Posts Tagged ‘cod’
Latest Norcod share issue falls short
Norwegian cod farmer Norcod has fallen well short of attracting investment from a new share issue which closed late last week. The company had hoped to net around NOK 16 million (almost £1.2m) from its latest offering of 1,333,333 new shares at a subscription price of NOK 12 per share. The subscription period for the…
Read MoreNorway slams the brakes on cod farming growth
Norwegian regulators have called a temporary halt to further cod farming applications, particularly those at new locations. The sector has been growing so fast that the Norwegian Food Safety Authority (Mattilsynet) wants time for everyone to draw breath and examine any biological or related implications. Whether growth resumes will depend on an assessment of the…
Read MoreFarmed trout, cod exports growing
Farmed trout is gaining in popularity around the world, according to the latest information from the Norwegian Seafood Council. Figures show a large growth in Norwegian trout exports so far this year. Volume growth increased by 62% to 4,676 tonnes during February, a growth rate of 62%. The value, at NOK 454m (£33m), represents a…
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 MoreCod farmer acquires salmon harvesting site
Norwegian cod farmer Ode has taken over a harvesting facility formerly owned by the salmon group Måsøval. Ode confirmed at the weekend that it had acquired the Western Seaproducts facility in Vartdal near Ålesund, on the west coast of Norway. The plant will become a fully owned subsidiary and will be operated as a specialised…
Read MoreNorcod revenues shoot up, but profits still some way off
Norcod, Norway’s largest cod farming company, produced a strong operational performance during the final quarter of 2023 with a 61% increase in revenues. The results for the whole of last year were also impressive, with earnings up by 58% to NOK 269m (£20m). The company earned NOK 83m (£6.2m) during the final quarter of 2023…
Read MoreNorway’s seafood exports see great start for 2024
High salmon prices at the start of this year helped to maintain a strong export performance despite lower volumes, the Norwegian Seafood Council said today. Seafood exports for Norway in January totalled NOK 13.3bn (around £1bn), 5% up on January last year. Christian Chramer, the Seafood Council’s CEO said it was a good start to…
Read MoreNorcod is now top cod farmer, says CEO
Norcod is now the dominant producer in Norway’s fast growing cod farming sector, the company claims in its latest stock market update. CEO Christian Riber declared: “Our harvest volumes and standing biomass clearly proves our position as the leading cod farmer. “Our new contract in China clearly demonstrates that we are in a unique position…
Read MoreNorcod lands big Chinese distribution deal
Cod farmer Norcod has signed a major deal with a Chinese distribution company to supply a minimum of 800 tonnes of fish. The figure represents around 10% of the company’s expected production this year. Trondheim-based Norcod said: “Even more crucial, the fish exported to China as part of this contract will generate profits – which…
Read MoreProject on using entire cod for human consumption
The Norwegian cod farmer Ode and the innovative business C Food Norway have come together on a project to utilise the entire cod. Ode is the world’s largest cod producer while C Food Norway is recognised for their focus on sustainable seafood production and resource utilisation. The project involves using the entire fish for human…
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