Posts Tagged ‘Finfish – other’
Tuna 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…
Read MoreNordic Halibut on track to hit production goals
Nordic Halibut says it is well on the way to achieving its production target of 4,500 tonnes within the next three years and 10,500 tonnes by 2031. Presenting its third quarter figures for this year the company said a strong approach to biological control had led to a new commercial strategy, which will yield better results…
Read MoreKingfish founder joins redfish start-up as Chairman
US fish farming start-up Pine Island Redfish has appointed Ohad Maiman, founder and former CEO of The Kingfish Company as Chairman of the Board. The move reunites Pine Island founder Megan Sorby – who was formerly Operations Manager with Kingfish Maine – with her former boss. Maiman, an Israeli financier, founded The Kingfish Company in…
Read MoreVolcano crisis: fish farmer battles to save business
Fish farming and fishing companies around the beleaguered town of Grindavik are racing to save what they can of their businesses from being engulfed by an expected volcanic eruption. The latest reports suggest that the port could be lost for good, with problems likely to remain for years. Earthquakes in the locality have already caused…
Read MoreNorcod 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…
Read MoreStatt 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…
Read MoreHigher prices but lower harvests for Nordic Halibut
Nordic Halibut says it is continuing to see an upward trend in sale prices, year on year. The company, also known as NOHAL, achieved an average sale prices of NOK 147 (almost £11) per kilo during the third quarter period, reflecting a 2% increase on the previous year. More significantly, the year to date sales…
Read MoreCod 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…
Read MoreAnother step forward for Nordic Aquafarms’ California project
Nordic Aquafarms’ plans for a yellowtail kingfish RAS facility on the California coast have moved a key step forward with the granting of a permit for the plant’s waste water. The company, Nordic Aquafarms Inc, which is a subsidiary of its Norway based parent, had originally planned to build a 33,000 tonne RAS (recirculating aquaculture…
Read MoreCod 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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