Jason Holland

The return of a normalized anchovy-fishing season in Peru helped Austevoll Seafood, which owns Peru-based fishmeal producer Austral Group, among other subsidiaries, significantly grow its earnings in the second quarter of 2024.

According to the Storebø, Norway-based fisheries, aquaculture, processing, sales, and distribution group’s Q2 2024 financial report, for the three-month period, Austevoll posted an operational EBIT of almost

Bergen, Norway-headquartered salmon-farming firm Mowi will conduct a strategic review of its Mowi Canada West operations in British Columbia in response to the Canadian government’s recent decision to ban open net-pen farming in the province from 1 July 2029 onward, Mowi CEO Ivan Vindheim has confirmed.

Because the ban only affects British Columbia, Mowi’s Canada East operations remain unaffected.

Delivering the company’s Q2

The second quarter of 2024 was another challenging period for Bergen, Norway-headquartered Grieg Seafood, with biological difficulties impacting the group’s performance and results, according to CEO Andreas Kvame.

Grieg’s operations in British Columbia, Canada, were severely affected by low dissolved oxygen during the quarter, causing increased mortality rates, loss of feeding days, and reduced growth; while its Finnmark,

Harsh winter conditions and biological challenges negatively impacted Frøya, Norway-headquartered SalMar’s salmon production in the first half of 2024, though the firm reported improved biological performance as the period progressed.

In the company’s Q2 2024 report, SalMar CEO Frode Arntsen said string jellyfish and related winter sore challenges that began toward the end of 2023 continued to affect Norway throughout the

Klepp, Norway-based aquaculture technology provider AKVA Group saw its revenues for the second quarter of 2024 rise 8 percent year over year to just over NOK 1 billion (USD 93.1 million, EUR 84.7 million), with CEO Knut Nesse confirming the company's best-ever Q2 revenues were largely driven by its Sea Based Technology (SBT) business.

However, delivering AKVA’s Q2 2024 results on 16 August 2024, Nesse said there’s been a lack of

Sea lice treatments and other measures salmon farmers take to reduce parasite  infestations are contributing to variances in fillet color, according to a new study conducted by Norwegian food research institute Nofima.

Led by Nofima Senior Scientist Trine Ytrestøyl, the institute’s scientists aimed to outline what factors pose challenges for Norwegian fish farmers aiming to achieve consistent pigmentation in their

Aarhus, Denmark-headquartered feed producer BioMar Group said it could end 2024 with “another all-time high” set of results, despite year-over-year dips in the company’s Q2 2024 revenue and sales.

In its mid-year 2024 results statement, BioMar said that across all of its divisions, it had delivered “solid results” and that the business is set for an all-time high EBITDA.

That goal was boosted in Q2 2024, as the

European Union member nations must ensure that trade and fisheries agreements established with Norway do not impede on the competitiveness of E.U. processing services and fishery products, according to the Brussels, Belgium-based Market Advisory Council (MAC).

Co-funded by the E.U. and comprising organizations representing the seafood value chain, as well as other interest groups, MAC provides advice to the European Commission concerning fishery

Loch Duart recently posted declines in annual turnover and profit for the 12 months ending 31 March 2024.

The Scourie, Scotland-based salmon-farming firm said the decreases were anticipated due to ongoing updates at its farming sites and in its operations in support of future growth.

Loch Duart, owned by U.S. investment fund SAF II Master Fund, achieved a turnover of GBP 43.1 million (USD 55 million, EUR 50.3 million) in its latest fiscal