127.6 million), up from NOK 748 million (USD 71.4 million, EUR 72.8 million) in Q3 2021.
SalMar’s Norwegian operations
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Bergen, Norway-headquartered fish farming and fishing company Lerøy Seafood has confirmed redundancy notices were sent out 9 November, 2022, to 339 employees at four of its processing operations.
The affected companies are: Lerøy Aurora AS, Skjervøy, where 158 employees are being laid off; Lerøy Midt AS (with two plants at Hitra), where 125 employees will depart; and Lerøy Fossen AS, Osterøy, where 56
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A good farming performance and high salmon prices led Mowi to achieve its best-ever third-quarter results this year, with revenues of almost EUR 1.26 billion (USD 1.2 billion) and an operational profit of EUR 239.5 million (USD 234.7 million).
The Bergen, Norway-headquartered producer’s Q3 2022 report acknowledged that while another set of operational and financial records had been set, the period was “overshadowed” by the
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The merger between salmon-farming companies SalMar and Norway Royal Salmon (NRS) has been finalized, with SalMar acquiring all outstanding shares in NTS, which owns NRS.
Frøya, Norway-headquartered SalMar confirmed the close of the deal on 7 November in a statement issued via the Oslo Børs saying the deal had been registered in the Norwegian Register of Business Enterprises. In February 2022, SalMar fought off Mowi
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