Grieg Q4 rocked by spiro, jellyfish and winter sores

Grieg Seafood worker on pen

Grieg Seafood is the latest Norwegian salmon farmer to report biological and jellyfish issues during the final quarter of 2023. The company, which was big in Scotland until three years ago, but now concentrates on Norway and Canada, recorded an operational (EBIT) loss of NOK 67 million (around £5m) against an operational profit of NOK…

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Salmon’s ‘big six’ to challenge EU price fixing claims

Norway’s “big six” salmon companies have all strongly denied an accusation of price collusion made by the European Commission. The Commission claimed yesterday that the companies broke competition rules by sharing information on prices and salmon volumes. It has sent what is known a statement of objection, also known as an SO, to each of…

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BREAKING – Norway’s salmon ‘big six’ did violate rules, says EU

The European Commission believes that six leading Norwegian salmon producers breached EU anti-trust rules by colluding to distort competition in the market for spot sales of Norwegian farmed Atlantic salmon in the EU. The Commission has advised the producers concerned that this is its “preliminary” view. The companies named are Mowi, SalMar, Grieg Seafood, Bremnes Seashore,…

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Jellyfish scourge hits Grieg final quarter results

Jellyfish attacks in Norway, ulcer problems and other issues impacted on Grieg Seafood’s fourth quarter results, a trading update from the company today shows. Grieg said the harvest volume for the final period was approximately 21,800 tonnes, slightly up on the previous year but the company did not have fish from Newfoundland a year ago.…

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Grieg pioneer dies aged 91

Per Grieg (pictured), the former head of the Grieg Group, which includes the Grieg fish farming business, has died just short of his 92nd birthday. He was not only one of Norway’s great business personalities, but also a major supporter of good causes at home and overseas. Grieg Seafood today is one of Norway’s leading…

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Grieg signs new smolt plant construction deal

Grieg Seafood has signed a deal with the construction company Consto, which will be building a new smolt plant for Grieg in Norway’s Finnmark region. Consto said it has been awarded the overall contract for the project and will be responsible for the construction technical delivery as well as the coordination of all performing professional…

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Grieg confident new post smolt unit will bring results

Grieg Seafood has said its plan to invest millions of kroner in a new post-smolt unit in Norway’s Finnmark region will lead to an improvement in fish health and welfare. The company has now published more details about the new land-based facility, which is estimated to cost around NOK 1.1bn (£82m). It will produce 300 tonnes of post-smolt…

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Grieg drops into Q3 loss

Grieg Seafood has become the first major salmon farming company for many years to plunge into the red. The company, which farms in Norway and in Newfoundland and British Columbia, Canada, today unveiled a third quarter operational EBIT or operational loss of NOK 86m (£6.3m). This compares with an operational profit of NOK 145m (almost…

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Salmon companies at top of sustainable producers list

Salmon producers have taken the top three places in a global listing of the most sustainable animal protein producers. Mowi was ranked first for sustainability by the Coller FAIRR Protein Producer Index for the fifth year in succession. The company is joined in the top three ranked companies by fellow aquaculture businesses Lerøy Seafood Group…

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