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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Norcod 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…

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Norway’s seafood exports see great start for 2024

Fresh seafood on crushed ice at fish market. Raw salmon fillet on display counter at store.

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…

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Norcod 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…

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Norcod 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…

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Project 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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Norcod sales up, but profits yet to emerge

Norwegian cod farmer Norcod has reported a solid jump in its third quarter revenues this year, along with good progress in other areas. Sales were up from NOK 2m (£150,000) 12 months ago to NOK 21m (£1.55m) this time. The company also saw heavy investment in its biomass to fortify its marker position along with…

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Statt Torsk losses continue to rise despite revenue growth

Cod farmer Statt Torsk, which is merging with the whitefish producer Vesterålen Havbruk, has reported a more than fourfold increase in its third quarter turnover, but the company continues to be loss-making. Revenues increased from NOK 3.2m (£235,000) a year ago to NOK 14.1m (just over £1m) this time. This improvement did not, however, prevent…

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Cod farming industry groups to merge

Two organisations representing Norway’s growing cod farming sector have agreed to merge to give it a stronger voice. The Cod Network, which is the national group for cod farming, and the Cod Cluster are joining forces to create an organisation of more than 100 member companies. “The merger means that we are now a large…

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Cod farmer gets approval for a further 3,500 tonnes

Cod farmer Ode has received approval to start its sixth location, adding a further 3,500 maximum allowable biomass tonnes to production capability. The location is near Støylen, north of Bergen in Volda municipality. Ode was known as Gadus until it changed its name in February. The company said the new site would help it achieve…

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