Posts Tagged ‘Grieg Seafood’
Grieg Shetland income up amid challenges
THE Grieg Seafood Group ended 2018 on a high with record harvest volumes and increased revenues, its results for the final quarter and whole year show. Driven by high prices and cost reductions, the group reported a fourth quarter EBIT of NOK 351 million compared with NOK 151 million 12 months earlier. The EBIT per…
Read MoreFish Update Briefing, Friday, February 8
GRIEG INVESTS IN NEW LOW CARBON PLANTS GRIEG Seafood is to buy four new battery powered hybrid plants for its feed vessels as it looks to increase its environmental footprint by cutting down on diesel use. The plants, which hugely reduce diesel generator operations, have been specially developed by Fjord Maritime, based in Bergen, with…
Read MoreGrieg chief entrepreneur of the year
Per Grieg Jr, chairman of Grieg Seafood, won the finals of the EY Norway Entrepreneur of the Year Awards at a glittering ceremony in Oslo last night. An independent jury praised him for developing the company ‘through good strategic decisions, risk willingness and endurance’. The jury also said he had managed to create a significant…
Read MoreGrieg Shetland tackling biological issues
GRIEG Seafood today unveiled profits after tax of almost 225 million kroners for the third quarter of 2018, up from the corresponding 2017 figure of NOK 190.5 million. Harvest figures for the quarter were also slightly higher at 16.941 tonnes, compared with 16,875 tonnes a year ago. But its Shetland, operations continued to present biological…
Read MoreGill health weakens Grieg Shetland Q3
GRIEG Seafood has reported weakened third quarter earnings in both its Shetland and British Columbian operations. An increase in gill related diseases in Shetland and recurring incidents of harmful algal bloom in BC have resulted in reduced survival rate and higher costs, leading to a NOK 50 million write-down in Q3. The company said Norwegian…
Read MoreSalmon farm trespass case goes to court
A SWEDISH journalist and angler charged with trespassing on a Norwegian fish farm is due to appear in court on November 2. Mikael Frödin was summoned to the Norwegian District Court after he refused to pay a 1,054 euro fine for breaching the country’s Aquaculture Act, which states that you cannot be closer than 20m…
Read MoreRiver owning MSP ‘ambushes’ salmon probe
THE convenor of Holyrood’s Rural Economy and Connectivity (REC) committee has been accused of ‘ambushing’ its draft report on the future of salmon farming to protect his angling interests. According to a report in today’s Herald, Sir Edward Mountain, the Conservative MSP for Highlands and Islands and a baronet, sprang a list of suggestions on…
Read MoreGrieg aiming for growth and lower costs
GRIEG Seafood has outlined plans to increase production and lower operating costs over the next two years, helped by introducing some of the latest technology. In a Capital Markets Presentation in Oslo yesterday under the title ‘A salmon farming company entering the digital era’, the salmon farming company said that while its harvest volumes had…
Read MoreGrieg lice numbers down nearly 90%
SHETLAND based Grieg Seafood has recorded a drop of nearly 90 per cent in numbers of adult female sea lice over the last year, the Shetland News reported. Managing director Grant Cumming said a variety of factors, including new farming methods and colder sea temperatures, had helped to cut numbers of the parasite. Grieg Seafood…
Read MoreGrieg shines as Q1 volumes and sales jump
GRIEG Seafood beat all earnings forecasts for the first quarter of 2018 on the back of considerably higher output, figures show today. The company harvested 11,433 tonnes in Q1 2018, up 34 per cent on the 2017 Q1 figure of 8,522 tonnes. While the average industry spot price was down NOK 5.36 per kg on 2017, for Grieg Seafood the price…
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