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…

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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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More wild fish should be eaten, not fed to salmon, scientists say

pile of fresh sardines on a plate

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…

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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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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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Farmed 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,…

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