News
AlgaEurope 2024 adds a fourth day
The highly anticipated AlgaEurope 2024 Conference is set to engage attendees with an expanded programme spanning four days, including a newly introduced Industry Day. Following the resounding success of AlgaEurope 2023 and evaluating the results, the organisers have responded to feedback and industry insights, extending this year’s conference to incorporate a fourth day, with a…
Read MoreSafe to eat
The latest round of testing shows that Norway’s farmed fish are still safe for consumers, as Vince McDonagh reports Farmed fish is free of illegal substances and safe to eat, research by the Norwegian Institute of Marine Research has found. The organisation carried out the work, which mostly took place in 2022, on behalf of…
Read MoreUK retailers say Norway’s salmon cartel cost them £675m
Price-fixing by Norway’s biggest salmon producers cost the UK retailers now suing them £675m. That’s the claim made by the seven supermarket chains that have filed a claim with the UK’s Competition Appeals Tribunal (CAT). It emerged last week, thanks to a trading update from Lerøy Seafood, that a number of UK retailers are taking…
Read MoreCanadian seafood giant invests in cod farmer
High Liner Foods, one of North America’s leading seafood companies, has bought a stake in the Norwegian cod farmer, Norcod. The move is an interesting one, because the big Canadian company has not previously been directly involved with aquaculture. High Liner is mainly a marketer and a processor of value-added frozen seafood, with several retail…
Read MoreNova Sea signs £50m slaughterhouse contract
Norwegian salmon farmer Nova Sea has signed a £50m (NOK 673m) contract to build a new slaughterhouse in Nordland. The deal with the construction company Consto will see an ultra-modern facility on the small island of Lovund. It is in the area where Nova Sea began its fish farming operations in the 1970s. The new…
Read MoreCooke Seafood mourns co-founder
Gifford Cooke, the Canadian marine mechanic who created one of the world’s largest seafood businesses, has died. He was co-founder of the Cooke Seafood group, which turned a local New Brunswick company into a global operation and transformed a single Canadian fish farm into an aquaculture operation employing thousands of people. The Cooke empire stretches…
Read MoreBakkafrost air service takes off this week
Bakkafrost’s new air cargo service, FarCargo is due to begin operations this week. FarCargo was set up as an associated company by Faroese salmon farmer Bakkafrost to ensure a more direct route for its exports, especially to the United States. The proposed outbound route will go from Billund in Denmark, then onto the Faroe Islands…
Read MoreNorway February salmon exports value up, but volume down
Norway’s seafood export boom continues but there are signs things could be slowing down, according to the latest figures. The export value total last month was NOK 13.3bn (just short of £1bn), a rise of 3% on a year ago. The Norwegian Seafood Council said that thanks to large value growth for salmon, trout, cod…
Read MoreSwedish private equity firm buys fish health specialist
Fish health business STIM has been acquired by Swedish investment firm Summa Equity, in a move STIM’s founder said would help the company to grow. STIM is the aquaculture industry’s largest quality supplier of fish health products and services, operating in Norway, Chile, UK, and Canada. Its gross revenue of the company was over €150m…
Read MoreExpansion go-ahead for two Icelandic salmon companies
TWO major Icelandic salmon farming companies have been granted licences to produce an extra 18,000 tonnes of fish. MAST, Iceland’s veterinary authority, has given Arnarlax the go-ahead to farm an additional 10,000 tonnes of sterile salmon in the Isafjord area, in the north-west of the country. It has also awarded Arctic Sea Farm a new…
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