Jason Holland

Due to a solid fourth quarter in 2023 and a strong financial year overall, Bergen, Norway-headquartered Lerøy Seafood Group (LSG) is making steady progress toward meeting most of its 2025 strategic targets originally set in mid-2022, according to the company's CEO, Henning Beltestad.

These objectives include an EBIT of NOK 1.25 billion (USD 118 million, EUR 109.1 million) for its downstream Value-Added Processing, Sales, and Distribution

European fisheries body Europêche has called upon European policymakers to rework elements of the E.U.'s Common Fisheries Policy (CFP), including strengthening its socioeconomic and food security sections and ensuring the European seafood industry is maintains its competitiveness internationally.

Alongside these requests, in a recent meeting with member states in preparation for the next legislative term of the European Parliament,

Bergen, Norway-headquartered Grieg Seafood ASA experienced a difficult Q4 2023, with weak biological performance at the company’s operations in the Finnmark region of Norway particularly affecting year-end output.

In the salmon producer’s Q4 2023 report Grieg CEO Andreas Kvame confirmed that the Spironucleus salmonicida parasite, winter ulcers, and jellyfish have impacted survival rates and operational efficiency in

Glyvrar, Faroe Islands-based Bakkafrost Group delayed harvests planned for last year in both the Faroes and Scotland until early 2024, and the company said it hopes improved biological performance elicits a solid – albeit delayed – harvest and turns around what was a disappointing end to 2023.

For FY 2023, the company’s revenues amounted to DKK 7.14 billion (USD 1 billion, EUR 957.8 million), and its operational earnings before

Salmon industry trade body Salmon Scotland has joined 15 other representative groups of the Scottish food and beverage sector in voicing alarm over a surtax on retailers currently being considered by the Scottish government.

Representing a wide array of the Scottish food and beverage industry, the organizations, including the Scottish Retail Consortium, Scottish Financial Enterprise, and the Scotch Whisky Association, have jointly written to

The decision taken by U.K. and Scottish governments to stop sandeel fishing in their waters will have major implications for the fishing and processing sectors in Denmark and the European Union, according to Marine Ingredients Denmark.

The move also contravenes the cooperation agreement signed by the E.U. and the U.K. in December 2020, and the decision lacks scientific backing, the fishmeal and fish oil producers’ organization has

Aquaculture technology provider AKVA Group posted increased revenues and profitability in the fourth quarter of 2023 but stated that the introduction of Norway’s new resource rent tax on salmon farming has negatively impacted both its land- and sea-based business segments.

Delivering AKVA’s Q4 2023 results on 16 February 2024, CEO Knut Nesse said the company’s activities in 2023 remained relatively the same as the previous

The fourth quarter of 2023 closed out a solid year’s performance for Frøya, Norway-headquartered SalMar, but the period also ended with several of the salmon producer’s facilities in central and northern Norway suffering from string jellyfish attacks.

With the attacks continuing to cause serious impacts to fish welfare into the new year, the company has culled substantial volumes at multiple locations and harvested much of its

Post-Brexit export regulations implemented by the E.U. and domestic red tape have rattled the U.K. shellfish industry, which is scrambling for solutions to lock down a reliable export market, according to the Shellfish Association of Great Britain (SAGB).

U.K. shellfish exporters have been hit hard by an E.U. policy to only allow entry to imported bivalves – such as mussels, oysters, cockles, clams, and scallops –  produced