Posts Tagged ‘Grieg Seafood’
Grieg grinds out Shetland improvements
GRIEG Seafood said today that costs at its Shetland operation were still not at target level due to long standing biological problems, but it was slowly making vital improvements. Announcing its 2019 fourth quarter results, Grieg said Shetland produced income of NOK 151.3 million compared with NOK 245.2 for the corresponding period in 2018. This…
Read MoreSalmon businesses ‘must be closer to society’
THE chairman of Grieg Seafood said aquaculture companies must become closer to society if they want to be better loved and appreciated. Per Grieg Jnr said: ‘We must understand that we have a responsibility, that we have a social contract, a ‘licence to operate’. We must understand the spirit of the times.’ According to the newspaper…
Read MoreUS salmon probe shakes Oslo shares
SEAFOOD shares on the Oslo Stock Exchange dropped sharply yesterday after it was revealed that three of Norway’s largest salmon companies are facing a United States criminal investigation over allegations of price fixing on the Atlantic salmon market. The companies, Mowi, SalMar and Grieg Seafood, have been handed subpoenas by the US Department of Justice.…
Read MoreIsraeli RAS expert targets shrimp market
AQUAMAOF, the Israeli RAS specialist that has pioneered land based salmon farming, is set to launch its technology for the shrimp market. The company announced today that after three years of research at its R&D facility in southern Israel, it has adapted its recirculating aquaculture system for the production of shrimp (L vannamei), with high…
Read MoreGrieg catching up with big players
GRIEG Seafood is no longer swimming in the shadow of the big salmon farming players on financial markets, a leading industry observer has suggested. Tore Tønseth, a seafood analyst at the investment organisation Spare-Bank 1 Markets, said that so far this year the value of the company’s shares on the Oslo Stock Exchange had risen…
Read MoreSigns of progress at Grieg in Shetland
GRIEG Seafood is continuing to battle with biological and other problems at its Shetland operations, but there are signs of progress, the group’s impressive 2019 first quarter figures show today. Shetland harvest volumes increased by 49 per cent from Q1 2018 to 1,788 tonnes, and revenues rose by 41 per cent from NOK 86.8 million…
Read MoreGrieg spells out Shetland lice plans
GRIEG Seafood has outlined the measures it is taking to overcome some of the biological problems facing its Shetland operations. Writing in the company’s annual report, CEO Andreas Kvame said: ‘Unfortunately, we got a hit back (in Shetland) to 2016 levels. ‘Mortality was caused by the diseases winter ulcers and furunculosis, along with gill and…
Read MoreGrieg back in SSPO fold
ALL Scotland’s salmon farmers are now represented by the industry body following the re-admittance of Grieg Seafood Shetland, it was announced today. In a letter to Rural Economy minister Fergus Ewing, the Scottish Salmon Producers Organisation (SSPO) confirmed that the company, which was expelled from the SSPO in 2014 following a dispute over smolt imports,…
Read MoreStudy explores impact of RAS on salmon
THE impact of recirculation aquaculture systems (RAS) on salmon smolts is to be investigated by a consortium led by Stirling University’s Institute of Aquaculture (IoA). The £2 million Robust-Smolt study – involving 14 institutions and organisations – will compare the robustness and susceptibility of RAS reared Atlantic salmon to pathogens. Over the next three years,…
Read MoreEU raids cost salmon firms millions
ALMOST seven billion kroner (about £625 million) has been wiped off the value of a number of Norwegian salmon farming companies following a series of inspections by EU officials in Scotland and the Netherland last week. The Seafood Index on the Oslo Stock Exchange has taken a huge hit during the last few days, with…
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