Big plans

Norcod box

Norway’s cod farmers are going all out for growth. The industry has set itself the ambitious target of 150,000 tonnes annual production within the next six years. Given recent government restrictions on new cod farming projects, the figure may appear unrealistically high – and probably is – but there is no doubt that the sector is determined to expand big time.

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Flesh eating cod bug found off Norway

A new parasite which turns fish flesh into a slimy jelly has been found in cod off the Norwegian coast.

So far it does not appear to have affected the country’s cod farmers but the Institute of Marine Research and the industry are keeping a watch on the situation.

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Latest Norcod share issue falls short

Fish farm pen in calm sea and sunshine

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…

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Norway slams the brakes on cod farming growth

cod fish swimming in blue sea

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…

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Farmed trout, cod exports growing

trouts in the air with splashes of water, thrown trouts back into the trout farm fishpond from the fisherman's net

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…

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Canadian seafood giant invests in cod farmer

Fish farm pen in calm sea and sunshine

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…

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Cod 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…

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