Posts Tagged ‘Finfish – other’
Saudi 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…
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 MoreKingfish Company’s Phase 2 is now operational
The Kingfish Company has announced that the second phase of expansion for its land-based farm in the Netherlands has been completed and is now fully operational. In a 2023 final quarter trading update, the yellowtail producer said the standing biomass has more than doubled to 967 tonnes in the company’s RAS (recirculating aquaculture system) facility.…
Read MoreNorway to spend £36m promoting seafood around world
The Norwegian Seafood Council will spend a record NOK 483 million (£36m) this year promoting the country’s seafood. The council is targeting 28 countries around the world and once again more than half that figure will go towards pushing salmon and trout. Børge Grønbech, the Council’s Director of Global Operations said: “The investments will, across…
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 MorePortuguese project aims to create sustainable aquafeed
Plans have been unveiled for a new state-of-the-art industrial unit in Coruche, Portugal to produce fish feed sustainably from a range of animal by-products. The new facility is being developed by Sebol, a subsidiary of the Portuguese ETSA Group, which produces a variety of products for the food, pharmaceutical, pet food, biofuel and other industries.…
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 MoreTrout farmer receives first eggs – and eyes US expansion
Hima Seafood has just taken delivery of the first eggs for its new trout farm in Telemark, Norway. The company also disclosed that it is looking at moving into the United States over the next few years. Hima’s managing director, Sten Falkum, told the US magazine Forbes that it has acquired a plot of land…
Read MoreNordic Halibut reports solid rise in prices and revenues
Premium white fish farming company Nordic Halibut has reported a marked increase in revenues during the final quarter of last year. This was overwhelmingly due to higher prices for its product – farmed halibut – which achieved an average of NOK 165 (£12.50) per kilo for 5kg fish. The company said that notably, halibut sold…
Read MoreTuna sold for post pandemic record of £620,000
If you think the price of your tuna sandwich is too much, spare a thought for the buyers on Tokyo fish market earlier this week. They paid a post pandemic record 114.2 million yen – around £620,000 – for a 238 kilogram bluefish tuna at a New Year auction. It is the highest figure since…
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