High end smoked and fresh salmon (and other seafood) supplier to COVID-19 hit Michelin restaurants, as well as retailers Selfridges and Globus, is under pressure.

Based from Loch Fyne, Argyll, Scotland, the company – which started the Loch Fyne Oyster Farm in 1978 – posted its results for the year ended October 2019.

Loch Fyne is a subsidiary of the private equity group Scottish Seafood Investments, which is registered in the British Virgin Islands. The business is separate from the pub chain Greene King-owned Loch Fyne seafood restaurants which closed down dozens of its locations last month.

Author: Owen Evans / SalmonBusiness | Read the full article here

Former Mowi chief executive Alf-Helge Aarskog has joined a newly formed seafood private equity fund as an industry adviser and board member.

Aarskog has also invested in the fund, Bluefront Equity, which will invest in supply companies that make the future seafood value chain more sustainable.

“It is very exciting to be able to contribute towards making a success of the first independent PE-fund that purely focuses on seafood,” said Aarskog. “Cooperating with talented people is both rewarding and interesting.

Source: fishfarmingexpert | Read the full article here

Covid-19 is set to take quite a toll on the performance of salmon farming companies this year, the latest figures from Norway Royal Salmon indicate today.

NRS is the first of the big producers to publish its 2020 third quarter results and the company has announced an operational EBIT of 35 million in Norwegian kroner NOK (£2.8 million), and an EBIT of NOK 4.21 per kg. The corresponding earnings figures for the July to September period last year were NOK 131 million (£10.6m) and NOK 19.60 (£1.59) per kg, falls of 73 per cent and 78.5 per cent respectively.

Given the impact of coronavirus on the restaurant and catering trade In Europe, the results were not unexpected and the company was in positive mood.

Author: Vince McDonagh / Fish Farmer | Read the full article here

Due to continued public health & safety issues caused by COVID-19, it is necessary to postpone the event to 7-9 September 2021 in Barcelona, Spain

2 November 2020 – Announcement: Event Postponed

Diversified Communications has determined that it is necessary to postpone Seafood Expo Global/Seafood Processing Global to 7-9 September 2021 at the Gran Via venue in Barcelona, Spain.

This postponement is an unavoidable consequence of the continued magnitude of the public health and safety issues caused by COVID-19, which are not yet showing the types of encouraging trends we have been hoping for. 

As we plan for the in-person event, this page serves as a resource for important information about COVID-19 as related to the 2021

Seafood Expo North America/Seafood Processing North America.

Diversified Communications has determined that it is necessary to postpone the March 2021 edition of Seafood Expo North America/Seafood Processing North America. We are working with the Boston Convention and Exhibition Center to find new dates in mid-July that would keep the same day pattern of Sunday through Tuesday. In recognition of our community’s need to stay connected and informed, Seafood Expo North America will host its first online conference program during the week of March 14, 2021.

In-Person Event – Mid-July 2021

Tuna operators’ organisations ORTHONGEL, representing three French tuna companies, and Spanish tuna industry bodies OPAGAC and ANBAC, are adamant that their fleet sector is sticking to its commitments, as NGOs call for increased restrictions.

Opinions have been voiced at the Indian Ocean Tuna Commission (IOTC) conference, taking place this week as a remote meeting held for two hours every day, due to current health considerations and travel restrictions.

Author: Quentin Bates / FiskerForum | Read the full article here

Transaction aims to consolidate Agrosuper’s salmon business, with the transfer of Pesquera Los Fiordos to AquaChile.

Last Thursday at an extraordinary shareholders’ meeting, AquaChile approved a capital increase of USD 248 million, the salmon farmer wrote in a financial update to Chile’s Financial Market Commission.

The transaction aims to consolidate the unification of Agrosuper’s salmon business through corporate restructuring. To do this, Pesquera Los Fiordos will be transferred to AquaChile.

Source: SalmonBusiness | Read the full article here

The UK has signed a fisheries framework agreement with the Faroe Islands.

This is the second coastal state agreement negotiated since the UK left the EU and follows the UK-Norway fisheries treaty signed in September.

Fisheries Minister Victoria Prentis said: “This agreement will ensure that annual fisheries negotiations can take place this year to the benefit of our fishing industry.”

Signing the Faroese fisheries framework deal are the UK ambassador to Denmark, Emma Hopkins, and the Faroese fisheries minister Jacob Vestergaard. Photo: DEFRA ?

Isles MP Alistair Carmichael said: “This is a positive arrangement that provides greater certainty to fishermen in Shetland ahead of our exit from the Common Fisheries Policy at the end of the year.

“The similarities with the recently agreed UK-Norway arrangement puts the UK in a good position.

“However, it will only be as good as the political will invested by the Scottish and UK governments to get good deals in the annual negotiations on access and quotas.”

Author: Ryan Taylor/The Shetland Times

Young’s Seafood has met all its 2020 targets for packaging reduction ahead of its end of year deadline. The company is celebrating a major milestone in reducing its environmental impact and promoting sustainable business practices.
In 2018 Grimsby-based Young’s committed to significant cuts in its use of paper packaging and reducing plastic packaging by 10 per cent , including the removing all black plastic by the end of 2020. This was part of a broader strategy to ensure that 100% of all packaging is reusable, recyclable or compostable by 2025.

It has now achieved those targets early, successfully removing over 170 tonnes of unnecessary paper packaging and 300 tonnes of plastic packaging in the process.

Author: Vince McDonagh / Fish Farmer | Read the full article here

Seafood industry software, analysis and Internet of Things (IoT) supplier Maritech Systems has appointed Odd Arne Kristengård, 47, as its new chief executive.

Kristengård has been acting chief executive since June and took on the role permanently at the beginning of this month. He has been working for Maritech since 2010, the last six years as chief operating officer, and has extensive experience related to management and IT development, the company said in a press release.

Source: fishfarmingexpert | Read the full article here