Business & Finance – Page 6
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Icelandic catch falls by over a quarter
2024’s decrease driven by a substantial drop in pelagic volumes
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Regulatory reform needed to boost Scottish seafood exports
Salmon Scotland is backing the UK Chancellor’s growth-focused regulatory approach
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South Korea targets becoming world’s top oyster exporter
Ministry of Oceans and Fisheries unveils measures to elevate the industry’s production and sales to overtake France and China
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Vietnam aiming at $11 billion of seafood exports in 2025
Industry expected to overcome strong headwinds and return to trade levels not seen for three years
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Aker QRILL secures fourth krill fishing vessel
Aker QRILL Company and Tersan Shipyard revive a deal to build a sustainable, advanced krill fishing vessel
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Iceland’s fishing, fish processing profitability declines
2023 declines confirmed in companies’ operating accounts and balance sheets
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Faroe Islands onboards new salmon farming tax
Maximum rate reduced to 7.5% and a special additional corporate tax of 12% introduced for at-sea production
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PTG Frionordica wins second Indre Harøy deal
PTG Frionordica has won a record contract with Artec Aqua to supply six heat pumps for Salmon Evolution’s Indre Harøy facility
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Tokyo tuna sells for $1.3 million
Bought by the Onodera Group, the 276 kg bluefin achieved the second highest price on record
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Warning over lost health benefits to seafood exports
A new study advocates for a significant push to encourage local seafood consumption
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Best year ever for Norwegian seafood exports
Records achieved despite cod quota cuts, farmed salmon production challenges, geopolitical fluctuations and economic turmoil in the global market
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Concerns escalate over Scottish industry’s future
Scottish Seafood Association voices support for Scottish Fishermen’s Federation fears for fishing and processing
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New pelagic catcher joins Icelandic fleet
With freezing capacity onboard, Hákon replaces its 70-metre predecessor, which was built 20 years ago for operating company Gjögur
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Princes Food striking over reneged pay increase
Union warns of supermarket tinned goods shortages during strikes in Bradford, Cardiff, Glasgow, Long Sutton and Wisbech
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Ace Aquatec trout stunner enters Japanese market
Scottish aquaculture technology company collaborates with FRD Japan to introduce its A-HSU stunning system
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Tsar Nicoulai Caviar acquires Sterling Caviar
Strategic merger creates the largest caviar farm in the United States
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Italy targeted with salmon investment
Norwegian Seafood Council sees room for sales growth and increased storytelling in the market
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Aquaship/Intership and FSV join forces
Combined Norwegian-headquartered aquaculture services offering amounts to 60 vessels and 1,000 employees
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PTG Frionordica secures Arctic Seafarm contract
Company will supply heat pumps and seawater heat exchangers to the new land-based aquaculture facility
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AquaBounty to cease fish farming operations
Company to wind down its hatchery operations in Bay Fortune, including a reduction of its workforce and the exit of several senior management members