News
Genetics best performer for Benchmark
BENCHMARK reported a revenue rise from £109 million to £140 million in preliminary results for its last financial year, ending September 2017. Losses in the aquaculture health, nutrition and genetics business were down, from £20.5 million to £7.6 million, while EBITDA increased nine per cent to £10 million, the company announced today. Malcolm Pye, Benchmark’s CEO,…
Read MoreYoung's eyes China amid sale speculation
YOUNG\’S Seafood is looking to China and Europe as its next move on the international stage, its CEO has confirmed. As products from the Grimsby and Scottish based business began to make their debut across hundreds of stores in the United States this week, company chief Bill Showalter confirmed his latest global aspirations. Speaking to the Press Association, Showalter (pictured)…
Read MoreSearch for fishermen scaled back
THE search for two missing fishermen feared lost when their boat sank in Loch Fyne on Thursday evening has been scaled back, mainly due to bad weather. Reports suggest the missing men may have been trapped in the stern when the 40 foot vessel, Nancy Glen, capsized. They have been named locally as Przemek Krawczyk and…
Read MoreFeed main driver in salmon costs
PRODUCTION costs for Norway\’s aquaculture industry rose by 50 per cent in the four years between 2012 and 2016, reports Nofima, Norway\’s Institute of Food, Fisheries and Aquaculture Research. And the main culprit seems to be the rising price of fish feed. Nofima researchers Audun Iversen and Øystein Hermansen said the increasing cost of fighting salmon…
Read MoreAquaculture debate goes nationwide
NORWAY\’S ongoing debate about how plans for huge future growth in aquaculture should be managed has taken on a nationwide focus. During the last few days and into this week, more than 20 organisations from the industry, research groups and the environment have been holding a series of dialogue meetings in Oslo so they can give their views on how…
Read MoreYoung’s welcomes new executives
YOUNG’S Seafood today announced the appointment of Duncan McIntyre as group operations director. He has worked in the food and consumer facing industries for 26 years. Prior to joining Young’s Seafood, he was a supply chain director at Nomad Foods, where he was responsible for the manufacturing process and distribution of finished goods, turning over…
Read MoreTop apprentices make awards shortlist
AQUACULTURE finalists Scott Forder and Alan Tangny have been shortlisted for Lantra Scotland’s Land-based and Aquaculture Learner of the Year Awards. Scott, aged 26 from Kinlochewe, has been doing a Modern Apprenticeship in Aquaculture through Inverness College UHI, while working for Marine Harvest. He first became interested in salmon farming through family and friends who…
Read MoreFish Update Briefing, Friday, January 19
A restaurant near Liverpool has hit back in style after a woman customer complained on Facebook about paying £8 for fish and chips. She said the meal ‘was lovely’ but asked the Oxton Bar and Kitchen to explain its prices. According to the Liverpool Echo, the restaurant was happy to oblige, pointing out that ‘our nasty…
Read MoreLondon seafood summit on Brexit impact
THE Norwegian Seafood Council is hosting a major summit in London next week to prepare for the challenges posed by Brexit. More than 120 representatives from the Norwegian and British seafood industries will meet at the Berkeley Hotel on Wednesday to discuss what is likely to happen to trade when the UK leaves the EU in March next year.…
Read MoreSearch resumes for missing fishermen
THE search for two fishermen missing after their boat, the Nancy Glen, capsized in Loch Fyne last night continued at first light today. A third crew member was rescued from the water by the crew of a passing boat. The coastguards were alerted at around 6pm last night after receiving a distress call reporting that a vessel…
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