Strong interest in Norcod placement
THE Norwegian cod farmer Norcod has announced that a private placement was not only successfully completed at the weekend, but went beyond expectations.. Such was the high level of interest, […] Continue Reading
Norcod yet to find profit as sales hold steady
Norwegian cod farmer Norcod has reported 2022 fourth quarter sales of NOK 51.48m (£4.1m), almost the same as for Q4 2021. The operating loss before fair value adjustment for the […] Continue Reading
Official spotlight on Norcod after fish escapes
Norway’s Directorate of Fisheries has pointed the finger at Norcod over a cod escape incident in the Norland region. The Directorate said it had received the results of DNA tracing […] Continue Reading
Norcod ordered to slaughter large numbers of fish
Norway’s Directorate of Fisheries has ordered Norcod to slaughter two cages at a location in the Nordland region, following the discovery of sexually mature cod in the facility. The Directorate […] Continue Reading
Norcod may be forced to harvest early
Norcod has been told by Norway’s Directorate of Fisheries that it could be forced into an early harvest because its fish are reaching sexual maturation too early. The Directorate has […] Continue Reading
Norcod delivers upbeat Q3 report
Cod farming company Norcod has delivered an optimistic third quarter assessment on its future operations. The Norwegian business has announced considerably reduced losses from NOK 16.5m (£1.4m) for the same […] Continue Reading
Norcod switches cod farm facility to shore power
Norcod announced today it is to ditch fossil fuels in favour of shore power, as part of its ongoing electrification programme. The move means that the Norwegian cod farmer’s operations […] Continue Reading
Norcod still not in profit despite increased revenues
Norcod is finding that profits remain elusive despite improving revenues, according to its second quarter results published this week. Turnover for the Norwegian cod farmer emerged at NOK 28m, (£2.3m) […] Continue Reading
Norcod granted permission for new site
Norwegian cod farmer Norcod has been granted permission to establish a new marine production location in Nesna municipality with a total maximum allowed biomass (MAB) of 3,600 tonnes. “We have […] Continue Reading