Posts Tagged ‘Finfish – other’
Canadian 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…
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.…
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