Scale of Five Star losses revealed

FIVE Star Fish, the seafood business which is threatening to close its Grimsby site with a potential loss of almost 400 jobs, has reported a significant increase in its losses despite a large rise in turnover. The secondary white fish processor is a wholly owned subsidiary of Boparan Holdings, which deals mainly in poultry under the 2Sisters Food…

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SalMar value doubles in less than a year

THE value of the fish farming giant SalMar has doubled in the past 12 months, the Norwegian media are reporting. The family owned company, whose motto is ‘passion for salmon’, is now worth more than 40 billion kroners (£3.6 billion sterling), twice what it was just a year ago. Shares of the company, which owns 50 per…

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Grieg lice numbers down nearly 90%

SHETLAND based Grieg Seafood has recorded a drop of nearly 90 per cent in numbers of adult female sea lice over the last year, the Shetland News reported. Managing director Grant Cumming said a variety of factors, including new farming methods and colder sea temperatures, had helped to cut numbers of the parasite. Grieg Seafood…

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Vessel built for delousing duties

A NEW fish farm support vessel was unveiled recently at Damen Shipyards, ahead of its delivery to Norway, where it will be used in delousing operations. The 43m, 499 tonne utility vessel 4312 is the result of extensive discussions with the global fish farming industry, said Damen. She has a large expanse of deck space,…

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US tightens tariffs on Chinese shrimp

THE Southern Shrimp Alliance in the United States has called on Washington to impose additional tariffs on imports of certain types of Chinese seafood, in what many people fear could lead to a trade war between the two countries. The alliance has submitted a letter to the Office of the United States Trade Representative (USTR) supporting…

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‘Good’ first quarter for Scottish Sea Farms

SALMON farming giant SalMar today announced ‘satisfactory’ first quarter results for 2018, with overall price during the period contributing to revenue growth and further strong earnings. Its half owned Scottish subsidiary, Scottish Sea Farms, posted a good result in the first quarter 2018 on the back of sound underlying operations. It harvested 6,000 tonnes in the…

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Grieg shines as Q1 volumes and sales jump

GRIEG Seafood beat all earnings forecasts for the first quarter of 2018 on the back of considerably higher output, figures show today. The company harvested 11,433 tonnes in Q1 2018, up 34 per cent on the 2017 Q1 figure of 8,522 tonnes. While the average industry spot price was down NOK 5.36 per kg on 2017, for Grieg Seafood the price…

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BioMar invests £10.6m in fry and RAS line

FEED group BioMar is expanding the capacity of its factory in Denmark with a £10.6 million line dedicated to fry and RAS feed production. The Brande based factory has seen a significant growth in volumes sold over the last few years, with a growing customer base. Feed is delivered to farmers across most of Europe,…

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Bakkafrost buys US salmon importer

FAROESE salmon farmer Bakkafrost has entered into a conditional share purchase agreement with the owners of North Landing to purchase all outstanding shares of the US salmon importer. Bakkafrost said it wanted to establish an American base to better serve its US customers. The deal is expected to be closed at the end of May.…

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Seafood summit leaving Grimsby

AFTER seven years, the Humber Seafood Summit is being moved from its traditional Grimsby area location. And it is being given a new name as the UK Seafood Summit, with the event moving around the country. The two-day summit this year will be held on October 17-18, 30 miles from Grimsby at the Forest Pines…

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