London-based seafood writer and communications consultant Jason Holland has been a contributing editor to SeafoodSource.com since January 2010. Jason has more than 25 years of experience as a B2B journalist and editor – a career that has taken him all over the world. He believes he found his true professional calling in 2004 when he started documenting the many facets of the international seafood industry and he’s particularly proud of the strong, collaborative relationships he has formed at all stages of the supply chain.
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Good biological performance in the Faroe Islands and improved performance in Scotland helped the Bakkafrost Group post Q1 2024 revenues of DKK 2.6 billion (USD 375.4 million, EUR 348.6 million), increase of roughly 8 percent year over year.
The salmon-farming company’s operational earnings before interest and taxes (EBIT) for the period totaled DKK 710 million (USD 102.5 million, EUR 95.2 million), and it turned a profit of DKK 401 million
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Klepp, Norway-headquartered aquaculture technology company AKVA Group saw its revenues for the first quarter of 2024 fall 10 percent year over year to NOK 784 million (USD 71.8 million, EUR 66.8 million), with CEO Knut Nesse attributing the drop to “very low activity levels” in its land-based technology (LBT) business.
Delivering AKVA’s Q1 2024 results on 3 May, Nesse said the land-based market is slow right now and confirmed
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Aarhus, Denmark-headquartered aquaculture feed supplier BioMar Group recorded its best first quarter to date, with all of its companies and joint ventures contributing to a Q1 2024 earnings before interest, taxes, depreciation, and amortization (EBITDA) of DKK 310 million (USD 44.4 million, EUR 41.6 million).
The company attributed the record start to higher margins brought about by a better product mix and efforts to enhance its
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Norwegian biotech and krill-harvesting company Aker BioMarine saw a boost in revenue and profit in Q1 2024, seeing early benefits from a restructuring the company implemented late in 2023.
Aker achieved revenues of USD 78.3 million (EUR 73.1 million) and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of USD 15.2 million (EUR 14.2 million) during the period, compared with USD 69.1 million (EUR 64.5 million) and
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The recent provision of accessible financing has not been enough to help Europe's aquculture sector, according to the Federation of European Aquaculture Producers (FEAP), making it likely the region’s already heavy reliance on imported seafood products will increase.
The Brussels, Belgium-based federation said E.U.’s production standards are incredibly demanding, and make it difficult to compete with imported products, which it said
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The global supply of salmonids increased 7 percent year over year in 2023 to 5.2 million metric tons (MT) whole fish equivalent (WFE), with Kontali Senior Financial Analyst Filip Szczesny attributing the rise to solid wild catch in North America and Russia, rather than larger aquaculture volumes.
According to Szczesny farmed salmonid production actually slipped by around 1 percent last year, and despite regional variances, the total
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So-called “production-grade” farmed Atlantic salmon is now estimated to account for around one-third of Norway’s total salmon output.
In Norway, farmed salmon are classified as either “superior”, “ordinary”, or “production” grade, based on the quality of the fish. Under Norwegian regulations, it’s illegal to export production-grade salmon without first processing it, but after
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Bergen, Norway-headquartered Mowi harvested 96,500 metric tons (MT) of gutted-weight equivalent (GWE) Atlantic salmon in Q1 2024, a 6,000-MT decline from Q1 2023.
Mowi said issues with winter sores and string jellyfish have resulted in low superior share and average size on fish harvested in Norway, impacting price and cost performance.
Mowi’s complete Q1 2024 report will be released on 8 May.
The European Parliament has passed changes to a regulation for smoked salmon processing put forward by the European Commission in December 2023, rejecting concerns from fish processors and seafood supply chains.
The adjustments focus on “stiffening,” a longstanding process used by processors, whereby the ambient temperature of fresh salmon fillets are reduced to between -4 and -14 degrees Celsius to make slicing easier. The
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