News
Scottish salmon standards ‘very high’, MSPs told
By Vince McDonagh A STRONG defence of Scotland’s record on the regulation of its aquaculture industry was put up by the team giving evidence at the Rural Economy and Connectivity (REC) committee at Holyrood yesterday. The committee, which is investigating the salmon farming sector, was told by the convenor, Highlands and Islands MPS Edward Mountain (Con),…
Read MoreWrasse get passports to travel to show
Wester Ross Salmon boss Gilpin Bradley was taking no chances this year with his precious cargo of wrasse, attending Seafood Expo for the second time. Last year, he transported the live fish, along with a variety of other marine life found around the farms, by train – first class, of course. It was quite an…
Read MoreSt James Smokehouse to buy Pinneys
THE owner of the award winning Scottish salmon company St James Smokehouse said speculation that he was planning to buy Pinneys was correct. Brendan Maher (pictured) said he and his factory manager, Leo Sprott, had spent 10 hours at the factory in Annan, which Young’s Seafood has put up for sale. ‘We spent 10 hours…
Read MoreMinister champions salmon sector’s growth
SCOTLAND’S salmon farmers were given wholehearted backing by rural affairs minister Fergus Ewing last night as he championed their plans for growth. Seafood is very important to Scotland and food and drink are the most rapidly growing sector of the economy. Scottish salmon was worth £600 million in exports last year, said Ewing, Cabinet Secretary…
Read MoreSalmon market surprisingly robust says DNB
DESPITE the volatility of salmon prices, the robustness of the market has surprised analysts, DNB’s Alexander Aukner told an audience of producers and traders at the DNB/Fish Pool seminar on the eve of the Seafood Expo. Aukner, an equity analyst at the Norwegian bank, said the ‘super cycle’ is set to continue, prices are at…
Read MoreNorway PM hails aquaculture success
NORWAY’S prime minister, Erna Solberg, has said the country needs to develop an aquaculture industry that can deliver food and economic values within an acceptable footprint. She was speaking at the Havbruck 2018 conference, which gathered the fish farming industry, along with researchers and politicians, for key discussion on future policy. The main theme of this…
Read MoreFashion chain owner ‘eyeing Young's’
THE private equity company Sun Capital Partners, whose portfolio includes the women’s fashion chain Bonmarche and the UK bed maker Dreams, is reported to be considering a bid for Young’s Seafood. The current private equity owners announced on Thursday that Britain’s largest seafood business was being put up for sale. No price tag has been…
Read MoreQueen’s Award for Scottish Ace
DUNDEE based company Ace Aquatec has received a prestigious Queen\’s Award for Enterprise in the innovation category, it was announced today. The company’s managing director, Nathan Pyne-Carter (pictured), said the award is specifically for growth and innovation in seal deterrent systems, recognising significant investment in research and development, and benefits to the aquaculture industry from…
Read MoreFishupdate Briefing Friday April 20th
CHINA HUNGRY FOR US LOBSTER CHINA and the United States may be gearing up for a trade war, but the dispute hasn\’t stopped Chinese \’s hunger for American lobsters. And the demand is helping keep prices high for US domestic . consumers. However, a tariff on the seafood by Beijing is not thought to be…
Read MoreYoung’s Seafood up for sale
YOUNG’S, Britain’s largest seafood company, has formally announced that the business is to be put up for sale. And it is almost certain to attract widespread interest from at home and abroad. The news came in a statement yesterday from the parent company, Lion capital, which is owned by the private equity firm HPS Investment Partners (UK),…
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