Posts Tagged ‘Finfish – other’
Buoyant Kingfish on course to profit
The Kingfish Company, the Netherlands-based yellowtail fish farmer, recorded a strong performance last year. Publishing its accounts for 2023, the company reported revenues up coupled with what it said was an excellent biological performance. It achieved a 17% revenue increase in 2023, reaching €21.9m (£18m) against €18.7m (£16m) in 2022. Kingfish, which has a second…
Read MoreLatest 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 MoreMore wild fish should be eaten, not fed to salmon, scientists say
Consumers would get a better mix of nutrients if they ate more of the wild fish species that are typically used for salmon feed. That’s the message from a study by scientists from four leading UK universities, who analysed the nutrient content of wild caught fish such as mackerel, anchovies and herring and compared it…
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 MoreFarmed trout gaining in popularity – Seafood Council
Sales of farmed trout, for so long a good second best to salmon in the popularity stakes, are on the rise. The Norwegian Seafood Council reports trout showed a large growth in volume last month and sales seem to be gathering momentum. Trout is more popular in certain countries, notably the United States and Thailand,…
Read MoreSaudi Arabia joint venture heralds big sea farming expansion
The aquaculture industry in Saudi Arabia is set for significant growth following the announcement of a new joint venture between NEOM, Saudi Arabia’s development organisation, and fish farming business Tabuk Fisheries Company. Trading as Topian Aquaculture, the new venture will include a hatchery that is expected to become the largest in the MENA (Middle East…
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