Business & Finance

FISHERIES

FISHERIES

Aker QRILL Company and Tersan Shipyard are teaming up on the construction of a new state-of-the-art krill fishing vessel.

13th January 2025

Aker QRILL secures fourth krill fishing vessel

13th January 2025

ANALYSIS

ANALYSIS

The profitability of Iceland’s fishing and fish processing sectors declined in 2023, according to new analysis compiled by Statistics Iceland.

13th January 2025

Iceland’s fishing, fish processing profitability declines

13th January 2025

AQUACULTURE

AQUACULTURE

The taxation of the Faroes’ salmon industry has been restructured, effective from 1 January 2025, following a broad political agreement stretching to 2032, producer Bakkafrost has confirmed.

9th January 2025

Faroe Islands onboards new salmon farming tax

9th January 2025

AQUACULTURE

AQUACULTURE

PTG Frionordica has secured a record-breaking contract with Artec Aqua to supply six advanced heat pumps and seawater exchangers with a combined heating capacity of over 100,000 kW.

8th January 2025

PTG Frionordica wins second Indre Harøy deal

8th January 2025

SEAFOOD

SEAFOOD

A 276 kg bluefin tuna sold for JPY 207 million (US$1.3 million) at this year’s first tuna auction on Tokyo’s Toyosu Fish Market, the second highest price paid for the prized fish on record.

8th January 2025

Tokyo tuna sells for $1.3 million

8th January 2025

AQUACULTURE

AQUACULTURE

A new study reveals that Scottish seafood like salmon, herring and mackerel, rich in Omega-3 and Vitamin B12, is predominantly exported, despite its health and climate benefits. 

7th January 2025

Warning over lost health benefits to seafood exports

7th January 2025

ANALYSIS

ANALYSIS

Norway exported a total 2.8 million tonnes of seafood in 2024, worth a record NOK 175.4 billion, with the volume corresponding to 38 million meals every single day. This was achieved despite the year…

7th January 2025

Best year ever for Norwegian seafood exports

7th January 2025

FISHERIES

FISHERIES

Nationally-recognised trade body Scottish Seafood Association (SSA) has voiced support for the Scottish Fishermen’s Federation (SFF) and its recent statement regarding the urgent need to safeguard the future of fishing and processing…

6th January 2025

Concerns escalate over Scottish industry’s future

6th January 2025

NEW VESSELS

NEW VESSELS

With its new vessel, Gjögur has followed the trend away from processing at sea – new Hákon is a pelagic trawler/purse seiner with purely RSW capacity. The newbuild is one of a…

6th January 2025

New pelagic catcher joins Icelandic fleet

6th January 2025

PROCESSING & REFRIGERATION

PROCESSING & REFRIGERATION

Employees at UK food and drinks brand Princes Food, which has plants in Long Sutton in Lincolnshire, Bradford, Wisbech, Glasgow and Cardiff, will strike over pay in January. Union Unite said its…

6th January 2025

Princes Food striking over reneged pay increase

6th January 2025

INNOVATION & TECHNOLOGY

INNOVATION & TECHNOLOGY

Scotland-based aquaculture technology company Ace Aquatec has secured a major deal in Japan, deploying its bespoke humane trout stunning system with leading producer FRD Japan.

19th December 2024

Ace Aquatec trout stunner enters Japanese market

19th December 2024

SEAFOOD

SEAFOOD

Wilton, California-based white sturgeon farm Tsar Nicoulai Caviar has bought Sterling Caviar, the oldest caviar farm in America, with the strategic merger positioning Tsar Nicoulai’s combined farms as the largest purveyors of…

18th December 2024

Tsar Nicoulai Caviar acquires Sterling Caviar

18th December 2024

SEAFOOD

SEAFOOD

The Norwegian Seafood Council (NSC) has confirmed that this year, Italy was chosen as one of the markets for a new case investment project for salmon, with the main objectives being to…

17th December 2024

Italy targeted with salmon investment

17th December 2024

AQUACULTURE

AQUACULTURE

Global aquaculture shipping services company Aquaship AS/Intership AS through its majority owner American Industrial Partners (AIP) has acquired FSV Group AS. Together, the companies form one of the world’s largest maritime service…

17th December 2024

Aquaship/Intership and FSV join forces

17th December 2024

LAND-BASED FARMING

LAND-BASED FARMING

Norway’s PTG Frionordica AS has signed a contract with Eyvi AS for the supply of heat pumps and seawater heat exchangers to Arctic Seafarm AS´s new land-based aquaculture facility in Nesna municipality,…

17th December 2024

PTG Frionordica secures Arctic Seafarm contract

17th December 2024

LAND-BASED FARMING

LAND-BASED FARMING

The Board of Directors at US-headquartered, land-based aquaculture venture AquaBounty Technologies Inc has announced the company will wind down its hatchery operations in Bay Fortune, including a reduction of its workforce and…

17th December 2024

AquaBounty to cease fish farming operations

17th December 2024

SEAFOOD

SEAFOOD

Farmed seafood certification body Aquaculture Stewardship Council (ASC) had confirmed its continued support for the Women in Ocean Food programme, in partnership with Conservation International (CI) Ventures and Hatch Blue. The initiative,…

17th December 2024

ASC upholds support for Women In Ocean Food

17th December 2024

INNOVATION & TECHNOLOGY

INNOVATION & TECHNOLOGY

The first Scottish Sea Farms site to switch to 160-metre pens has reported record tonnage at an average harvest weight of 6.8kg, along with improved fish welfare and reduced seal predation.

12th December 2024

Larger, fewer pens pay off for Scottish Sea Farms

12th December 2024

BUSINESS & FINANCE

BUSINESS & FINANCE

Private equity impact fund Ocean 14 Capital Fund has entered into an investment agreement with Norwegian cod farming operation KIME Akva to help grow production and supplement diminishing wild catches.

11th December 2024

Ocean 14, KIME Akva team up on farmed cod drive

11th December 2024

AQUACULTURE

AQUACULTURE

Salmon producer Bakkafrost Group has launched a new online store in Denmark, where Danish consumers can now buy Faroese salmon products directly from the producer. In connection with the opening on 29 November 2024 –…

11th December 2024

Bakkafrost opens online store

11th December 2024